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FREQUENTLY ASKED QUESTION

Value Management
1
What is Value Managment?

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.

2
What is the implemention scope for VM?

VM implementation in UPM covers three (3) key areas:

  • Planning and implementation of physical projects above RM200,000.00;
  • Planning and implementation of high cost university programs; and
  • Planning and development of ICT system worth RM200,000.00 and above.
  • 3
    What are the levels of VM?

    VM involves a cycle of research that involves Valuation (VA), Valuation Engineering (VE) and Valuation (VR) studies.

    4
    What is Value Analysis (VA)?

    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.


    Risk Management
    5
    What is risk?

    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.

    6
    What is Risk Management?

    It is a method of systematically identifying, assessing and controlling risks so that they are likely to be eliminated or minimized.

    7
    What are the risk categories classified in UPM?

    There are five (5) risk categories classified by UPM, namely:

  • Strategic - In the context of UPM, strategic risk is the effect of uncertainty on the achievement of KPIs and the goals of the UPM Strategic Plan, impact on finance, politics, legislation, reputation and physical environment changes.
  • Operational -  It deals with the day-to-day issues that universities face in order to achieve their strategic objectives.
  • Financial - It is related to the effectiveness of university financial management and control and the impact of external factors.
  • Knowledge management - Issues related to management and control over knowledge resources, productivity, protection and communication to management.
  • Compliance - Issues need to be taken into account regarding occupational safety and health, the environment, data protection and information, employment practices and other legal issues. 

  • Business Continuity Management
    8
    What is Business Continuity Management (BCM)?

    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.

    9
    How does Business Continuity Management work?

     How does Business Continuity Management work? There are three (3) Component Plans that support Business Continuity Management :

  • Emergency Response Plan (ERP) - A systematic planning plan to ensure immediate action to control the occurrence of disasters / disasters is carried out strategically and effectively.
  • Disaster Recovery Plan  (DRP) - Infrastructure recovery plans & critical services to ensure the university returns to normal operations.
  • Communication Crisis Plan (CCP) - Plans that provide policies & procedures for coordinating alerts for the public, staff, students, families in the event of a disaster at UPM. 
  • Updated:: 27/04/2015 [hairul_nizam]

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