What is Value Management?
Value management maximizes value while minimizing costs in any business, project, or organization. It includes strategies and techniques to optimize resources and investments, ultimately leading to better outcomes and higher returns.
Value management is the discipline of providing value to customers while also ensuring that providing value results in profit. This holistic approach will align product management, marketing, sales, pricing, and other business processes.
The value management process consists of three phrases:
- Orientation and diagnostic phase
- Workshop phase
- Implementation phase
The organizational culture and mindset should enable value maximization, governance structures should support value creation and tracking, leadership should focus on and communicate the value creation imperative, and the organization should be changed to support it.
In a Value-Based Management (VBM) approach, your overall goal is to maximize the value of your organization. This means that your decisions today are not simply driven by short-term profit.
CORBEAU will assist in developing your organization’s strategic roadmap, allowing for more discipline in the approach that brings about the needed change, assurances, and communication vehicles between business units and IT. The overall strategy will provide a solid baseline to build upon, knowing it will not collapse under the weight of scalability.
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