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

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

Are we maximizing our investments at an affordable cost by removing risk?

Are we maximizing our investments by focussing on minimizing costs?

Are we maximizing our investments at an affordable cost with a known and acceptable level of risk?

Are we maximizing our investments based on all stakeholder requirements?