Increase your product value by focussing on the Goal.

Product Value and Profit, the two things that matter in delivering a project (apart from H & S which is a given).
Product: the right solution for the business use, delivered to the quality needed and matching the clients brief. 

Product value is the productive design, labour and materials that form the asset.

Profit: a fair reward for the effort and risk undertaken by those who have produced and delivered the product. 

At present the product value and profit represent around 43% of total project costs (see Value Indicator above). All too often we focus our “savings” effort on de-specifying the product, therefore devaluing the clients asset or hammering the profit through “negotiation” and risk passing. 
 
We rarely focus on the 57% that comprises poor productivity, overheads across the supply chain, prelims (management and physical) and risk. Productivity in design, management and labour is the biggest loss of value and to some extent the biggest challenge.
 
The challenge stems from a lack of real data (transparent costs and delay analysis) to understand productivity and the silo nature of projects that is a barrier to data sharing and collaboration.
 
Focussing our efforts on the “Goal” of more PRODUCT for every £1 spent is the way to deliver better long term sustainable value.

It requires a collaborative and continuous improvement mind set with a razor sharp focus on increasing productivity and using transparent data to understand how to unlock the potential. 

If you want to understand how to achieve this for your business visit www.visiblecp.com. 

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