Value

The worth, importance, or usefulness of something to stakeholders. In commercial organizations, value typically refers to shareholder returns, while in public sector organizations, it encompasses benefits to citizens, communities, and society. In RBPM, sustainable value creation requires balancing short-term performance with long-term viability through appropriate risk-taking. Value is created not just by avoiding risks but by deliberately taking risks where the potential returns justify the exposure, all within defined appetite boundaries.