Developing a Value Dashboard for Tracking Value Alignment during Design
Publication: Construction Research Congress 2022
ABSTRACT
Delivering value to the customer and to the internal and external stakeholders on construction projects is deemed essential for projects’ success. However, literature is limited in reference to the methods offered to track value alignment on projects. Defining and agreeing on what constitute project value early on would help in providing a clear starting point to capture value generation along project phases. Accordingly, this research advises first on the main steps to evaluate and classify project value, then proposes a design for a value dashboard (VDB) to visualize and track value on projects. The suggested dashboard acts as a visual management tool to guide project managers with the decision-making process considering the evolving understanding of value. The advocated value dashboard for the design phase is discussed and vetted with experts from the construction industry. Future research will further test the VDB on real life projects to demonstrates its applicability. This visual dashboard is a novel tool that provides tracking for value generation and delivery, and it is complementary to the existing project management dashboards that focus on schedule and cost considerations.
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Construction Research Congress 2022
Pages: 513 - 523
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Published online: Mar 7, 2022
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