In this edition of the practical application of value for money principles Series No 4, the concept of a “sense of Mission” is in our exploration of strategy as a cornerstone of transaction/programme logic in the quest to Do More…
In this discuss, on practical aspect of strategy, we examine the possibility of translating the discussions and knowledge about strategy and strategic objective into practical actions that could drive the success of a programme, company or nation, relying on Jim…
We have in the last two articles taken a studied look at strategic objective and realize that it has to be well rested on a sound Vision and Mission to make any meaning on a project, programme or transaction. Also,…
In our last discussion on strategic objective as the first element of Programme or Transaction Logic, we dealt with the vitality of Vision to a positive and result-oriented Strategic objective. This time, we will be looking at Mission, the second…
The transaction or Programme Logic is fundamental to understanding and evaluating value for money. This is usually made up of strategic objective, input (staff, consultants, raw materials and capital, all ingredients of output), activity or process, output or Result and…
The text below is my opinion/ presentation at the recently held 20th Edition of The Nigeria Oil and Gas Industry Conference , Abuja, Nigeria between July 5-7, 2021. The outline The Nigeria Upstream Cost Optimization Challenge Modern…
Before us today is the third pillar of Value for Money, having dealt with the second in our last treat..Performance measurement and Benchmarking, among others are core to the Value for Money measurement techniques. Performance Measurement provides strategic management post…
8Having considered the 80/20 rule as the first pillar of Value for Money, we will here now examine the second pillar which is Measurement. Measurement of Results is a significant pillar of Value for Money. It is easy to be…
Value for Money operates on established and veritable pillars. Providing it with strong backing, the pillars help to reverse the tide of poor outcomes or performance, low productivity, corruption and fraud, among others and make the way for economic renewal…
It is considered necessary that we examine the three basic elements of Value for Money - Economy, Efficiency and Effectiveness (the three ‘Es’) and as they are applied to enhance the pursuit of Value for Money. Economy, the first of…