Standards Development

Scope

This BSI Flex specifies the requirements for implementing a consistent approach to value-based decision making (throughout the project lifecycle of an asset) within the inter-related processes undertaken in the management of a built environment project.

This BSI Flex is intended to:

• be applied and implemented to project investment, procurement planning, optioneering and design decisions relating to all types of assets, regardless of size, complexity, or chosen procurement strategy;
• enable objectives to be developed and validated to establish a clear performance related brief for any project or programme;
• enable policy objectives to be delivered more effectively, as well as the delivery of better outcomes;
• operate in the context of wider management processes, including project management, value and change management and whole lifecycle intervention decisions; and 
• supplement competencies in many existing roles within organizations, their supply chain and teams.

NOTE It is for the client to decide how the process is implemented on a project or in a programme.

This standard specifies an approach on how value can be defined, created, delivered and measured. It specifies a framework within which clients can explore their required outcomes, but it does not specify what value means on any project or programme.

This BSI Flex does not specify all elements required in the delivery of a project. 

This BSI Flex is complementary to existing processes that assist with the wider management process of a project or programme, such as outlined in BS 12973.

This BSI Flex is intended for use by those with responsibility for making/implementing interventions in built environment assets.

This includes but is not limited to client organizations and their advisors, including asset managers, project managers, investment managers and analysts, commercial managers, such as cost managers or quantity surveyors, and asset managers.

The BSI Flex is relevant to specialist advisers (e.g. value, risk, economic, environmental and social value) and organizations within all tiers of the supply chain.