Value measuring methodology ( VMM ) is a tool that helps financial planners balance both tangible and intangible values when making investment decisions , and monitor benefits.
15-574: [REDACTED] Look up VMM in Wiktionary, the free dictionary. VMM may refer to: Computing [ edit ] Virtual memory , manager The Windows 9x Virtual Machine Manager (see VMM32 ) Virtual Machine Manager or Virtual Machine Monitor (see Hypervisor ) VAX VMM , an unreleased hypervisor for Digital's VAX hardware. The RedHat Virtual Machine Manager Verification Methodology Manual (see Reference Verification Methodology) vmm:
30-625: A fairly objective and repeatable manner, and review progress using a range of traditional quantitative program management techniques. As well as allowing comparison of different values within a project, the quantitative approach of the VMM permits review of the total contribution to a particular value across a range of projects. VMM was developed by the General Services Administration's (GSA) Office of Government-wide Policy (OGP) in collaboration with Harvard University. The VMM
45-556: A native hypervisor on OpenBSD The .vmm file type, used for 3D movies Other [ edit ] Value measuring methodology in Project Management and Governance Veitch Memorial Medal for contributions to horticulture Vodafone McLaren Mercedes , a motor racing team based England best known as a Formula One constructor Vlaamse Media Maatschappij , a Belgian commercial radio and television provider Virginia Mennonite Missions common abbreviation for
60-487: A native hypervisor on OpenBSD The .vmm file type, used for 3D movies Other [ edit ] Value measuring methodology in Project Management and Governance Veitch Memorial Medal for contributions to horticulture Vodafone McLaren Mercedes , a motor racing team based England best known as a Formula One constructor Vlaamse Media Maatschappij , a Belgian commercial radio and television provider Virginia Mennonite Missions common abbreviation for
75-535: A particular emphasis on information technology investments and the production of OMB-300 exhibits for the US Office of Management and Budget . The introductory document was given the significant title It's Not Just Return on Investment Anymore . The suite of documents from the US CIO Council include the following, which are readily adapted for other countries and non-government organizations: Each of
90-629: Is different from Wikidata All article disambiguation pages All disambiguation pages VMM [REDACTED] Look up VMM in Wiktionary, the free dictionary. VMM may refer to: Computing [ edit ] Virtual memory , manager The Windows 9x Virtual Machine Manager (see VMM32 ) Virtual Machine Manager or Virtual Machine Monitor (see Hypervisor ) VAX VMM , an unreleased hypervisor for Digital's VAX hardware. The RedHat Virtual Machine Manager Verification Methodology Manual (see Reference Verification Methodology) vmm:
105-475: Is different from Wikidata All article disambiguation pages All disambiguation pages Value measuring methodology Formal methods to calculate the Return on investment (ROI) have been widely understood and used for a long time, but there was no easy and widely known way to provide a formal justification for decisions based on intangible values, which can include the reputation of an organization,
120-609: The Middle Magdalena Valley in Colombia Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title VMM . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=VMM&oldid=1248027134 " Category : Disambiguation pages Hidden categories: Short description
135-469: The Middle Magdalena Valley in Colombia Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title VMM . If an internal link led you here, you may wish to change the link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=VMM&oldid=1248027134 " Category : Disambiguation pages Hidden categories: Short description
150-408: The benefits were difficult to assign to "profit centres". The approach of the VMM is to start by developing a framework of values, including costs, risks, tangible returns and intangible returns, then assign scores to each element in the framework. Once the relative scores of the different types of values are assigned and agreed, it becomes possible to examine alternatives and give yes/no decisions in
165-514: The four major steps of the VMM process has tasks and outputs. The breakdown below, and the description of major value factors, is based primarily on the suite of VMM documents from the US Federal Chief Information Officers Council in 2003. Forcing the development of the decision framework, with the assignment of scores to intangibles allowing comparison to other intangibles as well as tangibles, eases
SECTION 10
#1732782828217180-472: The initiative. The same transparency of values apply if the proposal is developed at an enterprise level, or within a lesser organizational unit. Major value factors (from which the value hierarchy is developed) include the following A holistic approach to Capital Investment Planning (CIP), using the portfolio approach, requires a significant amount of supporting documentation. The VMM approach can provide planning data and performance assessment criteria for
195-429: The resolution of differences of perspectives between senior managers (e.g. Chief Financial Officer, Risk Manager, and the proposer of the initiative), allows changes to the scores to flow through to the rest of the process (especially the analysis of alternatives), and provides clarity of benefits to a board (before, during, and after the initiative), and clarity of priorities to people looking after more detailed aspects of
210-618: The wellbeing of staff, or the impact on society or the environment at large. It was particularly difficult for decision makers to work through the trade-offs between costs and intangible benefits, especially for long-term investments by commercial organizations, and for governments and non-profit organizations who are primarily concerned with intangible values without wasting limited funds. Even within commercial organizations, units traditionally viewed as "cost centres" found it difficult to get acceptance of proposals for projects that would lead to general and long-term efficiency or capability gains, as
225-609: Was first articulated in a report by Booz Allen Hamilton in 2002 for the US Social Security Administration, as part of an electronic services project. It was popularized by a suite of documents released by the US Federal Chief Information Officers Council in 2003, which give detailed guidance to agencies helping them to seek funding and plan budgets for their proposals, analyze their investments for values across their portfolio of initiatives, and track both tangible and intangible returns over time, with
#216783