Conceptul de management al costului, care în literatura engleză a primit denumirea de Value-Based Management (VBM), s-a format în anii `80-90 ai secolului XX. Conceptul VBM este bazat pe principiul clasic al teoriei economice de „viziune economică” asupra businessului. În limitele VBM scopul principal al companiei este creşterea valorii acesteia pentru proprietari. De aici, toate eforturile companiei sunt orientate spre atingerea lui.

The concept of value management, which in English literature is called Value-Based Management (VBM), was formed in the late 80-90-ies of XX century. The concept of VBM is based on well-known from classical political economic view on the business. Within VBM main financial goal is to increase its value to the owner). Accordingly, all the company's efforts should be directed towards achieving this goal.