History and Adoption
The VMM was first articulated in a report by Booz Allen Hamilton in 2002 for the US Social Security Administration, as part of an electronic services project.
It was popularized by a suite of documents released by the US Federal Chief Information Officers Council in 2003, which give detailed guidance to agencies helping them to seek funding and plan budgets for their proposals, analyze their investments for values across their portfolio of initiatives, and track both tangible and intangible returns over time, with a particular emphasis on information technology investments and the production of OMB-300 exhibits for the US Office of Management and Budget. The introductory document was given the significant title It's Not Just Return on Investment Anymore.
The suite of documents from the US CIO Council include the following, which are readily adapted for other countries and non-government organizations:
- FAQ (Frequently Asked Questions)
- Introduction
- How-To-Guide
- Highlights (key elements from the how-to guide, and probably the best document for initial study)
Read more about this topic: Value Measuring Methodology
Famous quotes containing the words history and/or adoption:
“The principle that human nature, in its psychological aspects, is nothing more than a product of history and given social relations removes all barriers to coercion and manipulation by the powerful.”
—Noam Chomsky (b. 1928)
“Frankly, I adore your catchy slogan, “Adoption, not Abortion,” although no one has been able to figure out, even with expert counseling, how to use adoption as a method of birth control, or at what time of the month it is most effective.”
—Barbara Ehrenreich (b. 1941)