Proc. 29th Annual Conference of the International Group for Lean Construction (IGLC) 2021
DOI: 10.24928/2021/0185
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Target Value Design: Development and Testing of a Virtual Simulation

Abstract: Early in the development of a lean project, Target Value Design (TVD) practices define owner value, and it is toward actualization of defined owner value that all subsequent lean practices should flow. Participatory simulations have been used to help stakeholders comprehend TVD processes before they are implemented on an actual project, enhancing their effectiveness. This paper introduces results from testing of an online version of a TVD simulation that was being used to teach TVD at universities and to pract… Show more

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Cited by 2 publications
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“…Target Value Design (TVD) is one of the most effective lean processes that adapt the target costing concept to the peculiarity of the construction industry (Zimina et al, 2012;Engebø et al, 2021;Jacob et al, 2021). TVD is a management practice that aims to deliver a project within a specified allowable budget by promoting innovation throughout the project life cycle, increasing value and eliminating waste, and continuously improving a project's design in order to reach desired goals, thereby satisfying the client's values (Alves et al, 2017;Rybkowski et al, 2016;Zimina et al, 2012).…”
Section: Background Marshmallow Tvd Simulationmentioning
confidence: 99%
“…Target Value Design (TVD) is one of the most effective lean processes that adapt the target costing concept to the peculiarity of the construction industry (Zimina et al, 2012;Engebø et al, 2021;Jacob et al, 2021). TVD is a management practice that aims to deliver a project within a specified allowable budget by promoting innovation throughout the project life cycle, increasing value and eliminating waste, and continuously improving a project's design in order to reach desired goals, thereby satisfying the client's values (Alves et al, 2017;Rybkowski et al, 2016;Zimina et al, 2012).…”
Section: Background Marshmallow Tvd Simulationmentioning
confidence: 99%