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What are the 7 Principles and 7 Processes of Management of Value

The Management of Value (MoV) course helps you understand how to use resources more effectively and get maximum benefits from projects, programmes and portfolios. To get hands-on experience in value management in any industry, you need to consider enrolling for the MoV course.

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What are the 7 Principles and 7 Processes of Management of Value

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  1. What are the 7 Principles and 7 Processes of Management of Value (MoV)? The Management of Value (MoV) course helps you understand how to use resources more effectively and get maximum benefits from projects, programmes and portfolios. To get hands-on experience in value management in any industry, you need to consider enrolling for the MoV course. How does the MoV course help? The purpose of MoV is to maximise value so organisations receive benefits at a more affordable cost with a lower level of risk. This approach enables managers to reduce their costs and speed up delivery without affecting the quality of service. MoV Foundation and Practitioner virtual training course apply to different projects, programmes and operational activities. What are the 7 principles of MoV? At Training Creatively, you will learn that MoV is based on 7 principles extracted from the knowledge, experiences and practices of thousands of value management practitioners. They are: Align with organisation’s objectives: MoV initiatives (each project and programme) must contribute to the achievement of the strategic objectives of an organisation.

  2. Focus on functions and required outcomes: This focuses on those functions (divisions, departments, operating units) that will deliver required outcomes. This helps determine outcomes and prioritises results and benefits so decisions made lead to the achievement of better value for stakeholders. Balance the variables to maximise value MoV identifies key stakeholders and reconciles their different objectives. This helps in balancing benefits among various stakeholder groups and in understanding how the delivery of solutions from initiatives will be utilised by optimising resources. Once you define the needs of key stakeholders, it will become easier to balance these needs within monetary, time, and resource constraints. READ MORE Creative Consulting and Training Ltd Suite 156,Rosden House 372 Old Street London United Kingdom EC1V 9AU +44 0208 500 4534 info@trainingcreatively.com https://www.trainingcreatively.com/

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