Value Engineering

This project scope statement creation approach attempts to find the correct level of quality in relation to a reasonable budget for the project deliverable while still achieving an acceptable level of performance of the product. Basically, this approach wants the biggest bang for the project's buck—as long as the bang and the buck create a deliverable that performs as expected. Consider a home remodeling project: the home owner could choose silk drapes and gold doorknobs or wool drapes and brass doorknobs and get the same function. Their demand for a quality, grade, and function is in relation to how much capital they'd like to invest in their home project.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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