1. MoV Management of Value

2. What is MoV (Management of Value) Focuses on improving benefits, reducing expenditure and speeding up delivery. All about maximising value in line with objectives- Not simply about minimising costs. Essential to effective policy making, programmes, projects, service reviews or product redesigns. Vital to Business as Usual and P3M environment, - audit trail of how optimum value has been achieved. 3. Levels of Examination Foundation- Available Practitioner- Planned for the start of 2012MoV Foundation Exam Multiple choice 50 questions per paper 25 marks required to pass (out of 50 available) 50% 40 minutes duration Closed book. 4. Target Audience The PPM community, for whom the guide is aimed at those involved in directing, managing, supporting and delivering portfolios, programmes and projects.Those qualified in MSP/PRINCE2/APMP/ITIL/PMPSenior Management, Programme Managers, Project Managers, Change Managers and Project and Programme Office staff and their sponsors. Risk managers, to enable them to identify and maximise opportunities more effectively. 5. Course Contents Introduction: What is MoV and Why it is needed MoV and its place in OGC Best Practice Principles underpinning MoV Processes and Techniques to be applied when using MoV Approach to implementing MoV Environmental factors influencing and impacting MoV Application of MoV studies in a portfolio, programme and project environment Embedding a culture of MoV in the Examination 6. Market Launched November 2010 First course (CUPE) Jan 2011 Adopted by Government of Malta April 2011 Exams to date approx. 100 (70 were CUPE) 100% pass rate (with CUPE) Market interest increasing 7. Benefits to organisation Better use of resources. Provides an auditable way to make strategic decisions. Optimises investment costs and long term operating costs. Encourages innovative solutions. Enables more efficient delivery by employing fewer resources and using these resources to better effect. Provides a way to define objectives and scope clearly, in terms of the organizations and end users short and long-term needs. Supports decision-making based upon maximizing value for money. Encourages innovation that is well aligned to the organizations goals. Facilitates optimal balance between investment and long-term operating expenditure. Means of measuring and auditing value, taking account of monetary and non-monetary benefits. Enables effective consultation and engagement of stakeholders and end users and reconciles their differing needs. Promotes sustainable decision making, based on adding value, by addressing both monetary and non-monetary factors .