This document discusses routes to value analysis and its benefits. It describes defining value for an organization through a goal system and analyzing stakeholders and networks. Routes to value analysis can reduce risk, improve visibility of outcomes, and enhance decision making. It can be used with common project management methods. The document provides examples of applications like value-based contracting and strategy development. It encourages discussing applying these methods to further an organization's strategy, value, ability to change, and success.
8. A goal system that defines what value
means to your organisation
!
• Ensure the most effective
use of resources
• Test alternatives
• Track progress
• Minimise time to value
9. Why Routes to
Value?
A Assignment Confidence
Are these correct?
S Sufficiency Confidence
Are there enough links?
100% 100%
30%
100%
100%
30%
40%
100%100%
100%
100%
50%
50%
50%
50%
80%
20%
40%
60%
A 90%
S 90%
• Uncertainty proves to be the best predictor of outcomes.
• Have your team define their confidence in estimates of outcomes.
• Allocate resources accordingly.
• Decide what adds value at every level.
11. Some applications of
RtV
• Value-based contracting
• Governance of application of public funds
• KPI and balanced scorecard inputs
• SME strategy development and tracking
!
An operating system for the organisation
Justin Hayward, CIR
HVM Graphene+ 2014
Oxford 15 May
www.hvm-uk.com
12. Next steps - we can come and discuss this with you
Applying any of the above methods, RtV,
opportunity prioritisation or impact
assessment to your current strategy will
make management time more
productively used, enhance the business,
its value, its ability to change and its likely
success.
The Routes to Value method comes from
work at IBM and research at Imperial College
cir@hvm-uk.com