MoV - Management of Value

At its heart MoV is a set of techniques for balancing satisfaction of needs (benefits) against use of resources (expenditure) in order to establish the value of a portfolio, programme, project or individual function. MoV is not simply about minimising costs. MoV, published by the UK Cabinet Office in November 2010, extends these core techniques. Recognising the subjective nature of value, the guidance includes:

Processes

The comprehensive set of seven MoV processes describes how an organisation can optimise the business case for an initiative by rigorously demonstrating the value of the initiative and its elements.

Techniques

Specific MoV techniques are described and links are made to generic techniques that are relevant to MoV.

Implementation

Advice is included on how an organisation can successfully implement and embed MoV in the light of the internal and external environment.

At the portfolio level, it reflects the organisation's strategic objectives and sets the agenda for the programmes that deliver these objectives. In turn these define the projects undertaken to achieve the required outputs. At project level is can be used to optimise the value of the functionality offered by the project. MoV:

• Enables more efficient delivery by using resources to better effect
• Provides a means to clearly relate objectives and scope to stakeholders needs
• Supports decision-making aimed at maximising value for money.

It is aimed at those with responsibility for directing programmes and projects as well as managing them through to delivery.

MoV supplements the main purposes of PRINCE2, MSP, P3O and M_o_R. AFA has been pre-eminent in all these fields since their inception. Our long track record in complementary methods means we will be able to put MoV into context for you. Furthermore the consistent training style across all AFA training products makes it easier for your delegates to absorb and apply the core message of MoV - maximising value.

AFA delivers MoV Value management training at all levels. We currently schedule MoV open courses throughout the UK and across Europe; alternatively we are happy to provide a quotation for in-house MoV training.