Key Questions About BVMF®
BVMF® has been developed and refined over the past 25+ years by its author & creator, David P Jacobs.
It now comprises 100 models and 500 techniques (actually Concepts, Principles, Guidelines and Techniques) where these address each main reason/cause for failure of projects and related work to meet expectations.
David has spent 40+ years working in IT and Business as a consultant Analyst.
BVMF® has arisen from REAL situations, by first, second and third-hand experience and has been cross-referenced to all other methods, approaches, frameworks, and practices.
Since 2020, the market interest in BVMF® has surged, given that existing methods still struggle to provide consistent optimal value.
BVMF® supplies a foundation of principles and guidelines that underpins other methods with a relentless and forceful value focused layer, hence, the other methods become hugely more powerful when supported by BVMF®.
Yes, to a great extent.
Although BVMF® was specifically designed for business and organisation-related IT situations, many of the models and techniques will work in other IT and "digital" areas, such as medical, scientific, etc.
We estimate that at least two-thirds, maybe more, of BVMF® will apply.
Absolutely not. In fact, at first, we recommend selective value-targeted use of appropriate models and techniques to highlight and shore up weak spots.
Ultimately, further down the road to success, you may wish to use our Value Capability Improvement Programme (VCIP) to systematically increase your ability to maximise IT business value.
For this, we use our IT Effectiveness Spectrum™ as a yardstick and set of benchmarks. This Spectrum is applied within the compass of our IT Business Value Capability Assessment (ITBVCA)TM which involves answering questions around project and related work practice.
BVMF® consists of 100 models, including the variations; these define the problems and challenges and start answering the questions listed here, at least at macro if not micro level.
The models are supported by 500 techniques, which are things to think about, focus on, and do.
These techniques are referred to as CPGTs, which stands for Concepts, Principles, Guidelines and Techniques.
Most of the above components are arranged into Modules for effective segmentation.
Train your Team in BVMF® and get accredited as a Business Value Maximisation Specialist (BVMS). Consultancy support is also available.
Yes, it can work in isolation, however the more experienced you are and the more you know, the more powerful BVMF® can/will be for you. BVMF® corrects, completes and enhances all these other methods in respect of value maximisation.
BVMF® is aimed at helping any team aware of the fact that 70+% of projects and related work have failed to meet expectations over the last 40+ years. It is no shame to be challenged by the ever-increasing expectations! Try BVMF® and experience for yourself what a vast difference it makes to consistently meeting those expectations, bearing in mind much of BVMF® helps you to align the expectations.
This unique framework, skillset and mindset works to bring all team members together and can be used by Business Analysts, Programme & Project Managers, Change & Transformation professionals, CIOs and SMEs to provide a cohesive team of value producers. One of the many Unique Selling Points of BVMF® is that it is for ALL project team members not just one sub-team such as business analysts or project managers for example.
Helping you to develop a definition of value along with whole team agreement on that definition is the first thing we do in BVMF®. This definition and understanding are 100% essential; we do it using various specially formulated models and techniques.
As with most of the other models, BVMF® provides the framework, you plug in your specific information. We can help you do this using our Value Definition Model (VDefM).
This is the main aim of BVMF® and so is covered by BVMF® as a whole, and especially by such models as the Information Systems Activity/Role Spectrum (ISARS)TM and the various Value Delivery Model variations (VDMs).
This was always one of the main aims of BVMF®, to define the ingredients of value, and so the ingredients of the business value ‘cake’ we show you are listed in the Value Origins, Ingredients & Propensity (VOIP) model. We also expose you to the value cake’s recipe steps showing you what to DO with these ingredients using such models as the Business Value Equation (BVEQ)TM.
Again, at the next level of detail down, making and baking the business value ‘cake’ was a critical aim of our long running R&D programme.
Many of BVMF®’s models and techniques show you how to do this and you will see these on one of our courses.
This is a key question to be answered early on in the project. Many projects have had a tendency to assume one new ‘repeatable’ business process and supporting IT system/s will be a good move. It may not be! Who are you looking to help, how homogenous is the group of such people, etc. These questions must be addressed. And what sort of help are these people looking for? Do these aims concur or conflict!? BVMF® helps with such models and techniques as the Propensity (PROP)TM concept and the various Value Definition Models (VDMs)TM.
BVMF® has many measurement and assessment models and techniques to help you keep on measuring and boosting value. For example, it helps you to equate any less tangible benefits with the more tangible ones. It also does other unusually powerful things for the delight of your CIO and management. Two of these such models and techniques are the Business Value Equation (BVEQ)TM and the Crossword Diagram (CD).
To assess how much value might be possible, in BVMF®, we have a concept called Propensity. This is highly important. If, say, you have already reengineered your business processes to optimality, there won’t be much point in expending effort in that direction. It’s probably more of a question of, say, IT functionality not being what’s needed?! Or, maybe the IT functionality is ok, but it’s the IT technicality that is degrading the power of the functionality. See how BVMF® helps you to whittle down the problem areas and spot the opportunities!
This area of Propensity is covered by the Propensity Concept (PROP) shown in the VOIP model (Value Origins, Ingredients and Propensity).
This important question is covered in the answer above on the Propensity concept, and can be answered using models such as Value Origins, Ingredients and Propensity (PROP/VOIP), Football Team Management (FTM)/Optimal Human-Computer Interactivity (OHCI)TM.
Yes, it does. The answer to ‘Does BVMF® do X?’ when X is anything to do with business value maximisation (BVM) is almost always “Yes”!
Specifically, the Suitability question is addressed by BVMF®’s concept of Representivity (REPR)TM which is an analysis and gradation of Suitability with reasoning included.
Yes, it is essential in a world where value tends to dissipate when left to its own devices, to keep relentlessly and proactively boosting value.
Many models in BVMF® help you do this, particularly the Crossword Diagram Technique (CDT)TM. Repeated use of the Business Value Equation (BVEQ)™ and the scrutiny it helps you to shine on levels and components of value will also bring great benefit.
Yes, BVMF® helps you achieve AND exceed objectives. This is covered by its whole approach and mindset. Also the Concept of Comparatives (COMPs), Less Tangibles (Evaluation) and Predictivity (PREDICT) will help to get that extra value you might as well benefit from given so much effort is going into your projects and related work.
Yes, it will.
BVMF® has the concept of value tagging which can arise when using its Conceptual Units of Benefit (CUB) Ladder and Layers of Focus (LoF)™ models.
You can, to a useful extent, assess the likely value of a piece of process, or a requirement’s fulfilment, etc using these models and techniques.
Much of BVMF® is aimed at continually checking levels of value, diagnosing value loss/wastage and rectifying.
Models relevant here include the Crossword Diagram Technique (CDT)TM and the ABC technique (Assess, Boost, Check) cycle.