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      Management of Value (MoV) Foundation 2 Days Virtual Live Training in Darwin in Fannie Bay


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      November 14, 2019

      Thursday   9:00 AM

      8 Conacher Street
      Fannie Bay, Northern Territory 0820

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      EVENT DETAILS
      Management of Value (MoV) Foundation 2 Days Virtual Live Training in Darwin

      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

      Categories: Business & Networking

      Event details may change at any time, always check with the event organizer when planning to attend this event or purchase tickets.