Getting More for Less
Project Value Management (PVM) is a concept that began life with General Electric during World War Two when there was a shortage of labour, materials and component parts. This caused the company to find cheaper local substitutes that would do the job. In many instances it was found that the use of alternatives reduced costs and improved project and product performance. Thus, what was an accident of necessity has become a recognised strategy.
PVM advocates the use of group-based facilitated workshops to obtain ideas to improve project value. These one or two-day workshops involve a multidisciplinary group lead by a professional facilitator. It is anticipated that the rebuild of Christchurch CBD and quake-proofing projects throughout New Zealand will benefit from early PVM intervention. PVM facilitators will be in demand. The attached white paper and powerpoint presentation prepared for Victoria University Building Technology students explores the PVM process.