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Value-improving practices

Since the constructability VIP has seen widespread implementation in industry for capital projects over the last 20 years, in order for this VIP to remain consistent with the definition of a VIP (i.e., above what project teams can do on their own), at least one large engineering and construction company has enhanced this VIP to include a formal facilitated workshop that seeks profitability improvements above those already identified by me project team in the course of its normal work (KBR Value Improving Practices Program, 2001 through 2005). Both work processes described below are mutually additive, flexdble, and compatible. [Pg.50]

Value-improving practices (VIPs) Formal structured practices applied to capital projects to improve profitability ( or value ) above... [Pg.56]

Value Improvement Practices (VIP s). These well-proven practices should be applied on an as-needed basis as the project evolves. Table 4.2 shows the various areas of potential improvements, their likely time of application and the potential impact on the project value. ... [Pg.31]

T-T Tangent to tangent. Straight-side dimension of vessels, columns, reactors. VIP Value Improved Practice. [Pg.352]

Darryl W. Hertz, B.S. Manager, Front-End Loading and Value-Improving Practices Group, KBR (Front-End Loading, Value-Improving Practices)... [Pg.975]

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Improving Practices

Value improvement practices

Value improvement practices

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