Standards Development

Scope

This BSI Flex specifies the requirements for implementing a consistent approach to value-based decision making (throughout the lifecycle of an asset) within the inter-related processes undertaken in the management of a built environment project. There is a particular focus on the definition of value that integrates sustainability and moves away from purely cost-based decisions.

NOTE 1 The Value Toolkit [1] provides a suite of tools and guidance to align with the requirements set out in this BSI Flex.

This BSI Flex is intended to:

•           be applied to and implemented in 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, sustainability-based, performance-related brief for any programme or project;

•           enable policy objectives to be identified, validated and delivered more effectively, to enable the delivery of sustainable outcomes;

•           operate in the context of wider management processes, including project, value and change management and whole lifecycle intervention decisions; and

•           supplement competencies in many existing roles within organizations, their supply chains and teams.

NOTE 2 It is for the client to decide how the process is implemented on a project or in a programme.

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

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 programme or project, such as outlined in BS EN 12973.

NOTE 3 For example, BS EN 12973 details the value core method/tools involved in function analysis, which is key to identifying stakeholders’ needs and in prioritizing them to realize outputs, outcomes and benefits.

This BSI Flex is intended for use by those with responsibility for making or implementing interventions in relation to built environment assets. While everyone has a role in value-based decision making, this BSI Flex is primarily intended for client organizations and their advisers.