The Price is Right
16/11/2012
The Price is Right
Will Perry Business Development Director, HouseMark
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So, what does VFM look like now? And how might it be achieved?
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So VFM is synonymous with business effectiveness, and integrated into the business planning cycle But how do you measure VFM? …some thoughts
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Success is therefore about • Being clear about the value you produce – objectives • Ensuring the system of value production works: • do the right things and resource appropriately • ensure you have the right assets – physical and human • do things right – efficient and effective delivery • the right tools to evaluate success and apply learning • Which means challenging: • what you do • how much you spend on it • who does it • how you do it and (in particular) the effectiveness of asset management
Reporting – it’s not too difficult… • The OFR is suspiciously similar to the VFM selfassessment • An account of the process is more important than attaching cash values • Quality of governance relationships is key • Use your existing systems, data and reporting • Tell the story of how the Board is enabling an effective social business to generate value
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16/11/2012
Will Perry Business Development Director HouseMark Ltd 07725 203886 [email protected] www.housemark.co.uk @Will_HouseMark totalvfm.co.uk
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The Price is Right
Will Perry Business Development Director, HouseMark
1
16/11/2012
2
16/11/2012
3
16/11/2012
So, what does VFM look like now? And how might it be achieved?
4
16/11/2012
So VFM is synonymous with business effectiveness, and integrated into the business planning cycle But how do you measure VFM? …some thoughts
5
16/11/2012
6
16/11/2012
7
16/11/2012
8
16/11/2012
9
16/11/2012
10
16/11/2012
Success is therefore about • Being clear about the value you produce – objectives • Ensuring the system of value production works: • do the right things and resource appropriately • ensure you have the right assets – physical and human • do things right – efficient and effective delivery • the right tools to evaluate success and apply learning • Which means challenging: • what you do • how much you spend on it • who does it • how you do it and (in particular) the effectiveness of asset management
Reporting – it’s not too difficult… • The OFR is suspiciously similar to the VFM selfassessment • An account of the process is more important than attaching cash values • Quality of governance relationships is key • Use your existing systems, data and reporting • Tell the story of how the Board is enabling an effective social business to generate value
33
11
16/11/2012
Will Perry Business Development Director HouseMark Ltd 07725 203886 [email protected] www.housemark.co.uk @Will_HouseMark totalvfm.co.uk
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