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

TechWatt Value and Risk Management - Case Study ExampleThese are TechWatts presently known tailfin requirements. First, fulfil the perception of value in making such a move. Second, provide enough space for 15 people 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. cardinal conference rooms are preferable so when visitors use one, TechWatt employees have the other as needed. Fifth, TechWatt has 5 million to make a home office.These pre-project objectives are an unelaborated 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 potently on its house decorator to be the Lead Consultant (LC) responsible to apprise the company of occurrin g new developments at each step, and giving good advice. Using the LCs interpret is the smart approach to manage and try to optimise value and minimise risk, and do a Strategic Briefing.TechWatt must more thoroughly fasten value. The Architect/LC is in the best position to help clearly and concisely make and communicate value priorities and measurable expectations. This joint-effort Study uses RIBAs Plan of Work to clearly define value. Using RIBA methods, the LC shall guide TechWatts work to identify and develop requirements (value), as well as identify constraints possibly blocking development. This is Work Stage A or the inception of the plate Project (HQP). Stage A / Inception requires careful considerations, or appraisals of as many things as it is possible to see about the HQP. The output of the Inception/ assessment is a Strategic Briefing which is Stage B. The Strategic Briefing shall define measurable value for the HQP. To make these determinations TechWatt shall work i n 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 scope of the HQP. Between now and the future, thither is a gap to bridge. Management perceives value of the HQP as a bridge across the gap. TechWatt management has a Business Case mindset to support the withdraw 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 live without), - people and machine s to make headquarters run well into the future, - trade-offs - pros and cons to of creating headquarters or not (cost of Doing nothing), - actual costs (Quantity Surveyor with input of Production, Purchasing and Accounting), and - opportunity costs (money lost by not doing certain opportunities brainstormed largely by