Target Value Design:
Increase added value through target value design
How do you design your processes to be customer-oriented and
as efficiently as possible?
Learn more about the principles of target value design in the construction industry.
Target Value Design
in 2023
The current crisis, supply bottlenecks, and the shortage of skilled workers are forcing companies to make difficult decisions regarding budgeting and project goals.
These decisions are primarily based on economic profitability. In order to meet the new requirements, the most important thing is to achieve the objectives as quickly and cost-effectively as possible. Architects and construction planners are therefore forced to meet their clients' expectations 100 percent while keeping the budget as low as possible.
The decisive factor here in 2023 will therefore be project planning based on the principle of target value design.
Basic principles of
Target Value Designs
First principle: Customer focus
The customer's objectives are the starting point for all measures and planning.
It is important to understand the customer's needs and requirements and to place them at the center of the planning process.
Second principle: Cooperation
In order to ensure that you always obtain feedback and find solutions to any difficulties, it is important that all project participants work closely together.
Third principle: Cost management
In most cases, optimal budget allocation is one of your customer's top priorities. Only through continuous monitoring and optimization can the specified target value be achieved or even exceeded.
Fourth principle: Continuous improvement
As in cost management, continuous optimization plays an important role in target value design. This means that you need to obtain regular feedback and monitor all measures and their consequences from a bird's eye view.
Fifth principle: Flexibility
The project team should be open to changes and feedback at all times so that the plan can be flexibly modified or adjusted.
Practical application
of the target value design
Formation of an interdisciplinary team:
Assemble a team of different specialists to leverage different perspectives and expertise.
Setting the target value:
Work with the customer to set a realistic target value for the project costs!
Development of solutions:
Work closely with the team to develop innovative solutions that meet or exceed the target value.
Continuous monitoring and optimization
Regularly review the planning and construction process and adjust it as necessary to achieve the target value.
Communication and collaboration:
Encourage open communication and collaboration within the team to identify problems early on and find solutions together.
Advantages
of the target value design
The application of target value design offers numerous advantages for companies and projects:
- More efficient projectsClose cooperation and continuous optimization of the planning and construction process enable projects to be completed more quickly and efficiently.
- cost reduction: Costs are continuously monitored and optimized, reducing the likelihood of budget overruns.
- Higher customer satisfactionCustomer satisfaction is increased through customer orientation and a focus on the target value.
- Better qualityClose cooperation and a focus on continuous improvement lead to a higher quality end product.
FAQ
How does Target Value Design differ from other design methods in construction?
The difference to other methods is that you start by setting a target value for the total cost of a project and then align all design decisions with this target.
What role do the various stakeholders play in the process?
All stakeholders, including clients, architects, engineers, contractors, and suppliers, play an important role in target value design. The client sets the budget that the entire project is based on. All stakeholders work together to achieve the common goals.
What challenges can arise when using TVD and how can they be overcome?
Target value design relies on reliable cooperation between all parties involved. It is therefore essential that there is harmony within the team and that the team has sufficient experience.
With PLACE to the
Target Value Design
How you benefit from us:
Step by step
Whenever a new method is introduced, there are always critics. We support you from the initial flow of information to your employees through to the successful application of Target Value Design in your company. So that your entire team is on board.
Your customized implementation process
Not only our entire team, but also our partners successfully apply the Target Value Design method. Each company and each team has its own individual implementation process. We help them find the perfect implementation process for their company and team.
Learning through data
Our digital approach allows us to collect data right from the start, which can then be evaluated for continuous process improvement.
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