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.

Classroom
  • May 26th 2023
  • 9:00 amt o 5:00 pm
  • Regus Perth
  • $545.00

Duration            Learning Credits        

2 days – 16 hours of   16 PDU’s 

Session  

 

Public Classroom Pricing:     

Early Bird Price: AUD 1695.00

Regular Price: AUD 1795.00


Instructor-Led Virtual Live Pricing:

Early Bird Price: AUD 1295.00

Regular Price: AUD 1495.00


Private Group/ In-House Learning:

Have a group of 3 or more people?

 Register yourself with a special pricing and

request the training exclusively

  • 4.5 |2546 Ratings |5246 Attended |245 Corporate Training
Course Outline

● 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

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

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.

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