12 Apr '12, 1pm
Net Economic Value (NEV) possibly the worst framework ever adopted by civil service
They called it the Net Economic Value (NEV) framework. The NEV of each public agency is defined to be its revenue minus its operating and capital costs. Under this doctrine, each public agency was urged to continually raise its NEV on an annual basis, with the view of being cost-conscious and eliminating wastage of resources. Even better if each public agency could add to the government’s annual budget surplus. The NEV was one of the Key Performance Indicators (KPIs) used to judge how well each public agency performed. It could affect the bonuses and promotions of those near the top.