Start Time:
3/26/2025 10:30:00 AM
End Time:
3/26/2025 11:20:00 AM
About this session:
In this session, attendees will learn how the CIB W117 and Performance Based Studies Research Group (PBSRG) utilizes the Best Value Approach (BVA) to reduce project risk by shifting the focus from client control to vendor expertise. Traditional procurement and project management methods assume clients can manage risk through oversight and inspections, often leading to inefficiencies, higher costs, and lower performance. BVA instead prioritizes vendor-led planning, early risk identification, and clear performance reporting. With over 2,000 projects worth $6.7B, PBSRG has achieved 98% customer satisfaction, reduced vendor-caused issues to 1%, and cut costs by 30%. Their research has demonstrated measurable performance improvements in projects with the Netherlands, the U.S. Army, and Minnesota construction initiatives.
1. Learn how to mitigate project risk[higher cost and lower performance] in complex situations
2. Learn how to use the latest AI information systems and technology on projects
3. Learn how to effectively use a procurement and project management approach to benefit your organization.
4. Learn how to use performance information to ensure buy-in at all levels of an organization.
Session ID:
W3.31
Room Number:
331
Audience:
All
CEU:
0.1