Value Planning & Risk | Davis Langdon

By: Dlpks  05/12/2011
Keywords: Risk Management, method statements

Participants in projects are able to clearly define and then align their respective requirements by using Value Management techniques. Project benefits are maximised by employing processes that minimise waste and reduce costs, concentrating effort and resource towards project objectives.

As well as helping to direct effort to where it is best expended, our Value Management processes support decision-making by helping teams to make assessments between differing options based upon best value. We define ‘value’ by consulting with all contributing parties, by challenging assumptions and generating innovative solutions.

Value Management helps project teams to generate detailed proposals and to implement clear and specific actions that add long term value to a project. It also provides a means for measuring the increase in value, thus demonstrating whether optimum value for money is being achieved

We offer construction planning, time and risk analysis, build ability and methodology advice. Our dedicated and professional service is based on a wealth of in-house data and expertise.
We plan the methods and logistics of a project, construct method statements to accompany programmes, monitor all stages of project progress and value completed works against predicted cashflows. This programming includes 3-D capabilities to show how a building will look at different points in the construction process.

This planning work forms a project baseline for reference throughout the design, procurement and construction phases.  This enables our clients to benefit from: 

  • Establishing project objectives and the scope of works
  • The delineation of the project organisation / team
  • Analysis of tasks, timings, resources and comparisons with cost data against the baseline
  • Analysis and evaluation of performance (trend analysis)
  • Corrective action plans and new project performance goals and targets

Risk Management is concerned with improving confidence that the project outcome will deliver the expected business benefits.  The project team's experience is captured and applied, to reduce the chances of things going wrong. A clear understanding of risk, and of its active management, is key to project success.

At Davis Langdon we have developed processes that actively create the conditions for project success, to ensure that your projects deliver the benefits required by your organisation. Our main focus is on helping the team to manage the risks effectively. Where required, we will quantify Risk Allowances using statistical simulations. Plans to minimise risk will be undermined if teams cannot work constructively together and take due account of stakeholders' needs. We provide a structured forum in which all team members come together, in an atmosphere which improves communication, builds consensus and encourages collaboration.

Keywords: method statements, Risk Management

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