Provides step-by-step guidance on implementing and using a value-based
management system within the government
Countless books on proposed management practices have been written and
published over the past century. Some of these have focused on specific
management practices for government. In more recent decades, the topics
of strategic planning, performance management, cost management and risk
management have been extensively covered. However, little has been
offered as an approach to integrate these and numerous other management
methods and practices in a manner that maximizes the delivery of value
to the organization's key stakeholders. A general management framework
is presented in this book in a manner particularly applicable to
government organizations.
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:
- Discusses a framework for balancing and integrating cost, performance,
and risk
- Explains IT systems integration issues related to activity-based cost
management (ABC/M)
- Addresses why some ABC/M implementation projects fail to meet
expectations
- Describes how quality management efforts can be measured in financial
terms
- Explores the wider uses of predictive accounting (e.g., driver-based
budgeting, what-if scenario analysis)
- 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.
