TechWatt Value and Risk Management Case Study Example | Topics and Well Written Essays - 3750 words

TechWatt Value and chance Management - Case Study ExampleThese are TechWatts presently known five requirements. First, fulfil the cognition of value in making such a move. Second, provide enough space for 15 quite a little working in a laboratory and light manufacturing. Third, provide enough office space for 12 managers and administrative staff. Fourth, provide space (e.g., a conference room) to accommodate visiting customers and prospects. Two conference retinue are preferable so when visitors use one, TechWatt employees have the other as needed. Fifth, TechWatt has 5 million to strain a headquarters.These pre-project objectives are an incomplete preferred solution. Its an initial brief with too little information to proceed to strategic Briefing. TechWatt makes software-hardware products. Constructing a headquarters facility is new with many unknowns. TechWatt will rely strongly on its interior decorator to be the Lead Consultant (LC) responsible to apprise the company of oc curring new developments at each step, and braggy good advice. Using the LCs experience is the smart approach to manage and try to optimise value and minimize risk, and do a strategic Briefing.TechWatt must more thoroughly define value. The Architect/LC is in the better(p) position to help clearly and concisely define and communicate value priorities and measurable expectations. This joint-effort Study uses RIBAs invention of Work to clearly define value. Using RIBA methods, the LC shall guide TechWatts work to identify and develop requirements (value), as healthful as identify constraints possibly blocking development. This is Work story A or the inception of the Headquarters Project (HQP). Stage A / Inception requires careful considerations, or appraisals of as many things as it is possible to see rough the HQP. The output of the Inception/Appraisal is a strategic Briefing which is Stage B. The Strategic Briefing shall define measurable value for the HQP. To make these det erminations TechWatt shall work in conjunction with the LC. For now, all parties are evaluating the initial brief.Needed Strategic Briefing with clarity - RIBA Work Stages A and BTechWatt needs to clearly determine future goals and cranial orbit of the HQP. Between now and the future, there is a gap to duo. Management perceives value of the HQP as a bridge across the gap. TechWatt steering has a Business Case mindset to support the aim to make a new headquarters. Business factors must stay in focus. Emotions must not override them. TechWatts executive management team and front-line management (hands-on software and hardware experts) are best suited to clarify ideas for a Strategic Briefing about headquarters. To successfully launch the HQP, management must clearly define but not be limited to - expected value added to TechWatt by the new headquarters, - must have resources (accommodations, capabilities, etc.) in the new headquarters, - nice to have resources (but possible to fit without), - people and machines to make headquarters run well into the future, - trade-offs - pros and cons to of creating headquarters or not (cost of Doing nothing), - positive costs (Quantity Surveyor with input of Production, Purchasing and Accounting), and - opportunity costs (money lost by not doing certain opportunities brainstormed by and large by