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Benchmarking the Value of Best Practices

Event Date
Jul 31, 2002
Type
Conference Presentation
Research Team
BM-VBP
Slides
41
Topic
Benchmarking & Metrics Value of Best Practices
DOCUMENT DETAILS
Abstract
Filters & Tags
Abstract
Since the establishment of the Construction Industry Institute (CII) in 1983, its industry members and academic researchers have collaborated on research to improve the cost effectiveness of capital project delivery. CII research on the industry’s processes and methods has generated 17 best practices (through 2017) many of which have been adopted by the industry at large. The CII Best Practices are defined as “process[es] or method[s] that, when executed effectively, [lead] to enhanced project performance.” To qualify as a CII Best Practice, a practice must be sufficiently proven through extensive industry use and/or validation.   The Value of Best Practices (VBP) report had the following objectives:      Measure the levels of best practice use among CII members.     Gauge the impact of best practices, especially the joint impact of multiple best practices, on project performance. Project performance is measured in terms of cost growth, schedule growth, and safety performance.
Filters & Tags
Knowledge Area
Performance Assessment
Best Practice
Benchmarking & Metrics
Project Phase
Feasibility, Concept, Detailed Scope, Detailed Design (Engineering), Procurement, Construction, Commissioning & Startup, Handover & Closeout
Project Function
Project Business Sponsor, Project Management, Construction, Commissioning & Startup, Health, Safety & Environmental
Industry Group
Light Industrial, Heavy Industrial, Buildings, Infrastructure
Research Topic
Benchmarking & Metrics Value of Best Practices
Keywords
Best practices, Project performance, Metrics, Best practice impact, VBP

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