The Price is Right AWS
The Price is Right
Suki Jandu Associate Consultant HouseMark
So, what does VFM look like now? And how might it be achieved?
So VFM is synonymous with business effectiveness, and integrated into the business planning cycle But how do you measure VFM?
…some thoughts
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
Suki Jandu Associate Consultant
HouseMark 07791 726059 [email protected] www.housemark.co.uk
34
Suki Jandu Associate Consultant HouseMark
So, what does VFM look like now? And how might it be achieved?
So VFM is synonymous with business effectiveness, and integrated into the business planning cycle But how do you measure VFM?
…some thoughts
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
Suki Jandu Associate Consultant
HouseMark 07791 726059 [email protected] www.housemark.co.uk
34
