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Concept Definition (to enable Funding Approval):

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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

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Example applications:
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2 + 4 day workshop for new university complex. Increased functionality and reduced whole life costs

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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

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4-day analysis at functional design stage of urban highway and light rail transportation scheme. 13% capital cost savings identified with improved design features

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3-week project re-definition and outline design through partnering and V2 and V3 value workshops for design-build environmental project

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Enhanced functionality and client satisfaction. Subsequent implemented capital savings of 7%; significantly reduced lifecycle costs.

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

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Example outputs:
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Feasibility and risk assessment

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Concept choice

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Target cost

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Key performance indicators

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Project implementation plan

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Copyright 2008 The TEAM FOCUS Group
Last modified: July 03, 2008