Value Creation Assessment Tool for Green Buildings: Development and Implementation

Table 6

Building two results of the risk assessment tool.

To what extent is the value creation in the design of this project impacted by the following risk factors?				Scale	Total points	Scores gained	Cluster Wms (%)
0 no impact  3 moderately impacted  5 highly impacted			Weight
Financial risks 37.09%	R11	Failure to recognise cost-value mismatches	2.789	3	31	8.37	47.97
	R10	Failure to identify cost-value relationships	2.764	0		0.00
	R8	Failure to consider the cost of losing potential revenue	2.822	0		0.00
	R12	Failure to appropriately locate cost-to-function allocation	2.797	3		8.39
	R9	Uncertainty about prices	2.805	5		14.03
	R5	Inappropriate cost evaluation criteria	2.888	3		8.66
	R6	Failure to consider future operational costs	2.896	0		0.00
	R3	Failure to consider implication of economic conditions	2.789	3		8.37
	R1	Insufficient funding	2.995	5		14.97
	R7	Failure to recognise cost as resource expenditure	2.822	0		0.00
	R65	Incorrect estimated cost of maintenance	2.937	3		8.81
	R63	Incorrect cost estimate	2.986	3		8.96
	R66	Incorrect estimated cost of energy used	2.797	3		8.39
Functional risks 23.19%	R20	Failure to consider construction implications during design	2.805	3	20	8.42	50.23
	R19	Failure to design to brief/specification	2.773	3		8.32
	R17	Failure to examine specifications due to unnecessary expense	2.838	3		8.52
	R33	Failure to integrate the various systems to achieve the lowest life-cycle costs	2.797	0		0.00
	R21	Design changes	2.962	3		8.89
	R22	Redesign/rework	2.962	5		14.81
	R35	Failure to identify low-value, long-lead-time items	3.102	3		9.30
	R36	Failure to consider design risks	2.954	0		0.00
Operational risks 8.50%	R44	Failure to consider increase in routine maintenance	2.830	0	3	0.00	20.27
	R45	Failure to consider increase in life-cycle replacement	2.797	0		0.00
	R39	Failure to consider design impact on operating efficiency	2.871	3		8.61
Environmental risks 8.00%	R38	Failure to consider obsolescence of equipment impact	2.674	0	0	0.00	0.00
	R43	Failure to consider maintainability and reparability impact	2.567	0		0.00
	R47	Failure to consider implication of environmental risks	2.756	0		0.00
Management risks 23.23%	R49	Poor project management	2.929	3	24	8.79	60.60
	R50	Poor definition of the scope and objectives of projects	2.805	0		0.00
	R51	Project scope unscheduled items	2.847	0		0.00
	R57	Improper project planning and budgeting	2.871	5		14.36
	R53	Lack of coordination and decision making	2.896	5		14.48
	R64	Incorrect time estimate	3.060	5		15.30
	R54	Poor team relationships	2.814	3		8.44
	R28	Poor design that may lead to higher operation costs	3.003	3		9.01