Chapter IV
Value Management as an OPM Governance Process
As explained in the previous chapters, value management (VM) is not a “new fad,” but a proven methodology that has evolved from a method formally developed in the late 1940s. In all those years, it has grown from “a problem-solving system to deliver products with appropriate performance and cost” (Miles, 1972) to “a style of management […] with the aim of maximizing the overall performance of an organization” (BSI, 2000). As VM is becoming more and more associated with governance and decision management, it is evolving from a finite methodology to an agile process in which both decision makers and those who will execute the decisions actively participate. In this context, the participants ...
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