Pat Reed

Enterprise Agile Consultant

[Pat Reed @preed_pat]

Thanks very much! #pmiagile

[Pat Reed @preed_pat]

Forrester has recently published an impressive survey with results from a number of fortune 500 companies #pmiagile

[Pat Reed @preed_pat]

A number of consulting firms are now offering coaching on Value Management and ways to measure value #pmiagile

[Pat Reed @preed_pat]

Intel was the pioneer and their white paper outlines very impressive results #pmiagile

[Pat Reed @preed_pat]

Google Value Engineering Intel to get a copy of their white paper and worksheet; and lots of info on lean value :PMI wiki & google #pmiagile

[Pat Reed @preed_pat]

Also many lean tools like value stream mapping and value flow modelling #pmiagile

[Pat Reed @preed_pat]

Agile Earned Value, Enterprise Value Model, Value Dials, Value Curves, Value Burn up and Burn Down Charts.... #pmiagile

[Pat Reed @preed_pat]

Cool - my pleasure. Intel pioneer the work in Value Engineering #pmiagile

[Pat Reed @preed_pat]

a feature of 10 value points with a 2 point effort would have an overall higher value score #pmiagile

[Pat Reed @preed_pat]

so a feature valued at 20 value points with a 20 point effort would have a lower relative value score #pmiagile

[Pat Reed @preed_pat]

Each needs to be assessed re: value-effort #pmiagile

[Pat Reed @preed_pat]

Not exactly - a feature that has 20 value points is significantly more valuable than one with 10 #pmiagile

[Pat Reed @preed_pat]

By letting them know that its relative (not absolute) to focus on how all of the projects compare re: value decisions #pmiagile

[Pat Reed @preed_pat]

In other words, a relative value of 20 points is not exactly twice as much value as 10 points #pmiagile

[Pat Reed @preed_pat]

Normalizing means across all projects and teams. Relative means interval level statistical measures vs. ratio level #pmiagile

[Pat Reed @preed_pat]

Yes - often over engineering the measures. Best to use relative vs. absolute value (avoid false precision traps) #pmiagile

[Pat Reed @preed_pat]

Value curves overlay the cost burn down or burn up chart to track, manage and make value based decisions #pmiagile

[Pat Reed @preed_pat]

Once you standardize on currency of value points that can be normalized across the portfolio - track with value burnup charts #pmiagile

[Pat Reed @preed_pat]

Value dials are algorithms that standardize measures of value. For example, Value=total $ earned/total $ spent #pmiagile

[Pat Reed @preed_pat]

Starts with defining an organizational value model and drilling down to create value dials and ultimate a value measure #pmiagile