Nobody downloaded yet

Integrating Value and Risk Management in the Strategic Project Development Stage of new City Government (Council) Headquarters - Assignment Example

Comments (0) Cite this document
This report scrutinizes the proposed project to build the new, modern and central City council (government) Headquarters. It analyses the project in general, its business needs, strategic importance, options available to meet the business needs and inherent risks…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.4% of users find it useful
Integrating Value and Risk Management in the Strategic Project Development Stage of new City Government (Council) Headquarters
Read TextPreview

Extract of sample "Integrating Value and Risk Management in the Strategic Project Development Stage of new City Government (Council) Headquarters"

Download file to see previous pages The study commences by analyzing the business needs of the clients. It seeks to enumerate and elicit the objectives that the client hopes to achieve by undertaking this project. It examines the status quo to establish obstacles that hinder the client from achieving these objectives. Further, the report seeks to establish all the stakeholders concerned and the impact of the project on them.
Secondly, the report analyses whether the business needs of the project are realistic. This is in terms of the business value of the project to the client and all the stakeholders. Thirdly, the report examines all the options that the client could employ to satisfy its current needs, and fulfill its designed objectives. Consequently, the study determines whether the project is necessary for the light of other alternatives.
The approach adopted is integrated, and all involving, designed to achieve and capture the views and needs of all the stakeholders in this project. The study considers the views, objectives and needs of the client, the City Council, which it desires to achieve at the completion of this project. This was in line with the OGC 3 framework required for the study to unearth the long-term and short-term needs of all the stakeholders already identified. A deep analysis of the project is undertaken to determine whether it adequately addresses the needs and objectives of the client.
The study has also set objectives and parameters, based on the needs of all the stakeholders. These parameters are to be used as the yardsticks to measure the progress of the project. The parameters set were in line with the OGC 3 framework and addressed health and safety, sustainability and design qualities using Design Quality Indicators-DQIs. The study also set performance indicators that would reflect whether the objectives set and needs of the client are being met.
To achieve this, this study compared the business effect of the project and the cost involved, to determine the viability of the project.  ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(Integrating Value and Risk Management in the Strategic Project Develop Assignment, n.d.)
Integrating Value and Risk Management in the Strategic Project Develop Assignment. Retrieved from
(Integrating Value and Risk Management in the Strategic Project Develop Assignment)
Integrating Value and Risk Management in the Strategic Project Develop Assignment.
“Integrating Value and Risk Management in the Strategic Project Develop Assignment”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Integrating Value and Risk Management in the Strategic Project Development Stage of new City Government (Council) Headquarters

Riyadh City Council, the City Council as well as on the implementation of projects and activities, and the performance of the governing body, has created difficulties for mayors and the rest of the administration in developing their community (Al Riyadh 2004). Because of these, the Riyadh City Council has aimed to boost their performance by focusing on the capability of their workforce, enhancing their projects by being consistent with the community’s needs, and providing their administration with the necessary procedural and managerial specialisations. One weak point that the local city...
7 Pages(1750 words)Essay

Exploring challenges, strategies and/or risks to manage mega-projects (such mega-projects are usually those in the range of bill

...Margaret Thatcher. That was May 1988 and the construction was considered largest in Europe. This followed the success of the inner city regeneration of Isle of the Dogs Enterprise Zone or EZ and Canary Wharf will serve the as Thatcher administration’s finest achievement (Home, 1990). The project incorporated all kinds of land use focused on developing a central business district. One major characteristic of the earlier stage of Canary Wharf was its lack of planning or “non-plan environment” (Home, 1990, p 119) linked with the Conservative government’s creation: the London Docklands Development Corporation or LDDC. Its absence of...
46 Pages(11500 words)Dissertation

Value & Risk Management

...?VALUE AND RISK MANAGEMENT Table of Contents Table of Contents VALUE MANAGEMENT 2 Effective project management 3 Financial targets 5 Minimising operation, maintenance costs and environmental impact 6 Third party requirements 8 VALUE MANAGEMENT STUDY 9 Information gathering stage 10 Back to basic stage 11 Evaluation and development stage 11 Action planning stage 12 PROJECT FUNCTIONAL DIAGRAM 12 ACCOMMODATING BUDGET CUTS 13 RISK MANAGEMENT 14 Establishing...
18 Pages(4500 words)Assignment

Research & Analysis Study of Balfour Beatty plc Business and Competitive Environment

...has been restructured into a single organisation, headquartered in Jacksonville, Florida, USA. The organisation has shown substantial growth in recent years with strategic acquisitions in the US and Germany. Balfour Beatty's Investments and Developments division, with revenues of 465m and only 136 employees promotes, manages and invests in privately funded infrastructure projects and developments in selected sectors in the UK and overseas, through its operating company Balfour Beatty Capital, established in 1997. Balfour Beatty's is currently conducting PPP/PFI projects in two principal sectors such as infrastructure...
9 Pages(2250 words)Essay

Commercial Real Estate Development

...the target of funding 40,000 newly build and developed homes and creation of 28,000 new jobs in the city. The areas selected for the project were the prime growth areas of the London city, namely, Lower Lea Valley and London Riverside. The Thames Gateway project was an alliance between 12 local authorities, the London Development Agency, multiples of universities, 2 strategic health authorities, and the East London Learning and Skills Council. This project was one of the growth areas of the London Plan, the growth and regeneration was planned in areas for building...
12 Pages(3000 words)Essay

Value and Risk Management

.... On the other hand, the UK government has enforced the site waste management plan. Firms have to apply a Site Waste Management Plan (SWMP). Construction projects which started after April 2008 and have a construction value of more than £300,000 must have a Site Waste Management Plan (SWMP). This process provides a structure for waste delivery and disposal at all stages of the construction project (Department of Environment, Food and Rural Affairs). The regulations are enforced by the Environment Agency and potentially, both the HSE and local authorities. Firms who would violate are fined from £300...
16 Pages(4000 words)Essay

Risk and value management

...Risk and value management Strategic management The strategic briefing stage is the second stage of a project’s first phase. It facilitates determination of feasibility of a projects and forms ground for development of other stages towards success of a project (Boyle, p. 141). Value management is another initiative that is implemented in a project’s early stages to ensure that the objectives and the scope of the project are precisely...
4 Pages(1000 words)Essay

Risk & Value Management new technology can lead to loss of reputation and business for the firm. The likelihood of this risk is very high. Mitigation Plan The mitigation plan involves investing in the latest disaster management technology which will serve the factory in difficult times and prevent further chemical leakages or fire outbreaks. Legal Legal Risks are the risks to the finances and the operations of a firm due to court cases and orders (Jasanoff, 1994, p.45). Description of the Risk & Likelihood AutoPlast has already been involved in two major accidents in the area. Due to these actions it is likely to face legal actions from the victims, civil...
11 Pages(2750 words)Essay

City Council Meeting government, to strengthen the links between councils and native folks, to deliver high standards for native folks all over, to unfold the simplest observe of government, to tackle the intense failure and also the problems with the government. The key components of the improvement programme publicized by the written report • The introduction of a statutory duty on councils to get best value; • A demand on councils to introduce new models of political management; • A new moral framework for councilors and officers; • A new power to market the economic,...
5 Pages(1250 words)Essay

Value and Risk Management

...Strategic level value management study 4 2.1.1 Project Outcomes 4 2.1.2 Stages and phases of value study 5 2.1.3 Study Duration 6 2.1.4 Route map 7 2.1.5 Participants of VM Study 8 2.1.6 Tools and techniques to be applied 10 2.2 Value engineering follow up study 10 2.2.1 Right time for the follow up VE study 10 2.2.2 Elements of the value engineering follow up study 11 2.2.3 Participants of VE follow up study 12 2.3 Conclusions 12 2.4 Recommendations 13 Bibliography 14 Introduction 17 Main Body 17 Types of risk associated with healthcare construction industry in UAE 18 Evidence of...
26 Pages(6500 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Integrating Value and Risk Management in the Strategic Project Development Stage of new City Government (Council) Headquarters for FREE!

Contact Us