Table of Contents

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

Abstract

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.

RECONFIRMATION NOTICE
Major stakeholders of this publication have reviewed the content of this publication and in accordance with Standards Australia procedures for reconfirmation, it has been determined that the publication is still valid and does not require change.
Certain documents referenced in the publication may have been amended since the original date of publication. Users are advised to ensure that they are using the latest versions of such documents as appropriate, unless advised otherwise in this Reconfirmation Notice.
Approved for reconfirmation in accordance with Standards Australia procedures for reconfirmation on 20 July 2018.

Scope

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.

General Product Information

Published
Document Type	Standard
Status	Current
Publisher	Standards Australia
ProductNote	Reconfirmed 27/07/2018. This standard has been reconfirmed in Australia in 2018 and remains current in New Zealand. Reconfirmation Notice 27/07/2018
Pages
ISBN
Committee	OB-006
Supersedes	DR 04443 AS/NZS 4183:1994