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Summary
This summary is machine-generated.

Target Value Design (TVD) is a project management approach where clients set an allowable cost, guiding design and construction. This method fosters collaboration and continuous improvement to meet project goals and client value.

Keywords:
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Area of Science:

  • Project Management
  • Construction Management
  • Healthcare Facility Design

Background:

  • Traditional project design focuses on client preferences.
  • Lean design emphasizes educating stakeholders for long-term facility benefits.
  • Target Value Design (TVD) offers an alternative project development process.

Purpose of the Study:

  • To introduce the healthcare community to Target Value Design (TVD).
  • To explain the tools and techniques used in the TVD process.
  • To demonstrate how TVD supports project participants in creating optimal solutions.

Main Methods:

  • TVD begins with the client defining an allowable cost.
  • Stakeholder interactions define project wishes and methods for achievement.
  • Target cost is established based on expected profit and continuous improvement cycles.

Main Results:

  • TVD integrates client-defined costs with stakeholder input for project goals.
  • The process utilizes rapid cycles of suggestion, analysis, and implementation.
  • It prioritizes defining client value early in the project lifecycle.

Conclusions:

  • TVD promotes a collaborative and cost-driven approach to project design.
  • This methodology can lead to better-designed healthcare facilities that meet current and future needs.
  • Educating participants on TVD tools and techniques is crucial for successful implementation.