Management Services

Value Solutions provide consultancy services to a wide range of clients across the UK and internationally. Some key areas that we specialise in are outlined below.

Value Management

Value Management (VM) and Value Engineering (VE) is a structured and systematic approach to improving value from a project by establishing clear views and consensus among key stakeholders:

• About the nature of the problem or opportunity to be addressed and hence the project objectives.
• That the proposed solution represents the best possible response.
• That the scope of the solution encompasses only those functions that are necessary to satisfy the defined problem or opportunity. 

Risk Management

Risk Management is a process which enables the identification, assessment, planning and management of all the risks associated with undertaking a project. In the context of Project Risk Management a risk is defined as an uncertain event or set of circumstances that, should it or they occur, will have an effect on either the Project's business objectives in terms of safety (both during the project and after handover), operability, reliability and maintainability i.e. Business Risks or the Project's objectives in terms of time, cost and quality/performance, i.e. Project Risks. 

Whole Life Costing

Whole Life Costing refers to a structured analysis in which the capital cost of the project and all relevant future costs are made explicit and used:

• As the basis for a cash flow prediction over a fixed period of time for budgeting, cost planning, tendering, cost reconciliation and audit.
• In an option appraisal exercise to evaluate various solutions to a given design problem.

Asset Management

Asset Management (AM) is a structured and holistic approach to aligning and managing the performance of assets as an organisational resource to meet business objectives and drivers. Increasingly risk based asset management has come to the fore which enables organisations to address assets that pose the greatest risk to the delivery of company objectives.

Whole Life Value

We provide a complete framework for integrating Value Management, Risk Management and Whole Life Costing, including considering important aspects such as sustainability and environmental factors, to address and make explicit Whole Life Value on projects and in organisations. An outline of this framwork can be downloaded here.