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AXELOS - MoV® - Management of Value - Foundation

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Personally designed (content + graphics design), officially accredited MoV® Foundation courseware.

MoV® (Management of Value) is part of the AXELOS Global Best Practice Guidance.

Trademarks are properties of the holders, who are not affiliated with courseware author.

Published in: Business

AXELOS - MoV® - Management of Value - Foundation

  1. 1. PRINCE2®,P3O®,MSP®,MoP®,M_o_R®,MoV®,ITIL®,P3M3®areregisteredtrademarksofAXELOSLtd.Theswirllogo™isatrademarkofAXELOSLtd
  2. 2. Course administration Course introduction Start and finish Course style LunchCoffee and breaks M00 - Course introduction 2/12 | 2/209
  3. 3. Course objectives  Processes and techniques used within MoV and the reasons for using them  How MoV may be applied into organization activity  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  Approaches for implementing MoV  How to respond to external and internal influences  The principles of embedding MoV into an organisation  The key topics in document check lists, the toolbox, health check, organizational maturity and individual competence Main goal  Attempt Foundation exam with confidence  Begin to apply the method, tailoring it to your own needs Secondary goal  Benefits and value of value management and MoV Course introduction M00 - Course introduction 3/12 | 3/209
  4. 4. Course introduction Let’s Get to Know Each Other  Please share with the class:  Your name and surname  Your organization  Your profession  Title, function, job responsibilities  Your familiarity with the project and programme management  Your familiarity with the value management  Your familiarity with the value engineering (VE)  Your experience with MoV  Your personal session expectations M00 - Course introduction 4/12 | 4/209
  5. 5. Day1 Module Subject Start End Total Time (in hours) Course introduction 09:00 09:30 00:30 01 Introduction to value management and MoV 09:30 11:00 02:00 02 MoV principles 11:00 12:00 01:00 03 MoV processes 12:00 13:00 01:00 Lunch 13:00 13:30 00:30 04 MoV techniques 13:30 16:30 02:30 Recap Day 1 16:30 17:00 00:30 Total Training Time 08:00 Course agenda - Day 1 Course introduction M00 - Course introduction 5/12 | 5/209
  6. 6. Day2 Module Subject Start End Total Time (in hours) Review Day 1 09:00 09:15 00:15 05 Common techniques used in MoV 09:15 11:30 02:15 06 Approach to implementation 11:30 12:30 01:00 07 Environmental factors 12:30 13:00 00:30 Lunch 13:00 13:30 00:30 08 Embedding MoV into an organization 13:30 14:00 00:30 09 MoV products 14:00 15:00 01:00 10 MoV toolbox 15:00 16:15 01:15 11 MoV health check and maturity model 16:15 16:30 00:15 Recap Day 2 16:30 17:00 00:30 Foundation Exam 17:00 18:00 Total Training Time 08:00 Course agenda - Day 2 Course introduction M00 - Course introduction 6/12 | 6/209
  7. 7. MoV Foundation certification Course introduction  Foundation Exam  Paper based and closed book exam  Only pencil and eraser are allowed  Simple multiple (ABCD) choice exam  Only one answer is correct  50 questions, pass mark is 25 (50%)  40 minutes exam  No negative points, no “Tricky Questions”  No pre-requisite for Foundation exam  Sample, two (official) mock exams are provided to you Candidates completing an examination in a language that is not their mother tongue, will receive additional time M00 - Course introduction 7/12 | 7/209
  8. 8. MoV Practitioner certification Course introduction  Practitioner Exam:  Paper based and open book exam  Reference to MoV handbook  Handbook is provided for students  2.5 hours exam  8 questions worth 10 marks each (80 marks), pass mark is 40 (50%)  Dictionary/translation lists allowed for non- native speakers  Non-scientific calculator for basic calculations  Foundation certification is required Candidates completing an examination in a language that is not their mother tongue, will receive additional time M00 - Course introduction 8/12 | 8/209
  9. 9. MoV official handbook and examination syllabus Course introduction MoV syllabus section code and title IN Introduction PI Principles PR Processes MT MoV Techniques CT Commonly used techniques AP Approach to implementation RD Environment and Embedding AD Appendices A-D Module slide number / total module slides Slide number / total slides Module number and name Syllabus Handbook Page MoV handbook page MoV syllabus section code M00 - Course introduction 9/12 | 9/209
  10. 10. MoV interactive study guide mind map Course introduction See Appendix #2 more mind maps from AXELOS Global Best Practice M00 - Course introduction 10/12 | 10/209
  11. 11. MoV interactive glossary Course introduction quizlet.com/42710390/ M00 - Course introduction 11/12 | 11/209
  12. 12. About course author - Mirosław Dąbrowski Course introduction twitter.com/mirodabrowski linkedin.com/in/miroslawdabrowski google.com/+miroslawdabrowski miroslaw_dabrowski www.miroslawdabrowski.com Mirosław Dąbrowski Agile Coach, Trainer, Consultant (former JEE/PHP developer, UX/UI designer, BA/SA) Creator Writer / Translator Trainer / Coach • Creator of 50+ mind maps from PPM and related topics (2mln views): miroslawdabrowski.com • Lead author of more than 50+ accredited materials from PRINCE2, PRINCE2 Agile, MSP, MoP, P3O, ITIL, M_o_R, MoV, PMP, Scrum, AgilePM, DSDM, CISSP, CISA, CISM, CRISC, CGEIT, TOGAF, COBIT5 etc. • Creator of 50+ interactive mind maps from PPM topics: mindmeister.com/users/channel/2757050 • Product Owner of biggest Polish project management portal: 4PM: 4pm.pl (15.000+ views each month) • Editorial Board Member of Official PMI Poland Chapter magazine: “Strefa PMI”: strefapmi.pl • Official PRINCE2 Agile, AgilePM, ASL2, BiSL methods translator for Polish language • English speaking, international, independent trainer and coach from multiple domains. • Master Lead Trainer • 11+ years in training and coaching / 15.000+ hours • 100+ certifications • 5000+ people trained and coached • 25+ trainers trained and coached linkedin.com/in/miroslawdabrowski Agile Coach / Scrum Master PM / IT architect Notable clients • 8+ years of experience with Agile projects as a Scrum Master, Product Owner and Agile Coach • Coached 25+ teams from Agile and Scrum • Agile Coach coaching C-level executives • Scrum Master facilitating multiple teams experienced with UX/UI + Dev teams • Experience multiple Agile methods • Author of AgilePM/DSDM Project Health Check Questionnaire (PHCQ) audit tool • Dozens of mobile and ecommerce projects • IT architect experienced in IT projects with budget above 10mln PLN and timeline of 3+ years • Experienced with (“traditional”) projects under high security, audit and compliance requirements based on ISO/EIC 27001 • 25+ web portal design and development and mobile application projects with iterative, incremental and adaptive approach ABB, AGH, Aiton Caldwell, Asseco, Capgemini, Deutsche Bank, Descom, Ericsson, Ericpol, Euler Hermes, General Electric, Glencore, HP Global Business Center, Ideo, Infovide-Matrix, Interia, Kemira, Lufthansa Systems, Media-Satrun Group, Ministry of Defense (Poland), Ministry of Justice (Poland), Nokia Siemens Networks, Oracle, Orange, Polish Air Force, Proama, Roche, Sabre Holdings, Samsung Electronics, Sescom, Scania, Sopra Steria, Sun Microsystems, Tauron Polish Energy, Tieto, University of Wroclaw, UBS Service Centre, Volvo IT… miroslawdabrowski.com/about-me/clients-and-references/ Accreditations/certifications (selected): CISA, CISM, CRISC, CASP, Security+, Project+, Network+, Server+, Approved Trainer: (MoP, MSP, PRINCE2, PRINCE2 Agile, M_o_R, MoV, P3O, ITIL Expert, RESILIA), ASL2, BiSL, Change Management, Facilitation, Managing Benefits, COBIT5, TOGAF 8/9L2, OBASHI, CAPM, PSM I, SDC, SMC, ESMC, SPOC, AEC, DSDM Atern, DSDM Agile Professional, DSDM Agile Trainer-Coach, AgilePM, OCUP Advanced, SCWCD, SCBCD, SCDJWS, SCMAD, ZCE 5.0, ZCE 5.3, MCT, MCP, MCITP, MCSE-S, MCSA-S, MCS, MCSA, ISTQB, IQBBA, REQB, CIW Web Design / Web Development / Web Security Professional, Playing Lean Facilitator, DISC D3 Consultant, SDI Facilitator, Certified Trainer Apollo 13 ITSM Simulation … M00 - Course introduction 12/12 | 12/209
  13. 13. Agenda Introduction to value management and MoV 1. Introduction to value management and MoV 2. MoV principles 3. MoV processes 4. MoV techniques 5. Common techniques used in MoV 6. Approach to MoV implementation 7. Environmental factors 8. Embedding MoV into an organization 9. MoV products 10. MoV toolbox 11. MoV health check and maturity model M01 - Introduction to value management and MoV 2/21 | 14/209
  14. 14. Value and Value Management Introduction to value management and MoV  Value  The benefits delivered in proportion to the resources put into acquiring them  Value management  A systematic method (with several techniques) to define what values means for organisations, and to communicate it clearly to maximize value across portfolios, programmes, projects and operations IN0101 4-5M01 - Introduction to value management and MoV 3/21 | 15/209
  15. 15. Capabilities, Outcomes, Benefits and Dis-benefits Introduction to value management and MoV Side-effects and consequences Corporate objectives realize further also cause Project outputs Organizational changes Dis-benefits enable realize helps achieve one or more Outcomes Benefits trigger Result in Capabilities build enable Measurable improvement arising from an outcome perceived as an advantage by one or more stakeholders and contributes to one or more organisational objectives Measurable decline resulting from an outcome perceived as negative by one or more stakeholders which reduces one or more organizational objectives Tangible or intangible artefact produced, constructed or created as a result of a planned activity Completed set of project outputs required to deliver an outcome – exists prior to transition Result of change, normally affecting real-world behaviour or circumstances M01 - Introduction to value management and MoV 4/21 | 16/209
  16. 16. What is Value? Introduction to value management and MoV Alternative forms of the Value Ratio: Value = Benefits / Expenditure Value = Function / Cost Value = Function + Performance + Quality ©AXELOSLtd.2013.MaterialisreproducedunderlicencefromAXELOS. 4-5IN0201M01 - Introduction to value management and MoV 5/21 | 17/209
  17. 17. Introduction to value management and MoV What is Management of Value (MoV)? (1/2)  Process based approach for defining and embracing value  MoV focuses on function – what things DO, not strictly what they ARE  PRINCE2 – what things ARE (acceptation criteria)  MoV – what things DO (functions / value drivers)  MoV Maximises value in line with Programme and Project objectives and key stakeholder requirements:  Not simply minimising costs  Are we maximizing the value, are we getting optimal benefits?  Collective term embracing many processes to maximise value:  Value is subjective, MoV seek to achieve the optimum balance between all stakeholder’s needs  Supports decision making based on maximising value for money  8 key benefits 5-6M01 - Introduction to value management and MoV 6/21 | 18/209
  18. 18. What is Management of Value (MoV)? (2/2) Introduction to value management and MoV , , , Balance between benefits & expenditure Balance between stakeholders Balance between use of resources ©AXELOSLtd.2013.MaterialisreproducedunderlicencefromAXELOS. 5-6 Figure 3.4 – Balancing the variables to maximize value M01 - Introduction to value management and MoV 7/21 | 19/209
  19. 19. Introduction to value management and MoV Why use MoV?  MoV enhances competitiveness, productivity and profitability:  Maximising ROI  Minimizing TCO/TCI  Making optimum use of resources  Improving customer satisfaction by providing value for money for customers  Streamlining production and improving delivery of services  Eliminating wasteful practices  Deliver cost savings with minimum impact on essential quality of products and services  Cut non-essential projects or services 6-8IN0102; 0203M01 - Introduction to value management and MoV 8/21 | 20/209
  20. 20. Where use MoV? Introduction to value management and MoV  MoV is applicable to hard and soft projects in all sectors  Hard projects have tangible outputs  Soft projects  MoV is applicable to all business domains  MoV should be used throughout the investment decision  From the start up to the end 8-9IN0102; 0204M01 - Introduction to value management and MoV 9/21 | 21/209
  21. 21. Introduction to value management and MoV When MoV should be used?  More opportunities early in project lifecycle  Figure presenting Project / Programme timing Quantum Time Start up Initiate project Delivery In service Potential to add value Resistance to change Cost of change ©AXELOSLtd.2013.MaterialisreproducedunderlicencefromAXELOS. 8-9 Figure 1.3 - Timing IN0102; 0205M01 - Introduction to value management and MoV 10/21 | 22/209
  22. 22. Introduction to value management and MoV What using MoV involve?  Based on 7 principles  Underpinned by 7 processes  The use of some unique (specific for MoV) techniques  And some commonly used (across other methodologies / methods) techniques  Applied in a structured manner  Process based approach  Supported by sound management and a supportive culture  No blame culture IN0103; 0206 12-14M01 - Introduction to value management and MoV 11/21 | 23/209
  23. 23. Selected MoV benefits (1/2) Introduction to value management and MoV 1. Enables more efficient delivery by employing fewer resources and using these resources to better effect 2. Provides a means to define objectives and scope clearly in terms of the organization’s and end users’ short- and long-term needs 3. Supports decision-making based upon maximizing value for money 4. Encourages innovation that is well-aligned to the organization’s goals 5. Facilitates optimal balance between investment and long-term operating expenditure 5-6IN0202M01 - Introduction to value management and MoV 12/21 | 24/209
  24. 24. Selected MoV benefits (2/2) Introduction to value management and MoV 6. Provides a means of measuring and auditing value, taking account of monetary and non- monetary benefits and achieving optimal balance between them, thus demonstrating that optimal value has been achieved 7. Enables effective consultation and engagement of stakeholders and end users and reconciles their differing needs 8. Promotes sustainable decision-making, based on adding value, by addressing both monetary and non-monetary factors 5-6IN0202M01 - Introduction to value management and MoV 13/21 | 25/209
  25. 25. Relationship with other AXELOS Global Best Practices Introduction to value management and MoV 6 Portfolio management Portfolio(s) Office Programme management Programme(s) Office Project(s) Office Project management Project management Project management ManagementofRisk(M_o_R) ITIL ManagementofValue(MoV) RESILIA M01 - Introduction to value management and MoV 14/21 | 26/209
  26. 26. Relationship with other AXELOS Global Best Practices and Models Introduction to value management and MoV 10IN0207 The Portfolio, Programme, and Project Management Maturity Model (P3M3) ITIL Maturity Model (IMM) ITILPortfolio, Programme and Project Offices (P3O) Management of Value (MoV) Management of Risk (M_o_R) Best practice guides AXELOS common glossary PRINCE2 Maturity Model (P2MM) Models (MoP) Management of Portfolios (MSP) Managing Successful Programmes (PRINCE2) PRojects IN Controlled Environments Portfolio Office Programme Office Project Office RESILIA M01 - Introduction to value management and MoV 15/21 | 27/209
  27. 27. How MoV fits with other AXELOS Global Best Practice Guides Introduction to value management and MoV P3O MoP M_o_R MSP PRINCE2 ITIL  Value for money in the delivery of IT programmes and projects  Improving efficiency in delivery of services  Support offices that can provide the resources and support for MoV  Articulate an organisation’s MoP value priorities informs developing strategy  Complements by adding value better exploit opportunities reducing risk by clarity of definitions  Enhances the methods available under MSP to add value  Focus on functions  Informs project brief  Enable option selection  Generate innovative alternatives IN0207M01 - Introduction to value management and MoV 16/21 | 28/209
  28. 28. M01 - Introduction to value management and MoV 17/21 | 29/209
  29. 29. MoV in numbers (version 2010) Introduction to value management and MoV 7 7 7 12 18 1 1 Principles Processes Roles Products Techniques Health Check Maturity Model M01 - Introduction to value management and MoV 18/21 | 30/209
  30. 30. Introduction to value management and MoV Module review and summary  Value  Value management  Where MoV can be used?  What using MoV involve?  Why use MoV?  Selected MoV benefits  How MoV fits with other AXELOS Global Best Practice Guides M01 - Introduction to value management and MoV 19/21 | 31/209
  31. 31. Q&A Introduction to value management and MoV M01 - Introduction to value management and MoV 20/21 | 32/209
  32. 32. I hope you enjoyed this presentation. If so, please like, share and leave a comment below. Endorsements on LinkedIn are also highly appreciated!  (your feedback = more free stuff)  MIROSLAWDABROWSKI.COM/downloads M01 - Introduction to value management and MoV 21/21 | 33/209

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