Here we make it all quite clear - what is ‘value’, what are ‘benefits’ and what needs to be taken into account when measuring the ‘value’ of a project.
If you cannot define a subject it is difficult to obtain agreement and focus. The word ‘value’ is used to mean many different things on different projects. Two or more people in a discussion on ‘value’ can agree wholeheartedly but be thinking of totally different definitions. And the definitions and make up of benefits and value are not that easy.
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