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The Basic Concepts of True Value Metrics
Meaningful Metrics for a Smart Society ... updating the TVM archive to suit the 2020s
The Basic Concepts of True Value Metrics
Meaningful Metrics for a Smart Society ... updating the TVM archive to suit the 2020s
The Basic Concepts of True Value Metrics is a book that describes the main characteristics of TVM. The separate Chapters of the book may be downloaded in PDF format for review, discussion and comment. Feedback is very welcome whether by e-mail or using the website feedback routines.
This is a prepublication discussion draft for review and feedback. Your feedback is valuable and will influence the final version. The .pdf files will be updated periodically, so please join our mailing list and be an active contributor to the dialog.
Contents
Download Contents PDF
This PDF contains three sections:
- 1) the Table of Contents at the Chapter level
- 2) A Table of Contents with detail withing the chapters; and,
- 3) a section where each of the chapters are described in a short paragraph of about 50 words
Download Chapter 1 PDF
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 2 - How True Value Metrics Improves Quality of Life
Download Chapter 2 PDF
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 3 - Data Types and Attributes
Download Chapter 3 PDF
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 4 - Analysis Methods
Download Chapter 4 PDF
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 5 – State, Progress and Performance
Download Chapter 5 PDF
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 6 - Entities for Value Analysis and Reporting
Download Chapter 6 PDF
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 7 - Enabling Technology
Download Chapter 7 PDF
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 8 - Using True Value Metrics
Download Chapter 8 PDF
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 1 - Introduction and Context 4
- 1-1 About Peter Burgess 5
- 1-2 Context … The World We Live In 9
- 1-3 Pursuit of Happiness 12
- 1-4 The Sustainable Society 16
- 1-5 Why True Value Metrics Is Needed? 20
- 1-6 What Impact? 22
- 2-1 What Is TVM ... True Value Metrics? 28
- 2-2 Data and the Decision Cycle 34
- 2-3 Structure for Data and Analysis 41
- 2-4 Reporting 46
- 3-1 Characteristics of TVM Data 51
- 3-2 Basic Dataflow 55
- 3-3 Easy Data 60
- 3-4 Some Data Distinctions 62
- 3-5 Qualitative Information 65
- 3-6 Quantitative Information 68
- 3-7 Money Numbers 70
- 3-8 Value Numbers 74
- 3-9 Where … The Spatial Attribute 78
- 3-10 When … The Time Attribute 81
- 3-11 Source … The Validity of Data 83
- 3-12 Other Matters To Consider 85
- 4-1 Analysis 88
- 4-2 Analysis About Cost, Price and Value 91
- 4-3 Analysis of the Value Chain 97
- 4-4 Sustainability Analysis 103
- 4-5 Spatial Analysis 105
- 4-6 Time Analysis 106
- 4-7 Variance Analysis 108
- 4-8 Cause and Effect 111
- 4-9 Drill-Down and Roll-Up 114
- 4-10 Data for Decisions 119
- 4-11 Analysis for Oversight 122
- 4-12 Analysis for Planning 125
- 4-13 Analysis About Needs 130
- 4-14 Analysis About Resources 133
- 4-15 Behavior of Cost and Value 137
- 5-1 State 141
- 5-2 Progress 147
- 5-3 Performance 152
- 5-4 Money Cost / Value Consumption 157
- 5-5 Money Revenue / Value Creation 165
- 5-6 Money Profit … Value Adding/Destruction 168