Key success factors in achieving the most effective application of Value Management, obtaining stakeholder consensus and securing best value for money, include:

  • use of a prescribed Work Plan
  • an appropriate mix of and commitment by Value Management Study group members, usually stakeholders relevant to the commissioning organisations and the entity under consideration
  • effective management of value management studies
  • senior management commitment and support in the commissioning organisation
  • effective study facilitation by a registered Value Management Study Facilitator
  • follow-up by the commissioning organisation of the actions agreed at the conclusion of the Study