Management of Value (MoV) Practitioner

Apply Management of Value (MoV) principles, processes and techniques, and advocate the benefits of this application appropriately to the senior Management.

Develop a plan of MoV activities for the whole lifecycle of small and large projects and programs.

Plan an MoV study, tailoring it to particular projects or programs and developing practical study or workshop handbooks as required.

Understand and articulate value in relation to organizational objectives.

Prioritize value drivers using function analysis and use these to demonstrate how value might be improved.

Quantify monetary and non-monetary value using the Value Index, Value Metrics and the Value for Money ratio.

Describe and comment on the application of various techniques relevant to MoV.

Monitor improvements in value realized throughout a project lifecycle and capture learning which can be transferred to future projects.

Offer suggestions and guidance about embedding MoV into an organization, including policy issues, undertake a health check, assess maturity and competence, and provide guidance on typical roles and responsibilities.

Understand and articulate the use of MoV within other Best Management Practice methods and its contributions to them

Organise and contribute constructively to a Management of Value (MoV) Study

Demonstrate a knowledge of MoV principles, processes, approach, and environment

Analyse a company, programme or project to establish its organisational value includes identification and weighting of Value Drivers

Pass the AXELOS Practitioner Examination

Function Analysis

Customer FAST Diagram

Value Tree Development

Weighting Attributes

Paired Comparisons

Developing a Value Profile

Developing a Value Index

Value for Money Ratio

Stimulating Innovation

Value Engineering

Option Evaluation and Selection

Evaluation Matrix

Value and Value for Money

Timing and Planning

Teams and Stakeholders

MoV in the Organization

Integrating with Best Management Practice

Relationship between Process and Approach