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MoV books

1 Title/current version of MoV books
Management of Value (MoV)

2 The basics of MoV books
MoV helps to:
• Deliver more of the right things
• Reduce the cost of delivery
• Encourage more effective use of available resources

3 Summary of MoV books
MoV was first published in 2010 and answers the question: are
we getting the optimal benefits, at affordable costs, with an
acceptable risk level? The Figure shows that we have to achieve
the optimal balance between all stakeholders’ needs, and the
usage of resources (money, people, time, energy and material).
The greater the benefi ts delivered and the fewer resources that
are used in doing so, the higher the value ratio.

mov

MoV is based on four integrated concepts:
1. Principles (factors that underpin MoV).
2. Processes and techniques: methods and tools used in the
application of MoV.
3. Approach: how to apply MoV in running your business and
changing your business.
4. Environment: how to respond to internal and external
influences.

The seven principles represent the most important factors in
delivering success. The seven principles are:
1. Align with organizational objectives.
2. Focus on functions and required outcomes. Start with the end
in mind. What benefits and outcomes do you need?
3. Balance the variables to maximize value. Understand the
key stakeholder needs and balance these needs to make them
acceptable to everybody. Balance these needs against the use
of resources like money, people, time, energy and material.
4. Apply throughout the investment decision. MoV is applied
during all stages of the change lifecycle.
5. Tailor to suit the subject. The complexity, size, culture,
involved risks, etc. will impact the level of effort needed to
apply MoV.
6. Learn from experience. Do not re-invent the wheel, don’t
stumble twice over one stone. Share, share, and share your
lessons learned.
7. Assign clear roles and responsibilities and build a supportive
culture. If there is no senior management buy-in and there
are no clearly assigned roles and responsibilities it will be a
guarantee for failure.

MoV is achieved in programmes and projects through seven main
(groups of) processes. The seven processes are:
1. Frame the programme or project. Understand the rationale
behind the project or programme and the objectives to be
achieved.
2. Gather information. What are the expectations from the
MoV study, who do we need on the MoV team, who are the
stakeholders, what are their needs?
3. Analyze information. Enrich the gathered information, use
techniques like FAST (see below) to understand the purpose
and analyze alternative ways of performing or delivering the
functions.
4. Process information. The MoV team will use the information
to explore alternatives and create innovative and value-adding
proposals. This could also mean that specific functions that
are not needed will be eliminated (compare the MoSCoW
principle in an Agile approach).
5. Evaluate and select. Here we balance the variables
(stakeholder needs, required resources, benefi ts at affordable
costs) to maximize the value.
6. Develop value-improving proposals.
7. Implement and share outputs. Develop the plan, implement,
monitor progress and gather lessons learned and share.
MoV uses MoV-specific and common techniques such as
Function Analysis System Technique (FAST), Value trees,
Function Cost Analysis and Value Engineering (VE).

4 Target audience of MoV books
PPM community, senior managers and risk (opportunities) and
operational managers.

5 Scope and constraints of MoV books
The scope of MoV is intended for operational activities as well as
programmes and projects.

Strengths
• Embedding the mindset of thinking ‘value’ and reducing
waste
• Increased stakeholder commitment
• More effective use of resources
• Better control over delivery. Projects that do not add value are
cancelled or not started
• Greater responsiveness to a changing environment
• Improvements in return on investments

Constraints / MoV barriers:
• We are already doing okay without it
• I haven’t got the time or the money to spare for this
• There is no benefit for me

6 Relevant website of MoV books
www.axelos.com

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