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Project Value Statement Event Name: Student/Team ID: Students, with this form you have the opportunity to inform judges of the unique strengths and values of your project. Complete the following prompts

How to fill out project value statement

How to fill out project value statement

1. To fill out a project value statement, follow these steps:
2. Start by clearly defining the project's objective or goal.
3. Identify the stakeholders involved in the project and understand their needs and expectations.
4. Conduct a thorough analysis of the project's scope, requirements, and constraints.
5. Determine the key deliverables or outcomes that the project should achieve.
6. Assess the potential value and benefits the project will bring to the organization or stakeholders.
7. Consider the risks and uncertainties associated with the project.
8. Evaluate the estimated costs and resources required to complete the project successfully.
9. Document all the findings, analysis, and assessments in a concise and structured manner.
10. Review and validate the project value statement with relevant stakeholders.
11. Make necessary revisions and updates based on feedback to ensure clarity and alignment.
12. Communicate the finalized project value statement to all project team members and stakeholders.
13. Continuously monitor and revisit the value statement throughout the project lifecycle to ensure it remains relevant and aligned with changing circumstances.

Who needs project value statement?

1. A project value statement is essential for various individuals and organizations, including:
2. - Project managers: They need a value statement to communicate the purpose, expected outcomes, and benefits of the project to their team members and stakeholders.
3. - Stakeholders: It helps stakeholders understand the rationale behind the project, its potential value, and how it aligns with their needs and objectives.
4. - Decision-makers: Those responsible for approving or funding projects require a value statement to evaluate the potential return on investment (ROI) and feasibility of the initiative.
5. - Project sponsors: Sponsors use the value statement to ensure the project's value aligns with the organization's strategic goals and objectives.
6. - Team members: The value statement provides clarity and direction for team members, helping them prioritize tasks and make decisions in line with the project's value proposition.
7. - External partners or suppliers: They need to understand the project's value and potential benefits to determine their level of involvement and commitment.

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