Understanding Business Value in the Context of Projects
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What is business value?
- The total sum of all its tangible and intangible elements of a business. The entire value of the business.
Is business value a concept that is unique to each organization?
What are tangible business elements?
- Physical business assets.
What are intangible business elements?
- Intellectual business assets.
Are good will, brand recognition, public benefit, trademarks, and intellectual property tangible or intangible assets?
Are monetary assets, fixtures, stockholder equity, and business utility tangible or intangible assets?