The search for better value becomes ever more critical as new investment is made to drive the World’s economic recovery. This is crucial given the challenges of the Coronavirus pandemic, and challenges specific to countries subject to Brexit plus Government’s commitment to meet climate targets.
For example, ‘Lessons Learned from Major Programmes’ (National Audit Office, 20 November, 2020) confirms that the UK has a poor track record in project definition and delivery leading to delays and overspend.
The following case studies were all led by qualified Professionals in Value Management (PVMs) trained under the Value For Europe Training and Certification System (V4E-TCS) based on BS EN 12973:2020, using Best Practice Value Management (BP-VM) which was systematically applied and delivered major tangible benefits.
A key message from these case studies is that the 8 construction / infrastructure projects:
- Achieved total cost benefits of £546m (19%) on £2.9bn of construction budget.
Please note these financial benefits (plus many non financial benefits – e.g. social & environmental) were achieved without compromising the Client’s requirements or the quality of the projects.
The professional application of Best Practice Value Management (BP-VM) by experienced V4E-TCS qualified professionals (PVMs and TVMs) can transform projects from ordinary and overspent into optimal and one exceeding expectations.
To find out more, you may wish to register as a Member of the IVM https://ivm.org.uk/membership/