Description: Value-Based Management is a management approach that focuses on maximizing value creation in projects and processes. This approach is based on the premise that value is the primary driver of decision-making and planning. Instead of solely focusing on efficiency or cost reduction, Value-Based Management seeks to identify and prioritize activities that generate the greatest positive impact on business outcomes. This approach involves constant collaboration between development teams and stakeholders, ensuring that customer needs and expectations are integrated at every stage of the process. Key characteristics of this approach include prioritizing tasks based on their value, continuous adaptation to changes in the environment, and measuring success in terms of tangible results. Value-Based Management is particularly relevant in various organizational contexts, where flexibility and responsiveness are crucial for success. By focusing on value, organizations can optimize their resources and improve customer satisfaction, which in turn can lead to sustainable growth and a competitive advantage in the market.
