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Developing and Interpreting the VfM Analysis (Team of 2 to 4 students allowed) (Example)

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LastName FirstNameInstructor`s Name: Class: Name: Achieving Value for Money-Kicking Horse Canyon Major costs and revenues component listed in the report. The Trans-Park Highway Group contract with the Province offered cost savings of $18.1 million. There were additional $2.8 million if the construction was to be completed 19 months before the expected completion. The expected net cost of the whole contract is $166.3 million but the Ministry of Transportation predicted the net cost of the public sector would be $184.4 million In the report there are three phases on how the construction would be completed. In the first phase there was a funding participation of $22.5 from the federal government. At the completion of construction in the year 2006 the total cost was $64 million. In the second phase the Federal Government contributed $62.5 million. Costs incurred by There were additional safety benefits from the innovation as compared to the public sector comparator. The project size was sufficient to ensure that improvements in the future will compensate for transaction costs Limitations and challenges of the VfM analysis In this report the analysis results were entirely dependent on assumptions particularly the risk transfer. The choice of discount rate can affect the results therefore extreme care is needed in ensuring risk costs are not double counted. Another limitation of this analysis is that is does not assess non-financial costs quantitatively. The benefits of the project are also not well assessed. The challenges of the Value for Money analysis include public acceptance different management approaches in place and high costs of private capital. There are revenue shortfalls as a result of lower tax receipts and federal toll restrictions [...]

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Developing and Interpreting the VfM Analysis (Team of 2 to 4 students allowed) We have studied VfM analysis in the PPP lecture. As your project work you need to select any one VfM report from the following two reports (please see the VfM reports attached) and you should answer the following: Developing the Framework of VfM 1. Identify all the major costs and revenues component listed in the report. (Max 200 words) 2. Identify the risks listed on the report and also their impacts (Max 200 words) 3. Identify the qualitative components listed in the reports. (Max 200 words) Developing the Quantitative Component of VfM Analysis 4. Imagine yourself as a government employee and from the answers you got in the above two questions develop/develop a quantitative VfM analysis. Your goal should be to obtain a histogram shown on slide #55 from PPP lecture slides. (Requires just one figure showing all the cost components) Interpreting the VfM (Subjective and you can differ from what exists on the report) 5. Using the above answer #3 and #4 you should discuss the combined value expected out of qualitative and quantitative components of the VfM report. Hint: Remember that we discussed about qualitative components in class. As an example I explained you about the immense joy (a social benefit) obtained by a family when being able to drive a few miles together for fun. The qualitative components cannot be combined with the dollar valued quantitative components. Hint: This is a subjective answer and you need to defend your answer. The defense should be short (one or two liners) but on the basis of facts (of course you need to use Google here!) of the region. If you use any document please do not forget to provide references. 6. What are the limitations and challenges of the VfM analysis document you reviewed? Hint: You can use slide #45 and 46 from the PPP lecture slides.

Subject Area: Construction

Document Type: Research Paper

This project has already been completed by one of the Studybay experts. The client rated this project:

Project's rating is 5/5

Price $25

Words 550

Pages 2

Completed in 1 day

Expert Josh N

Client Review

good in work

Positive
12.03.2016

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Subject of the project is Construction   Type of the project is Research Paper

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