Value management is a form of benefits realization.
MissionEvaluate projected and realized benefits from major enterprise business transformation investments.
Vision Consistently ensure improved outcomes and the best application of taxpayer dollars for enterprise initiatives.
The Value Management Office (VMO) supports the enterprise by evaluating and reporting on business case investments, projected benefits and program outcomes.
How the VMO collaborates with agency partners on enterprise initiatives:
When engaging with the VMO on enterprise projects, agencies may be asked to complete a baseline for key performance indicators and measures of success.
Key performance indicators and measures are then tracked post implementation to determine if the project goals and benefits are achieved.
If actual benefits do not correlate with expected benefits, key performance indicators and process changes are reevaluated to ensure alignment with the desired end-state.
Information derived from lessons learned is integrated into enterprise learning and is applied to future projects. Agency input into lessons learned is vital data for future projects.
The Value Management Team combines nearly 60 years of public and private sector experience and subject matter expertise to help protect the state's investment in major IT projects and business transformation efforts. In managing the risk of highly visibility technology efforts, the Value Management team brings the right experience and expertise to help client agencies make significant and lasting improvements to their mission critical programs and processes.
We've built a service uniquely equipped to this task and seek opportunities to apply our talents to complex and important challenges facing the state. We have a rigorous understanding of public sector institutional context and dynamics, coupled with a broad and deep understanding of current and legacy technology and management practices.
Additionally, we've developed and made web-accessible tools for sponsors, project managers, and change agents that help them more effectively manage large, complex endeavors. These targeted, accessible tools help agency executives execute the strategy required to improve program and project performance, and achieve important agency goals. This culminated in the Major Project Oversight Policy, released in the summer of 2018.
As a trusted advisor to top management and sponsors, we apply straight talk and are willing and able to have crucial conversations on the progress and success of major technology and business transformation projects. We focus on ensuring projects deliver practical and enduring results to improve state performance and capabilities. As state resources within the Office of Budget and Management, the Value Management team' services are free to client agencies and we serve as neutral, unbiased resources, unhindered by potential conflict of interest or financial motives.
In examining almost 100 large scale state projects during the last 6 years, the Value Management team has identified key indicators of project health and created tools and methodologies agencies can apply to improve the health and performance of high risk projects. Throughout the project lifecycle, we support sponsors and project managers, agency directors and project steering committees by providing timely factual feedback on the health of a project. Through support of the Office of Budget and Management's capital and operating budget processes, the Value Management team helps ensure well-planned and financially supported technology and transformation efforts. When projects encounter trouble, we support and facilitate strategy development to remediate issues, leading to higher levels of success and project completion.
To learn more about our team, download our bios by clicking HERE .