Version 1.0 of BSI Flex 390 is available for download. Commenting has now closed. Received comments will be used to inform the development of version 2.0 of this BSI Flex.
What is BSI Flex 390 v.1.0 - Value-based decision making about?
The UK built environment sector traditionally sees value in financial terms, or at best in terms of cost and quality. BSI Flex 390 v.1.0:2022-06 is the first version of a new Flex standard designed to help with considering value in terms of four different pillars: natural, human, social and produced. Complementary to existing processes and systems, and sponsored by the government’s Construction Innovation Hub, it can help users make value-based decisions that drive better social, environmental and economic outcomes.
Who is BSI Flex 390 v.1.0 - Value-based decision making for?
Anyone in the built environment with responsibility for making or implementing intervention investments in build environment assets; or those wishing to adopt a process for systematically introducing value-based decision making when procuring or acquiring an asset, including:
- Client organizations and their advisors
- Asset managers
- Project managers
- Investment managers and analysts
- Commercial managers such as cost managers or quantity surveyors
- Asset managers
- Those involved in the specification of construction works
- Public sector clients/procurers
- Private sector clients
- Framework providers
What does BSI Flex 390 v.1.0 - Value-based decision making cover?
It specifies requirements for implementing a consistent approach to value-based decision making throughout the project lifecycle of an asset and within the inter-related processes undertaken in the management of a built environment project.
It utilizes a Value Definition Framework to help users consider value in terms of four overarching pillars: natural, human, social and produced.
BSI Flex 390 v.1.0:2022-06 is intended to:
- Be applied to and implemented in project investment, procurement planning, optioneering and design decisions relating to all types of assets, regardless of size, complexity or chosen procurement strategy
- Enable objectives to be developed and validated to establish a clear performance related brief for any project or programme
- Enable policy objectives to be delivered more effectively, as well as the delivery of better outcomes
- Operate in the context of wider management processes, including project management, value and change management, and whole life cycle intervention decisions
- Supplement competencies in many existing roles within organizations, their supply chain and teams
NOTE: This BSI Flex is complementary to existing processes that assist with the wider management process of a project or programme, such as outlined in BS 12973. As a BSI Flex standard, it allows for iterative modification as processes develop, lessons are learned and practical experience is gained. This iteration - Flex 390 Version 1 – focuses on the value-based decision making process, and its breadth and technical detail. Version 2 will resolve connections to existing standards, in part based on feedback derived at public comment phase.
Why should you use BSI Flex 390 v.1.0 - Value-based decision making?
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It provides a clear, modern approach to how value in the built environment can be defined, created, delivered and measured to drive better social, environmental and economic outcomes
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It is a value-based add-on to existing project management processes, rather than another system to learn and invest in
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It provides a framework within which clients can explore their required outcomes
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It creates an ongoing up-to-date reference point so that organizations are able to benchmark and develop their operations
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It gives confidence of a rigorous process as well as the ability to verify conformity
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It creates greater resilience and efficiency, with adaptable good practice
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It supports innovation within organizations and industries
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It aligns with the principle of value-based decision making already in use in government and the private sector
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It strengthens risk management and increases confidence
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It is UK-developed but has global application
BSI Flex 390 v.1.0:2022-06 contributes to UN Sustainable Development Goal 11 on sustainable cities and communities and Goal 12 on responsible consumption and production.