VIP - Value Improvement Practices
Revised: April 29, 2010
BASIC VIP UNDERSTANDING:
Principles:
One of the requirements for good Project Governance is to apply VIP’s (Value Improvement Practices) during selected project phases. (Key Deliverables in Project Scope
Why VIP’s?
¨ Contributing to “Best in Class” Project Performance
Typical VIP processes: (not limited to)
¨ Process Simplification
¨ Design to Capacity
¨ Infrastructure Optimisation
¨ Constructability Review
¨ Technology Selection
¨ Customisation of Standards and Specifications
¨ Classes of Facility Quality
¨ VALUE ENGINEERING (Enabler)
Benefits:
¨ Best Functionality within lowest Life Cycle Cost
¨ Alignment of Expectations between Stakeholders
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