From this, many ideas, some entirely new, are brought forward for analysis and ranking . Brainstorming is an essential part of the Value Management technique . Brainstorming A technique to develop alternative solutions through an unrestrained exchange of ideas. Part icularly useful in generating a list of potential project risks . Break Even A situation that exists when cost and revenue are equal.
Profit is zero.
Break-Even Chart A graph ic representation of the relation between total value earned and total cost s for various levels of productivity . Often it is possible to draw a graph showing the relation between the increased cost of accelerating project progress and the cost benefit of reduced project overhead and earlier cash flow from product sales . When IDC is factor ed in near the end of a commercial project almost any cost that results in greater progress can be justified, provided that the benefit is actual ly realized. This is why many projects end up work ing heavy overtime close to completion . The chart s can be used to show how the cost of better planning can be justified to produce the same result at less total cost .