Value Assurance Process (VAP)
Value Assurance Process (VAP) is a key part of the continuous business investment. The VAP focus on all the three constituents i.e. schedule, cost and value.
InitiatingIt is concerned with identifying potential construction projects and documenting the basic, high-level business requirements and initial business case.
PlanningThe purpose is to develop engineering design & scope, plan activity, timelines, resource and identify legal requirements.
ExecutingThe purpose is to undertake construction and installation activities including procurement of material & supply of labour and equipment.
ControllingThe purpose is to perform overall monitoring of the project pregress in terms of cost, time, quality and scope.
ClosingThe purpose is to effectively hand over the construction structure after performing successful testing and commissioning.