Value Management (MoV®)
Management of Value (MoV) provides essential guidance on the most efficient use of resources to maximise the benefits from projects, programme and portfolios. The guidance has evolved from the tried and successful practice of value management across many sectors and over many years. MoV combines a set of principles, processes and techniques with an approach that aligns with Cabinet Office PPM guidance.
The pursuit of obtaining real value for money poses major problems for organizations that need to meet increasing demands to reduce financial resources. The first problem is that assessment of value is subjective and dependent on the needs of the consumer. This problem is not new and maximizing value is rarely done successfully.
- Proposes a definition of value that embraces both monetary and non-monetary benefits
- Provides a method, supported by techniques for allocating scarce funds as effectively as possible.