I had the pleasure to sit on a panel at the Lean Construction Institute’s 2015 Lean Design Forum in Berkeley, representing the Project Production Systems Laboratory (P2SL) Target Value Design (TVD) Research Group led by Dr. Glenn Ballard of UC Berkeley. P2SL consists of researchers, architects, structural engineers and contractors who’ve participated in projects utilizing the Integrated Project Delivery (IPD) method.
The TVD Research Group has spent the last 5 years studying five major healthcare projects in California, which have been involved in an IPD or a similar contractual framework. The ultimate goal of the work done by the TVD Research Group is to help restore confidence in shared risk and reward project delivery models. Subsequently, the panelists presented lessons learned regarding the challenges and risks of applying TVD to such projects and answered questions from the audience. The lessons learned covered topics from project validation, target cost, involvement of the right people, companies to be included in the risk pool, to necessary behavior of team members and owners.
Based on the favorable outcome of the session and continued interest, the topic will be presented again at LCI’s National Congress in Boston later this year.« Back to News