For Strategic Planning, Value Management can

• Test and validate planning assumptions
• Identify and confirm stakeholder values
• Create a shared vision or agreed direction
• Develop alignment to corporate directions
• Establish Master Planning principles and objectives, and
• Define key challenges and strategies

Preserving Process Value by

• Eliminating or reducing deviations in performance
• Maintaining operation effectiveness and efficiency
• Reducing hidden costs (e.g. high transaction costs incurred when changes are made to services, service levels, or demand levels in a trial-and-error manner)
• Publicizing and substantiating hidden benefits (e.g. reduced lock-in through leasing assets rather than buying them)
• Uses of automation, web-based functionality, cloud, support tools, etc. to reduce the cost of providing service, and better allow scalability without commensurate cost increases.

Use Value Analysis to:

·         Test and validate planning assumptions

·         Identify and confirm stakeholder values

·         Create a shared vision or agreed direction

·         Develop alignment to Corporate directions

·         Establish Master Planning principles and objectives, and

·         Define key challenges and strategies