This top rated industry presentation explores the concept of front end loading as a way to secure value for money outcomes in an alliance contract. Malcolm presented this presentation at IQPC's recent value for money conference which explored the processes and procedures necessary to define, demonstrate and measure VFM outcomes within alliance contracting.

First of all Malcolm suggests that you must define the value for money equation within a specific project. You must also determine up front your KRAS, TOC, and minimum conditions of satisfaction (MCOS). All of this will enable you to effectively track and measure VFM throughout the lifecycle of your alliance contract.

Malcolm asserts that value for money is defined as follows:

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