Metrics - Revision history

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This document presents different metrics systems used within an open and decentralized [[value network]]. In order to quantify value for reference and accounting, it is necessary to make justifiable measurements about an item or event along one or more axes of mutually agreed and mathematically consistent meaning.
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=Tangibles=

==Time==

Enters as '''duration''' of an activity, but also as a '''coordinate''', i.e. how far in the past the activity was performed for example. The time coordinate is taken into consideration in many other metrics. It is related to seniority, regularity of contributions, amount of risk (if the contribution is made at the beginning of a project or towards the end)...

===Evaluating Time===
The contribution log contains descriptions of activities performed by members. The duration of time, type of activities involved (see back office catalog), importance, priority, project within for which these activities are performed, etc. are indicators of impact on a project.

We agree that time evaluation must also rely on the deliverable.

==Space==
Can be physical (the SENSORICA Montreal lab for example, a warehouse, a store), or virtual (a website, a forum, etc).
Enters as place for activities and as [[contributions]].

===Evaluating contributions with space===
There are two types of spaces: virtual and physical.
Distinction between contributions to the pool of shareables or commons and merely giving temporary or conditional access.

more to come...

==Quantity==
Basic ideas of size, number of items, scale, magnitude, volume, number of tokens (monetary currency) ... In the NRP these translate into units.

===Evaluating financial contributions===
Distinction between temporary financial [[contributions]] - loans (the member asks for money back), and investment or permanent contributions.

==Material==
Is a tangible physical object used in activities, a tool, equipment, a part (something that goes into a product), a consumable...

==Evaluating material contributions==
We agree that material [[contributions]] are evaluated based on the use or utility (traditionally called use value) in a particular project. Also, distinction between contributions to the [[pool of shareables]] or [[commons]] and merely giving temporary or conditional access.

more to come...

==Value==
[[Value]] tells us how much affiliates are moved into action by something. The metrics is about evaluating contributions (how important they are for network affiliates in a specific context/[[project]]). See also the [[Value System]].

=Intangibles=

==Social Capital==

===Evaluating contributions involving social capital===
Types of such contributions: access to a market, customer’s base, access to resources, access to other networks that have valuable resources to exchange, legal protection, ...

==Stability==
Probability of value retention over time - things like durability, reusability, fragility, reproducability, context-specificity, of a product or service.

==Culture==
An experimental area for defining positive impact in the sense of community and belonging as a result of peer production ventures.

==Environment==
Measurement of "external" input/output/impact in areas like raw materials, byproducts, ecosystem health,

==Individual==
An important and broad collection of measurements for the nature of personal contributions to a process or product. May include elements of skill/talent assessment (accreditation, qualification (role), personal reputation), intensity and focus of activities (a cofactor of the value of time invested), use of personal equipment or facilities, intellectual capital and much more. Reputation tells how value is created by individual members and can reference to commitment, ethics, etc.

===Reputation ===
Reputation tells ''how activity is performed'' by individual members and can refer to commitment, ethics, etc.
The metrics helps evaluate reputation, which is multidimensional!

See PieTrust on this.

See more on the [[Reputation system]]

===Role===
Role tells ''who does what'' within the value network.
Roles are emergent patterns of activity extracted from the activity log, perhaps a project/task management tool integrated within the infrastructure.
The metrics must help distinguish a role as a clear pattern.

See more on the [[Role System]]

==Satisfaction==
A kind of feedback system or collective reputation where recipients of value may respond with a subjective evaluation of their relative satisfaction based on comparison between expectations and actuality or other factors like integrity of communication, follow-up service/support relationship, community impacts, etc.

==Social==

Providing access to a market or customer base and other special privileges or network effects that add value to a business proposition. May include legal affordances and protections, or simple extension of trust/reputation to create new relationships and opportunities.

==Activity==

This tells how viable the [[value network]] is. The metrics helps quantify how motivated, energetic, committed, and genuine are members and lends to reputation of the whole.

==Synergy==

Measure of how projects influence each others. Work for one project can also advance another project. Resources created within one project are used in another project.

@@ Line 12: / Line 12: @@
 ===Evaluating Time===
-The contribution log contains descriptions of activities performed by members. The duration of time, type of activities involved (see back office catalog), importance, priority, [[venture]] within for which these activities are performed, etc. are indicators of impact on a [[venture]].
+The contribution log contains descriptions of activities performed by [[affiliates]]. The duration of time, type of activities involved (see back office catalog), importance, priority, [[venture]] within for which these activities are performed, etc. are indicators of impact on a [[venture]].
 We agree that time evaluation must also rely on the deliverable.
@@ Line 32: / Line 32: @@
 ===Evaluating financial contributions===
-Distinction between temporary financial [[contributions]] - loans (the member asks for money back), and investment or permanent contributions.
+Distinction between temporary financial [[contributions]] - loans (the [[affiliate]] asks for money back), and investment or permanent contributions.
@@ Line 66: / Line 66: @@
 ==Individual==
-An important and broad collection of measurements for the nature of personal contributions to a process or product. May include elements of skill/talent assessment (accreditation, qualification (role), personal reputation), intensity and focus of activities (a cofactor of the value of time invested), use of personal equipment or facilities, intellectual capital and much more. Reputation tells how value is created by individual members and can reference to commitment, ethics, etc.
+An important and broad collection of measurements for the nature of personal contributions to a process or product. May include elements of skill/talent assessment (accreditation, qualification (role), personal reputation), intensity and focus of activities (a cofactor of the value of time invested), use of personal equipment or facilities, intellectual capital and much more. Reputation tells how value is created by individual [[affiliates]] and can reference to commitment, ethics, etc.
 ===Reputation ===
-Reputation tells ''how activity is performed'' by individual members and can refer to commitment, ethics, etc.
+Reputation tells ''how activity is performed'' by individual [[affiliates]] and can refer to commitment, ethics, etc.
 The metrics helps evaluate reputation, which is multidimensional!
@@ Line 92: / Line 92: @@
 ==Activity==
-This tells how viable the [[value network]] is. The metrics helps quantify how motivated, energetic, committed, and genuine are members and lends to reputation of the whole.
+This tells how viable the [[value network]] is. The metrics helps quantify how motivated, energetic, committed, and genuine are [[affiliates]] and lends to reputation of the whole.
 ==Synergy==
 Measure of how [[ventures]] influence each others. Work for one [[venture]] can also advance another [[venture]]. Resources created within one [[venture]] are used in another [[venture]].

@@ Line 9: / Line 9: @@
 ==Time==
-Enters as '''duration''' of an activity, but also as a '''coordinate''', i.e. how far in the past the activity was performed for example. The time coordinate is taken into consideration in many other metrics. It is related to seniority, regularity of contributions, amount of risk (if the contribution is made at the beginning of a project or towards the end)...
+Enters as '''duration''' of an activity, but also as a '''coordinate''', i.e. how far in the past the activity was performed for example. The time coordinate is taken into consideration in many other metrics. It is related to seniority, regularity of contributions, amount of risk (if the contribution is made at the beginning of a [[venture]] or towards the end)...
 ===Evaluating Time===
-The contribution log contains descriptions of activities performed by members. The duration of time, type of activities involved (see back office catalog), importance, priority, project within for which these activities are performed, etc. are indicators of impact on a project.
+The contribution log contains descriptions of activities performed by members. The duration of time, type of activities involved (see back office catalog), importance, priority, [[venture]] within for which these activities are performed, etc. are indicators of impact on a [[venture]].
 We agree that time evaluation must also rely on the deliverable.
@@ Line 40: / Line 40: @@
 ==Evaluating material contributions==
-We agree that material [[contributions]] are evaluated based on the use or utility (traditionally called use value) in a particular project. Also, distinction between contributions to the [[pool of shareables]] or [[commons]] and merely giving temporary or conditional access.
+We agree that material [[contributions]] are evaluated based on the use or utility (traditionally called use value) in a particular [[venture]]. Also, distinction between contributions to the [[pool of shareables]] or [[commons]] and merely giving temporary or conditional access.
 more to come...
@@ Line 46: / Line 46: @@
 ==Value==
-[[Value]] tells us how much affiliates are moved into action by something. The metrics is about evaluating contributions (how important they are for network affiliates in a specific context/[[project]]). See also the [[Value System]].
+[[Value]] tells us how much affiliates are moved into action by something. The metrics is about evaluating contributions (how important they are for network affiliates in a specific context/[[venture]]). See also the [[Value System]].
 =Intangibles=
@@ Line 96: / Line 96: @@
 ==Synergy==
-Measure of how projects influence each others. Work for one project can also advance another project. Resources created within one project are used in another project.
+Measure of how [[ventures]] influence each others. Work for one [[venture]] can also advance another [[venture]]. Resources created within one [[venture]] are used in another [[venture]].