A framework for value management practice, second edition

[rami1976]

A framework for value management practice, second edition

Author(s)/Editor(s): Michel Thiry | Size: 2.5 MB | Format: PDF | Quality: Original preprint | Publisher: Project Management Institute | Year: 2013 | pages: 180 | ISBN: 9781628250183

For many years, the terms value analysis (VA) and value engineering (VE) have been used alternately, and there is still disagreement on their exact meanings. Their understanding depends, for the most part, on the country or the national association using them. In this book, value management includes both value analysis and value engineering. The worldwide consensus today is to use value management to describe the integrated widespread application of value methodologies. It encompasses function analysis, value engineering, value analysis, value control (validation), and other value techniques. Value management also involves the skills and knowledge needed to manage the value process by applying the correct tools and techniques at the appropriate time, allowing the greatest benefit to the project or program.
It involves the formulation, organization, deployment, and mastery of the activity as well as team preparation

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