Management of Value (MoV)

Management of Value (MoV) is a structured process used to improve the worth of a project or service by identifying ways to maximize benefits, reduce costs, and improve quality. It involves analyzing functions and exploring alternative solutions to ensure resources are used efficiently and effectively. MoV helps decision-makers balance costs and benefits, ensuring that investments deliver the best possible value. It’s a proactive approach that encourages innovation and continuous improvement, making sure that organizational goals are achieved in the most beneficial way possible.