Practical sheet | REF: FIC0428 V1

Value analysis

Author: Olaf DE HEMMER

Publication date: May 10, 2014 | Lire en français

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5. Finalizing the project: choosing a solution and monitoring its implementation

5.1 Choose a solution

The previous step results in a list of ideas or solution paths evaluated in "cost/benefit" terms. The optimal solution is then chosen:

  • by the decision-maker(s), for alternatives that maximize savings and other benefits and minimize costs, risks and drawbacks;

  • with all the stakeholders concerned by the needs and changes linked to its implementation, according to their sensitivity to risks;

  • at a meeting attended by all the project's internal players, for effective dialogue between stakeholders' points of view and collective decision-making.

The result of the process of choosing an optimal solution often leads to...

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