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Value Management Office
About Value Management and Benefits Realization

Value management is a form of benefits realization.

  • It focuses on organizing and managing a project so that the potential benefits of the business transformation or IT project are realized.
  • It aims to ensure the alignment between project outcomes and business strategies.
  • It differs from traditional project management in that it
    • Extends across the lifecycle of an initiative, from conception to implementation and evaluation
    • Helps organizations and project managers ensure achievement of the intended outcome of a program or initiative
    • Measures financial and nonfinancial benefits of initiatives and
    • Looks across agencies and silos to identify enterprise results and efficiency.
About the Value Management Office

Evaluate projected and realized benefits from major enterprise business transformation investments.

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.

The VMO:

  • Provides consultative assistance to agencies and the enterprise
  • Encourages and supports agency focus on the end result of a project
  • Identifies gaps to lessen implementation time for new programs
  • Ensures results are measured and projected benefits are achieved
  • Tracks and reports on actual benefits in relation to projected benefis

How the VMO collaborates with agency partners on enterprise initiatives:

  • Helps define the objectives of a program or project
  • Reviews business cases/project plans and identifies risks
  • Identifies opportunities to reduce waste and improve operational efficiencies
  • Designs measurement systems with key performance indicators
Working with the Value Management Office on Enterprise Projects

When engaging with the VMO on enterprise projects, agencies may be asked to complete a baseline for key performance indicators and measures of success.

  • On enterprise projects, VMO may provide a template of measures and suggested methods of collecting baseline data.
  • As an agency representative, this baseline lets you later see if the results advertised with the enterprise project occur as expected. It can help you in reporting the results of the project to your agency leadership and colleagues.

Key performance indicators and measures are then tracked post implementation to determine if the project goals and benefits are achieved.

  • The post implementation measures are collected on a quarterly basis via the Value Reporting Portal.
  • VMO and agency representatives can monitor their progress against targets, as well as the progress of like agencies.

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.

  • When benefits fall short of expected levels, the Value Management Office facilitates efforts to identify the reason why and helps the agency take corrective action.

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.