AXELOS - MoV® - Management of Value - Foundation
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Transcript of 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
M00 - Course introduction 3/12 | 3/209
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
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
M00 - Course introduction 5/12 | 5/209
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
M00 - Course introduction 6/12 | 6/209
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
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
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
M00 - Course introduction 9/12 | 9/209
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
MoV interactive glossary
Course introduction
quizlet.com/42710390/
M00 - Course introduction 11/12 | 11/209
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 …
M00 - Course introduction 12/12 | 12/209
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
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
Capabilities, Outcomes, Benefits and Dis-benefits
Introduction to value management and MoV
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
M01 - Introduction to value management and MoV 4/21 | 16/209
What is Value?
Introduction to value management and MoV
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
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
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
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Figure 3.4 – Balancing the variables to maximize value
M01 - Introduction to value management and MoV 7/21 | 19/209
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
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
Introduction to value management and MoV
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
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
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
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
Relationship with other AXELOS Global Best Practices
Introduction to value management and MoV
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
M01 - Introduction to value management and MoV 14/21 | 26/209
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)
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
M01 - Introduction to value management and MoV 15/21 | 27/209
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 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)
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
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
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Q&A
Introduction to value management and MoV
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