Key Value Metrics - Evidence Based Measures
Hi,
I have looked at the EBM guide for KVA and KVM, however i am struggling to understand how to actually quantify and measure each KVM. Also, how do you best come up with a benchmark figure? If anyone has applied this in practice, please let me know.
Thanks
Hy PA,
I'm no expert in KVA but I know the concept. Making an analogy to try to explain it in my own way, I will to quote the example of the SMART goal.
If you see the "M" of SMART it means Measurable, so how can I measure something using SMART?
The answer for me is , the SMART is a Framework that helps you saying "hey you need to measure", but only with conversation and alignment with the stakeholder, clients and etc that you will have the inputs to create you metric than quantify and measure.
So if I'm not totally wrong on this, the KVA and KVM from EBM will not say to you how to quantify or measure, because it's a framework, you need to find out how is the best way to quantify and measure. The Framework only helps you saying what you need to do , but not how to do it.
Hope I helped, and if I said something stupid, please feel free to correct me :)
I have looked at the EBM guide for KVA and KVM, however i am struggling to understand how to actually quantify and measure each KVM.
I reckon that quantifying the KVM examples provided in the appendix of the EBM Guide would require the involvement of many stakeholders across the enterprise. You'd need access to them and they'd have to be keen to engage. It's not the sort of thing you could figure out on your own and you'd need sponsorship from top-level.
Thank you - very helpful. Once we measure the KVMs, could these all roll up into an agility health index? (Ie: a 1 index score)