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Investigation to Discover Most Effective Method of Teaching Target Costing to Construction-Minded IndividualsHullum, Joshua James 2011 May 1900 (has links)
The construction industry is in the midst of a progressive change in the way projects unfold from design and development to closeout and maintenance. There is a
greater demand on contractors to build projects faster, with higher quality and an increased level of detail, while keeping costs lower than ever. Therefore, to meet such demands contractors must turn to an alternative approach of improving product and process with target costing. However, the adoption of target costing by the construction industry has been slow due to limitations in user understanding of the system.
The objective of this paper is to identify an effective approach for teaching target costing to construction-focused individuals, by establishing improved user understanding with visual aids, and by determining if user comprehension is influenced by the complexity of the visual supports provided in the lessons. The study challenged the long-implied assumption that the construction community is composed of visual learners, while also differentiating between the levels of success for supporting figures based upon their degree of detail. Results of this study will provide the basis for the development of target costing material that is designed specifically for use in the education of construction industry professionals in Target Cost Estimating.
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Development of a Pilot Study Simulation to Investigate the Impact of Target Costing on Team Dynamics and Design AestheticsGottipati, Udaya Naidu 2010 August 1900 (has links)
Target costing is widely accepted across the automobile manufacturing industries such as the Toyota Corporation followed by other manufacturing companies such as Nissan, Chrysler, Boeing, Sony, etc. However, its use in the construction industry has been limited. The application of target costing in the construction industry has been referred to as Target Value Design (TVD), which forms an important fragment of the whole lean delivery system, Integrated Project Delivery. For the purpose of studying the team dynamics and the impact of cost on aesthetics, this research is split in to the following two parts.
1. Conducting simple experiments /simulations with students, such as designing and building a product to target cost to explore the impact of cost on the design of the product and the team dynamics.
2. Exploring the challenges faced by the teams while working on TVD through literature review and Focus Group Interviews with construction industry professionals with experience in the TVD process.
Similar to other lean simulations like the airplane game and the dice game, aimed at demonstrating the impact of lean, this simulation of designing a two feet (2’) tall wine glass holder with materials such as paper, Styrofoam plates, cups etc. is an attempt to understand the challenges of designing to target cost process. The simulation conducted is to mirror the real world TVD process. Results of the experiment conclude that cost does not have a negative influence on the design. There is no correlation between the high costs and better design, that is, the most expensive solutions are not always the best solutions. However, correlation existed between the target cost and the design aesthetics. Indeed, cost as a constraint aided the team in focusing on the design and developing solutions within the project constraints. The results of the experiment are similar to the practice of the TVD in reality as case studies and interviews arrive at similar conclusions. Finally, the experiment depicted that collaborating and working in a team might result in arguments but generates competitive design solutions without affecting the team dynamics. The research is of significance to construction industry professionals and owners to investigate the challenges and implications of implementing target costing in designing to target cost.
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Understanding design impact : a new framework for understanding the potential of design and enhancing future professional practiceStephen, Green January 2016 (has links)
Understanding Design Impact: A new framework for understanding the potential of design and enhancing future professional practice. Design is widely recognised as an important driver for economic performance. However, the value of design has proved resistant to quantification despite research attention since the early 1980s. Correlation between design investment and impact has been demonstrated, but not causation. There is considerable interest from policy and professional bodies in what is described here as ‘Design Impact’. Impact can be measured, for example, by return on investment, increases in profitability or cost reductions. However this only crudely captures the economic impact of a design ingredient. Increasingly, social and environmental impacts are also of interest. The design profession sees the potential for better articulation of design impact as a means to increase their influence. The context has been explored through a series of descriptive and prescriptive studies including analysis of 45 DBA Design Effectiveness Award case studies, 304 undergraduate design projects from two institutions over a three year period together with interviews and workshops with senior design professionals and design academics. A new Understanding Design Impact framework is the overall outcome and contribution to knowledge from the work. This bridges between theory and practice and is a powerful basis for placing consideration of design impact at the heart of design activity. A design impact ontology has been developed as a robust foundation to the framework which resolves issues with underlying concepts. An initial version of this ontology is published in The Design Journal and is claimed as a supporting contribution to new knowledge. So too are new ontological classifications of factors which have considerable influence on design impact: Design Influences and Authority and Motivation and Path. These provide fresh perspectives and are worthy of further research consideration. A number of routes are identified for the further development and dissemination of the framework.
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The Reputation Circle : A study of the interplay between the reputational perception of companies and the effect on their non-financial performancePave, Vincent, Nziengui Ebaley, Yvan Kenneth January 2021 (has links)
Reputation nowadays is a determinant of companies’ strategy. We used a qualitative study approach, based on semi-structured interviews. The choice of subject was motivated by recent scandals involving big corporations. We started therefore from the postulate that big corporations would rather not want to communicate on those issues. We still manage to include a major French group, Canal, and another important actor in professional and institutional communication in the East region of France. The rest of the company were start-ups to small-and-medium-sized enterprises. We aimed to gain on-field observations and cross-checking information from different sectors and positions. All the interviewees were chosen for their expertise and because we consider they have a direct hold on communication and therefore reputation within the company, being CEO, Founders, community, or marketing manager. This draws on elements of a case study or grounded theory approach. Our results show that reputation has an impact on non-financial performance while being one indicator of it at the same time. Drawing on past literature we realised how vast the subject is, involving other factors such as building a good relationship with the whole stakeholder environment, therefore considering corporate social responsibility. We confirmed how this is amplified with the use of new technologies and the influence of social media especially. Overall, we noticed a circling effect of the different factors coming into play. However, our findings remain very context-dependent. We do not produce generalisable results. We want to draw attention to the fact that our methodology is to be taken in the context of our time horizon, being only a set of interviews of specific firms in a specific period. We recognise the limits of this approach. Still, we believe we contributed to the management discussion with our practical and pragmatic method, leaving concrete suggestions. We observed as well societal implications linked to social media obsession.
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Multi-Criteria Decision Modeling for Best Value Selections in Target Value Design Integrated Project DeliveryGriffis, Brent Patrick 01 June 2014 (has links)
Integrated Project Delivery (IPD) combined with Target Value Design (TVD) is a better way to deliver value for the client than traditional guaranteed maximum price (GMP) methods. With traditional GMP delivery methods, the interests of the parties are often at odds. The goal of IPD is to align all party interests in order to achieve a win-win scenario. Due to the aligning nature of IPD and the fact that each party’s success is dependent on achieving the project objectives as a whole; a non-biased, transparent, decision-making process is necessary in order to deliver the project objectives within the constraints of the TVD. Thus delivering the expected value for the client and ensuring that all parties achieve project success. The need for this transparent decision-making process is compounded by the fact that a “target” based system rapidly declines to a less than optimal state if there is no unbiased decision-making process in place. If we treat the entire lifespan of a project as the complex system that it is, we can begin to take advantage of the hierarchical nature of complex systems. The goal of this paper is to show that by modeling the life span of a project through a multi-criteria decision making model, built on a hierarchical framework will allow you to find a non-inferior solution to your TVD. I’m proposing to use Hierarchical Holographic Modeling (HHM) as the framework for an Analytical Hierarchical Process (AHP) multi-criteria decision-making model complete with post-optimality analysis as the preferred project management method.
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