€1,367.22 – €1,894.72

Management of Value (MoV) Foundation 2 Days Virtual Live Training in Cork

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Location

T12 W7CV Cork

Ireland

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Refunds up to 7 days before event

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Course Description:

This 2-day interactive MoV Foundation course provides a modular and case-study-driven approach to learning Management of Value (MoV). The core knowledge is structured and comprehensive; and well-rounded modules cover the methodology and various techniques. A case study is used to help appreciate the relevance of MoV in its practical application.

Course Topics:

Course introduction

● Introduction to value management and MoV

● Value and Value Management

● Capabilities, Outcomes, Benefits and Disbenefits

● What is Value?

● What is Management of Value (MoV)?

● Why use MoV?

● Where use MoV?

● When MoV should be used?

● What using MoV involve?

● Selected MoV benefits

● Relationship with other AXELOS Global Best Practices and Models

● How MoV fits with other AXELOS Global Best Practice Guides

MoV principles

● Align with organization’s objectives

● Focus on functions and required outcomes

● Balance the variables to maximise value

● Apply throughout the investment decision

● Tailor MoV to suit the subject

● Learn from experience and improve

● Assign clear roles and responsibilities and build a supportive culture

MoV processes

● Frame the programme or project

● Gather information

● Analyse information

● Process information

● Evaluate and select

● Develop Value Improving Proposals

● Implement and share outputs

Lunch

MoV techniques

● Function Analysis

● Function Analysis System Technique (FAST)

● Traditional (or classic) FAST

● Technical FAST

● Customer FAST

● Value Trees

● Measuring value

● Value profiling (a.k.a. value benchmarking)

● Simple multi-attribute rating technique (a.k.a. SMART)

● Value index

● Value metrics

● Value for money (VfM) ratio

● Value Engineering / Analysis

Recap Day 1

Common techniques used in MoV

● Analysis of information

● Benchmarking

● Process Mapping

● Root Cause Analysis

● Discounted Cash Flow Analysis

● Generating Ideas

● Brainstorming

● Evaluation and option selection

● Option Selection Matrix

● Idea selection

● Allocation to Categories

● Idea Selection Matrix

● Weighting techniques

● Paired Comparisons

● Points Distribution

● Developing VIPs

● Developing Proposals

● Cost Benefit Analysis

● Building Decisions

● Implementing VIPs

● Implementation Plans

● Feedback

● Following up

● Tracking Benefits

Approach to Implementation

● Generic approach to MoV implementation

● Plan the MoV activities

● Understand and articulate value

● Prioritize value

● Improve value

● Quantify value

● Monitor improvements in value

● Learn lessons

Environmental factors

● Portfolio Considerations

● Programme considerations

● Project considerations

● Operational Considerations

Lunch

● Embedding MoV into an organization

● Benefits of Embedding MoV into an organization

● MoV Policy

● MoV Policy – Composition

● Embedding MoV into an organisation – Key steps

● Suggested MoV Management Structure

● Overcoming barriers

● We do it anyway

● It takes up too much time

● We can’t afford to make the changes

● What’s in it for me?

● Don’t fix it if it ain’t broke

● Fixed returns on investment

MoV products

● Briefing Meeting Agenda (A.1)

● Communications Checklist (A.2)

● Equipment list for an Effective Study/Workshop (A.3)

● Invitation to join the Study Team (A.4)

● Option Evaluation Matrix (A.5)

● Plan the Study (A.6)

● Recording Idea Selection (A.7)

● Reporting Study outputs (A.8)

● Scoping the Study (A.9)

● Study or Workshop Handbook (A.10)

● Value-Improvement Proposal Forms (A.11)

● Value Improvement Tracking Report (A.12)

MoV toolbox

● MoV health check and maturity model

● P3M3 Maturity Model

● MoV Maturity Model (aligned with P3M3)

Recap Day 2

Learning Goals:

● The main processes and techniques used within MoV and the reasons for using them

● How MoV may be applied at portfolio, program, project and operational levels

● The differences in applying MoV at different stages in a project and the expected outputs from a MoV Study at each stage

● The circumstances under which MoV should be used

● The concept of value and how value may be improved

● The main benefits arising from the use of MoV

● Approaches for implementing MoV

● How to respond to external and internal influences

● The principles of embedding MoV into an organization

● The key topics in document checklists, the toolbox, health check, organizational maturity and individual competence.

Course Agenda:

Day 1

● Introduction to value management and MoV

● MoV principles

● MoV processes

● MoV techniques

● Recap Day 1

Day 2

● Common techniques used in MoV

● Approach to implementation

● Environmental factors

● Embedding MoV into an organization

● MoV products

● MoV toolbox

● MoV health check and maturity model

● Recap Day 2

Who can Attend?

The course will be of benefit to all levels of management including:

● Corporate Managers – responsible for instigating MoV studies with a view to starting new programs or projects
● Program Managers – responsible for making sure programs deliver the best value solutions taking into account the views of the stakeholders
● Project Managers – responsible for delivering products from their projects that represent the best value for money solutions
● Operational Managers – responsible for undertaking MoV studies to assist in reviewing operational procedures and improving efficiency
● Any other professionals who have an interest or responsibility for Management of Value within their organization

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Date and Time

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T12 W7CV Cork

Ireland

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Refund Policy

Refunds up to 7 days before event

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