Management of Value

The pursuit of obtaining real value for money poses major problems for organizations that need to meet increasing demands to reduce financial resources. The first problem is that assessment of value is subjective and dependent on the needs of the consumer. This problem is not new and maximizing value is rarely done successfully. Management of Value proposes a definition of value that embraces both monetary and non-monetary benefits, and argues that the subjectivity of value increases the need for it to be actively managed. It provides a method, supported by techniques for allocating scarce funds as effectively as possible.

The guidance is structured around principles, themes and processes:
  • The principles are based on tried-and tested practices, and successful value management is unlikely to be achieved if these are not adopted
  • The themes are continuous activities that need to be carried out to ensure the application of the principle delivers the promised value
  • The set of processes define the structure of the approach and use specialist techniques to supplement the business case and provide a practical approach to getting results.

Management of Value Products

Insights

Jul
03
Difference between PMP & PRINCE2
0 comments

The PRINCE2 and PMP certifications involve two different project management frameworks. Both offer a body of knowledge and a proven approach to managing projects effectively. Picking one over the other is a decision that is a function of various factors. The ideal choice should be based on the industry or company you are aiming to build a career in, and the type […]

Jul
03
Difference between PMP & PRINCE2
0 comments

The PRINCE2 and PMP certifications involve two different project management frameworks. Both offer a body of knowledge and a proven approach to managing projects effectively. Picking one over the other is a decision that is a function of various factors. The ideal choice should be based on the industry or company you are aiming to build a career in, and the type […]

Apr
06
Top 4 Reasons Why Package Optimization Also Benefits Your Supply Chain
0 comments

When you’re looking for ways to benefit your company’s supply chain, you probably look for ways to reduce time or costs in various departments. In most cases, this comes down to the way you might ship, store or produce the products you sell. But what about the way you package those products? Product packaging isn’t […]

Spread the love