Value Management - Scottish Courts Service (SCS)

Summary

The value management has significant importance that cannot be denied in any business project. The value management provides the systematic frame work to the project managers so that they can implement the strategic policies and actions in an appropriate manner. The value management consists of certain steps and stages that the project managers must have to follow. This paper is aimed at discussing the case scenario of the Scottish Court Service that has decided to make the refurbishments in the Curriemuir Sheriff Court. The refurbishment in the court is focused on the implementation of the information technology aspects that will allow the court to carefully watch and monitor and control the evidences of the court trials so as to have to proper and fair decisions of the court. Therefore, in order to initiate the project, the value project managers will have to gather the information regarding all the factors that will be essential for the execution of the project. The paper has also discussed the importance of the value management in the project procedures. The value management steps and stages are also discussed in detail to show that how the value management involves the strategic factors that provides the ultimate success to the project.

Table of Contents

Summary2

Introduction3

Discussion5

The value management5

The value management process6

Stages cycles of the value management7

The detection stage7

The realization stage7

The optimization stage8

Objectives of project value management8

The opportunities for value management in the development of program and the project9

Systematic approach to making explicit the Scottish Court Service (SCS) value system10

Relevance of value management activity to the strategic outline business case10

Conclusion12

References13

Value Management - Scottish Courts Service (SCS)

Introduction

The effective and efficient management of business have significant impact upon the success and growth of the organization. There are various types of management strategies and management principles that are of significant importance to the organizations and businesses. These management principles are applied according to types of business operations. In today's fast pace of competition, the organizations are required to develop strategic course of actions to get the ultimate success and profitability among the competitors in the industry.

The basic goal and objective of every organization is to get the value of the business and projects that it undertakes. The value management is also an important aspect in the business strategies (Jerry K., 2009). The value management is the development and implication of the developed tools and techniques in order to assist the refurbishment needs and requirements of the organization (Roy M. W. and Clive G. D., 2001). The value management aspect provides the effective and efficient strategies and provides the marked concepts regarding values provision. These concepts are devised by recognizing the goals and objectives and values of the customers and by recognizing the benchmark success of the project of the organization (Peter G., 1999). Thus the value management provides a systematic approach and a strategic framework to the project managers according to which the managers carry out their project activities.

The Scottish Court Service (SCS) is the governmental organization that ...