Value studies to derive optimum functionality and cost effectiveness, and to confirm or modify the concept definition for optimum scope, budget, timeframe, standards and risk management approach

Example applications:

	2 + 4 day workshop for new university complex. Increased functionality and reduced whole life costs
	4-day bid improvement for 30-year, $1.8Bn design-build-own-finance-operate-transfer project to enable successful bid for major urban renewal project. Significantly reduced capital and lifetime operating costs
	4-day analysis at functional design stage of urban highway and light rail transportation scheme. 13% capital cost savings identified with improved design features
	3-week project re-definition and outline design through partnering and V2 and V3 value workshops for design-build environmental project
	Enhanced functionality and client satisfaction. Subsequent implemented capital savings of 7%; significantly reduced lifecycle costs.

Study goals:

To finalize definition of project concepts and to develop the framework for program / project implementation

Example outputs:

	Feasibility and risk assessment
	Concept choice
	Target cost
	Key performance indicators
	Project implementation plan