What is a primary goal of the Value Management Process?

The primary goal of the Value Management Process is to develop business cases. This process involves identifying, analyzing, and articulating the value that a project or initiative brings to an organization. By constructing robust business cases, organizations can ensure they are making informed investment decisions that align with their strategic goals and priorities. Business cases help demonstrate the potential benefits, costs, and risks associated with a project, which in turn supports effective decision-making and prioritization of resources.

Understanding the value of projects and how they contribute to the organization's objectives is critical for successful resource allocation and stakeholder buy-in. While communicating stakeholder interests, evaluating time allocation, and avoiding project delays are important aspects of project management, they serve as supporting activities rather than the primary focus of the Value Management Process itself. The development of business cases emerges as the centerpiece of value management, as it encapsulates the need to validate and optimize the benefits an organization seeks to achieve from its investments.