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| Excerpt from: Value Network Analysis
| | | July 27, 2009 | | Indicators and Metrics for Monitoring and Predicting Performance | One of the most powerful benefits of value network modeling is the ability to monitor, predict and influence performance. Metrics are made simple with the Comprehensive Reports function in the ValueNetwork.com application. In addition to Animations and Detailed Visuals, indicator reports are generated for the Standard Value Network (Role view) and the Collaborative Value Network (Participant view). The text and charts below are drawn from a Standard Value Network (Role-based) Report, using the example of scheduling procedures in a health care organization. For other blogs in this series see the links at the end or simply search "Indicators and Metrics."
Value Creation
The active agents for Value Creation are the Roles in the network. It is useful to look at the capacity for each Role to generate both tangible and intangible value. A decrease over time in value outputs can be an indicator that resource availability or productivity has declined. An increase in value outputs with minimal additional resource demands is an indicator that value productivity is improving. The capacity of a network to generate value depends on good asset utilization - in both financial and non-financial terms.
It is also useful to compare these indicators to Perceived Value in the network. Sometimes Perceived Value actually goes up when there are fewer transactions. That could mean the network is achieving higher level value outputs, even though there may be fewer of them.
The following indicators allows discovery of how well Roles are utilizing their assets to generate value. You can readily see the type of value that is being generated by each role as a percentage of total total deliverables generated by the value network
Average Number of Deliverables per role: 5.63
Other topics in this series: | Topic Tags: capacity, intangible deliverables, roles in the network, tangible deliverables, value creation, value networks | |
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