Value management is a form of benefits realization.
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.