Risk and value management Report Essay Example | Topics and Well Written Essays - 1750 words

Risk and value forethought Report - Essay ExampleValue management helps in create an awareness for value in an organization and also focuses on targets and objectives seeking solutions to function on practical innovative outcomes. In this case, value management would relate to development of value based systems, of aims and methods in the company TechWatt and developing skills and competencies in the mental faculty members.Maximizing potential of a company by developing structures and functions appropriate to the value management principles would also be recommended. The concept of value is dependent on resources and needs of a company and satisfaction of these needs and resources would be dependent on management expressive style, human dynamics and interaction, external and internal environment and effective methods and tools of achieving outcomes. The value management focus on management style highlights the importance of teamwork and communication, creativity, innovation, wit h focus on functional and customer approach and requirements. Considering the need for teamwork and cooperation, cooperative operating principles with enhanced meeting facilities and office space for many members of staff would be an important aspect of value management. Enhancing facilities for interaction and communication among members is very important and could be emphasized. Teamwork, communication as well as external and internal conditions and managers can consider value management perspectives to influence these conditions. However means of achieving this outcome would relate to better business decision making with improved function and products, better competitiveness, value culture and common knowledge, with development of multitask and multidisciplinary teamwork. The benefits of value management with the technological sector as relates to TechWatt would be associated with provision of services in everyday and private sectors. The people who could remain involved in thi s aspect of management