Information Phase

The objective of the Information Phase is to complete the value study data package started in the Pre-Study work. If not done during the Pre-Study activities, the project sponsor and/or designer brief the value study
team, providing an opportunity for the team to ask questions based on their data research. If a “site” visitation was not possible during Pre-Study, it should be completed during this phase.

The study team agrees to the most appropriate targets for improvement such as value, cost, performance, and schedule factors. These are reviewed with appropriate management, such as the project manager, value study
sponsor, and designer, to obtain concurrence.

Finally, the scope statement is reviewed for any adjustments due to additional information gathered during the
Information Phase.