{"id":132699,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/bachelor-of-construction-management-school-of-computing-engineering-mathematics-1-p-a-g-e-assignment-2-value-management"},"modified":"2017-08-16T07:03:17","modified_gmt":"2017-08-16T07:03:17","slug":"bachelor-of-construction-management-school-of-computing-engineering-mathematics-1-p-a-g-e-assignment-2-value-management","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/bachelor-of-construction-management-school-of-computing-engineering-mathematics-1-p-a-g-e-assignment-2-value-management\/","title":{"rendered":"Bachelor of Construction Management School of Computing Engineering & Mathematics 1 | P a g e Assignment 2: Value Management"},"content":{"rendered":"
\n

Bachelor of Construction Management
School of Computing Engineering & Mathematics 1 | P a g e
Assignment 2: Value Management
Weight 25%
Type of Collaboration Group
Due 26 May 201 11:59 p.m.
Submission Submit through TurnitIn
Format 5 group members agreed with the lecturer: email group members
name by week 2
Length 3000 words
Curriculum Mode Applied Project
General Instructions
Learning Outcome
It is expected that students will be able to demonstrate their level of knowledge and understanding
of Value Management (VM) and the ability to apply VM concepts to a real life project scenario.
Brief
You are required to identify a real life construction project (either proposals stage, being built or
completed) bearing in mind you would be in a position to have reasonable access to overall project
data (required to perform VM). You should be in a position to clearly understand the project and key
details of the project including (but not limited to) type of building (or structure), location, overall
cost, primary and secondary project objectives, key stakeholders, design details (size \u2013 area, plan
shape, height, specification etc.), among others. You are required to apply VM to the selected
project (or a component or element of the construction project selected). The application of VM can
be at Value Planning, Value Engineering or Value Analysis stage depending on the nature and state
of the development of the design. You may use any approach to VM in executing and applying VM
principles to the project. This assignment should demonstrate your understanding of VM principles
and its application to projects and is written in a manner to showcase the use of VM in construction
projects as a way to improve value characteristics of the project.
You are generally expected to follow through the following process identified.
? Identify an application area (whole project, building, structure, element, component etc.)
and define the objectives of applying VM. i.e. explain what do you want to achieve through
application of VM.
? Explain the process of VM application clearly going through the stages of the Job Plan (in
VM). Explain in detail how each stage is executed and apply techniques required.
? You are required to provide:
o Project brief
o Problem analysis
o Alternative solutions considered
o Critical evaluation of alternative solutions
o Use of value matrix, FAST or SMART or other appropriate technique
o Detailed development of the solution
o Final proposal recommendation
o Analysis of benefits and risks
o Implementation plan
Bachelor of Construction Management
School of Computing Engineering & Mathematics 2 | P a g e
? You are required to write a final report incorporating all of the above aspects. The report
would be appropriately referenced and produced in a professional manner as a professional
report to be presented to the building client of the project.
? The full report should also include a short literature review indicating relevant literature on
VM and providing information to justify the use of VM in improving value characteristics of
the project concerned.
? Demonstrate the use (or knowledge) of using the Australian \/New Zealand Standard
(AS4183: 2007 Value Management) and also compare with NSW Treasury Value
Management process.
Approach
You are required to form your own groups of 5 and report to the lecturer as to the formation of your
group. Detailed instructions of how you report group formation will be provided to you at the time
of handing of the assignment.
Submission Requirements
The final report should be submitted via Turnitin on the due date.
Assessment Criteria
The following and the Marking Criteria rubric indicate the assessment criteria used for this
assignment:
VM review (20%)
Problem analysis and alternative solutions (15%)
Evaluation of solutions and development (30%)
Understanding of the VM process (15%)
Report writing and presentation (20%)
(Style of writing, overall presentation, referencing, citations, general structure, readability,
group approach, use of figures and tables and cross referencing)
Bachelor of Construction Management
School of Computing Engineering & Mathematics 3 | P a g e
Marking Criteria
Criteria High Distinction Distinction Credit Pass Unsatisfactory
VM review (20%) Demonstrate an
excellent level of
understanding of
VM concept and its
application through
a thorough review
of literature.
Demonstrate a very
good level of
understanding of VM
concept and its
application through a
detailed review of
literature.
Demonstrate a sound
level of understanding
of VM concept and its
application through a
good review of
literature.
Demonstrate an
adequate level of
understanding of VM
concept and its
application through a
basic review of
literature.
Demonstrate and poor
level of understanding
of VM concept and its
application with a
scant review of
literature.
Problem analysis and
alternative solutions
(15%)
Demonstrates a
comprehensive and
structured analysis
of the problem and
issues and their
possible creative
alternative
solutions.
Demonstrates a very
good and structured
analysis of the
problem and issues
and their possible
creative alternative
solutions.
Presents a sound and
detailed analysis of the
problem and issues
and their possible
creative alternative
solutions.
Presents a basic level
of analysis of the
problem and issues
and their possible
creative alternative
solutions.
Demonstrates a lack of
understanding of the
problem and a weak
presentation of
alternative solutions.
Evaluation of solutions
and development (30%)
Critical and
systematic
evaluation of
alternative
solutions and
detailed
development of the
proposed solution.
Detailed and
systematic evaluation
of alternative solutions
and detailed
development of the
proposed solution.
Systematic evaluation
of alternative solutions
and detailed
development of the
proposed solution.
Basic level of
evaluation of
alternative solutions
and development of
the proposed solution.
Inadequate level of
evaluation of
alternative solutions
and poor level of detail
of the proposed
solution.
Understanding of the VM
process (15%)
Outstanding level of
understanding of
processes of VM
considering the
stages of the Job
Plan.
Very good level of
understanding of
processes of VM
considering the stages
of the Job Plan.
Good level of
understanding of
processes of VM
considering the stages
of the Job Plan.
Basic level of
understanding of
processes of VM
considering the stages
of the Job Plan.
Poor level of
understanding of
processes of VM
considering the stages
of the Job Plan.
Bachelor of Construction Management
School of Computing Engineering & Mathematics 4 | P a g e
Report writing and
presentation (20%)
(Style of writing, overall
presentation,
referencing, citations,
general structure,
readability, group
approach, use of figures
and tables and cross
referencing)
An outstanding
report in all aspects.
A very good report
with excellent
performance in some
aspects.
A good report
communicating the
key findings and the
use of VM.
A basic report with
some degree of
adherence to good
practice in report
writing.
A poor report that
does not adequately
communicate with
poor performance in
multiple aspects of
report writing.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bachelor of Construction Management School of Computing Engineering & Mathematics 1 | P a g e Assignment 2: Value Management Weight 25% Type of Collaboration Group Due 26 May 201 11:59 p.m. Submission Submit through TurnitIn Format 5 group members Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-132699","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/132699","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=132699"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/132699\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=132699"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=132699"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=132699"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}