What is MoVTM ?
Management of Value (MoV) is an OGC product from the Best Management Practice suite of methods. MoV is about maximising value in line with programme and project objectives and key stakeholder requirements. MoV provides a set of universally applicable guidance to enhance and maximise value for organisations. It provides a set of principles, processes and techniques to enhance and deliver best value for product or process owners and end users alike.
Value management is one of the most powerful management tools available. It has particular application where improvement of productivity, service or quality performance is vital and when time or resources are limited. Its focus on "required function" enables decision makers to channel their efforts on the issues and factors that have the most direct impact on outcomes.
When running portfolios, programmes and projects (P3), the key objectives are to deliver the expected outcomes in full, resulting in the expected realisation of benefits. However, this cannot be allowed to occur at any cost. The resources needed to achieve the desired results must be used as widely as possible.
MoV is all about maximising value in line with P3 objectives. It captures key stakeholder requirements for what products or services should do rather than what they are, then develops solution designs that optimise value.
MoV focuses on improving benefits and reducing expenditure to speed up delivery without impacting essential project scope or service quality. It is not simply about minimising costs.
Value management is essential to effective strategy and policy development and delivery via portfolios, programmes and projects, as well as service reviews or product redesigns delivered via continual improvement processes. Therefore MoV is vital in both Business as Usual and P3 environments, providing an audit trail of how optimum value has been achieved.
With method360 and Best Management Practice you can be confident that the courses we deliver conform to the highest standards of MoV training. All of our MoV courses are based on the latest version of the syllabus.
The seven principles of MoV:
| 1. Align with organizational objectives. | 2. Focus on functions and required outcomes |
| 3. Balance the variables to maximize value | 4. Apply throughout the investment decision |
| 5. Tailor to suit the subject | 6. Learn from experience and improve |
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a supportive culture |
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There has probably never been greater pressure on individuals and organisations, in both public and private sectors, to do more and more with less and less. For all organisations, finding the resources to meet essential and, often, escalating demands is putting unprecedented pressure on product and service quality. There is clear need for a way to match what is delivered with the available resources, without undermining essential quality of the outputs and to be able to demonstrate clearly that the decisions taken will maximise value for money.
Value management is one of the most powerful management tools available. It has particular application where improvement of productivity, service or quality performance is vital and when time or resources are limited. Its focus on "required function" enables decision makers to channel their efforts on the issues and factors that have the most direct impact on outcomes.
MoV is an acronym of Management of Value. MoV provides a set of universally applicable guidance to enhance and maximise value for organisations. It provides a set of principles, processes and techniques to enhance and deliver best value for product or process owners and end users alike.
When running portfolios, programmes and projects (P3), the key objectives are to deliver the expected outcomes in full, resulting in the expected realisation of benefits. However, this cannot be allowed to occur at any cost. The resources needed to achieve the desired results must be used as widely as possible.
MoV is all about maximising value in line with P3 objectives. It captures key stakeholder requirements for what products or services should do rather than what they are, then develops solution designs that optimise value.
MoV focuses on improving benefits and reducing expenditure to speed up delivery without impacting essential project scope or service quality. It is not simply about minimising costs.
Value management is essential to effective strategy and policy development and delivery via portfolios, programmes and projects, as well as service reviews or product redesigns delivered via continual improvement processes. Therefore MoV is vital in both Business as Usual and P3 environments, providing an audit trail of how optimum value has been achieved.
Goal Group is an APMG Accredited Training Organisation – so you can be confident that the courses we deliver conform to the highest standards of MoV training. All of our MoV courses are based on the latest version of the syllabus.
