The application of a value based management (VBM) (also known as Managing for Value) process at Avrotec, a British Aerospace aircraft maintenance and refurbishment business (now BAE Systems, Aviation Services), resulted in a turn around from a 500,000 pound loss into a 2,000,000 pound profit between February - May 1997. Among other things the process involved the identifying and prioritising of less than 10 KPIs to replace 250 performance measures, which were reduced to monitor status or dropped...

BPIR Categories

14.1.2 Select and align measures.

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