Figure 1
At the top center, a rectangular title reads “THE WAYS OF VALUE MANAGEMENT IN PROJECTS”. A rounded rectangle labeled “Projects and theirs resources” is positioned at the left center. From this box, two arrows labeled “Heterogeneous Resources” extend rightward: one upward to a rounded rectangle labeled “Project’s Assets” and one downward to a rounded rectangle labeled “Project’s Activities”. From “Project’s Assets”, a right-pointing arrow labeled “FLOW” leads to a rounded rectangle in the upper middle labeled “CREATING VALUE OF KNOWLEDGE IN PROJECTS”. From “Project’s Activities”, a right-pointing arrow labeled “FLOW” leads to a rounded rectangle in the lower middle labeled “CREATING VALUE OF COLLABORATION IN PROJECTS”. A vertical bidirectional arrow connects the two central rectangles. Between these two central rectangles, a vertical circular loop labeled “Idiosyncratic Process of Change” shows interaction with curved arrows pointing upward and downward. From both “CREATING VALUE OF KNOWLEDGE IN PROJECTS” and “CREATING VALUE OF COLLABORATION IN PROJECTS”, right-pointing arrows labeled “Added Value” lead to a vertically oriented, rounded rectangle labeled “VALUE”. Inside this rectangle, a circular arrow loop is labeled “GENERATE VALUE”. From the upper and lower central rectangles, dotted arrows labeled “Inertia” point rightward to bracketed shapes labeled “SLIPPAGE VALUE”, positioned above and below the “VALUE” block. Immediately to the right of the “VALUE” block, a tall vertical rectangle lists “DIFFERENT KIND OF VALUE”, followed by “Economic Value”, “Social Value”, and “Ecological Value”. From this rectangle, a rightward arrow labeled “VALUE IN MARKET” curves upward to an oval labeled “COMPETITIVE ADVANTAGE”, and another rightward arrow leads horizontally to a large oval labeled “BENEFITS (positive effect of change)”. Below the benefits area, a dashed curved arrow points toward a cloud-shaped outline labeled “CAPTURE VALUE”. Along the bottom of the diagram, four horizontal boxes read from left to right: “RESOURCES IN PROJECTS”, “PROCESS VALUE CREATION IN PROJECTS”, “RESULTS OF PROJECTS”, and “EFFECT OF PROJECTS”. At the very bottom, a wide caption reads “SUSTAINABLE VALUE MANAGEMENT BY PROJECTS VALUE CREATING - CONCEPTUAL FRAMEWORK”.Sustainable value management in project value creation: A conceptual framework. Source: Own elaboration