Your Client is a Public Sector Housing Development Board (HDB) Who is About to Invest: Project Economics and Management Assignment, SMU, Singapore

CW1: Value Management

Your client is a public sector Housing Development Board (HDB) who is about to invest SGD20.5M in a new-build multi-agency community Hub project on a brownfield site in a suburb of the city. The Hub project is intended to bring together and give residents access to a number of the local authority, leisure, and community service within a single facility (these have still to be decided as part of the project). The client is looking for innovative proposals to provide an inspiring and enriching experience that will raise the quality of life of the local residents in the finished building.

You have been engaged as the consultant to provide advice on applying Value Management services within the procurement process to ensure the project represents value for Money at key Stages.

You are required to write a report, not exceeding 5000 words, by considering the following:

Prepare a report evaluating how value management processes and value analysis would ensure project success. The report should identify the key issues to be addressed, how value management studies should be deployed and how these processes achieve value for the client’s investment

Clearly indicate any assumptions made, along with robust justifications where necessary.

You have been employed as a commercial manager for a contracting company and have been asked to develop a training manual for graduate quantity surveyors who have joined the company having had no experience of contracting. You are to develop a PowerPoint presentation (no more than 15 slides) showing the stages for the financial assessment of construction activity, how your assessment will inform the estimating and CVR process. You should use the information which will be provided on the assessment handler (Project: Changi General Hospital) of the blackboard to illustrate the different steps.

You also need to provide a brief report (no more than 1500 words) discussing the importance of accurate project cost and value reporting and how such reports inform the annual accounts of the firm.