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The “Value Management Framework” is a system of management practices that organizations can use to bridge the gap between strategy and execution to create measurable and sustainable value.

Performance is not Results

We’re conditioned to think in terms of performance: on time, on budget, and delivered deliverables. While these are vital to any project, they do not ensure benefits are realized.  

RAF employs a benefits realization approach to help its customers attain benefits from strategic initiatives. One key technique to Benefits Realization is modeling.

Modeling

Results Chain is a modeling technique that is used to build simple, but rigorous models of the linkages among four elements of the benefits realization process: outcomes, initiatives, contributions, and assumptions. The resulting model is a logical chain of results which need to be achieved in a defined sequence in order to deliver an overall longer-term objective or goal. The process of developing a results chain promotes discussion, consensus and commitment.

Benefits of the Results Chain

• Executives can see how the ultimate goal is going to be reached through a logical chain of outputs and outcomes and measure progress of the program
• The Program Manager is able to effectively review and prioritize each project and activity against the defined outputs and outcomes identified in each chain
• Managers can locate the critical points in the program and where they will be required to contribute project resources
• Individual staff can see where their project and daily activities contribute to the overall picture as well as how the efforts of other team members fit into the overall picture.