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A User's Guide to the CII ValueShare Tool: Value Interest Identification Module and E&C Focus Points

Publication No
IR266-2
Type
Excel spreadsheet
Publication Date
May 01, 2010
Pages
43
Research Team
RT-266
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DOCUMENT DETAILS
Abstract
Key Findings
Filters & Tags
Abstract
Problem Because constructed facilities are key to the operation and strategy of many organizations, these assets are planned, delivered, and managed in ways that maximize the value they bring. While there are many constants in the delivery of
Key Findings
Communication at a granular level is promoted by identification of VIs that are more than simply Cost, Schedule, and Quality. The research identified 48 such value interests. Granularity in VIs helps E&C focus on specific responses (rifle vs. shotgun approach). Each VI can result in more than one recommended focus point and each focus point is associated with more than one value interest.(IR266-2, p.4)

 
IR266-2, A User’s Guide to the CII ValueShare Tool

Using the CII Value share tool isolates an owner’s top ten value interests for a project, identifies E&C focus points that best address the value interests and increase chances for success; provides an easy method to accept/reject/change the suggested value interests and E&C responses; achieve owner–E&C alignment by prioritizing the selected value interests; Identify potential conflicting interests and determine acceptable trade-offs and provide means to easily document, share, store, and track the findings and decisions.
Filters & Tags
Knowledge Area
Business and Project Processes, Project & Program Management, Project Organization & Communication
Project Phase
Feasibility, Concept, Detailed Scope, Detailed Design (Engineering), Procurement, Construction, Commissioning & Startup, Handover & Closeout
Project Function
Project Business Sponsor, Project Management, Architects & Engineering, Project Controls, Procurement & Contracts, Construction, Commissioning & Startup, Operations & Maintenance, Health, Safety & Environmental, Risk Management, Quality Management, Business Development & Proposals
Industry Group
Light Industrial, Heavy Industrial, Buildings, Infrastructure
Research Topic
A Standardized Approach to Identify and Define Owner Value Interests and Align the E&C Response
Keywords
Value Interest, Project Attribute, Measure of Value, Project Characteristics, E&C Response, Communication of Execution Strategies, Internal Alignment, Management of Change, Dialog between Owner and Contractor, Lessons Learned Exercise, Team Building, rt26

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