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Applying Risk Analysis, Value Engineering, and Other Innovative Solutions for Project Delivery (2017) / Chapter Skim
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Chapter 5 - Innovative Methods Research Results
Pages 79-87

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From page 79...
... Ultimately, the research team developed the following list of outside-industry methodologies, tools, and techniques that have a potential to influence the value-improving practices applied to transportation infrastructure projects: • Identify industries for investigation Several key words, criteria, factors, or terminology related to project management and innovation technology were used to search academic and industry databases to collect literature on innovative methods with respect to project delivery. The research team focused on what theory, methodology, and practice experiences are embedded in these approaches; how these methods can be implemented in specific industries; and how these methods can be applied to transportation project delivery to provide innovative value that enhances project performance at an acceptable cost.
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From page 80...
... – Meta-Engineering – Technology Roadmapping (TRM) – Asset life cycle management data governance framework – Qualitative research methodology – A Simple Numeric Model – A qualitative interview method cross-analyzed with a customer value determination – Total Interpretive Structural Model (TISM)
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From page 81...
... as high priority and have strong potential to influence the value-improving practices applied to transportation infrastructure projects. The nine selected innovative methods, tools, and technologies that show merit are given in Table 8 including a brief explanation and recommendation on each one.
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From page 82...
... IPD is worth evaluating further because the lessons learned may be applicable in some ways to project delivery for transportation projects. Customer Value Analysis This method focuses on the importance of understanding what customers' value by increasing the understanding of customer value theories and concluding with a summary of strategic customer value creation.
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From page 83...
... . Summary and Conclusions The research related to exploring other innovative methods indicates there are a number of opportunities to improve transportation project delivery in numerous ways, by either applying completely new techniques or integrating them with establish techniques such as VE, RA, and CR.
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From page 84...
... Yuan 2013 High 5. Asset life cycle management data governance framework Governance Structures for Engineering and Infrastructure Asset Management Waqar Haider and Abrar Haider 2013 Low 6.
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From page 85...
... Project Management Case Study on Project Management at a Mineral Sand Organization Ntokozo Nhlengethwa and Elma van der Lingen 2014 High 36. Project Management Project Portfolio and Strategic Alignment through Technology Roadmapping for Medium Sized Organizations and Business Units Camilo A
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From page 86...
... Simple Numeric Model Simple Numeric Model to Compute TechnologyContribution Factor for the Technology Valuation Daemyeong Cho and Gyunghyun Choi 2011 Low 46. Strategic Decision Model Strategic Innovation Decisions and Innovation Capabilities: Decision and Action Models José Javier Aguilar Zambrano and Jorge Robledo Velásquez 2011 Low 47.
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From page 87...
... In the past, this connection has frequently been implied but not made explicit. Several of the innovative methods reviewed, such as Integrated Project Delivery and Customer Value Analysis, provide methods for better articulating project outcomes by improving communication between project stakeholders and project delivery teams.
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Key Terms

  • innovative methods
  • project management
  • customer value
  • value metrics
  • decision model

  • integrated project
  • methods research
  • technology roadmap
  • patent analysis
  • risk response

  • bayesian causal
  • delivery teams
  • analytical hierarchy
  • causal maps
  • response strategies

  • transportation project
  • technology management
  • valuation model
  • numeric model
  • total interpretive

  • hierarchical decision
  • data governance
  • hierarchy process
  • synergy valuation
  • interpretive structural

  • literature review
  • simple numeric
  • management project
  • cycle management
  • selected innovative


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