value management – My Blog

What is a project?  It is often stated that value management can only be applied to projects therefore knowledge of what constitutes a project is fundamentally important. A construction project is an example of one of the larger (financially and physically) projects which an organisation or a person will undertake. This discussion addresses the following questions:

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1. What is the definition of a project?
2. Is the guy in Pizza Hut making pizzas engaged in projects?
3. What about the guy restoring a classic car?
4. Or finally the guy emptying parking meters of money?

Do you agree that value management can only be applied once we have defined a project?

What is the difference between strategy, programmes and projects?

Discussion Topic 4

Value is variously expressed; project value, customer value, corporate value, etc.

• Consider an object (note a physical object not another person) which is of special value to you and then express why it is of value.
• Consider a major company (one of which we will all be familiar) and consider its publically portrayed corporate values.  Finally consider how your customer values have changed over time.

• Also analyse differences in perceptions of members of the group.