BAQS 3140

Project Objectives
/Quality, Time, Cost,
Risks and responsibility

1
 Development of procurement
strategy
• General components

1. Analysis – assess + set project objectives

2. Choice – see possible options, evaluate,
select
3. Implement – put the strategy into effect

4. Monitor – see that the strategy is

properly implemented
5. Feedback
2
 Project objectives
Rate of interest
Inflation
• Factors to consider Legislation etc
Environment

– Beyond the team’s control Knowledge + experience

Culture
Expectation
Ext. influences
– Client’s resources Client’s involvement

– Project characteristics Size

Complexity
Location
Costs
3
 Project objectives
• Factors to consider Total needs possible?
Technology
Scope
Design freeze?
– Ability to make changes
Identification
Impacts
– Risk and its management Accept
Transfer
Share

Client Others

Consultants Contractor

4
 Project objectives
Performance – client’s needs
Over or under or normal
• Factors to consider Client’s involvement
Program
Q Project characteristics
– Quality Design time
Appointment of team members
Approvals
Construction, etc
– Time Occupation

Certainty –design complete b4

– Cost construct?
Cost of changes – to time,
money?
T C Fixed a date for change?
How much? 5
 Project objectives
• The Quality, Time, Cost issue

– Low Cost = low quality / longer time

– Shorter time = low quality / high cost

– High quality = high cost / longer time

6
 Profiling your client/project
Q
Client
Project

Zero

T C

Matching needs and typology = compromise is required !!

7
Profiling your client/project

Risk/responsibility/reward

Client

Constructor