Value Management
Satisfaction
Value Management focuses on the balance between satisfying business needs (such as completing a project) against the recourses used (such as time and cost) to reach the level of such needs. Consequently, greater value is achieved when less resourse is used or the satisfaction of needs is higher.
Performance and benefits optimisation is a core apm objective. Through Value Management we are able offer our clients the ability to maximise overall value by optimising the benefits of investments over their full economic life cycle, at an affordable cost, with an acceptable level of risk.
Throughout the life-cycle of a project, we are able to help our clients to:
- Understand key business needs and client success criteria
- Improve decision-making and risk-mitigation
- Enhance technological and process innovation
- Implement common values: shared ownership, understanding & commitment
- Develop multi-disciplinary teams with improved communication
- Improve products and services
- Reduce capital and business costs
Performance Early Warning
apm implements Value Management as part of its Project Management toolbox in the form of Earned Value Management: the technique targeted at measuring project progress, scope, schedule, and cost in a single integrated system.
EVM ensures that we can quantify the accomplishment of work, and demonstrate value during the progress of a project.
Managing Risk
There is a strong synergy between Value Management and Risk Management due to the inherent uncertainty that exists to some degree in all projects. We integrate Risk Management in order to add value by: (1) promoting better decisions and demonstrating that they are optimal, and; (2) systematically minimising the impact of all risks to the project.
