Note to Owners completing the VfM Statement

The VfM Statement allows the Owner to clearly and succinctly document how VfM will be defined and measured on an alliance project.

The VfM Statement should include project deliverables to be achieved by the alliance and the success criteria by which the alliance will be ultimately judged. It needs to be aligned to the approved Business Case for the project, and completed before the engagement process commences.

This template is provided to assist the Owner with the drafting process. It can be expected that the Owner will make modifications and additions to this template to cater for the individual characteristics of alliance projects.