Value Management is distinct from other management approaches in that it simultaneously included attributes which are not normally found together. It brings together within a single management system.
Emphasis on Teamwork and Communication
- A focus on procedure and real outcomes rather than describing what things are.
- Providing an atmosphere that encourages creativity and innovation.
- Always focusing on customer's requirements.
- Evaluating options qualitatively to enable robust comparisons of options.
The Strength of the Successful Team
- Teamwork - encouraging people to work together towards a common solution.
- Satisfaction - recognising and giving credit.
- Communication - bringing people together by improving communication between them fostering better common understanding and providing better group decision support.
- Encouraging change - challenging the status quo.
- Ownership - the assumption of ownership of the outcomes of Value Management activities by those responsible for implementing them.
Consideration of External and Internal Environment
- External conditions - taking account of pre-existing conditions external to the organization over which managers may have little influence.
- Internal conditions - within the organization there will be existing conditions which managers may or may not be able to influence
- Degrees of freedom - the external and internal conditions will dictate the limits of potential outcomes and should be quantified
Effective Use of Methods and Tools
- The means of achieving outcomes