Value is a measurable outcome that you can realize and share. I have heard people say that value is hard to quantify or qualify. They even go as far as to avoid using the word. A ban on Value? In the U.S. Virgin Islands people have cisterns and the value of water is at a premium. To quantify, you place a measuring stick to identify the water level. To qualify, you have water to drink and quench your thirst.
The same definition can be applied to business value. Work committed should be a measurable outcome that you can realize and share.
By Dr. Dave Cornelius