There always talk about Focus on Value. But that does that mean? What are the units of measure of Value? What does it Cost to deliver that Value? When will that Value be delivered? When is that Value Needed to meet the business plan that created the need for the Capability? What are the impediments to delivering that Value and how will those be removed, handled, corrected, prevented to increase the probability that the Value will arrive when needed, for the needed cost?
The start to answering these questions and managing in the presence of uncertainty found on all projects start with defining the strategy. That starts with Balanced Scorecard.
For these strategies to work, we need to define the Measures of Effective, Measures of Performance, Technical Performance Measures, and Key Performance Parameters for each of the outcomes that produce Value in exchange for the Cost and Time to produce that Outcome.
