{"product_id":"value-optimization-for-project-and-performance-management-isbn-9780470551141","title":"Value Optimization for Project and Performance Management","description":"\u003cb\u003eDiscover the proven process for maximizing the potential value of any project.\u003c\/b\u003e \u003cp\u003eShowing readers how to apply value optimization techniques to project and performance management, dramatically increasing results and efficiency, \u003ci\u003eValue Optimization for Project and Performance Management\u003c\/i\u003e is written to compliment the Project Management Body of Knowledge, the guidance published by the Project Management Institute (PMI®), making it readily applicable for any project manager.\u003c\/p\u003e \u003cul\u003e \u003cli\u003ePresents methodology applied with hundreds of clients across a range of industries\u003c\/li\u003e \u003cli\u003eFilled with practical facilitation and implementation tips\u003c\/li\u003e \u003cli\u003ePresents a cohesive theory, structured framework, and diverse toolset\u003c\/li\u003e \u003cli\u003eWalks you through the value optimization process, showing you how to transform the way a product or process is perceived\u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eBrimming with examples, \u003ci\u003eValue Optimization for Project and Performance Management\u003c\/i\u003e provides a link to a free software demo for you to get started in applying value optimization in your own organization.\u003c\/p\u003e \u003cp\u003e(PMI is a registered mark of Project Management Institute, Inc.)\u003c\/p\u003e  \u003cp\u003e\u003ci\u003ePreface ix\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eAbout the Cover xiii\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eAcknowledgments xv\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 Introduction 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eToday’s Challenges 2\u003c\/p\u003e \u003cp\u003eValue Methodology 4\u003c\/p\u003e \u003cp\u003eWhy Use Value Methodology? 5\u003c\/p\u003e \u003cp\u003eProject Management and Value Methodology 7\u003c\/p\u003e \u003cp\u003eValue Methodology and Teamwork 8\u003c\/p\u003e \u003cp\u003eHistory of Value Methodology 10\u003c\/p\u003e \u003cp\u003eSAVE International 13\u003c\/p\u003e \u003cp\u003eCurrent VM Applications 14\u003c\/p\u003e \u003cp\u003eSummary 19\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 Value 21\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Concept of Value 22\u003c\/p\u003e \u003cp\u003eValue Theory 24\u003c\/p\u003e \u003cp\u003eReasons for Poor Value 36\u003c\/p\u003e \u003cp\u003eSummary 46\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 Value Methodology Job Plan 47\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Value Methodology Job Plan 48\u003c\/p\u003e \u003cp\u003eValue Metrics 56\u003c\/p\u003e \u003cp\u003eSummary 58\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 Preparation 59\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePreparation Phase 60\u003c\/p\u003e \u003cp\u003eThe Value Team 78\u003c\/p\u003e \u003cp\u003eSummary 79\u003c\/p\u003e \u003cp\u003eAppendix 4A: Case Study 80\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 Information 87\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eInformation Phase 88\u003c\/p\u003e \u003cp\u003eGather and Analyze Project Scope Information 89\u003c\/p\u003e \u003cp\u003eGather and Analyze Project Schedule Information 91\u003c\/p\u003e \u003cp\u003eGather and Analyze Project Cost Information 94\u003c\/p\u003e \u003cp\u003eLife Cycle Costing 99\u003c\/p\u003e \u003cp\u003eGather and Analyze Project Risk Information 108\u003c\/p\u003e \u003cp\u003eConduct Value Study Kick-Off Meeting 111\u003c\/p\u003e \u003cp\u003eConduct Site Visit 130\u003c\/p\u003e \u003cp\u003eSummary 130\u003c\/p\u003e \u003cp\u003eAppendix 5A: Case Study 131\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 Function 145\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eFunction Phase 146\u003c\/p\u003e \u003cp\u003eDefining Functions 146\u003c\/p\u003e \u003cp\u003eClassifying Functions 150\u003c\/p\u003e \u003cp\u003eEvaluating Functions 155\u003c\/p\u003e \u003cp\u003eSummary 179\u003c\/p\u003e \u003cp\u003eAppendix 6A: Case Study 180\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 Speculation 183\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eSpeculation Phase 184\u003c\/p\u003e \u003cp\u003eCreativity 184\u003c\/p\u003e \u003cp\u003eRoadblocks to Creativity 186\u003c\/p\u003e \u003cp\u003eCreativity Techniques 191\u003c\/p\u003e \u003cp\u003eSummary 196\u003c\/p\u003e \u003cp\u003eAppendix 7A: Case Study 198\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 Evaluation 199\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEvaluation Phase 200\u003c\/p\u003e \u003cp\u003eThe Evaluation Process 200\u003c\/p\u003e \u003cp\u003eEvaluation Techniques 207\u003c\/p\u003e \u003cp\u003eSelecting Ideas for Development 211\u003c\/p\u003e \u003cp\u003eSummary 213\u003c\/p\u003e \u003cp\u003eAppendix 8A: Case Study 213\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 9 Development 217\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eDevelopment Phase 218\u003c\/p\u003e \u003cp\u003eDevelop Value Alternatives 218\u003c\/p\u003e \u003cp\u003eReview Value Alternatives 232\u003c\/p\u003e \u003cp\u003eSummary 233\u003c\/p\u003e \u003cp\u003eAppendix 9A: Case Study 233\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 10 Presentation 247\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePresentation Phase 248\u003c\/p\u003e \u003cp\u003eSelling Change 248\u003c\/p\u003e \u003cp\u003eAssess Value—Value Metrics 251\u003c\/p\u003e \u003cp\u003eConduct Exit Briefing 256\u003c\/p\u003e \u003cp\u003ePrepare and Submit Value Study Report 260\u003c\/p\u003e \u003cp\u003eSummary 260\u003c\/p\u003e \u003cp\u003eAppendix 10A: Case Study 261\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 11 Implementation 269\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eImplementation Phase 270\u003c\/p\u003e \u003cp\u003eManaging Change 270\u003c\/p\u003e \u003cp\u003eReview and Assess Value Alternatives 273\u003c\/p\u003e \u003cp\u003eResolve Value Alternatives 274\u003c\/p\u003e \u003cp\u003eDevelop Implementation Plan 277\u003c\/p\u003e \u003cp\u003eTrack and Audit Results 278\u003c\/p\u003e \u003cp\u003eSummary 278\u003c\/p\u003e \u003cp\u003eAppendix 11A: Case Study 279\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 12 Value Leadership 281\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eValue Leadership 282\u003c\/p\u003e \u003cp\u003eCharacteristics of Value Specialists 291\u003c\/p\u003e \u003cp\u003eValue Methodology Professionals 293\u003c\/p\u003e \u003cp\u003eProfessional Standards of Conduct 295\u003c\/p\u003e \u003cp\u003e\u003ci\u003eSummary 296\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eNotes 299\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eSuggested Reading 305\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eAbout the Author 307\u003c\/i\u003e\u003c\/p\u003e \u003cp\u003e\u003ci\u003eIndex 309\u003c\/i\u003e\u003c\/p\u003e  \u003cp\u003e\"... filled with practical facilitation and implementation tips.\" (\u003cem\u003eGovernment Opportunities,\u003c\/em\u003e May 2010)  \u003cb\u003eROBERT B. STEWART,CVS, FSAVE, PMP\u003c\/b\u003e, is President of Value Management Strategies, Inc., a consulting firm specializing in the application of value methodology to projects and business processes. He has led over 300 value studies for clients in private and public sectors and trained thousands of individuals worldwide in value optimization techniques. He is a Fellow of SAVE International and serves as a Director on the Lawrence Delos Miles Value Foundation, a nonprofit organization established to promote and fund the development of educational programs, new applications, and a research library for the study of Value Methodology (VM).  \u003cb\u003eValue Optimization for Project and Performance Management\u003c\/b\u003e  \u003c\/p\u003e\u003cp\u003eIn late 2008, the world was confronted with the sudden end to the unbridled growth that the global economy experienced earlier in the decade. At the heart of this \"irrational exuberance\" was the delusion that the market could only go up; that growth would be perpetual; that the uncertainty posed by risks could be completely avoided; and that value could be created from nothing. Individuals, organizations, and indeed the global market often behave in a manner that is completely irrational with respect to economic decision-making.\u003c\/p\u003e \u003cp\u003e\u003ci\u003eValue Optimization for Project and Performance Management\u003c\/i\u003e will provide you with a cohesive theory, structured framework, and diverse toolset to apply optimization techniques to dramatically improve project value. Inside, you will discover:\u003c\/p\u003e \u003cul\u003e \u003cli\u003e \u003cp\u003eA methodology that has been used by hundreds of organizations across a wide range of industries\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eThe nine factors that most commonly lead to poor project value\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eTechniques for performance and value measurement\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eThe power of function-driven thinking\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003eInsights on creativity, critical thinking, and idea development—the key ingredients for improving project value\u003c\/p\u003e \u003c\/li\u003e \u003cli\u003e \u003cp\u003ePractical information on the facilitation and implementation of the techniques and processes that are presented\u003c\/p\u003e \u003c\/li\u003e \u003c\/ul\u003e \u003cp\u003eWritten by internationally respected value methodology consultant Robert Stewart, this innovative book authoritatively walks you through the value optimization process using a variety of examples and case studies demonstrating how this process is applied. In presenting the concept of value optimization, the author challenges you to look beyond the traditional indicators of value, price, and customer satisfaction, and instead consider value from the perspective of functions and how they are performed relative to cost, time, and risk.\u003c\/p\u003e  \u003cb\u003ePraise for Value Optimization for Project and Performance Management\u003c\/b\u003e  \u003cp\u003e\"In this book, Rob Stewart has captured the interplay of priority and value optimization in an exceptional way. He has reached beyond a simple mechanical treatment of 'how' to approach value optimization. The book transcends value optimization from an initial concept formed in the labs of GE, where value optimization became an important pursuit, to organizationally enabling value management through teams, development, and implementation, and finally how to lead by value thinking.\"—Dr. Thomas Saaty, University Professor, University of Pittsburgh, and John Saaty, CEO, Decision Lens, Inc.\u003c\/p\u003e \u003cp\u003e\"Rob Stewart's book marks the professionalization of a Value Methodology. He brings theoretical and practical insights from many sources and academic research to move this community from its craft-based origins to a social science focused on innovation and creating added value. This marks a new chapter for Value Engineering and Value Management, especially as more and more organizations adopt projects as the means to implement designs that leverage value. It is a must-read for anyone who needs to find ways to deliver outcomes that increase value with minimal investment of time and money to fund such a search.\"—Dr. Roy Woodhead, HP Transformation Consulting, EMEA Leadership Team\u003c\/p\u003e \u003cp\u003e\"I translated Rob's first book, \u003ci\u003eFundamentals of Value Methodology\u003c\/i\u003e, back in 2005. I initially made the decision to introduce this book in South Korea because of his straightforward and practical approach to value improvement. In his new book, \u003ci\u003eValue Optimization for Project and Performance Management\u003c\/i\u003e, his approach is much more refined and improved. Of special interest to me is his introduction of risk in the consideration of value. I find it ironic that most people think deterministically with respect to the state of a project's performance, cost, and schedule. This book deals with a methodology that considers the uncertainties related to these key factors. I was also very surprised by the author's creativity in incorporating risk into the definition and measurement of value. I think this book is the best one I have seen since I was first introduced to the value methodology. I have not seen an approach to value that is as well described as this. I believe this book will serve as a kind of oasis to those seeking to find a means to improve the value of their projects, products, or services.\"—Dr. Jong-Kwon Lim, CEO, Infra Asset Management Corporation\u003c\/p\u003e \u003cp\u003e\"The text brings the reader up to date on the practice of Value Methodology, as well as the application of Value Metrics that emphasizes the importance of measuring improvements in project performance as being of equal or greater importance than just the realization of cost savings. This book will also become a valuable addition to colleges and universities that are looking for a classroom text or reference on the topic.\"—Ronald J. Tanenbaum, PhD, CVS, PE, GE, FASCE, President, GeoVal, Inc.\u003c\/p\u003e","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990446063845,"sku":"NP9780470551141","price":65.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9780470551141.jpg?v=1761787862","url":"https:\/\/k12savings.com\/es\/products\/value-optimization-for-project-and-performance-management-isbn-9780470551141","provider":"K12savings","version":"1.0","type":"link"}