How to Establish a Value Path

 

Details

  • Type:
  • Published:
  • February 21, 2017
  • Author:
  • APQC
  • Pages:
  • 5
  • Price:
  • Member: FREE

Organizations can leverage numerous approaches from the quality discipline to support their process improvement efforts. For the first step in identifying improvement opportunities that align with organizational goals, APQC recommends using the value path tool. 

This tool links process performance, business outputs, and organizational goals in support of value creation. Simply put, a value path ensures a direct link from an opportunity to a goal. Creating a value path is an opportunity for planners and project teams to stop and ask: Which goals/outputs does the improvement opportunity address? What’s the relationship? They can answer these questions by mapping a value chain and ensuring each step has appropriate accompanying measures that align with strategic goals for the organization. 

 

Comments (0)

The content of this field is kept private and will not be shown publicly.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd> <i> <b> <u> <p>
  • Lines and paragraphs break automatically.

More information about formatting options

By submitting this form, you accept the Mollom privacy policy.