This core guidance from OGC is for the people who are charged with maximizing the value of resources invested to get the best financial and non-financial benefits from programmes and projects. It is aimed at those with responsibility for directing programmes and projects as well as managing them through to delivery. While recognising the subjective nature of value, the guidance includes a workable definition together with a set of principles and themes that underpin the concepts of value management. These are complemented by description of the processes and techniques that provide a practical approach to getting results from managing value.