Management of Value

 

The concept of value is based on the relationship between satisfyling needs and expectations and the resources

required to achieve them. 

 

"The aim of Value Management is to reconcile all stakeholders' views and to achieve the best balance

between satsified needs and resources." 

 

                                                                                                          Institute of Value Management

 

 

When executing projects, the key objective is to ensure the desired outputs/deliverables result in the realization

of expected benefits.  For programs, the outputs/deliverables from the constituent projects collectively must

achieve the strategic outcomes targeted.  At the Portfolio level, it is essential that the orgnizations can express

its priorities in terms of what will add most value to the organization in pursuit of its strategic imperatives. 

Programs and projects can then be designed and aligned to deliver these priorities.

 

Value Management is the set of principles, processes and techniques used to deliver best value for owners and

end users alike.  It is focused on ensuring that effort (Portfolio, Program, Projects and Lean) manifests itself in results

that meet a need while taking account of/reconciling different stakeholder priorities, needs, organizational priorities

and optimal use of resources available.

 

 

To find out more about the techniques and other elements of Value Management you may wish to visit: https://ivm.org.uk/techniques

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   Value Stream Mapping

 

    Business/Value Case Development

 

    Capability, Feature Modelling

 

    Function Analysis, Workflow Design

 

    Business Process Re-Engineering       

 

    Metrics & Value Indexing

 

    Estimation Techniques 

 

  

            

 

 

 

 

 

 

 

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