Level:
Intermediate
TCM Section(s):
11.5. Value Management and Value Improving Practices (VIPs)
Venue: 2022 AACE International Conference & Expo
Abstract: With increasing project velocities and drive for efficiencies the pharmaceutical industry is continually exploring opportunities to achieve its goals. By combining the techniques of project controls and lean construction principles, project providers and owners can realize the benefits of increased speed to market and costs efficiencies. The importance of real-time, actionable data through critical path scheduling, earned value, cost forecasting, and risk control remains as critical as ever. However, the shared goals and leveraged engagement as well as the focus of removing waste via increased collaboration fostered by lean construction add additional dimensions. Architecting processes and training for teams to jointly leverage the power of these techniques requires advanced planning, system mapping, contractual requirements, and a strong and sustained commitment to incorporate all stakeholders into a successful implementation.
TCM Section(s):
11.5. Value Management and Value Improving Practices (VIPs)
Venue: 2022 AACE International Conference & Expo
Abstract: With increasing project velocities and drive for efficiencies the pharmaceutical industry is continually exploring opportunities to achieve its goals. By combining the techniques of project controls and lean construction principles, project providers and owners can realize the benefits of increased speed to market and costs efficiencies. The importance of real-time, actionable data through critical path scheduling, earned value, cost forecasting, and risk control remains as critical as ever. However, the shared goals and leveraged engagement as well as the focus of removing waste via increased collaboration fostered by lean construction add additional dimensions. Architecting processes and training for teams to jointly leverage the power of these techniques requires advanced planning, system mapping, contractual requirements, and a strong and sustained commitment to incorporate all stakeholders into a successful implementation.