Value and Risk Management -- Contents -- Foreword -- Preface -- About the Author -- Acknowledgements -- 1 Key features and benefits -- 1.1 Why successful projects need value and risk management -- 1.2 Delivering success -- 1.3 Summary -- 2 Principles of value management -- 2.1 Essential attributes -- 2.2 A brief history -- 2.3 Language -- 2.4 Concepts -- 2.5 The family -- 2.6 Value management through the project cycle -- 2.7 The generic process -- 2.8 Value or cost - balancing benefits and investment -- 2.9 The value of time -- 2.10 Quality -- 2.11 Measuring value -- 3 Principles of risk management -- 3.1 Essential attributes -- 3.2 Evolution -- 3.3 Language -- 3.4 Concepts -- 3.5 The family -- 3.6 Risk management cycle -- 3.7 A generic risk management process -- 3.8 Risk to quality -- 3.9 Measuring risk -- 3.10 Contingency management -- 3.11 Time risk -- 4 An integrated approach to value and risk management -- 4.1 Why integrate? -- 4.2 The integrated process -- 4.3 Timing -- 4.4 Project stages and study types -- 4.5 Understanding the client's business -- 4.6 Programmes of projects -- 4.7 Project launch studies -- 4.8 Summary of value and risk study types -- 4.9 Critical success factors -- 4.10 A framework for introducing value and risk management into an organisation -- 4.11 Embedding value and risk management in an organisation -- 4.12 Drawing on experience -- 4.13 Selecting the appropriate level of activity -- 5 People -- 5.1 The people and their roles -- 5.2 Collaboration versus confrontation -- 5.3 Stakeholder analysis and management -- 5.4 Team building -- 5.5 Partnering -- 5.6 Communications -- 5.7 The supply chain -- 5.8 Selecting the study team -- 5.9 The study leader -- 5.10 Styles of leadership -- 5.11 A study structure based on logic -- 5.12 Overcoming difficulties -- 5.13 Using conflict to advantage -- 5.14 Gaining consensus.

5.15 Developing value and risk culture -- 5.16 Language -- 6 Concepts, standards and qualifications -- 6.1 Understanding value and risk -- 6.2 Understanding value -- 6.3 Understanding risk -- 6.4 Training and certification systems -- 7 Learning from others -- 7.1 Practice in other sectors -- 7.2 A value and risk approach to project development -- 7.3 Soft value management -- 7.4 Value management in manufacturing -- 7.5 Value management for public services -- 7.6 Risk and enterprise -- 7.7 The impact of partnering on value and risk -- 7.8 Just how mature are your organisation's processes? -- 8 Study types -- 8.1 Types of study -- 8.2 Value management studies -- 8.3 Risk management studies -- 8.4 Combining value and risk reviews -- 8.5 Project reviews -- 8.6 European practice -- 8.7 The project cycle -- 8.8 Building on experience -- 9 Techniques for value and risk -- 9.1 The need for techniques -- 9.2 Preparation before a study -- 9.3 Invitation to participate -- 9.4 The workshop -- 9.5 Recording -- 9.6 The wrap-up meeting -- 9.7 Reporting -- 9.8 Reviewing progress -- 9.9 Whole-life costing -- 9.10 Stakeholder analysis -- 9.11 Partnering -- 9.12 Mind mapping -- 9.13 The Delphi technique -- 10 Value management techniques -- 10.1 Value management techniques -- 10.2 Function analysis -- 10.3 Function analysis system technique -- 10.4 Cost/worth -- 10.5 Multifunctionality -- 10.6 SMART methodology -- 10.7 Value drivers -- 10.8 Value profiling (or value benchmarking) -- 10.9 Option selection -- 10.10 Weighting techniques -- 10.11 Generating ideas for adding value (creative techniques) -- 10.12 Selecting the best ideas (evaluation) -- 10.13 Developing implementation proposals -- 10.14 Scenarios -- 10.15 Target costing -- 10.16 Function performance specification -- 11 Risk management techniques -- 11.1 Risk management techniques.

11.2 Risk analysis and management -- 11.3 Identifying risks -- 11.4 Assessing risk -- 11.5 Managing risk -- 11.6 Optimism bias -- 11.7 Construction,design and management regulations -- 11.8 Risk breakdown structures -- 11.9 Failure modes and effects analysis -- 11.10 Hazard and operational studies (HAZOP) -- 12 Toolbox - checklists, forms and tables -- 12.1 Toolbox - summary -- 12.2 Briefing checklist -- 12.3 Information checklist -- 12.4 Study toolkit -- 12.5 Workshop invitation -- 12.6 Recording information generated during the workshop -- 12.7 Reports -- 12.8 Value management categories/prompt list -- 12.9 Risk identification prompt list -- 12.10 Value profiling proforma -- 12.11 Option evaluation matrix -- 12.12 Weighting tool -- 12.13 Paired comparison proforma -- 12.14 Proforma for whole-life cost estimating -- 12.15 Scenario building form -- 12.16 Whole-life cost checklist -- 12.17 HAZOP analysis sheet -- 12.18 Room layouts -- Appendix A: Bibliography -- Appendix B: Glossary -- Index.