Value Risk Management Case Study Example | Topics and Well Written Essays - 2500 words

nourish Risk oversight - Case subject field ExampleTechWatt sh each(prenominal) character it starting line by doing our Value Study (this Study) during the Headquarters briefing stage preparations. Assuming the Value Study validates that it is a good idea to conform to through and do our HQP, we shall carry out the Risk Management Study after awarding the architect-design contract, besides before site set-up.The following advice is among RIBA guidelines. Architects (VRM professionals) and clients need to take away and use a Plan of Work. They must prune closely to form a good team for a successful project, and to be sure that all project team-mates know the information they must provide and their clearly- make up ones mindd responsibilities.This VRM Study is our set of working ideas at TechWatt to use for a smart plan, to optimise value and minimise risk, to foresee some possible problems and claim shipway to deal with them, and to lose no value to risks or lose as little value as possible.Our business wants a new-made headquarters that is valuable to us now and in the future. First, we must consider many things including at least future growth and financial stability, our companys needs, the location and costs of a new headquarters, and the monetary and non-monetary benefits we expect from moving into a new headquarters. To keep optimum value we must make and follow a Plan of Work with our architect. Our Plan must include and address negative situations or risks that can take away value. This Study leads to the following Plan of Work (in this order)- TechWatts Strategic Briefing which states requirements for a Headquarters facility - a Project Briefing that has Outline Proposals by the Design Team(based on a review and further development of ideas in the Strategic Briefing) - Detailed Proposals that build on the ideas defined in the Project Briefing Each step moves nearer to design and site development. The Risk Management part of this VRM Study su ggests ways and back-up plans to minimise loss from risk. TechWatts professional business is making hardware & software product products. With no appreciable go out in facility construction, we will rely greatly on our architectural Design Team.Value ManagementWe seek value at TechWatt, for the present and the future. We must clearly define what value is. RIBA makes clearly defining value a high priority in projects. It is the project sight so all on the project team work for the same goal. So, as early as possible and from the start, TechWatt must define value so the architect-design-construction team can work to achieve value. It becomes the sum total of the Pre-Project Briefing, the Plan of Work and is designed into our headquarters. Value is the compass giving direction to all activity.Pre-Project Briefing Do good appraisals (RIBA Work Stage A)We must carefully consider and appraise options to make Headquarters. Well brainstorm the explanation of value in the Pre-Project Bri efing and put those ideas into our Strategic Brief to give to our architect-design team partners. Lacking experience in this area, we shall depend heavily on our design participants for expert advice during the Pre-Project Briefing (PPB). The PPB is a good starting point for all parties. TechWatts key participants will include top management and other resident experts who should help oneself appraise needs for a new facility and moving into it. We need similar participation by