From physical change to benefits in the built environment
Posted by APM on 19th Jul 2010
The APM Benefits Management SIG have published the second in a series of their thought leadership reports. It is targeted at all professionals involved in delivering new and existing investment in infrastructure. Despite the economic conditions, the UK is still experiencing a period of significant investment in the built environment. London 2012 is enabling new national infrastructure and there remains considerable investment in other infrastructure projects including transport, energy and utilities.
In recent years, there has been much debate on the benefits or the value realised from projects in the built environment. It is evident that there are many different perspectives across the broad range of professions involved. Specific challenges include the emotive nature of benefits in the built environment and the use of diverse language and terminology to manage them.
The current pressures on UK public spending and expectations from existing investment in infrastructure are accelerating the need for a common approach to realising the benefits, particularly around contract management and incentivisation. One of the objectives of this report is to challenge professionals to consider how we can continually improve the realisation of benefits from projects in the built environment.
The report can be downloaded below and is being discussed in the SIG forum
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“There is only one cake,” I stated to the rather amused group in front of me. “And it’s only fair, if more than one person helped bake that cake, that they each get a slice of the cake.”
Many people think of an initiative in terms of “deliver the project” and then “realise the benefits”. I thought I would share an approach concerned with a business, or technical, “capability”, that focuses on use of the capability to realise the benefits.