The Management of Value (MoV) framework is centered on maximizing value, defined as the relationship between the satisfaction of needs and the use of resources. This requires balancing stakeholder needs, aligning resource use with organizational priorities, and optimizing the ratio of benefits to resources. While balancing capital expenditure (CapEx) and operating expenditure (OpEx) is a valid financial management activity that can be part of a value analysis, it is not considered a primary or fundamental balancing act within the core MoV framework itself. MoV is concerned with the total resources used over the whole life of a project or service, rather than the specific accounting classification of those costs.

A. Reconciling stakeholder needs is fundamental to MoV, as different stakeholders define value differently; a balance must be struck to achieve a common understanding.

C. MoV explicitly requires balancing resource allocation against organizational priorities to ensure that limited resources are applied where they will generate the most value.

D. This is the core definition of value in the MoV framework (Benefits vs. Resources), making the balancing of these two elements the central purpose of the methodology.

1. AXELOS, Management of Value (MoV) Guide, 2010 Edition.

Page 11, Section 2.2, What is value?: Defines value as "the ratio of satisfaction of needs to the use of resources." This directly supports the concept in option D as the fundamental balance.

Page 17, Section 3.2, Principle 2: Align with organization's objectives: "MoV activities must be aligned with the organization's strategic objectives... This ensures that the use of resources is focused on the organization's priorities." This supports the balancing act described in option C.

Page 41, Section 4.4.1, Stakeholder analysis: The guide emphasizes the importance of understanding and managing different stakeholder perspectives to define what is valuable, which directly relates to the reconciliation mentioned in option A.

Page 100, Section 9.3.5, Cost estimating: Capital and operating costs are discussed as components of whole-life costing, a technique used within MoV. However, the framework does not present the balancing between these two cost types as a primary area of balance, unlike the concepts in A, C, and D which are foundational principles.