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

Value and Risk Management - Article Example The company would be required to present before the attendees of this workshop with the bits of details about the project, such as the budget, pre-requisites, aims and the likes of it. This will help the attendees to understand the following arguments and requirements for the success of the project in a much better and elaborated manner. While the site for the same is yet to be decided, taking a peep at the various factors that might, in effect, make for the success of this project will help understand the project better. The project is targeted, apart from enhancing its regional presence, to make it easier for the customers and clients to approach the company. The project is focused at incorporating some of the important features like tour facilities for the prospective clients, giving a peek view into the kind of services and technology employed by the company. Secondly, the headquarters would provide office accommodation to over 12 staff members, recruiting the same for management and administrative purposes. Thirdly, it will also have an inbuilt workshop for the hi-tech light manufacturing processes, which will have another of 15 or more staff members recruited under head. While the foundations of the project do aim at solving the purpose behind the formulation of regional head quarters, it is essential here to examine a few factors that might help enhance the project and its establishment even better. The project has been allotted a set amount of funds. For the project to succeed, while the deadline is important, it is also of value for the project to remain within the boundaries of the set budget. In order to do the same, scoping of the whole project comes in handy, and that is what we will be doing here, as a part of the value management service. It needs to be seen if the project being offered by the company will in truth be able to come to terms with the reasons being cited for the project. Secondly, it also needs to be ascertained, if there are ample resources that can make the project successful in terms of requirements. To do the same, there is a "Job Plan" that will exploit various aspects involved in the project that are required to be referenced when discussing the project in general. Job Plan Dividing the whole process of value management to identify the strengths or weaknesses of the project will help the reader gain a better grounding of the whole scenario. Further, in this pre stage, the company managers would be required to understand, identify and explain to all involved the importance of the project, along with the aims that the project is trying to achieve. With detailed information and analysis, the people involved will be able to get a brief idea of the way project is to proceed, hence, enhancing the general output by those involved in the project. The Job Plan can be divided into four main stages - information gathering, alternative generation, evaluation and conclusion. Information Gathering In this first step, the need to identify all the requirements for the project will be looked into. Before beginning with the project, the company would be required to identify a location or site, keeping in mind the budget for the project. Once the site for the headquarters is identified, the next process of building the project would begin. This next process would