logo image

Value Management Process Essay

The value management process involves three phases: The first being the orientation and diagnostic phase, followed by the workshop phase and finally the implementation phase. This order is very specific and is maintained. 1. Orientation and Diagnostic Phase – involves the value managers and the value team preparing for the study. The value managers meet the commissioning clients, the project sponsors and the key stake holders involved in the study. They review documents and the possibilities of conducting interviews or briefings. The approach used includes:- (i) Understanding and structuring value problem in detail.

(ii) The exploration of possibilities of competing value problem (iii) The discussion of promising solutions and exploring the way forward on completion of workshop phase. (iv) Developing and agenda for the workshop phase. (v) Determining the methods and the manner in which the workshop is conducted and ascertained. (vi) Implementation of options and solutions develop from the workshop phase. 2. The Workshop Phase – It involves a forum where through way of consensus or agreement alternative and/or complementary stake holders and multi-disciplinary perspective on the value problem are brought together to explore and reach for a way forward.

A study report and an action plan are produced after the

Need essay sample on "Value Management Process"? We will write a custom essay sample specifically for you for only $ 13.90/page

workshop phase to ensure that solutions and options are implemented in the post workshop phase. 3. The Implementation Phase – Since many projects have a tendency to fail at this stage, the emphasis here is to ensure that this possibility is minimized. The approaches applied here involves:- (i) Implementation meetings and workshops are designed. (ii) An implementation strategy will be discussed with the commissioning clients (iii) Where possible interview and identify those responsible for the implementation within the action plan and the close of the workshop phase.

Can’t wait to take that assignment burden offyour shoulders?

Let us know what it is and we will show you how it can be done!
Sorry, but copying text is forbidden on this website. If you need this or any other sample, please register

Already on Businessays? Login here

No, thanks. I prefer suffering on my own
Sorry, but copying text is forbidden on this website. If you need this or any other sample register now and get a free access to all papers, carefully proofread and edited by our experts.
Sign in / Sign up
No, thanks. I prefer suffering on my own
Not quite the topic you need?
We would be happy to write it
Join and witness the magic
Service Open At All Times
Complete Buyer Protection
Plagiarism-Free Writing

Emily from Businessays

Hi there, would you like to get such a paper? How about receiving a customized one? Check it out https://goo.gl/chNgQy

We use cookies to give you the best experience possible. By continuing we’ll assume you’re on board with our cookie policy