value for money – metrics / practicalities
DESCRIPTION
Value for money – Metrics / practicalities. Mark Stuart 28 March 2012. VFM - catch phrases. “Achieving our business plan objectives in the most cost effective way” “Doing the right things in the right way for the right price”. VFM exercise. - PowerPoint PPT PresentationTRANSCRIPT
Value for money – Metrics / practicalities
Mark Stuart
28 March 2012
VFM - catch phrases
“Achieving our business plan objectives in the most cost effective way”
“Doing the right things in the right way for the right price”
Cost
QualitySatisfaction
0.0
1.0
2.0
3.0
4.0
ELIM VFM
ElimAverage
VFM exercise
Are the three triangle points correct? Should there be four etc?
Which areas/services should smalls compare in this way?
Two groups Housing management / maintenance
1. How should we measure cost? Is it staff costs or should it include something else and if so what?
2. How should we measure quality/performance..is it a basket of indicators? Which ones? New ones?
3. How should we / can we measure satisfaction with the service provided? How do we deal with expectation changes?
VFM – practical ideas
VFM log. Real ideas from real people that make a real difference.
I would like a Skills & Projects searchable database that we could add to.