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Value Optimization for Project and Performance Management

ISBN: 978-0-470-55114-1
336 pages
April 2010
Value Optimization for Project and Performance Management (0470551143) cover image
Discover the proven process for maximizing the potential value of any project.

Showing readers how to apply value optimization techniques to project and performance management, dramatically increasing results and efficiency, Value Optimization for Project and Performance Management is written to compliment the Project Management Body of Knowledge, the guidance published by the Project Management Institute (PMI), making it readily applicable for any project manager.

  • Presents methodology applied with hundreds of clients across a range of industries
  • Filled with practical facilitation and implementation tips
  • Presents a cohesive theory, structured framework, and diverse toolset
  • Walks you through the value optimization process, showing you how to transform the way a product or process is perceived

Brimming with examples, Value Optimization for Project and Performance Management provides a link to a free software demo for you to get started in applying value optimization in your own organization.

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About the Cover.


Chapter 1 Introduction.

Today's Challenges.

Value Methodology.

Why Use Value Methodology?

Project Management and Value Methodology.

Value Methodology and Teamwork.

History of Value Methodology.

SAVE International.

Current VM Applications.


Chapter 2 Value.

The Concept of Value.

Value Theory.

Reasons for Poor Value.


Chapter 3 Value Methodology Job Plan.

The Value Methodology Job Plan.

Value Metrics.


Chapter 4 Preparation.

Preparation Phase.

The Value Team.


Appendix 4A: Case Study.

Chapter 5 Information.

Information Phase.

Gather and Analyze Project Scope and Schedule Information.

Gather and Analyze Project Schedule Information.

Gather and Analyze Project Cost Information.

Life Cycle Costing.

Gather and Analyze Project Risk Information.

Conduct Value Study Kick-Off Meeting.

Conduct Site Visit.


Appendix 5A: Case Study.

Chapter 6 Function.

Function Phase.

Defining Functions.

Classifying Functions.

Evaluating Functions.


Appendix 6A: Case Study.

Chapter 7 Speculation.

Speculation Phase.


Roadblocks to Creativity.

Creativity Techniques.


Appendix 7A: Case Study.

Chapter 8 Evaluation.

Evaluation Phase.

The Evaluation Process.

Evaluation Techniques.

Selecting Ideas for Development.


Appendix 8A: Case Study.

Chapter 9 Development.

Development Phase.

Develop Value Alternatives.

Review Value Alternatives.


Appendix 9A: Case Study.

Chapter 10 Presentation.

Presentation Phase.

Selling Change.

Assess Value – Value Metrics.

Conduct Exit Briefing.

Prepare and Submit Value Study Report.


Appendix 10A: Case Study.

Chapter 11 Implementation.

Implementation Phase.

Managing Change.

Review and Assess Value Alternatives.

Resolve Value Alternatives.

Develop Implementation Plan.

Track and Audit Results.


Appendix 11A: Case Study.

Chapter 12 Value Leadership.

Value Leadership.

Characteristics of Value Specialists.

Value Methodology Professionals.

Professional Standards of Conduct.



Suggested Reading.

About the Author.


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ROBERT B. STEWART,CVS, FSAVE, PMP, is President of Value Management Strategies, Inc., a consulting firm specializing in the application of value methodology to projects and business processes. He has led over 300 value studies for clients in private and public sectors and trained thousands of individuals worldwide in value optimization techniques. He is a Fellow of SAVE International and serves as a Director on the Lawrence Delos Miles Value Foundation, a nonprofit organization established to promote and fund the development of educational programs, new applications, and a research library for the study of Value Methodology (VM).
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