Abstract There is insufficient recognition of the important role that value management has within projects. In the global economy it is difficult to compete, or be viable, if you don’t have high functionality and low cost in the product, or service, to be delivered. A part case study (Hamilton A. Managing for value. Dublin: Oak Tree Press, 1999.) of a project to develop a product, used in low voltage distribution systems, is taken to support the case for a better understanding in integrating value management within the management of projects. Certain tools from value management are presented which when used in the early stages of project development can result in securing the deliverable that will best satisfy the pre-determined requirements.
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