TY  - CONF
TI  - Development of Target Cost for a High-Performance Building
C1  - Lima, Peru
C3  - Proc. 29th Annual Conference of the International Group for Lean Construction (IGLC)
SP  - 3
EP  - 12
PY  - 2021
DO  - 10.24928/2021/0131
AU  - Engebø, Atle
AU  - Torp, Olav
AU  - Lædre, Ola
AD  - PhD candidate, Norwegian University of Science and Technology (NTNU), Trondheim, Norway,  +47 905 719 02, atle.engebo@ntnu.no, orcid.org/0000-0002-5293-0176
AD  - Associate Professor, Norwegian University of Science and Technology (NTNU), Trondheim,  Norway, +47 934 226 73, olav.torp@ntnu.no, orcid.org/0000-0002-1916-5097
AD  - Professor, dr. ing. , Department of Civil and Environmental Engineering, The Norwegian University  of Science and Technology (NTNU), ola.ladre@ntnu.no, orcid.org/0000-0003-4604-8299
AB  - Target costing aims at making both cost and value to drivers for design. Still, few have studied how this is done in a high-performance building project, where a set of parameters beyond the typical cost, schedule, and quality parameters are optimised. Here we explore how a construction project team collaborated to reach the owner's allowable cost during design using observations and document study. The findings show that the owner should precisely describe expectations before starting Target Value Design. If not, the owner will get disengaged or develop suspicion towards provided cost estimates. Furthermore, we argue that the typical development of expected cost can inhibit a high-performing design team. The expected cost typically starts at the owner's allowable cost, increases drastically during design, and has to be substantially reduced. The consequence is that a highperforming team's mood moves from optimism towards realism and eventually into a realm where challenges occur. The domain where challenges arise is when the project team must substantially reduce the expected cost to reach an acceptable level. To remain high-performing throughout, the project team should avoid a drastic increase in expected cost in the initial stages. 
KW  - Target cost
KW  - Target Value Design
KW  - collaboration
KW  - team development
PB  - 
T2  - Proc. 29th Annual Conference of the International Group for Lean Construction (IGLC)
DA  - 2021/07/14
CY  - Lima, Peru
L1  - http://iglc.net/Papers/Details/1856/pdf
L2  - http://iglc.net/Papers/Details/1856
N1  - Export Date: 19 April 2024
DB  - IGLC.net
DP  - IGLC
LA  - English
ER  -