Value Management Practice

Value Management Practice PDF Author: Michel Thiry
Publisher:
ISBN: 9781880410141
Category : Project management
Languages : en
Pages : 0

Get Book

Book Description
Project managers will enjoy learning more about "value" and "customer" in this breakthrough book. Putting value and customer needs at the center of a project management effort is a key point in the book, and Thiry's well-written Value Management Practice clearly explains how to make it happen. Thiry begins with a short history of value management. During World War II, shortages of critical resources, such as steel and aluminum, forced manufacturers to use available, seemingly inferior, materials and alternate designs. Creativity became key! When the inexpensive products performed better than the originals, value engineering was born. Its goal was to produce top-quality products at reduced cost. By century's end, the field had broadened to become value management, with customer satisfaction as the primary determinant of product quality. This valuable book outlines the scope of practice from which you can learn the principles, concepts, tools, and techniques to create value-added project management. Value integration in project management will enhance your communications and team spirit, increase your knowledge of the project to facilitate decision-making, lead to optimum overall performance with fewer resources, and generally improve your projects and your organization.

Value Management Practice

Value Management Practice PDF Author: Michel Thiry
Publisher:
ISBN: 9781880410141
Category : Project management
Languages : en
Pages : 0

Get Book

Book Description
Project managers will enjoy learning more about "value" and "customer" in this breakthrough book. Putting value and customer needs at the center of a project management effort is a key point in the book, and Thiry's well-written Value Management Practice clearly explains how to make it happen. Thiry begins with a short history of value management. During World War II, shortages of critical resources, such as steel and aluminum, forced manufacturers to use available, seemingly inferior, materials and alternate designs. Creativity became key! When the inexpensive products performed better than the originals, value engineering was born. Its goal was to produce top-quality products at reduced cost. By century's end, the field had broadened to become value management, with customer satisfaction as the primary determinant of product quality. This valuable book outlines the scope of practice from which you can learn the principles, concepts, tools, and techniques to create value-added project management. Value integration in project management will enhance your communications and team spirit, increase your knowledge of the project to facilitate decision-making, lead to optimum overall performance with fewer resources, and generally improve your projects and your organization.

The Standard for Earned Value Management

The Standard for Earned Value Management PDF Author: Project Management Institute Project Management Institute
Publisher: Project Management Institute
ISBN: 1628256397
Category : Business & Economics
Languages : en
Pages : 260

Get Book

Book Description
Earned value management (EVM) is a management methodology for integrating scope, schedule, and resources; objectively measuring project performance and progress; and forecasting project outcome. It is considered by many to be one of the most effective performance measurement and feedback tools for managing projects. The Standard for Earned Value Management builds on the concepts for EVM described in the Practice Standard for Earned Value Management and includes enhanced project delivery information, by integrating concepts and practices from the PMBOK® Guide – Sixth Edition and The Agile Practice Guide. A central theme in this standard is the recognition that the definition for value in EVM has expanded. While the term retains its traditional definition in terms of project cost, it embraces current practice by including the concept of earned schedule. This standard also integrates hybrid methodologies that blend together historical EVM concepts with the needs of the agile practitioner, all with an eye towards aiding the project team in enhancing overall project delivery. This standard is a useful tool for experienced project management practitioners who are seeking to expand and update their knowledge of the field as well as less experienced practitioners who want to learn other approaches for managing project performance. It provides insight and detailed explanations of the basic elements and processes of EVM, and demonstrates how to scale EVM to fit varying project sizes and situations. This standard includes graphical examples and detailed explanations that will enable the reader to establish and implement EVM on projects in almost any environment and of almost every size. When used together with good project management principles, EVM methodology will provide a greater return on any project and results that will directly benefit your organization.

Earned Value Management

Earned Value Management PDF Author: Lingguang Song
Publisher: Project Management Institute
ISBN: 1628251336
Category : Business & Economics
Languages : en
Pages : 92

Get Book

Book Description
Funded by a research grant from Project Management Institute (PMI) and PMI’s College of Performance Management (CPM), this study’s aim is to help project managers better comprehend and gauge the current level of EVM practice and its user base. A key element of the research is a survey of more than 600 project management practitioners, providing a cross-sectional view of the most current EVM practices. To provide practical and meaningful comparison of EVM practice, respondents are classified by industry sector, motivation for EVM usage, organization role, and geographic location.

Framework for Value Management Practice

Framework for Value Management Practice PDF Author: Michel Thiry
Publisher: Project Management Institute
ISBN: 1628251417
Category : Business & Economics
Languages : en
Pages : 150

Get Book

Book Description
A Framework for Value Management Practice—Second Edition begins by providing readers with the background needed to understand the origins of this complex and rapidly evolving practice. The second chapter builds on this foundation, by helping readers understand how the deceptively simple concept of "value" is actually a complex interweaving of factors that include time, people, subject and circumstance. Dr. Thiry then walks the reader step by step through the complexities of different value methodologies. The updated third chapter describes tools and techniques that can be used to achieve the objectives of a value study, including the latest integrative techniques. The fourth chapter, which has been completely rewritten, covers value integration as seen within an Organizational Project Management (OPM) context.

PMP Exam Master Prep

PMP Exam Master Prep PDF Author: Scott Payne
Publisher: PMP Master Prep
ISBN: 9780996340656
Category :
Languages : en
Pages : 350

Get Book

Book Description


Value Management of Construction Projects

Value Management of Construction Projects PDF Author: John Kelly
Publisher: John Wiley & Sons
ISBN: 1118351231
Category : Technology & Engineering
Languages : en
Pages : 581

Get Book

Book Description
Value Management is a philosophy, set of principles and a structured management methodology for improving organisational decision-making and value-for-money. The second edition builds on the success of the first edition by extending the integrated value philosophy, methodology and tool kit to describe the application of Value Management to the areas of service delivery, asset management, and, Programmes, in addition to Projects, products and processes. Value Management is a well-established methodology in the international construction industry, and in the UK has been endorsed as good practice in a range of government sponsored reports. In this book the authors have addressed the practical opportunities and difficulties of Value Management by synthesising the background, international developments, benchmarking and their own extensive consultancy and action research experience in Value Management to provide a comprehensive package of theory and practice. The second edition retains the structure of the first edition, covering methods and practices, frameworks of value and the future of value management. It has been thoroughly updated, and a number of new chapters added to encapsulate further extensions to current theory and practice. In particular, the new edition responds to: A range of recent UK industry and government publications; and most notably BS EN 16271:2012 - Value management: Functional expression of the need and functional performance specification; the imminent update of BS EN 12973:2000 Value Management; BS EN 1325 Value Management -- Vocabulary, Terms and definitions; the changes to "Value for Europe" governing the training and certification of Value Management in European Union countries; the UK Government’s Management of Value (MoV) initiative, together with other leading reports, international guidance and standards on Value Management. Research in Value Management undertaken since publication of the first edition. Changes in Value Management practice particularly in Programmes and Projects. Developments in the theory of value, principally value for money measures, whole life value option appraisal, and benefits realisation. Initiatives in asset management initiatives covering the management of physical infrastructure, for example the recent launch of a suite of three standards under the generic title of BS ISO 55000: 2014 Asset Management, and its predecessor BSI PAS55 2008 "Asset Management: Specification For The Optimized Management Of Physical Assets" The second edition contains a dedicated chapter of exemplar case studies drawn from the authors' experience, selected to demonstrate the new areas of theory and practice. An Appendix includes an extensive set of tools and techniques of use in Value Management practice. Construction clients, including those in both the public and private sectors, and professionals such as construction cost consultants, quantity surveyors, architects, asset managers, construction engineers, and construction managers will all find Value Management of Construction Projects to be essential reading. It will also be of interest to researchers and students on construction related courses in Higher Education -- particularly those at final year undergraduate and at Masters level.

A Practical Guide to Earned Value Project Management

A Practical Guide to Earned Value Project Management PDF Author: Charles I. Budd
Publisher: Berrett-Koehler Publishers
ISBN: 1523097027
Category : Business & Economics
Languages : en
Pages : 326

Get Book

Book Description
The Best Resource on Earned Value Management Just Got Better! This completely revised and updated guide to earned value (EV) project management is the go-to choice for both corporate and government professionals. A Practical Guide to Earned Value Project Management, Second Edition, first offers a general overview of basic project management best practices and then delves into detailed information on EV metrics and criteria, EV reporting mechanisms, and the 32 criteria of earned value management systems (EVMS) promulgated by the American National Standards Institute and the Electronic Industries Alliance and adopted by the Department of Defense. This second edition includes new material on: • EV metrics • Implementing EVMS • Government contracts • Time-based earned schedule metrics • Critical chain methodologies

Value Management in Construction

Value Management in Construction PDF Author: Brian Norton
Publisher:
ISBN: 9780333606261
Category : Construction industry
Languages : en
Pages : 225

Get Book

Book Description
Both the theory of VM and detailed guidance on how to use the methodology in practice.

Practice Standard for Earned Value Management

Practice Standard for Earned Value Management PDF Author: Project Management Institute
Publisher:
ISBN: 9781935589358
Category : Project management
Languages : en
Pages : 0

Get Book

Book Description
Presents basic practice standards for the project management process, covering such topics as organizing a project, developing a schedule, establishing a budget, setting up a performance measure baseline, and analyzing project performance.

Mastering Customer Value Management

Mastering Customer Value Management PDF Author: Ray Kordupleski
Publisher: Customer Value Management I
ISBN: 9781893673076
Category : Consumer satisfaction
Languages : en
Pages : 372

Get Book

Book Description
There is an emerging art and science of customer value management that is proving its worth inincreased market share and shareholder value for the companies that practice it. Customer value management is about: choosing value (determining what customers really value and developing your value proposition ) delivering value (making sure business processes are aligned with value proposition) communicating value (educating the market on your value proposition)The concepts of customer value management and the practical tools that have been developed to support them are the subject of this book.