"Making sense of value" by Michel Thiry
Creatively Balancing Benefits Realization with Risk Mastery to Deliver Value
In this presentation, we will show that Value is the foundation of successful change initiatives which include all the actions that an organisation’s management undertakes to transform it. They may include, programs, projects, innovation and continuous improvement.
The concepts underlying value management have been established by Lawrence (Larry) Miles when he developed Value Analysis and Value Engineering for General Electric in the late ‘40s and early ‘50s. Many disciplines have stemmed from those initial concepts, for example: TQM (Total Quality Management); Lean Management; Six Sigma; Value Management and others.
Initially, value analysis was used to reduce purchasing costs of products by finding cheaper alternatives that would perform the same functions as the original, more expensive product. In the ’60 and ‘70s, Value Engineers defined value as a ratio between quality and cost and later between the satisfaction of the needs of the customer and the resources used to satisfy them.
The VM concept is a basis for many business domains like the ROI (Return vs Investment); SWOT analysis; the Balanced Scorecard; the project management’s Scope and Quality vs Time and Cost; or the program management’s Alignment vs Achievability. We will aim to make sense of these by explaining how value can be defined and mastered.
To support this approach, Benefits Realization Management will be considered as one aspect of the value ratio and Risk (or Achievability) Management as the other aspect of that ratio. The presentation will discuss how:
Sponsors, portfolio, program and project managers will be able to draw practical methods to define, measure and deliver value to the business.
|Ημερομηνία Εκδήλωσης||07-07-2020 20:00|
|Ημερομηνία Λήξης της Εκδήλωσης||07-07-2020 22:00|
|Ημερομηνία Έναρξης Εγγραφών||06-06-2020|
|Ημερομηνία τελευταίας εγγραφής||07-07-2020 15:00|
|Τιμή για ατομική εγγραφή||Δωρεάν|