ABSTRACT
Value management involves thinking which aims at identification and creative solution of problems. This process is organised with the purpose to identify and eliminate unnecessary costs from a project while achieving optimum balance between function and costs. This facilitated creation of a programme and methodology in value management, which improves efficiency and profitability of examined projects. Since value management focuses on an examined project as a whole, decision making process is improved, routine approaches are questioned, realistic budgets for required functions are made, which has a positive effect on project designs while ensuring function. The paper analyzes the value management, it is a special type of management, clearly focused on creating and increasing value for the customer while increasing the value of the company.
