Value-based appraisal

Value-based appraisal is a method of evaluating an asset, employee, or project by focusing on its worth or contribution to an organization rather than just traditional metrics like cost or output. It assesses the overall value created, such as increased revenue, improved efficiency, or strategic benefits. This approach helps organizations make better decisions by prioritizing investments and efforts that generate the highest value, ensuring resources are used effectively to achieve long-term success. Essentially, it emphasizes the importance of quality and impact over mere expenditure or quantity.