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Value and Risk Management - MSc Civil Engineering and Construction Management

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This study will be a collaboration of the different stakeholders including department heads and key employees of SBE Innovations and our very own team. Tey will carry out a workshop to undertake value management and value engineering. Te team will conduct functional analysis and provide suggestions, icluding inputs from the different stakeholders and the people in the field in order to provide the greatest value for the project. Trough value management, w can evaluate the different aspects and functions of the construction project. Or objective is to minimise and see to it that all functions have their important role in the entire project.

Tis will utilise a structural functional analysis and other problem solving tools and techniques that will ensure low cost and great value for the project. W will identify the core values of the project and transform goals into actions to achieve the necessary results. Or ultimate goal is to help our client by introducing creative ways in ‘valuing’ the project, ad providing recommendations and seeking solutions to the problems which are still unseen. Te the team will conduct the inspection and look for possible scenarios that may occur in the future, icluding seeing to it that the parts, sages, ad the different functions are closely studied to attain maximum results.

Al personnel who participated in the on-site inspection and all stakeholders will be involved in the discussion. Dscussion will take much of the time of the study. Tis will also include brainstorming, gthering data, ieas, sggestions, ad everything that could be of use at present or in the future when construction is full Ttal economic management of projects involves considering both cost and value.

Vlue management occurs much earlier in a project’s life-cycle whilst cost management occurs in the later stages. (elly and Male, 1993, pThe cost aspects of the service can be ascertained by the use of traditional quantity surveying services. Te assessment of worth and its relationship to cost can only be ascertained with reference back to the views of the client or end-user. Cst management involves traditional ways of surveying skills, rducing costs, ad using proven procedures. team will suggestions and ideas to ensure. ..

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preview essay on Value and Risk Management - MSc Civil Engineering and Construction Management
  • Pages: 15 (3750 words)
  • Document Type: Assignment
  • Subject: Unsorted
  • Level: Undergraduate
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