Outline

As defined in "II. Project Management," projects are a value creation undertaking with a specific mission. The specific missions of projects can be defined as provision of specific values to specific stakeholders. Successful termination of a project means that a value the project aimed at has been achieved.

For an enterprise that aims to create something through a project and maintain and develop business, it must recognize what stakeholders, in particular the client, intend to pursue through the project, i.e., what the perceived value is, and how to achieve that value. Management resources such as experience and information are the source of values and abundant sources are the driving force of value creation. There are various processes for converting a value source to a form to provide the value, many examples and knowledge obtained through best practice are useful for this.

Value management refers to a value circulation process where knowledge and experiences deriving from aforementioned typical and project activities of enterprises are accumulated as value sources and are used as feedback for projects (i.e., new value creation). Hereafter are described value management and relevant knowledge by classifying it into three stages: "Value Recognition and Evaluation," "Value Source" and "Value Provision."

Evaluate project values appropriately Convert broad knowledge, experiences and methods to a useful form (value) for projects.

Draw out potential value creation functions and use them as value creation resources.

Business environment

Precedent, preconception, and custom

Performance capability

Legal regulations

Human resources

Quantification of value Maximization of value Reproduction of value Maintenance of value Creation of value

Business environment

Precedent, preconception, and custom

Performance capability

Legal regulations

Human resources

Objective

Quantification of value Maximization of value Reproduction of value Maintenance of value Creation of value

Work process

Value recognition and evaluation

Knowledge management Maintenance Kaizen (improvement) TQM

Technology transfer Guarantee contract Investment collection Environment Service business creation

Results

Clarification of value New business creation Continuation of business Combined effect

• Lesson, knowledge, technique, management method

Knowledge

• Business revenue and expenditure data

database

• Track record on projects and operations

• Organization's experience

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

Get My Free Ebook


Post a comment