axelos - mov® - management of value - foundation

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Course administration

Course introduction

Start and finish Course style

LunchCoffee and breaks

M00 - Course introduction 2/12 | 2/209

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


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


Day

1

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


Day

2

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


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


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


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

MoVhandbook page

MoV syllabus section code


MoV interactive study guide mind map

Course introduction

See Appendix #2 more mind maps from AXELOS Global Best Practice


MoV interactive glossary

Course introduction

quizlet.com/42710390/


About course author - Mirosław Dąbrowski

Course introduction

twitter.com/mirodabrowski

linkedin.com/in/miroslawdabrowskigoogle.com/+miroslawdabrowski

miroslaw_dabrowski

www.miroslawdabrowski.com

Mirosław DąbrowskiAgile 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, independenttrainer 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 …


Agenda

Introduction to value management and MoV

1. Introduction to value management and MoV2. MoV principles3. MoV processes4. MoV techniques5. Common techniques used in MoV6. Approach to MoV implementation7. Environmental factors8. Embedding MoV into an organization9. MoV products10. MoV toolbox11. MoV health check and maturity model

M01 - Introduction to value management and MoV 2/21 | 14/209

Value and Value Management


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

Capabilities, Outcomes, Benefits and Dis-benefits


Side-effects and consequences

Corporateobjectives

realize further

also cause

Projectoutputs

Organizationalchanges

Dis-benefits

enable

realize

helps achieveone 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


What is Value?


Alternative forms of the Value Ratio:Value = Benefits / Expenditure

Value = Function / CostValue = Function + Performance + Quality

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4-5IN0201M01 - Introduction to value management and MoV 5/21 | 17/209


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

What is Management of Value (MoV)? (2/2)


, , ,

Balance between

benefits & expenditure

Balance between stakeholders

Balance between use of resources

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Figure 3.4 – Balancing the variables to maximize value



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

Where use 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


When MoV should be used?

More opportunities early in project lifecycle Figure presenting Project / Programme timing

Qua

ntum

Time

Start up Initiate project Delivery In service

Potential toadd value

Resistance tochange

Cost ofchange

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Figure 1.3 - Timing

IN0102; 0205M01 - Introduction to value management and MoV 10/21 | 22/209


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

Selected MoV benefits (1/2)


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


Selected MoV benefits (2/2)


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


Relationship with other AXELOS Global Best Practices


6

Portfoliomanagement

Portfolio(s) Office

Programmemanagement

Programme(s)Office

Project(s) Office

Projectmanagement

Projectmanagement

Projectmanagement

Man

agem

ent o

f Risk

(M_o

_R)

ITIL

Man

agem

ent o

f Val

ue (M

oV)

RESI

LIA


Relationship with other AXELOS Global Best Practices and Models


10IN0207

The Portfolio, Programme, and Project

Management Maturity

Model (P3M3)

ITILMaturity

Model(IMM)

ITILPortfolio, Programme and Project

Offices(P3O)

Management of Value(MoV)

Management of Risk

(M_o_R)

Best practice guides

AXELOS common glossary

PRINCE2Maturity

Model(P2MM)

Models

(MoP)Management of Portfolios

(MSP)Managing Successful Programmes

(PRINCE2)PRojects IN Controlled Environments

Portfolio Office

Programme Office

Project Office

RESILIA


How MoV fits with other AXELOS Global Best Practice Guides


P3O

MoP

M_o_R

MSP

PRINCE2

ITIL

Value for money in the delivery of IT programmesand 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

MoV in numbers (version 2010)


7

7

7

12

18

1

1

Principles

Processes

Roles

Products

Techniques

Health Check

Maturity Model



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


Q&A



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