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Essay / Research Paper Abstract
This 11 page paper looks at the process and different stages that a firm will have to go through in order to produce a value management report and a risk management report for a new project. The different stages are presented in a practical manner. The bibliography cites 10 sources.
Page Count:
11 pages (~225 words per page)
File: TS14_TEvlaueman.rtf
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Unformatted sample text from the term paper:
may also be concerns that the project is being undertaken in the best way possible to add value as well as assess potential risks. To this end TechWatt Corporation, a
firm with plans to invest ?5 million may which to invest in a value management report and a risk management report for its plan to construct a new head office
which would include administration and production facilities in a facility which is also suitable for client visits. The first report is the value management report as this is undertaken at
the early stages and it has been stated that this will also be used to help develop the concept in order to maximise value, this will be followed by the
risk assessment, In order to undertake these there is the need to define the reports and look at what will be needed in order to create the reports. 2. Value
Management Report Value management is a tool that provides a "structured, systematic and analytical process which seeks to achieve value for money by providing all the necessary functions at
the lowest total cost consistent with required levels of quality and performance" 1. This explains the general aims of the report, but in order to determine what is required in
the report it is necessary to consider the objectives of the report. The objectives, and therefore the need to study will vary dependent upon the lifecycle stage of the project2.
In the case of TechWatt Corporation are at the beginning of a project, and the value management report in order to help develop the brief for the project and ensure
that the company is undertaking the right action. When undertaking the value management reports the aim of the report in this scenario will
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