Economic Issues Program
Chair(s)
Dianne Davis
d.davis@aecinfosystems.com
(410) 435-3600
The industry we work in is estimated at $4.5 trillion dollars and some estimates identify the waste in the industry at over 50%. Waste is defined as non-value added effort. Each time you collect information for an activity and that information was generated by someone else and not made available in a place you could retrieve it from that is waste. The waste is embedded so deeply in our business processes that we don't even see it anymore. Projects in this program area will focus on identifying how we can take advantage of interoperability to re-use information. We will identify the return on investment of various transformed business processes. The business and return on investment models for improving the industry are embedded in hundreds of projects that have been completed to date. We want to look at case studies of improved businesses and where the savings were generated.
By building virtual models of facilities we will also have the opportunity to perform value engineering when it was intended to be performed. Lifecycle costing can also help evaluate the sustainability of a facility. Reduction in time it takes to deliver facilities also generates savings, in some cases profound savings. Our goal is to improve the quality of all estimates.
Projects
