We use a variety of industry recognised tools and techniques in our assignments alongside a number of our own tools and techniques developed and adapted to suit specific customers challenges.
Assignments involve:
A hands on approach.
Optimising our skills, expertise and experience.
Researching our clients to gain an understanding of the challenges that face them.
No sub-contracting without the specific and express agreement of the client.
EXAMPLES OF HOW WE DO IT VALUE AUDITS How do you measure value?
How do you know whether you have had or are getting good value?
How do you define "VALUE"?
One of the more common definitions of "VALUE" is:
Value for Money = Quality of Service/Price of Service
Thus high quality a low price = high value for money!
A Value Audit may be carried out as part of the sourcing & selection process or as part of a post contract review process.
Either way the principles of the Value Audit carried out by Trinity Solutions Consultancy Limited follows a set of common actions:
A simple version of a Value Audit Execution Plan involves:
Gather the performance data:
Costs & prices
Product Quality measures
Service Quality Measures
Gather benchmark performance data and comparative performance data
Analyse the data in to discrete elements or tasks of value
Establish the Value for Money of the subject
Establish the Value for Money of the benchmark and comparative subjects
Establish both the absolute Value for Money and the comparative Value for Money
Analyse significant differences
Identify opportunities to improve Value for Money
Formulate recommendations to realise improvements in Value for Money.