TY - GEN
T1 - Utilization of risk management to show value and increase competitiveness
AU - Pauli, Michele
AU - Sullivan, Kenneth
AU - Kashiwagi, Dean
PY - 2007
Y1 - 2007
N2 - 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.
AB - 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.
KW - Best value
KW - Performance information
KW - Risk management
UR - http://www.scopus.com/inward/record.url?scp=84860598628&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84860598628&partnerID=8YFLogxK
M3 - Conference contribution
AN - SCOPUS:84860598628
SN - 9781842193570
T3 - Construction and Building Research Conference of the Royal Institution of Chartered Surveyors, COBRA 2007
BT - Construction and Building Research Conference of the Royal Institution of Chartered Surveyors, COBRA 2007
T2 - Construction and Building Research Conference of the Royal Institution of Chartered Surveyors, COBRA 2007
Y2 - 6 September 2007 through 7 September 2007
ER -