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Integrating Value Management, Risk Management and Value for Money Tendering in Local Government

Institute of Value Management Conference 2000. 21. Value Management.

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Integrating Value Management, Risk Management and Value for Money Tendering in Local Government

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    1. Institute of Value Management Conference 2000 11 Integrating Value Management, Risk Management and ‘Value for Money’ Tendering in Local Government

    2. Institute of Value Management Conference 2000 21 Value Management “A structured , systematic and analytical process which seeks to achieve value for money by providing all the necessary functions at the lowest total cost consistent with required levels of quality and performance” STANDARDS AUSTRALIA - AS/NZS 4183:1994

    3. Institute of Value Management Conference 2000 31 PHASES of JOB PLAN INFORMATION PHASE ANALYSIS PHASE CREATIVITY PHASE JUDGEMENT PHASE DEVELOPMENT PHASE

    4. Institute of Value Management Conference 2000 41 Risk and opportunity considered in major decisions Each operating unit maintains an integrated risk register A formal risk analysis is included in every major capital acquisition or procurement decision Key risk/opportunities areas and “their drivers” be monitored through management/Board reporting systems

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