Our Value Engineering and Value Management services provide for a full value assessed optioneering output, which is designed to provide a solution using a qualitative vs quantitative (quality vs cost) approach, which therefore recognises the best quality solution per £pound spent.

To achieve a full Value assessment of options, the following steps are usually adopted (which can be flexed to suit the complexity of the project and the needs of the client):

Quantitative Elements:
• Establish the Capital Costs associated with each option
• If applicable, establish the Life Cycle Cost of each option

Qualitative Elements:
• Working with and providing support for key stakeholders
• Identifying Measurement Criteria for the options
• Facilitating the process of applying weightings to these Criteria
• Setting out the measurement and scoring regime
• Facilitating option-scoring workshops
• Providing audit paths for the subsequent Value-based solution

The Qualitative and Quantitative processes must be operated in isolation of each other, as it is beneficial that the final value assessment is concluded without any knowledge of bias during execution.