AS 4183-2007

1 - AS 4183-2007 VALUE MANAGEMENT
4 - Preface
5 - Contents
6 - Foreword
9 - 1 Scope and definitions
9 - 1.1 Scope
9 - 1.2 Definitions
9 - 1.2.1 Basic function
9 - 1.2.2 Entity
9 - 1.2.3 Essential function
9 - 1.2.4 Function
9 - 1.2.5 Function analysis
10 - 1.2.6 Study
10 - 1.2.7 Study Facilitator
10 - 1.2.8 Supporting function
10 - 1.2.9 Total cost
10 - 1.2.10 Value
10 - 1.2.11 Value Analyst
10 - 1.2.12 Value for money
10 - 1.2.13 Value Management
11 - 1.2.14 Value Management brief
11 - 1.2.15 Value Management Study (or Study)
11 - 1.2.16 Value Management Study Facilitator (or Study Facilitator)
11 - 1.2.17 Work Plan
11 - 1.2.18 Worth
11 - 1.3 Applications of value management
13 - 1.4 Links to other systems and processes
14 - 2 Guiding principles
19 - 3 Value management studies
19 - 3.1 Introduction
19 - 3.2 Prescribed work plan
19 - 3.2.1 General
20 - 3.2.2 Pre-workshop planning
21 - 3.2.3 Workshop
23 - 3.2.4 Post workshop
24 - 3.2.5 Post Study
24 - 3.3 Appropriate mix and commitment of group members
25 - 3.4 Management of value management studies
25 - 3.5 Senior management commitment and support
25 - 3.6 Effective facilitation
26 - 4 Value analysts
26 - 4.1 Application
26 - 4.2 Prescribed work plan
27 - 4.3 Activities
28 - 4.4 Interface with value management studies
29 - 5 Embedding value management
29 - 5.1 Organizational culture and processes
29 - 5.2 Enhancing value management culture
29 - 5.3 Building on existing practices

Defines terms, establishes the essential elements of Value Management and clarifies roles and responsibilities. It provides guidelines for the application of Value Management to products, processes, services, organizations and systems.

This Standard sets requirements for the use of Value Management independent of the specific industry or economic sector in which it is applied. The application of Value Management will be influenced by the varying needs of an organization, its particular objectives, its products and services and the specific processes and systems employed.This Standard may be applied at any point in the life of a product, process, service, system or organization but the maximum benefit is usually obtained by applying Value Management as early as possible. Often, a number of discrete Value Management Studies are carried out at different points in the life cycle.

First published as Joint Standard AS/NZS 4183:1994.
Revised and designated as AS 4183-2007.
Reconfirmed 2018. Originated as AS/NZS 4183:1994. Revised and designated as AS 4183-2007.