Nobody downloaded yet

Value and risk management - Assignment Example

Comments (0) Cite this document
Summary
Though the two Arenas do not cover the same site area, the percentage of each activity is given as a percentage to the total sum of money to be expended for the entire project. In…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.8% of users find it useful
Value and risk management
Read TextPreview

Extract of sample "Value and risk management"

Download file to see previous pages Dundee arena has its substructure done as aggregate and isolated foundations but no permanency of the ice floor. As a result the concrete used is more in order to hold the weight of the ice floor.
II. The frame work for Skydome arena is 9.4% of total cost and at £176.44 per m2 compared to 9% of Dundee Arena and £73.2 per m2. This gives a difference of 7.6% i.e. £103.24 per m2. The two arenas both adopt steel frames for the construction. The difference in cost per m2 has resulted from the large roof being constructed and which lacks intermediate columns. These types of roof spans are quite expensive to put up. The span for Skydome arena is therefore in excess of 60m as a result requiring more quantities of steel in the roof trusses. Therefore the basic estimate of 80kg per m2 of the gross floor area is projected. The amount of steel applied in Dundee arena is less kilograms per metre squared. This is highly unlikely to jeopardize the quality of the stadium. However, adjustment can be made as necessary bearing in mind the total weight of the whole arena. The 80kg steel per m2 can be reduced to 60kg per m2 or even less if intermediate columns are used instead for support.
III. The Roofing is 8.6% for Skydome arena at £161.46 per m2 as compared to 3% for Dundee Arena at £22.5 per m2. An overestimate of 5.4% on roofing at £139 per m2 is determined here. The roofing material and structure has deployed very expensive methods and materials. The roof for Skydome is intended to have partial composite construction with mastic asphalt for the plant area and clad with profiled metal decks on purlins. For the insulation a PVC single-ply membrane and a vapor barrier is adopted plus a plywood base. All these materials are very expensive and should be substituted with cheaper materials while maintaining quality of the roof structure. Dundee arena has adopted steel plates and metal cladding other than plywood and vapor barrier.
IV. ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Value and risk management Assignment Example | Topics and Well Written Essays - 2250 words”, n.d.)
Value and risk management Assignment Example | Topics and Well Written Essays - 2250 words. Retrieved from https://studentshare.org/miscellaneous/1590657-value-and-risk-management
(Value and Risk Management Assignment Example | Topics and Well Written Essays - 2250 Words)
Value and Risk Management Assignment Example | Topics and Well Written Essays - 2250 Words. https://studentshare.org/miscellaneous/1590657-value-and-risk-management.
“Value and Risk Management Assignment Example | Topics and Well Written Essays - 2250 Words”, n.d. https://studentshare.org/miscellaneous/1590657-value-and-risk-management.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Value and risk management

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 context 15 Risk identification 16 Risk assessment 17 Key stages for...
18 Pages(4500 words)Assignment

Value Risk Management

...TechWatt VRM Study Introduction This is a two-part VRM (Value Risk Management) Study. Part one studies Value Management. Part two studies Risk Management. Our growing business, TechWatt, has 27 employees. We need and want more space, and have 5 million to acquire a headquarters facility to house our 15 people in light manufacturing and 12 in management and administration. Acquiring a new facility means adding value but taking risk to do it. The Value Management Study aims to clearly define the scope and values of doing...
10 Pages(2500 words)Case Study

Value and Risk Management in Construction

...Running Head: Value & Risk Management in Construction Value & Risk Management in Construction of Value & Risk Management in Construction Case Scenario of Research: TW Corporation is a small but fast growing IT company producing both computer hardware and software systems. The company is considering investing in a new regional HQ as part of an ambitious expansion plan, and are about to commission a major project for this. Funds of approximately 5M have been allocated for this purpose. No major decisions have been made yet regarding a possible site or the specific facilities to be...
10 Pages(2500 words)Case Study

Value and Risk Management

...Introduction The aim of this study is to identify and realize the authenti and appropriateness of the new construction proposal submitted by TechWatt Corporation. As a fast growing IT company dealing with the software and hardware systems, TechWatt Corporation has been looking forwards for some expansion lately in the regional grounds. For the same reason, TechWatt Corporation has proposed to establish a new regional Headquarters, funds for which, of about '5M, have already been allocated. With this in mind, here is an endeavor to assess the whole project with the view point of the value management, while also reassessing with the risk management point of view. Principal...
10 Pages(2500 words)Article

TechWatt Value and Risk Management

...TechWatt Value Risk Management Study Introduction TechWatt is a small successful business considering an expansion plan to move into a new headquarters facility. This report uses RIBA (the Royal Institute of British Architects) Plan of Work guidelines to focus and properly organise actions TechWatt must take. The purpose of this report is to ensure all parties involved understand the same goals and initial steps to achieve them. Each party involved in the project shall contribute information. Each piece is interdependent. Information is the most important contribution in the earliest stage. These are TechWatt's presently known five requirements. First, fulfil the perception of...
15 Pages(3750 words)Case Study

Value and Risk Management - MSc Civil Engineering and Construction Management

...PRINCIPLES OF VALUE MANAGEMENT AND ENGINEERING APPLIED ON SBE INNOVATIONS’ PROJECT WORKSHOP WITH AN ESSAY ON RISK MANAGEMENT Executive Summary The initial gist of this paper is that a company known as SBE Innovations Ltd. contacted us and asked our professional services to conduct value management and value engineering studies. This would entail a workshop, functional analysis and other tools and methodologies for a value management and engineering on a proposed recreation and commercial centre to be situated in a suburban area. We could not but consent to this request as we knew the...
14 Pages(3500 words)Assignment

Value and Risk Management

...VALUE AND RISK MANAGEMENT Contents Executive summary Introduction Part Value Management Report A. Value management study Team composition 2. Team agenda 3. Team tasks On-site inspection Discussion Brainstorming Activities Related issues B. Proposals for a follow up value engineering study Value engineering Members of the VE study team Tools to be used: value analysis, FAST diagram, and quality function deployment (QFD) Recommendations Part 2 Essay: Risk Management in the Construction Industry References Executive summary SBE Innovations...
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 outlined to facilitate a clearly defined value of the project (Turner, p. 306). Benefits of applying value management to the strategic briefing stage One of...
4 Pages(1000 words)Essay

Risk & Value Management

...hazard 10 Hazard 1: Damage to machines 10 Disaster response 10 Contingency Plan 10 Hazard 2: Disruption of IT services 11 Disaster response 11 Contingency Plan 11 Value chain analysis for performance improvement 11 Primary Activities 12 Secondary Activities 12 Cost Reduction Techniques 13 References 15 Assessment of Risks faced by AutoPlast Ltd. Business risk may be defined as the probability of losses associated with the assets and the future earning potential of a business firm (Petty & Palich, 2009,p.603). Assets of a firm are not only its business infrastructure but also its employees, customers and the reputation of the firm. Business by its very nature is a risky proposition. A...
11 Pages(2750 words)Essay

Roe v wade

4 Pages(1000 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 Value and risk management for FREE!

Contact Us