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Value Management in Construction and Property

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Value Management in Construction and Property
BRE 533 Value Management in Construction and Property

Final Report

Propose Development of
The Hong Kong Polytechnic University
Phase 8 Development

30 April 2010

Content Executive Summary | | Introduction | Background to the value management study | Function of the value management workshop | Project objectives | Value management workshop objectives | | Information Phase | Overview of presentations | Q&A of the presentation | | Function Analysis Phase | List of functions of FCLU | Functional matrix | FAST diagram | | Creativity Phase | List of brainstormed ideas to satisfy selected functions of FCLU | | Evaluation Phase | Criteria for evaluation of brainstormed ideas | List of P1, P2, P3 ideas | Weighted evaluation technique | | Development Phase | Action Plan | | Presentation Phase | | Summary and Conclusion | | Reflective journals | | Appendices | Appendix A | List of roles of participants | Appendix B | Workshop agenda | Appendix C | Photo of VM Workshop |

Executive Summary

As Phase 8 development of Polytechnic University is proceeding actively. To ensure all stakeholders’ needs were accounted for, a one day value management workshop was held at Polytechnic University Room W610 to discuss the use of campus, at no. 15 Wylie Path. Representative of various interested groups, government departments and stakeholders were present.

The representatives were carefully selected by due process as the success of the value management workshop is dependent upon the input of participants.

The workshop followed the Lawrence Miles approach which was widely accepted in international standards and all groups, departments and stakeholders thus gone through all major stages:

1. Pre-workshop Phase namely information phase, 2. Workshop Phase - function analysis phase, creativity phase, evaluation phase and 3. Post workshop Phase - reporting/development phase

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