A look at Value Management of Projects
Value Management ~ A three day course
- Value lies in achieving a balance between the satisfaction of many differing needs and the resources used in doing so.
- The fewer the resources used or the greater the satisfaction of the need, the greater is the value
- The Concept of Value is a ratio:
"Satisfaction of Needs" / "Use of Resources"
BS-EN 12973-E VM Standard
Value Management is one of the most effective processes to define stakeholders' expectations as well as an efficient problem-solving methodology. It also helps to cut out waste and negative energy.
Aim
To understand Value and Value Management beyond simple techniques and know when to apply it in projects with optimum impact. Gain a greater understanding of how to integrate Value Management within a project budget and programme, how to understand the benefits of Value Management at every stage of a project and be able to comprehend the scope of Value Management Services.
Attendance
The course is recommended for line managers, project and programme managers, as well as personnel working within a project environment who need to understand how to effectively and efficiently manage group decisions and whose projects or programmes place reliance on stakeholder needs. It is recommended for those personnel who add 'value' by participating not necessarily by management.
Topics Covered
- Overview of Value Management
- Teamwork
- Process and Players
- Organisations
- Decision Making
- VM Integration
- The VM Project Process
- Function Analysis and Application
- Strategic Diagnosis
- Continuous Improvement
- ...and much more