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Six weeks should be allowed in the program to conduct the study from the
appointment of Facilitator and Independent Expert to the acceptance of the
report by the Project Control Group. A minimum of one day should be
allowed for the VM study for projects of less than $5 million and at least 2
days for projects of more than $10 million.
Roles of Participants
It is critical that the CEO fully supports the outcomes of the Value
Management study and makes a commitment to do so prior to the study
being completed. The CEO should also ensure that all facilities and people
required for the study are available. The roles of the participants in the study
are summarised as follows.
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All participants in workshop:
• Provides information
• Develops selected ideas into a working solution.
The PCG considers the action plans that are proposed as a result of the
Value Management study (and is expected to do so before approving the
relevant Phase of the project).
• Executive Summary
• Introduction and Background
• Participants
• Key Issues
• Action List which should be categorised into “Immediate Actions” and “Follow
Up /Review Items”
• Recommendations
• Checklist.
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