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The Basic Concepts of True Value Metrics
Table of Contents - Detail

The Basic Concepts of True Value Metrics (TVM) was drafted as a book to describe the main characteristics of TVM. The separate chapters of the book may be downloaded in PDF files. Sections of each chapter may be viewed as webpages.

This file contains the contents of the eight chapters


Contents as PDF

Chapter 1 - Introduction and Context
This chapter sets out to introduce the write, establish his credibility in this subject area and the set the context for the development of True Value Metrics TVM) or something like it. Though the book is very critical of established metrics and global socio-economic performance, the book aims to be optimistic about a future that uses better metrics!

Chapter 1 - Introduction and Context

Chapter 1 as PDF

1-1 About Peter Burgess 5

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1-2 Context … The World We Live In

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1-3 Pursuit of Happiness 12

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1-4 The Sustainable Society 16

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1-5 Why True Value Metrics Is Needed? 20

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1-6 What Impact? 22

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Chapter 2 - How True Value Metrics Improves Quality of Life
This chapter introduces the way TVM puts data at the center of everything, but data that are about value as well as just about money. This chapter introduces the framework for analysis that is used in TVM and how with this framework there can be more decision making utility without catastrophic data overload.

Chapter 2 - How True Value Metrics Improves Quality of Life

Chapter 2 as PDF

2-1 What Is TVM ... True Value Metrics? 28

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2-2 Data and the Decision Cycle 34

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2-3 Structure for Data and Analysis 41

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2-4 Reporting 46

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Chapter 3 - Data Types and Attributes
Data is at the center of TVM, but exactly what data? This chapter describes different characteristics of data that are used by TVM, and the importance TVM puts on knowing about time and place in connection with all the data.

Chapter 3 - Data Types and Attributes 50

Chapter 3 as PDF

3-1 Characteristics of TVM Data 51

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3-2 Basic Dataflow 55

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3-3 Easy Data 60

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3-4 Some Data Distinctions 62

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3-5 Qualitative Information 65

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3-6 Quantitative Information 68

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3-7 Money Numbers 70

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3-8 Value Numbers 74

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3-9 Where … The Spatial Attribute 78

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3-10 When … The Time Attribute 81

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3-11 Source … The Validity of Data 83

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3-12 Other Matters To Consider 85

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Chapter 4 - Analysis Methods
This chapter is about the ways in which TVM data are used in analysis … the importance of the value component as well as the money component. This chapter shows how the basic money accounting framework is used and how a community perspective is different from an organization perspective.

Chapter 4 - Analysis Methods

Chapter 4 as PDF

4-1 Analysis 88

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4-2 Analysis About Cost, Price and Value 91

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4-3 Analysis of the Value Chain 97

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4-4 Sustainability Analysis 103

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4-5 Spatial Analysis 105

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4-6 Time Analysis 106

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4-7 Variance Analysis 108

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4-8 Cause and Effect 111

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4-9 Drill-Down and Roll-Up 114

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4-10 Data for Decisions 119

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4-11 Analysis for Oversight 122

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4-12 Analysis for Planning 125

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4-13 Analysis About Needs 130

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4-14 Analysis About Resources 133

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4-15 Behavior of Cost and Value 137

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Chapter 5 - State, Progress and Performance
This chapter goes into more detail about the three core elements of TVM analysis, the state, the progress and the performance. These are modifications of the core business accounting idea of balance sheet and profit and loss account that enable the value aspect of society to be part of a similar construct.

Chapter 5 - State, Progress and Performance

Chapter 5 as PDF

5-1 State 141

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5-2 Progress 147

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5-3 Performance 152

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5-4 Money Cost / Value Consumption 157

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5-5 Money Revenue / Value Creation 165

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5-6 Money Profit … Value Adding/Destruction 168

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Chapter 6 - Entities for Value Analysis and Reporting
This chapter describes the change in perspective that there is with TVM compared to the organization perspective that dominates business money accounting, and organization centric performance analysis. TVM makes people and the performance of the community central to the metrics.

Chapter 6 - Entities for Value Analysis and Reporting 180

Chapter 6 as PDF

6-1 Where To Engage? 181

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6-2 Communities 183

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6-3 Organizations 189

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6-4 Activities 193

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6-5 Sectors 196

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6-6 Individuals and Families 201

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Chapter 7 - Enabling Technology
This is a short chapter. This chapter does not attempt to describe technology, but merely to alert the reader to the idea that technology is extremely powerful and can enable data analysis in ways that were impossible just a few years ago. It also alerts the reader to some of the issues that are emerging related to information infrastructure.

Chapter 7 - Enabling Technology

Chapter 7 as PDF

7-1 Amazingly Powerful Technology 204

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Chapter 8 - Using True Value Metrics
This chapter is a primer on how TVM can be used by anyone anywhere. For some readers this may be the only chapter they bother with … so it aims to be practical while having enough of the driving concept of TVM embedded in the practical guidance.

Chapter 8 - Using True Value Metrics

Chapter 8 as PDF

8-1 Dataflows From Anyone … Anywhere 210

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8-2 Getting Data About Community 215

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8-3 Establishing Standard Values 223

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8-4 Data About People 224

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8-5 Mobilizing Resources 227

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8-6 Some Last Thoughts 230

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The text being discussed is available at

TrueValueMetrics (TVM) is an Open Source / Open Knowledge initiative.
It has been funded by family and friends plus donations from well wishers who understand the importance of accountability and getting the management metrics right.
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