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

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