Best practices, value-enhancingpractices, and value management and engineering are buzzwords usedthroughout the engineering and construction industry. Oftenconfusion and mystery surround the meaning o..
Best practices, value-enhancing
practices, and value management and engineering are buzzwords used
throughout the engineering and construction industry. Often
confusion and mystery surround the meaning of these terms.
Project teams can become overwhelmed by
the diversity and complexity of the value management processes
(VMPs). The result is that many companies cannot get value
management programs defined, organized and implemented on a project
level.
The Construction Industry Institute
(CII) sponsored a team that has developed an interactive, Web-based
tool to aid in understanding and selecting appropriate VMPs. The
Value Management Toolkit provides an overview of 44
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