A Framework for Value Management Practice


pmwj20-mar2014-gan-IMAGE1 BOOKBook Title:  A Framework for Value Management Practice
Author:  Michel Thiry, PhD
Publisher:  Project Management Institute, Inc.
List Price:   $29.95
Format:  soft cover; 169 pages
Publication Date:   2013     ISBN: 9781628250183
Reviewer:      Johnny Gan
Review Date:              January, 2014

Introduction to the Book 

When we assign a job to the project team, mostly, the team member will ask us the same question: is that worth to do that? Exactly, if we did not find out this answer, the team morale will be effected, and during the project, they will ask this question again and again,  because the team do not feel comfortable if they think the job is no value or low value, or meaningless.

Actually, failure to realize value is usually caused by a lack of an adequate level of performance in many areas:

(Note: all figures if not specify the source are from this book.)

So if we did not show the value of the project at the beginning, your project may be failed with high possibility. A Framework for Value Management Practice is the right book to help us to dig out the value of the project, and when and where to use value management.

The first edition of this book was published in 1997, and because Value Management (VM) practice has evolved into many different areas since the first edition was written, the author, Michel Thiry, PhD re-wrote this book and which is the second edition of this book with newest value management practice.


To read entire Book Review (click here)

Editor’s note:  This book review was the result of cooperation between the publisher, PM World and the Dallas Chapter of the Project Management Institute (PMI Dallas Chapter – www.pmidallas.org). Publishers provide the books to PM World; books are delivered to the PMI Dallas Chapter, where they are offered free to PMI members to review; book reviews are published in the PM World Journal and PM World Library.  PMI members can receive PDUs for PMP recertification by reviewing PM books.  PMI Dallas Chapter members are generally mid-career professionals, the audience for most project management books.  If you are an author or publisher of a project management-related book, and would like the book reviewed through this program, please contact [email protected]. 

About the Reviewer

flag-chinajohnny ganJohnny Gan, PMP 

Texas, USA 

Johnny Gan had many years of software R&D experience at HRsmart.com (http://www.hrsmart.com/), and now is working as consultant at Yoh (http://www.yoh.com/) Company. Mr. Gan received his MS degree from Southern Methodist University in Dallas, Texas, USA, and is also certified by the Project Management Institute as a Project Management Professional (PMP®).  He has been an active member of PMI for several years. Johnny can be contacted at [email protected] .

To see other book reviews by Johnny Gan, visit his author showcase in the PM World Library at http://pmworldlibrary.net/authors/johnny-gan/