The PCV valve is part of the crankcase filter assembly. It's the round thing which is to the right of the fluffy cotton wool filter. It should be stripped and cleaned at the same time as the filter is replaced.
Your blue smoke could also be attributed to the turbo seal letting by slightly more oil than it should. This coats the induction system pipework with a thin film of oil. A small amount of which can build up on the inlet vave and enter the combustion chamber when the engine is started.