VMs are defined as a systematic and innovative multi-disciplinary approach to study the functional needs of a program, design, product, service, project, facility and system to achieve optimum value and cost without compromising the level of program / project level. Please click Value Management Implementation Guide in Government Projects for more information.
VM implementation in UPM covers three (3) key areas:
VM involves a cycle of research that involves Valuation (VA), Valuation Engineering (VE) and Valuation (VR) studies.
The purpose of VA is an approach to improve the value of an item or process by understanding its constituent components and their associated costs. It then seeks to find improvements to the components by either reducing their cost or increasing the value of the functions.
Generally risk is an issue or event or that exists and can impact the achievement of an organization's vision, mission, objectives or goals. However, in the context of UPM, risk is the effect of uncertainty on the achievement of the goals of the UPM Strategic Plan, financial impact, operating impact and impact on university regulations.
It is a method of systematically identifying, assessing and controlling risks so that they are likely to be eliminated or minimized.
There are five (5) risk categories classified by UPM, namely:
It is a holistic management process that identifies the threats and risks, the impact of those threats and the risks to UPM's critical functions, and the determination of strategies to ensure UPM services are sustained in the event of disruptions or disasters.
How does Business Continuity Management work? There are three (3) Component Plans that support Business Continuity Management :
Updated:: 27/04/2015 [hairul_nizam]
Level 3, Bangunan Canselori Putra
Universiti Putra Malaysia
43400 UPM, Serdang
Selangor Darul Ehsan