Integrating value and risk in construction (C639)

This versatile toolkit helps clients and construction professionals integrate existing value management, value engineering and risk management methodologies from the initial concept of a proposed project to the successful delivery of the facility. Once construction is complete, the facilities manager and others can continue the process throughout the life of the facility. The toolkit provides a structured approach to identifying and agreeing the client's project objectives after taking into account the full range of opportunities and uncertainty. Its procedures aim to ensure that the built facility meets those objectives throughout its life and represents best value.

Integration toolboxes are provided for each stage of project development and these are supported by guidance on workshops, guided discussion and development of a communications plan. The toolkit is supported by CD-ROM containing electronic copies of working documents as proformas, together with a PowerPoint presentation and a comprehensive literature review.

Key words: project management, procurement, supply chain management, risk and value management.

ISBN: 978-0-86017-639-8

Author: M Weatherhead, K Owen, C Hall

Number of pages: 74 (paperback)

Publisher: CIRIA

Date of Publication: January 2005