Pacific Rim Head
Office: PO Box 3 Wentworth Falls NSW 2782 Australia
Dr David R. Stevens is a specialist facilitator consultant offering project strategy support services in
His principal function is to provide fast tracked structured methods of strategic decision making.
Value Management is a structured process through which the various elements and functions of a project are critically analysed to ensure maximum value for money. It is defined as "the systematic application of recognised techniques which identify the functions of the product, project or services, establish the value of functions and produce the basic function to meet the required performance at the lowest overall cost".
The main difference between Value Management and Value Engineering is that the former is considered from the strategic point of view with the latter being the tactical. Value Management is an aid to demonstrate to key stakeholders in a project the relative importance of the key design objectives and the comparative merits of alternative courses of action. It is also considered important to ensure that an understanding of, ownership of and commitment to the design objectives and project goals is shared by both design team members and client team.
Value Engineering is an externally facilitated process through which the client can demonstrate that the overall design objectives of the project (as identified in the design brief) are being provided at a minimum cost whilst maintaining the stated quality. Through functional analysis and evaluation of alternatives, savings can be identified, confirming value for money. Value Engineering is more likely to occur at the detailed stage of design.
Risk Management studies involve carrying out a Risk Identification workshop with the full client, design and construction team (if appropriate). At this session we brainstorm all the possible risks on the project, analyse these risks into critical areas of concern and prepare a full risk management action plan for controlling risk throughout the project. At this stage, it is decided whether a full risk quantification exercise will be carried out.
As delivered by Dr Stevens, partnering adopts a structured group problem solving methodology, typified by a participatory rather than adversarial approach to the project. Prior to work beginning on a project, partnering brings all the relevant parties to the project together in a workshop environment, where they determine:
Partnering is a pro-active, co-operative approach to doing business, involving the development of a long term commitment between all those involved in a project so as to achieve specific business and project objectives. Partnering maximises the effectiveness of every participants' resources through creating a relationship based on trust, mutual respect, integrity of action and common goals, whereby the co-operation and communication that characterise a successful project are formalised. Partnering, by creating an environment where trust and team work prevent disputes and foster a co-operative bond ensures that everyone gets the maximum benefits that are the result of a truly successful project completion.
Key Benefits to ClientDr Stevens has saved billions of dollars for clients in the UK, Hong Kong Australia, Panama and many other countries around the world. He will ensure the project brief can be clearly articulated in a fast track manner; all parties will accept it by consensus agreement, will be clearly focused towards it and will commit to achieving the project objectives. This in turn will ensure