Value judgement

Dallas, Michael

Value judgement - 2006 - Project 18(10) May 2006, 16-17(2) .

Looks at the little understood concept of value management, and considers how it can be integrated with risk management to deliver a better product. Value management enables the definition, measurement and optimisation of value to be assessed, whilst risk management enables investors to take calculated risks to maximise investments. Explains how to calculate the value index, value profile and value deficit of a project.