VALUE AND RISK MANAGEMENT PROTOCOL FOR DYNAMIC BRIEF DEVELOPMENT IN CONSTRUCTION Essay

Words: 8348
Pages: 34

Emirates Journal for Engineering Research, 10 (2), 23-36 (2005)
(Regular Paper)

VALUE AND RISK MANAGEMENT PROTOCOL FOR DYNAMIC
BRIEF DEVELOPMENT IN CONSTRUCTION
A.A.E. OTHMAN
Department of Social Services and Commercial Buildings, Abu Dhabi, United Arab Emirates aothman@emirates.net.ae (Received August 2005 and accepted November 2005)

‫اﻟﻨﻈﺮﻳﺎت اﻟﺤﺎﻟﻴﺔ ﻟﻌﻤﻠﻴﺔ اﺳﺘﺨﻼص ﻣﺘﻄﻠﺒﺎت اﻟﻤﺸﺮوع ﺗﺤﺪد ﺗﻄﻮﻳﺮ هﺬﻩ اﻟﻤﺘﻄﻠﺒﺎت اﻟﻲ ﻣﺮﺣﻠﺔ ﻣﻌﻴﻨﺔ. هﺬا اﻟﻤﻨﻈﻮر‬
.‫ﻳﻌﻮق اﻟﺘﻔﺎﻋﻞ ﺑﻴﻦ اﻟﻤﺎﻟﻚ و اﻟﻤﺼﻤﻢ، آﻤﺎ ﻳﻤﻨﻊ اﻻﺳﺘﻔﺎدة ﻣﻦ ﻓﺮص اﻟﻘﻴﻤﺔ اﻟﺘﻲ ﻗﺪ ﺗﺆدي اﻟﻲ ﺗﺤﺴﻴﻦ أداء اﻟﻤﺸﺮوع‬
‫ﻣﺒﺪأ اﻟﺘﻄﻮﻳﺮ اﻟﺪﻳﻨﺎﻣﻴﻜﻲ ﻟﻤﺘﻄﻠﺒﺎت اﻟﻤﺸﺮوع ﺗﻢ ﺗﻘﺪﻳﻤﻪ آﻤﺪﺧﻞ ﻟﻠﺘﻐﻠﺐ ﻋﻠﻲ ﻗﺼﻮر اﻟﻨﻈﺮﻳﺎت اﻟﺤﺎﻟﻴﺔ. هﺬا اﻟﻤﺒﺪأ ﻳﺪﻋﻢ‬
‫و ﻳﺸﺠﻊ ﺗﻄﻮﻳﺮهﺬﻩ اﻟﻤﺘﻄﻠﺒﺎت ﻃﻮال دورة ﺣﻴﺎة اﻟﻤﺸﺮوع ﻣﻦ أﺟﻞ اﻟﻮﺻﻮل اﻟﻲ رﺿﺎء اﻟﻤﺎﻟﻚ
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This paper aims to establish the basis and set the rules for this approach, and develop the tool that will manage and control dynamic brief development.
Two objectives were developed to achieve this aim.
The first one is theoretical, which focused on examining the role of VM and RM in managing dynamic brief development. The second objective is practical which presents an innovative decision making tool, developed by the author that will be used in the process of making an appropriate brief development decision.

2. VALUE MANAGEMENT FOR MANAGING
DYNAMIC BRIEF DEVELOPMENT
VM has been defined as a systematic, multidisciplinary effort directed towards analysing the functions of projects for the purpose of achieving the best value at the lowest overall life cycle cost [7]. The use of VM in construction projects is steadily increasing as clients seek better outcomes from their investment in building and structure. Some clients include the requirements for VM workshop in building contracts, as a way of ensuring optimal solutions. VM is a fundamental tool that brings together a range of project stakeholders in the VM workshops, where different views can be debated, and problems could be avoided [8]. VM as a structured approach with its powerful philosophy and approach plays an important role in managing dynamic brief development for the following reasons.
1. VM is a totally client driven technique