Making Value Targets Visible in Target Value Design

However, rigidly adhering to cost targets without a balanced focus on maximizing customer-defined value can potentially undermine TVD's efficacy and intent. Lost in the cost management mechanics is the risk of sub-optimizing or value-engineering away aspects of projects that are vitally important to customer priorities. As a result, projects may hit their budget targets and yet fall short in realizing owners' expected outcomes.

In this presentation we pose the question: would it be useful for project teams to make value targets visible? What successful examples can we find out there?

The assumption of our investigation is that by placing equal focus on managing both cost and value targets, TVD teams can achieve powerful synergies that unlock new levels of customer satisfaction, buy-in and overall project effectiveness.  This presentation will illustrate through a case study how organizations can implement processes for value-driven TVD and discuss the positive impacts of that.

Speakers:

• Dr. Patricia A. Tillmann, Founder and Consultant, Realize Value, LLC is an architect with a PhD in Civil Engineering and has focused her career on supporting owners, contractors, and designers to adopt collaborative practices that aim to improve project performance, increase innovation, and maximize value delivery. Patricia is a Board Member of the Center for Innovation in California and a Senior Manager for Lean Project Development at the Boldt Company, where she spends most of her time advising and coaching project teams on integrated practices for design and construction.
  

• Glenn Ballard, Research Associate, P2SL - UCBerkeley began lecturing on productivity and quality improvement at the University of California, Berkeley in 1989 and was named Research Director for the university’s Project Production Systems Laboratory (P2SL) in 2005. He co-founded the International Group of Lean Construction (IGLC) in 1993, the Lean Construction Institute (LCI) in 1997, the P2SL in 2005, and Lean in the Public Sector in 2007. Glenn is currently working on a TVD book that will be published soon.
  

Free onsite parking.