The focus of effort under MoV throughout the lifecycle of an investment decision is to direct requirements for the stage reached

MoV studies should be conducted at all key decision points to check decision making

When starting up a project MoV clarifies the information that is available to assist in the development of a more comprehensive business case

The focus of effort under MoV throughout the lifecycle of an investment decision should be fixed from the start so that value can be measured consistently at each stage

Value Engineering is applied to improve evolving designs and Value Analysis is applied to improve existing products

Value Engineering is applied to manufactured and constructed products and Value Analysis is applied to services and business processes

Value Analysis is applied to determine required cost and performance targets and Value Engineering is applied to realize those targets

Value Analysis and Value Engineering, while similar, differ in that they employ different process steps

It enables the Programme Manager to pass valuable lessons learned during one project on to other projects

It eliminates the need for regular meetings of the Senior MoV Practitioner and Study Leaders

It replaces the need to involve the Project Sponsor in MoV Studies who may be busy

It enables the Programme Manager to report to the Senior MoV Practitioner and MoV Board on lessons learned