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Project Management, Planning and Control, 7th Edition by Albert Lester

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Chapter 35

Value Management

Abstract

Value management is explained in this chapter as the need to question at every stage – what can be improved and how this can be achieved. The objective is to reduce costs (production and overheads), waste and harmful emissions and improve design, quality, marketability and delivery. Also described is the application of value analysis, value engineering and the use of function analysis.

Keywords

Function analysis; Value analysis; Value engineering; Value management
In a constantly changing environment, methods and procedures must be constantly challenged and updated to meet the needs and aspirations of one or more of the stakeholders of a project. This need for constant improvement ...

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