Value Management is about delivering more for less. It addresses the fundamental imperative in our current dire economic climate to grow wealth whilst consuming fewer resources and incurring less cost. Value Management is outcome focused, meaning that we are principally concerned with delivering value outcomes, benefits, to key business stakeholders, such as shareholders, customers and staff, in addition to society and the global community as a whole. We define value as the relationship between the benefits realised by a stakeholder and what it costs them. As economics is the study of how wealth is created and distributed, value is the measure of more for less.
Change programs are the most effective vehicles we have for delivering better stakeholder outcomes and cover all types of and sizes of initiatives from continuous operational improvements to complete business transformation portfolios. So more specifically, Value Management provides a strategic framework and practical means to deliver much greater stakeholder value from change programs, innovation, strategic plans, and portfolios of projects.
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