Print Email Facebook Twitter Value focused thinking: An approach to structure company values for asset risk management Title Value focused thinking: An approach to structure company values for asset risk management Author Van der Lei, T.E. Ligtvoet, A. Faculty Technology, Policy and Management Department Energy and Industry Date 2012-10-08 Abstract For public and semi public organizations the use of risk assessment matrices is becoming a standard approach for asset management decisions. The risk matrix allows companies to assess the chance and effects of different risks with respect to proposed investment decisions. When the values in the risk matrix reflect the company values, the risk matrix allows for investment decisions to be made in line with these values and even for further strategic decision making. In this paper we describe how a hierarchy of values can be used to uncover the core values of a company. These values are often shared by the people in a company and are institutionalized in core documents, like the strategic vision or annual reports. We describe an approach in which we used Value Focused Thinking for the systematic elicitation of company values to determine the aggregation level of the values represented in the asset risk matrix of the Port Authority of Rotterdam. Subject asset managementvaluesvalue focused thinkingrisk To reference this document use: http://resolver.tudelft.nl/uuid:5644b5f1-0d43-4066-aea7-f58dc85cf409 Source WCEAM 2012: Proceedings of 7th World Congress on Engineering Asset Management, Daejeon, Korea, 8-10 October 2012 Part of collection Institutional Repository Document type conference paper Rights (c) 2012 Van der Lei, T.E.Ligtvoet, A. Files PDF ValueFocusedThinking_for_ ... ement_.pdf 166.57 KB Close viewer /islandora/object/uuid:5644b5f1-0d43-4066-aea7-f58dc85cf409/datastream/OBJ/view