VALUE MANAGEMENT
Financial Dictionary — Performance & Governance
Definition
Value management is the application of established techniques to help define and improve business needs, delivery strategy and best value concept by defining customer goals and values and defining success criteria for the project.
Detailed Explanation
Value management uses established techniques to define and improve business needs, delivery strategy and best value by clarifying customer goals/values and success criteria.
Common Uses
- Used to explain the concept in accounting and business contexts.
- Used when training staff or documenting procedures and policies.
- Used when training staff or documenting procedures and policies.
Practical Example
- Example: Teams reference **VALUE MANAGEMENT** when defining terms in manuals, policies, or training materials.
Why This Term Matters
- Why it matters: Improves clarity and consistency across documentation and decision-making.