Value Management

Value management is a structured approach used to improve the value of a project or product by analyzing its functions and costs. It focuses on maximizing benefits while minimizing expenses, ensuring that resources are used efficiently. This process involves gathering input from stakeholders, identifying essential needs, and exploring alternatives to enhance performance and reduce waste. By prioritizing value, organizations can achieve better outcomes and make informed decisions that align with their goals, ultimately leading to greater satisfaction for customers and stakeholders alike.