Utilization of risk management to show value and increase competitiveness

Michele Pauli, Kenneth Sullivan, Dean Kashiwagi

Research output: Chapter in Book/Report/Conference proceedingConference contribution

2 Scopus citations

Abstract

Over the past two years, the Facility Management Division of the U.S. Army Medical Command (MEDCOM) has implemented best value directives to transform their Capital Investment Program from a management to a leadership structure. The changes include the utilization of performance information in contractor selection, the successful transfer of project risk to the awarded contractor, and the minimization of owner management. Since the implementation, the U.S. Army Corps of Engineers (USACE), on behalf of MEDCOM, has competed several Indefinite Delivery, Indefinite Quantity (IDIQ) contracts to a pool of six contractors. This paper presents the effects of MEDCOM's new risk identification, planning and management program from one contractor's stance. The results indicate that the best value changes increased the contractor's ability to differentiate themselves from other contractors (in terms of performance) as well as the overall project performance.

Original languageEnglish (US)
Title of host publicationConstruction and Building Research Conference of the Royal Institution of Chartered Surveyors, COBRA 2007
StatePublished - Dec 1 2007
EventConstruction and Building Research Conference of the Royal Institution of Chartered Surveyors, COBRA 2007 - Atlanta, GA, United States
Duration: Sep 6 2007Sep 7 2007

Publication series

NameConstruction and Building Research Conference of the Royal Institution of Chartered Surveyors, COBRA 2007

Other

OtherConstruction and Building Research Conference of the Royal Institution of Chartered Surveyors, COBRA 2007
CountryUnited States
CityAtlanta, GA
Period9/6/079/7/07

Keywords

  • Best value
  • Performance information
  • Risk management

ASJC Scopus subject areas

  • Civil and Structural Engineering
  • Safety, Risk, Reliability and Quality

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  • Cite this

    Pauli, M., Sullivan, K., & Kashiwagi, D. (2007). Utilization of risk management to show value and increase competitiveness. In Construction and Building Research Conference of the Royal Institution of Chartered Surveyors, COBRA 2007 (Construction and Building Research Conference of the Royal Institution of Chartered Surveyors, COBRA 2007).