In a 3 part interview with Jon Collins, Roger Davies, Managing Director of Impact Dynamics explains how Value Management can help to transform business performance.
Roger Davies talks to Jon Collins about the definition of Value Management, and why it is so important in today's challenging business environment.
Roger Davies talks to Jon Collins about how Value Management can help you to direct, drive and deliver far greater value from change programmes, outlining key steps of the approach.
Roger Davies talks to Jon Collins about the advanced techniques and dynamics tools that enable Impact Dynamics to help you to realise extraordinary value quickly in your own business and repeat success through the highly collaborative action learning approach.
Change programmes in both private and public sectors have a poor record of delivering their intended value. The reasons given most often for their failure include lack of executive support or buy in from key users, loose requirements definition, weak programme management, and plain wishful thinking. They rarely include technical limitations.
Value Management puts forward the view that the true problem lies in failing to understand the causal links between the intended stakeholder outcomes and the actual programme outputs. Repeating the pattern of failure can be avoided by asking two questions:
Value Management: Translating Aspirations into Performance
Published by Gower
Illustrations: Includes 113 black and white illustrations.
Published: October 2011
"Before applying the Value Management approach, we had tried measuring performance indicators but we didn't run our business by them because we weren't convinced we had the key ones. Conversely, the causal approach, in particular dynamics modeling, enabled us to define the most critical drivers of value against which we are now confident we are measuring the right things - the things that really influence the outcomes we want and reflected in our business transformation programme."
Tim Kidd, Operations Director, JANET(UK)
"The book is a great read but, more importantly, conducting Value Management in practise within Logica has been a good business decision and certainly has improved our ability to justify investments and manage the returns."
Roel Wolfert, Global Head of Strategy & Marketing Financial Services, Logica
"The authors have managed to bring logic, insight and practical application together; it's very compelling and an asset for modern leaders of complex change, regardless of industry."
Diahann Williams, Head of Human Resources, Global Supply Chain Service Centre, BAT
"What an amazingly clear way, Roger has, of bringing together a wealth of tangentially related concepts into a consistent and focused "whole" that is easy to go out and implement. Read this book if you have a sense there must be a better way to improve the process you manage, but can't get the practical way to pull it together from reading all the standard management literature. I first met Roger Davies over 30 years ago when he was lapping up some really rather new ideas being offered by the consulting firm I represented. Even then he had a way of re-formulating what we were doing in a way that drove significant value from our ideas even before the paint was dry."
Mark Elder, CEO SIMUL8 Corporation
"This book provides new insights and practical application for Systems Theory and Dynamics Modelling in tackling some of the most important challenges in today's complex business environment."
Joanne Egner, Managing Director, isee systems, inc.
"A very informative read covering a complex but critical subject with significant implications for the modern economy. Having applied this Value Management approach across the Financial Services Sector, I consider that a particularly powerful aspect is the ability to map and quantify revenue benefits. By focusing on business value, competitive advantage can be gleaned from risk management and even regulatory compliance, rather that treating them simply as inescapable cost burdens."
Anita Bradshaw, Lead Consultant, Crowe Horwarth Global Risk Consulting Ltd
"This book adds value to the field of performance management by including Dynamics Modelling and Business Intelligence in the context of value generation. It certainly makes a welcome change from some of the more academic offerings."
Lee Jones Managing Director, Ventana Systems UK Limited
"It is well understood that business success should not be left to chance. Most large organisations are bought into the ideas of business intelligence, in that they can analyse large quantities of data to build a picture of customer behaviour, however many are less au fait with understanding what drives that behaviour from a business dynamics perspective. In this book, Roger Davies not only clarifies the benefits of dynamic business modelling, he also explains in clear terms how to bring the two sets of techniques together, always with one eye on the financial drivers that underpin any organisation. This book is a must-read for any business strategist looking to achieve higher levels of value in their own organisation."
Jon Collins, Founder, Inter Orbis
"The Value Management approach provides a clear and robust framework for assessing the business viability of the key investment decisions that organisations need to make to implement successful business change. I have used this approach successfully in a wide variety of key clients to help shape successful change programmes focused on delivery of business outcomes. Application of the techniques described in this book will elevate business case practice from administrative burden to a pragmatic and useful management toolset focused on genuine delivery of great outcomes."
Martin Prior, Management Consultant, Logica
"This book takes PMO best practices a step further by leveraging the proven V-model, used for critical process validation, and applying it to the financial planning and control functions of programme management. This is an essential read for anyone responsible for delivering benefit and value from change projects."
Andy Jagger, Managing Director, Systems Ability Limited