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Energy-Related Risk Management in Integrated Project Delivery
Developing energy-efficient commercial buildings requires the use of an energy-related risk management practice that can increase the chance of achieving intended lifecycle financial goals. This paper suggests a management practice that deals with such energy-related risk, namely, project cost risk and performance risk. A prerequisite to applying the suggested management practice is a high level of collaboration among different disciplines during design development as promoted, for example, when using integrated project delivery (IPD). As a case study to validate the management practice, this paper presents a California hospital project where the unique features of IPD helped the project team apply the management practice in the course of managing the energy-related uncertainties of an energy-efficiency measure. This paper illustrates the detailed design decision-making process of the team that used Target Value Design, a lean design management method. As a contribution to the body of knowledge, the purposes of this study are to present the case study that serves to validate the suggested practice and to show that the IPD application contributed to the capability and effectiveness of the practice in increasing the reliability of achieving the target lifecycle financial values while reducing system complexity and overdesign.
Energy-Related Risk Management in Integrated Project Delivery
Developing energy-efficient commercial buildings requires the use of an energy-related risk management practice that can increase the chance of achieving intended lifecycle financial goals. This paper suggests a management practice that deals with such energy-related risk, namely, project cost risk and performance risk. A prerequisite to applying the suggested management practice is a high level of collaboration among different disciplines during design development as promoted, for example, when using integrated project delivery (IPD). As a case study to validate the management practice, this paper presents a California hospital project where the unique features of IPD helped the project team apply the management practice in the course of managing the energy-related uncertainties of an energy-efficiency measure. This paper illustrates the detailed design decision-making process of the team that used Target Value Design, a lean design management method. As a contribution to the body of knowledge, the purposes of this study are to present the case study that serves to validate the suggested practice and to show that the IPD application contributed to the capability and effectiveness of the practice in increasing the reliability of achieving the target lifecycle financial values while reducing system complexity and overdesign.
Energy-Related Risk Management in Integrated Project Delivery
Lee, Hyun Woo (author) / Tommelein, Iris D. (author) / Ballard, Glenn (author)
2013-06-13
Article (Journal)
Electronic Resource
English
Energy-Related Risk Management in Integrated Project Delivery
Online Contents | 2013
|Energy-Related Risk Management in Integrated Project Delivery
British Library Online Contents | 2013
|Integrated Methodology for Project Risk Management
Online Contents | 2002
|Integrated Methodology for Project Risk Management
British Library Online Contents | 2002
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