Management of Value (MoV) Practitioner 2 Days Training in Stockholm

Course Description:

This 2-day interactive MoV Practitioner 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:

●      Function Analysis

●      Customer FAST Diagram

●      Value Tree Development

●      Weighting Attributes

●      Paired Comparisons

●      Developing a Value Profile

●      Developing a Value Index

●      Value for Money Ratio

●      Stimulating Innovation

●      Value Engineering

●      Option Evaluation and Selection

●      Evaluation Matrix

●      Value and Value for Money

●      Timing and Planning

●      Teams and Stakeholders

●      MoV in the Organization

●      Integrating with Best Management Practice

●      Relationship between Process and Approach

Learning Goals:

●      Apply Management of Value (MoV) principles, processes and techniques, and advocate the benefits of this application appropriately to the senior Management.

●      Develop a plan of MoV activities for the whole lifecycle of small and large projects and programs.

●      Plan an MoV study, tailoring it to particular projects or programs and developing practical study or workshop handbooks as required.

●      Understand and articulate value in relation to organizational objectives.

●      Prioritize value drivers using function analysis and use these to demonstrate how value might be improved.

●      Quantify monetary and non���monetary value using the Value Index, Value Metrics and the Value for Money ratio.

●      Describe and comment on the application of various techniques relevant to MoV.

●      Monitor improvements in value realized throughout a project lifecycle and capture learning which can be transferred to future projects.

●      Offer suggestions and guidance about embedding MoV into an organization, including policy issues, undertake a health check, assess maturity and competence, and provide guidance on typical roles and responsibilities.

●      Understand and articulate the use of MoV within other Best Management Practice methods and its contributions to them.

Course Agenda:

Day 1

●      MoV practical exercises

●      Recap Day 1

Day 2

●      MoV practical exercises ctn.

●      MoV discussion topics

●      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 programmes or projects

●      Programme Managers – responsible for making sure programmes 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

●      All other personnel who have an interest or responsibility for Management of Value within their organisation