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MoV® Principles, Processes and Techniques
Based around seven principles, the delivery of Management of Value (MoV®) is through seven key processes and supported by an array of techniques.
Derived from long-standing practice and experience the seven principles represent the factors most instrumental in delivering success. Whilst the application of these principles is not intended to be prescriptive, they are obligatory for good practice in MoV® applications.
MoV® is delivered in programmes or projects through seven groups of processes that are described in more detail in Chapter 3 of https://www.bestpracticebookstore.com/uk. The seven main headings for MoV processes are:
MoV can implement many different techniques. For ease of reference, these are divided into two broad categories:
Techniques that are either unique or core to MoV. These include Function Analysis and the use of Value Trees and derivatives to assess value for money.
Common techniques used in MoV
Techniques commonly used with – but not exclusive to – MoV. For example, Earned Value Management (EVM) is a useful way to measure project performance, but many other guidances, frameworks and methodologies also use it.