New Management of Value Guidance From TSO and Examination From APM Group Will Help Organizations Do More With LessBy Apm Group, PRNE
Tuesday, November 23, 2010
HIGH WYCOMBE, England, November 24, 2010 - APM Group (www.mov-officialsite.com/)
www.apmg-international.com a global examination institute and
accreditation body, has launched a foundation examination to accompany best
management practice (www.mov-officialsite.com/) on Management of Value
(www.mov-officialsite.com/), published by TSO.
The guide and the APM Group foundation examination are aimed
at organisations of all sizes and project and programme managers who wish to
be able to deliver increased benefits, whilst simultaneously reducing or
removing costs - simply put, doing more with less.
At the launch of the publication, which took place at the BIS
Conference Centre in London on November 4th, David Pitchford, Executive
Director, Major Projects Directorate, the Cabinet Office, said, "The
publication of the MoV guidance is very timely and will make a real
difference to organizations that need to deliver increased benefits while
cutting or saving costs. Accountability is key in this current climate - as
professionals we must produce better outcomes."
Michael Dallas, the lead author of the best management
practice guide, explained that MoV enhances competitiveness, productivity and
profitability and it helps organizations eliminate wasteful practices. "MoV
provides a way to cut non essential projects and services. It's got logic and
it's got teeth - it's about maximizing value in line with your objectives and
key stakeholder requirements. It is not simply about minimizing costs,
although it provides an extremely effective way to do this in a targeted and
Dallas explained that value is the ratio between satisfaction
of needs (benefits) and use of resources (expenditure). He said it enhances,
rather than competes with, other management methods that seek to achieve
value. "It does not require more bureaucracy - you can start with two men and
a dog - but management support should be proportionate to the circumstances."
Michael Graham, Chair of Institute of Value Management
Certification Board, said, "The Institute of Value Management would like to
express full support to APM Group for to this very worthwhile Cabinet Office
initiative that we believe is a stepping stone to help public services face
the challenges posed by the Comprehensive Spending Review.
"In our view the Management of Value initiative is wholly
relevant to every type of public service from local and central government,
healthcare and the emergency services. This best management practice guide is
also applicable to the private sector to improve competitiveness. For many
years businesses around the world have used Value Management to strengthen
competitiveness and profitability."
Graham said the IVM's global experience shows substantial
public sector benefit with benefit to programme cost ratios of up to 100 to
1. "For every $1 spent on Value Management, up to $100 benefits are being
secured (see note below). Anecdotal evidence indicates similar returns in
private sector. The launch of this new Management of Value initiative is a
great opportunity for British business and public service organisations to
improve best management practice and boost economic performance by delivering
more bang for the buck," he said.
The new Management of Value training initiative is
administered by APM Group Ltd, the OGC's official accreditation organization
and examiner for Portfolio, Programme and Project Management products.
To further support the initiative, the IVM has decided that
any trainer under the OGC-APM Group system who wishes to give a free copy of
its magazine Value to each of his or her course delegates, will be sent
copies on request to the IVM Secretary.
Rounding off the launch Michael Dallas said, "How can you
afford not to use Management of Value in the current circumstances?"
Note for Editors:
About Best Management Practice
Best Management Practice enables the publication of Best Management
Practice Guidance including PRINCE2(R), MSP(R), P3O(R), M_o_R(R), M_o_P(TM)
About the IVM
The Institute of Value Management (IVM) supports people and organisations
that promote Value Management practice to generate economic advantages
balanced with social and sustainable benefits.
Over the past ten years Value Management Practice in Europe has been
developed under the framework of the European Training and Certification
System which aims to improve practitioner skills in line with the European
The new Management of Value training is consistent with the basic
theoretical knowledge requirements of the European Training and Certification
System that is administered in the UK by the Institute of Value Management.
Advanced training converting knowledge into the practical application of
Value Management and leading to Professional qualifications is delivered by
IVM accredited trainers.
USA Government data reports are available at
Authors of the MoV Guide, Michael Dallas and Stephanie Clackworthy are
past Chairs of IVM.
About APM Group
The APM Group is a global Examination Institute offering
accreditation and certification for knowledge-based workers. Our suite of
certifications includes qualifications for project managers, IT service
managers, risk managers and other knowledge-based workers.
For further information, please contact: Amy Hopkins Itpr Tel. +44(0)1932-578800 Kate Winter APM Group UK Tel. +44(0)1494-452450
Amy Hopkins, Itpr, Tel. +44(0)1932-578800, Kate Winter, APM Group UK, Tel. +44(0)1494-452450
Tags: Apm Group, England, High wycombe, November 24, United Kingdom