Managing value as a management style for projects

Steven Male, John Kelly, Marcus Gronqvist, Drummond Graham

Research output: Contribution to journalArticle

Abstract

Value management (VM) is presented as a methodological management style for enhancing value in projects. It draws together conceptual thinking on the project as a value chain with historical and international developments in value management and value engineering (VE). Lessons are distilled from the authors’ and others published material and from their experience of conducting a diverse range of VM studies across the private and public sectors, at all project stages from inception to operation/facilities management, under all forms of procurement, and more recently as an underpinning in the development of a national asset strategy for the UK’s Environment Agency and for improving property asset management across the central civil government estate for the UK’s Office of Government Commerce. A series of study styles for conducting value management are presented with the potential to take VM to its next stage of development.

Original languageEnglish
JournalInternational Journal of Project Management
DOIs
Publication statusPublished - 1 Feb 2007

Keywords

  • project management
  • value management
  • value engineering

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