Management of Value (MoV) Practitioner 2 Days Virtual Live Training in Brisbane

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 ApproachLearning 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 nonmonetary 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 1Day 2● MoV practical exercises ctn.● MoV discussion topics● Recap Day 2Who 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