Value-Based Management in Government

A new paradigm for generating public sector stakeholder valueGovernment entities have a value problem. Competing demands from taxpayers, oversight committees, legislators, and other stakeholders create tension. That tension often results in chronically underfunded programs that, in the end, fail to meet anyone's needs. Value-Based Management in Government provides a way out of this quagmire. By focusing on the multifaceted value of each management decision, organizations can better prioritize spending and guide the needed balance between available budgets, desired products and services, and acceptable levels of risk.Drawing on their decades of experience consulting for federal, state, and local agencies, the authors present a new public-sector management framework. Inside, readers will discover:* The what, the why, and the how of value-based management (VBM)* Methodology for assessing what disparate stakeholders consider valuable* Concrete performance management, risk management, and management accounting practices that enable a quick shift to VBM* Instructions for successfully implementing activity-based costing/management* Software and database IT tools that can inform and operationalize VBM* Step-by-step change to manage behavior change and generate buy-inWhen organizations adopt the VBM mindset, they can improve outcomes for all stakeholders simultaneously-and lead the way in the evolution of management in government.