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Thursday, May 12, 2016

Strategy use in Value Management

Phase 1 - The information stage (Pre Study), will cover the assembly of all relevant information appertaining to the project under review and the assimilation and analysis of this information.

Phase 2 - The creativity stage which comprises the generation of suggestion as to how the required functions can be performed or improved.

Phase 3 - The evaluation stage consists of the evaluation of ideas generated in the creativity phase.

Phase 4 - The development stage, where the ideas considered at the evaluation stage to have merit are examined and potential savings are costed.

Phase 5 - The presentation stage, comprising the presentation of the refined ideas considered to be worth implementing, supported by drawings, calculations and costs.

Phase 6 – the implementation stage, where the ideas agreed to be worthwhile are then implemented.

(Source: Ivor H. Seely, 1997)

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