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Construction Management Delivery System
Published in Abdul Razzak Rumane, Handbook of Construction Management, 2016
The owner’s need must be well defined, indicating the minimum requirements of quality and performance, an approved main budget, and the required completion date. Sometimes, the project budget is fixed and, therefore, the quality of the building system, materials, and finishes of the project need to be balanced within the budget. A business case typically addresses the business need for the project and the value the project brings to the business (project value proposition). A value proposition is a promise of value to be delivered by the project. The following questions address the value proposition: How the project solves the current problems or improves the current situation?What specific benefits the project will deliver?Why the project is the ideal solution for the problem?
How Disney Saves Energy
Published in Barney L. Capehart, Timothy Middelkoop, Paul J. Allen, David C. Green, Handbook of Web Based Energy Information and Control Systems, 2020
New projects and renovations provide a great opportunity to incorporate energy saving products into the design. Even though the incremental cost to install an energy saving project would most likely be lowest if installed during a scheduled facility downtime or as part of new construction, the project budget might not be able to support the increased incremental cost. Estimating the potential internal rate of return (IIR) resulting from the expected annual cost savings helps justify increased project budget. A business case can be prepared that details the scope, shows alternatives, describes potential risks and rewards of the project. A strong business case and a high IRR will certainly help sell the project to management.
Magic)
Published in Barney L. Capehart, Lynne C. Capehart, Paul Allen, David Green, Web Based Enterprise Energy and Building Automation Systems, 2020
New projects and renovations provide a great opportunity to incorporate energy saving products into the design. Even though the incremental cost to install an energy saving project would most likely be lowest if installed during a scheduled facility downtime or as part of new construction, the project budget might not be able to support the increased incremental cost. Estimating the potential internal rate of return (IIR) resulting from the expected annual cost savings helps justify increased project budget. A business case can be prepared that details the scope, shows alternatives, describes potential risks and rewards of the project. A strong business case and a high IRR will certainly help sell the project to management.
The front-end of projects: a systematic literature review and structuring
Published in Production Planning & Control, 2019
Terry Williams, Hang Vo, Knut Samset, Andrew Edkins
The particular importance of the front-end is because critical decisions are made during this phase (Kock, Heising, and Gemünden 2015; Jankovic, Cardinal, and Bocquet 2009). Heising (2012) discusses how at the front-end, opportunities are discovered, ideas are created, and the foundation for the later project, portfolio, and, eventually, corporate success is laid. A key advantage of this phase is the clarity with which the fundamental reasons for the project can be addressed, before the confusion between achieving ‘project delivery’ success and ‘project outcome’ success. Because the Business Case (BC) focuses on the benefits the customer or user hopes to receive, this can form the basis of the planning documents (KloppenborgTesch, and Manolis 2014). Kwak et al. (2014) show an example of the clarity arising from this phase in the case of the Hoover Dam.
Adopting an Open Innovation Program with Supply Chain Management in China: A Case Study
Published in Engineering Management Journal, 2018
Antonio K. W. Lau, Leo W. Y. Lee, Kee-Hung Lai, Peter K. C. Lee
After the innovative ideas were collected, the sales & marketing unit of the company reviewed all the ideas and selected to create new value propositions. The focus at this stage was on identifying ideas that could lead to new value propositions capable of addressing customer needs from the perspective of potential, profitable markets. The sales & marketing unit required a good business case to develop propositions. A business case is a comprehensive and highly structured written document prepared in support of a specific business need. The business case covered the background of the new product idea; expectations in terms of commercial benefits, risks and costs; alternatives with reasons; and a business gap analysis with due justification. This resulted in value propositions that addressed new customer values according to substantial evidence on the quantified costs, risks, benefits, and values that the ideas can provide. Thus, in order to generate a persuasive business case, the sales & marketing units had to refer substantially to previous NPD projects, leading to the selection of incrementally improved or similar product ideas.