When should an organization consider it necessary to establish in-house MoV delivery capability?

Establishing a dedicated in-house Management of Value (MoV) capability is a significant organizational investment in terms of resources, training, and structural change. Such a decision is strategically justified only when the demand for MoV studies becomes substantial and recurrent. If MoV is applied frequently across numerous projects, programmes, or business-as-usual activities, an internal team becomes more cost-effective and efficient than repeatedly engaging external consultants. This scale allows the organization to build and retain valuable knowledge, ensure consistent application of MoV, and integrate it deeply into its culture and processes.

A. Running MoV on a project-by-project basis suggests an ad-hoc or infrequent need, which is better and more economically served by external specialists.

C. A successful third-party procurement demonstrates the value of MoV but does not, in itself, provide the business case for the cost of an in-house team.

D. Broadening internal capabilities is a benefit of having an in-house team, not the primary reason or trigger for establishing one. The need must first justify the investment.

1. AXELOS. (2010). Management of Value. The Stationery Office.

Section 7.4, 'MoV support structures' (Page 88): This section discusses the evolution of MoV support. It states, "As the use of MoV becomes more widespread and frequent, it may be appropriate to establish a more formal support structure, such as a centre of excellence or a value management unit." This directly supports the idea that scale and frequency are the key drivers.

Section 7.4.1, 'Internal versus external resources' (Page 88): The guide explains that for "infrequent use of MoV," external resources are often preferable. This logic directly refutes option A, as project-by-project use is often infrequent. The justification for an internal team is linked to overcoming the limitations of external resources when usage becomes high.