List of Figures

Figure 1.1

Structure of Chapter 1

Figure 1.2

The value ratio. In the equation, the term ‘needs’ includes what is necessary and desired by the user

Figure 1.3

Timing

Figure 1.4

MoV’s relationship with other Best Management Practice guides

Figure 1.5

Comparison of PRINCE2, MoV and MSP principles

Figure 1.6

The structure of this guide

Figure 2.1

Structure of Chapter 2

Figure 2.2

The principles of function diagrams

Figure 2.3

Programme or project stakeholders

Figure 3.1

Structure of Chapter 3

Figure 3.2

Example of a cost distribution histogram

Figure 3.3

Example of an end-to-end project schedule

Figure 3.4

Balancing the variables to maximize value

Figure 4.1

Structure of Chapter 4

Figure 4.2

A customer FAST diagram

Figure 4.3

‘When?’, ‘And’ ‘Or’ FAST diagram connections

Figure 4.4

Function diagram for a government ministry contract (see example in text)

Figure 4.5

Value tree for a new hospital (simplified)

Figure 4.6

Value profile (for the same hospital as Figure 4.5)

Figure 4.7

The value engineering job plan

Figure 4.8

Typical process step

Figure 4.9

Root cause analysis

Figure 4.10

Idea selection matrix

Figure 4.11

Paired comparison matrix

Figure 5.1

Structure of Chapter 5

Figure 5.2

Generic MoV project plan

Figure 5.3

Integrated programme and project plans

Figure 5.4

Relationship between the MoV practitioners and the project team

Figure 5.5

MoV applied at portfolio level

Figure 5.6

Value cascade

Figure 6.1

Structure of Chapter 6

Figure 6.2

Interrelationship between internal and external environments

Figure 6.3

MoV applied at programme level

Figure 6.4

MoV applied at project level

Figure 7.1

Structure of Chapter 7

Figure 7.2

How to introduce and embed MoV

Figure 7.3

A suggested MoV management structure

Figure 7.4

Feedback for improving performance

Figure C.1

MoV maturity histogram

Figure D.1

P3M3 maturity structure

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