Value-Based Decision Making 

EXECUTIVE WHITEPAPER

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At the core of the ISO 55000 asset management standard is the concept that assets exist to generate value for the organization and its stakeholders. Value-based decision making (VDM) is an approach that helps organizations align decisions to realize the most value from their assets. 

In a nutshell, Copperleaf’s VDM approach first involves developing a value framework to comprehensively assess the benefits of every investment under consideration. This framework is then used to assess all investments using a common scale so that trade-off decisions can be made with confidence.

Download this white paper to learn how value-based decision making can help you:

  • Consistently and fully assess the benefits of any project or investment—based on economics and risk
  • Align decision making to your company’s evolving strategic objectives
  • Identify the optimal set of investments, alternatives, and timing that will deliver the greatest value while respecting all constraints

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For assistance please email jpeel@armsreliability.com to request the guide PDF.

 

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