Venkataraman, R., & Pinto, J. (2008). Cost and value management in projects. Retrieved from https://redshelf.com/
Read the following chapters in Cost and Value Management in Projects:
Evans, M. (2013, October 31). Why value propositions are important (and how to create them) (Links to an external site.). Forbes. Retrieved from http://www.forbes.com/sites/markevans/2013/10/31/w…
Concept of Value
Read the Forbes article, “Why Value Propositions Are Important (And How to Create Them) (Links to an external site.).” Based on the content presented in the article, describe a project that you have been involved with, or read about in a business article, that had a clear value proposition for the strategic goals of the organization. What specific items provided the value to the organization, and how was it measured? Comment on additional value that you think could have been added if the project changed specific project elements (like scope, performance, and resource usage or risk management.)
The text describes the key attributes of Value management as management style, positive human dynamics, and consideration of external and internal environment. Provide an example of each of these attributes of VM for a successful project you have been involved with. Which of these attributes do you feel provided the most return in value and why?
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