Optimise value! All part of the equation
A value-focused project is oriented around The Value Equation™ that explains how value is defined, planned for, realised and measured. Most projects fracture the Equation, leaving a large gap between what the project delivers and what is required to realise the value. Through this gap, our research has found, between 50-70% of each project’s value is lost. This may sound extreme, but even if you accept only a 20% value loss this is still significant. And avoidable.
The Value Equation™ helps you to:
- Maximise your project’s potential value - our research found more than 25% of each project’s value was usually left ‘on the table’
- Verify your project’s value proposition - each benefit claimed and value computed can be validated, tracked and measured
- Communicate your project’s objectives - in terms everyone can easily understand at both the conscious and non-conscious levels
- Easily govern your project - with clear ‘outcome’ objectives, measurable actions and ongoing project viability tracking
- Strategically align your project - directly linking your desired business outcomes with your strategic goals and intent
- Focus all of your stakeholders - onto the delivery and realisation of the maximum value.
Focus wins. It’s that simple.
An end state whose realisation can be simply measured, by anyone WITH A TRUE/FALSE QUESTION. This clarity ensures no confusion as to achievement. Our Desired Business Outcomes are the primary measure of business success, and Project Outcomes the primary measure of a (change) project’s success.
An organisational attribute consisting of necessary people (with the requisite competencies), plus management (direction, structures, measures, controls, etc), plus organisational infrastructure (policies, processes, systems, etc).
The beneficial result of the delivery of one or more outcomes. All benefits are measurable and verifiable, but only some are quantifiable.
Narrowly, is the quantifiable value of a benefit (usually in financial terms). Broadly, a project’s inclusive statement for outcomes, benefits and (quantified) value, plus the projects strategic contribution.
An individual attribute of consisting of knowledge, training, experience, aptitude and attitude – possession of the requisite skills and how to apply them effectively.
