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Management of Value Book

Paperback Engels 2010 9780113312764
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'Management of Value Management (MoV)' is part of the Global Best Practice suite of publications, which helps organizations and individuals manage their projects, programmes and services consistently and effectively. It is important to note that MoV is as relevant for improving operational efficiency, as it is for portfolios, programmes and projects.

Individuals and organizations, in both public and private sectors, are increasingly trying to do achieve more, with less resource. This publication for senior management and programme, project, change and risk managers, will help to protect the quality of outputs, and demonstrate the value of decisions taken.

MoV complements Portfolio, Programme and Project Offices (P3O),PRINCE2, Managing Successful Programmes (MSP®), Management of Risk (M_o_R) and Management of Portfolios (MoP) by focusing on maximizing value through efficiency, effectiveness and economy. It acknowledges that value is subjective and offers guidance to balance stakeholders' needs and business priorities.

Key benefits:
- Provides guidance on key principles, processes, techniques and approaches for all business environments
- Advises on how to embed MoV into an organization, and assess and improve existing MoV approaches
- Demonstrates how MoV can lead to more efficient delivery, more effective use of resources, improved performance of products and services, and maximized return on investment
- Helps measure and audit value to prove that it has been achieved
This publication is the manual from which the syllabus


Aantal pagina's:153


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List of figures
List of tables

1. Introduction
1.1 Purpose of this guide
1.2 What is value?
1.3 What is management of value?
1.4 Why is MoV important?
1.5 Where and when should MoV be used?
1.6 MoV in relation to other Best Management Practice guidance
1.7 The structure of this guide

2. Principles
2.1 Align with organizational objectives
2.2 Focus on functions and required outcomes
2.3 Balance the variables to maximize value
2.4 Apply MoV throughout the investment decision
2.5 Tailor MoV activity to suit the subject
2.6 Learn from experience and improve
2.7 Assign clear roles and responsibilities and build a supportive culture

3. Processes
3.1 Frame the programme or project
3.2 Gather information
3.3 Analyse information
3.4 Process information
3.5 Evaluate and select
3.6 Develop value-improving proposals
3.7 Implement and share outputs

4. Techniques
4.1 Function analysis
4.2 Function cost analysis
4.3 Value engineering/analysis
4.4 Techniques commonly used in MoV

5. Approach to implementation
5.1 Plan the MoV activities
5.2 Understand and articulate value
5.3 Prioritize value
5.4 Improve value
5.5 Quantify value
5.6 Monitor improvements in value
5.7 Learn lessons

6. Environment: responding to external and internal influences
6.1 External factors
6.2 Internal factors
6.3 Portfolio considerations
6.4 Programme considerations
6.5 Project considerations
6.6 Operational considerations

7. Embedding MoV into an organization
7.1 Introducing an MoV policy
7.2 Roles and responsibilities
7.3 Setting up a plan for implementing the policy
7.4 Introducing training
7.5 Study leader’s handbook
7.6 Data capture and feedback
7.7 Monitoring and measuring the benefits
7.8 Overcoming barriers to embedding MoV
7.9 Avoiding failure

Appendix A: Document checklists
Appendix B: Toolbox
Appendix C: Health check
Appendix D: Maturity and competence


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