Value-Based Management in Government
Wiley
March 03, 2023
Value-Based Management in Government introduces a new, integrating framework for management practices that optimizes the balancing of results sought; resources supplied and allocated; and risks accepted. These considerations are all balanced for the purpose of delivering maximum stakeholder value. The book offers guidance on how strategic planning, performance management, cost/resource management, and risk management must all be integrated as part of a portfolio management framework across the organization. The book also discusses the role of information technology (IT) in providing data for insights and decision-making, and the importance of organizational change management to implement the needed organizational and behavioral changes.
Beginning by explaining the concept of Value-Based Management for the public sector and government, the text goes on to explore topics such as the evolutionary stages of maturity of management accounting, the benefit of attributes (e.g., value-add versus nonvalue-add) in cost data, predictive planning with expense projections, risk management, and various performance measurements (e.g., key performance indicators [KPIs] ). This authoritative book:
(1) Discusses a framework for balancing and integrating cost, performance, and risk
(2) Explains IT systems integration issues related to activity-based cost management (ABC/M)
(3) Addresses why some ABC/M implementation projects fail to meet expectations
(4) Describes how quality management efforts can be measured in financial terms
(5) Explores the wider uses of predictive accounting (e.g., driver-based budgeting, what-if scenario analysis)
(6) Provides organizational change management insights and recommendations needed to achieve the required changes in management decision-making.
Value-Based Management in Government is an important source of information for leaders, executives, managers, and employee teams working within or with government organizations.
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Tags: Management, Risk Management, Business Strategy
Value-Based Management in Government
Wiley
January 01, 2020
Government entities have a value problem. Competing demands from taxpayers, oversight committees, legislators, and other stakeholders create tension. That tension often results in chronically underfunded programs that, in the end, fail to meet anyone's needs. Value-Based Management in Government provides a way out of this quagmire. By focusing on the multifaceted value of each management decision, organizations can better prioritize spending and guide the needed balance between available budgets, desired products and services, and acceptable levels of risk.
Drawing on their decades of experience consulting for federal, state, and local agencies, the authors present a new public-sector management framework. Inside, readers will discover:
The "what," the "why," and the "how" of value-based management (VBM)
Methodology for assessing what disparate stakeholders consider valuable
Concrete performance management, risk management, and management accounting practices that enable a quick shift to VBM
Instructions for successfully implementing activity-based costing/management
Software and database IT tools that can inform and operationalize VBM
Step-by-step change to manage behavior change and generate buy-in
When organizations adopt the VBM mindset, they can improve outcomes for all stakeholders simultaneously--and lead the way in the evolution of management in government.
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Tags: Business Strategy, Risk Management
Managing Risk and Performance: A Guide for Government Decision Makers.
Wiley
February 10, 2014
Federal agencies increasingly recognize the importance of active risk management to help ensure that they can carry out their missions. High impact events, once thought to occur only rarely, now occur with surprising frequency. Managing Risk in Government Agencies and Programs provides insight into the increasingly critical role of effective risk management, while offering analytical tools and promising practices that can help improve the quality of risk management in government organizations.
Includes chapters that contribute to the knowledge of government executives and managers who want to establish or implement risk management, and especially Enterprise Risk Management (ERM), in their agencies
Features chapters written by federal risk managers, public administration practitioners, and scholars
Showing government officials how to improve their organization's risk management capabilities, Managing Risk in Government Agencies and Programs meets a growing demand from federal departments and agencies that find themselves increasingly embarrassed by risky events that raise questions about their ability to carry out their missions.
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Tags: Risk Management
