What is MoV®?
There has probably never been greater pressure on individuals and organizations, in both public and private sectors, to do more and more with less and less. For all organizations, finding the resources to meet essential and, often, escalating demands is putting unprecedented pressure on product and service quality. There is clear need for a way to match what is delivered with the available resources, without undermining essential quality of the outputs and to be able to demonstrate clearly that the decisions taken will maximise value.
Management of Value (MoV®) has evolved from the tried and successful practice of value management across many sectors and over many years. The MoV guidance aligns the established methods with the Cabinet Office Programme and Project Management guidance. The MoV guidance aligns the established methods with Cabinet Office PPM guidance. The guidance describes methods that are not new, but their use is often overlooked or misapplied.
The guidance is intended to help organizations use a successful, proven methodology to supplement their current management practices, so that they can increase the value they deliver and make better use of resources.
The Benefits of MoV
- Enables senior management to maintain or increase benefits
- Helps make better use of resources
- Provides an auditable way to make tough decisions
- Optimises investment costs and long term operating costs
- Encourages innovative solutions.
