Value Management in Construction and Property

Worth Management in 03.09.2019
 Essay about Value Management in Building and Home

BRE 533 Value Supervision in Development and House

Final Survey

Propose Progress

The Hong Kong Polytechnic University or college

Phase almost 8 Development

35 April 2010


Professional Summary


Background to the value managing study

Function of the worth management workshop

Project objectives

Value supervision workshop objectives

Information Stage

Overview of sales pitches

Q& A of the display

Function Evaluation Phase

List of functions of FCLU

Functional matrix

FAST diagram

Creative imagination Phase

List of brainstormed suggestions to satisfy picked functions of FCLU|

Evaluation Phase

Criteria pertaining to evaluation of brainstormed ideas

List of P1, P2, P3 ideas

Weighted evaluation technique

Development Phase

Action Plan

Display Phase

Synopsis and Conclusion

Reflective magazines


Appendix A| Set of roles of participants

Appendix B| Workshop agenda

Appendix C| Photo of VM Workshop

Exec Summary

As Phase 8 development of Polytechnic University is proceeding actively. To ensure every stakeholders' demands were accounted for, a one day time value managing workshop occured at Polytechnic University Area W610 to talk about the use of campus, at no. 12-15 Wylie Course. Representative of various interested teams, government departments and stakeholders were present.

The representatives had been carefully chosen by thanks process as the success of the significance management workshop is dependent upon the input of participants.

The workshop followed the Lawrence Miles strategy which was widely accepted in international standards and all groups, departments and stakeholders thus gone through key stages:

1 . Pre-workshop Period namely info phase,

2 . Workshop Phase - function examination phase, creative imagination phase, evaluation phase and 3. Content workshop Stage - reporting/development phase to input fresh ideas and rule out any unnecessary capabilities

These 3 phases had been worked by team members in order to achieve less expensive for money intended for FCLU.

The knowledge stage in the workshop made up, in addition to the sales pitches by individuals, a structured question and solution session and a functional evaluation section, which identified 40 areas or objectives to become idea produced in relation to alternative 5; the first placed option. The concept generation developed which eventually were converted into a series of working lists. This kind of included several design note which symbolized stakeholders' demands and were, by general opinion, to be included as part of the first concept design. A preliminary examination of risk associated with the project was undertaken following the worth management procedure. This will kind an introduction into a full risk assessment which is done every time a preferred proposal is announced. The members were very well familiar with the difficulties surrounding the project which step has provided first information for your later During the workshops, all participants possess expressed all their ideas and all information will be recorded throughout the interactive value management software. To enhance sustainable creation concept of complete project scheme, evaluation standards were discovered, defined and rated. These kinds of evaluation conditions were applied to each agreed alternatives and were ranked on the level of 1 -10.

The idea technology stage from the job plan produced ideas for the improvement of eco friendly design and were developed into action ideas which are seen in the body of the report.


1 . 1 Background for the value managing study

The Phase almost 8 development can be formerly style to be located at " former Animals Depot”, southwest of the existing campus. The anticipated move in date reaches the end of 2012. Upon completion, the expansion will provide roughly 25, 600m2 net flooring area for implementation with the new academics...

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