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by Michel Thiry PhD
A Framework for Value Management Practice - Second Edition
Cover Page
Title Page
Copyright Page
Dedication Page
Table of Contents
List of Figures
Preface
Chapter I: History of Value Management
Theory and Techniques
Value Management Expansion
Establishing Value Analysis/Value Engineering
Certifications
Standards
Chapter II: Theory
Value
What is Value?
What is Good Value?
Types of Values
Value Management
Functions
What is a Function?
Types of Functions
The Team
Composition
Tasks and Responsibilities
The Job Plan
Why a Job Plan?
Examples of Job Plans
Objectives of Each Phase
Traditional VE Job Plan
Where and When to Use Value Management
Chapter III: The Management of Value
Preparation
Identification of the Need
Customer-Oriented Value
The Value Management Team
Creativity
Data Gathering
Cost Techniques
Modeling
Sensemaking
Definition Phase
Function Analysis Phase
Ideation
In Search of the Solution
Creative Thinking Applications in Value Management
Validation/Elaboration
Validation/Elaboration
Classifying and Estimating Proposals
Recommendation and Decision
Recommendations You Can’t Refuse
Types of Presentations
Mastering
Follow Up of Implementation
Chapter IV: Value Management as an OPM Governance Process
The Business Context of VM
Strategic Value Management
Focus on Results
Case Study: Situation
Sensemaking Phase
Step 1: Stakeholder Analysis
Case Study: Stakeholder Map
Case Study: Stakeholder Influence Matrix
Step 2: Functional (Benefits) Analysis
Case Study: Interactors’ Analysis
Case Study: Needs Identification
Step 3: Identification of Critical Success Factors (CSF)
Case Study: Benefits Breakdown Structure
Case Study: Prioritization of CSFs using Paired Comparison
Step 4: Characterization of Critical Success Factors
Ideation
Case Study: Ideation Results for Top Three CSFs
Elaboration
Case Study: Elaboration of Options
Case Study: Weighted Matrix Evaluation of Options
Case Study: Weighted Matrix Analysis
Decision
Using VM to develop the Business Case
Case Study: Business Case
Mastery and Benefits Delivery
Integrated VM
Value Associations
References
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Copyright Page
Project Management Institute
A Framework for Value Management Practice
Second Edition
Michel Thiry, PhD
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