Strengthening Target Value Design Benefits in Real Estate Market Through Living Labs

Carolina A. Oliva; Ariovaldo Denis Granja; Marcelle Engler Bridi; Joao Soliman-Junior; Morolake Ayo-Adejuyigbe; Patricia Tzortzopoulos

doi:10.24928/2021/0202

Strengthening Target Value Design Benefits in Real Estate Market Through Living Labs

Carolina A. Oliva, Ariovaldo Denis Granja, Marcelle Engler Bridi, Joao Soliman-Junior, Morolake Ayo-Adejuyigbe, Patricia Tzortzopoulos

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

1 Citation (Scopus)

Abstract

The Target Value Design (TVD) is a collaborative process where value drives the design process to achieve the client’s expectations while maintaining the costs and schedule under control. Its application has been successful in several construction projects, especially in the healthcare context. Applying TVD to the real estate context, however, can be challenging. This paper aims to identify links between TDV and the Living Lab (LL) concept which may potentially help overcome these challenges. LLs are usercentred initiatives that focus on developing innovative solutions through cocreation and collaboration among stakeholders in a real-life context. A review on existing literature was performed to identify how a LL approach can strength TVD in a real state context. The results present opportunities to synergize TVD and LL for a beneficial result.

Original language	English
Title of host publication	Proceedings of 29th Annual Conference of the International Group for Lean Construction (IGLC)
Subtitle of host publication	Lean Construction in Crisis Times: Responding to the Post-Pandemic AEC Industry Challenges
Editors	Luis Fernando Alarcon, Vincente A. Gonzalez, Danny Murguia, Xavier Brioso
Publisher	The International Group for Lean Construction
Pages	634-643
Number of pages	10
ISBN (Print)	9786124802546
DOIs	https://doi.org/10.24928/2021/0202
Publication status	Published - 14 Jul 2021
Event	29th Annual Conference of the International Group for Lean Construction - Virtual Duration: 14 Jul 2021 → 17 Jul 2021 Conference number: 29 https://www.iglc.net/Home/ActiveConference

Publication series

Name	Proceedings of the Annual Conference of the International Group for Lean Construction
Publisher	International Group for Lean Construction (IGLC)
ISSN (Print)	2309-0979
ISSN (Electronic)	2789-0015

Conference

Conference	29th Annual Conference of the International Group for Lean Construction
Abbreviated title	IGLC2021
City	Virtual
Period	14/07/21 → 17/07/21
Internet address	https://www.iglc.net/Home/ActiveConference

UN SDGs

This output contributes to the following UN Sustainable Development Goals (SDGs)

Access to Document

10.24928/2021/0202Licence: Unspecified

https://iglcstorage.blob.core.windows.net/papers/attachment-5e8f1fc0-fc81-4ab0-b500-20cbde46b092.pdfLicence: Unspecified

Cite this

Oliva, C. A., Granja, A. D., Bridi, M. E., Soliman-Junior, J., Ayo-Adejuyigbe, M., & Tzortzopoulos, P. (2021). Strengthening Target Value Design Benefits in Real Estate Market Through Living Labs. In L. F. Alarcon, V. A. Gonzalez, D. Murguia, & X. Brioso (Eds.), Proceedings of 29th Annual Conference of the International Group for Lean Construction (IGLC): Lean Construction in Crisis Times: Responding to the Post-Pandemic AEC Industry Challenges (pp. 634-643). (Proceedings of the Annual Conference of the International Group for Lean Construction). The International Group for Lean Construction. https://doi.org/10.24928/2021/0202

Oliva, Carolina A. ; Granja, Ariovaldo Denis ; Bridi, Marcelle Engler et al. / Strengthening Target Value Design Benefits in Real Estate Market Through Living Labs. Proceedings of 29th Annual Conference of the International Group for Lean Construction (IGLC): Lean Construction in Crisis Times: Responding to the Post-Pandemic AEC Industry Challenges. editor / Luis Fernando Alarcon ; Vincente A. Gonzalez ; Danny Murguia ; Xavier Brioso. The International Group for Lean Construction, 2021. pp. 634-643 (Proceedings of the Annual Conference of the International Group for Lean Construction).

@inproceedings{f826ac87e220433fb30c286288f668e2,

title = "Strengthening Target Value Design Benefits in Real Estate Market Through Living Labs",

abstract = "The Target Value Design (TVD) is a collaborative process where value drives the design process to achieve the client{\textquoteright}s expectations while maintaining the costs and schedule under control. Its application has been successful in several construction projects, especially in the healthcare context. Applying TVD to the real estate context, however, can be challenging. This paper aims to identify links between TDV and the Living Lab (LL) concept which may potentially help overcome these challenges. LLs are usercentred initiatives that focus on developing innovative solutions through cocreation and collaboration among stakeholders in a real-life context. A review on existing literature was performed to identify how a LL approach can strength TVD in a real state context. The results present opportunities to synergize TVD and LL for a beneficial result.",

keywords = "Target value design, Living Labs, Innovation, Real estate",

author = "Oliva, {Carolina A.} and Granja, {Ariovaldo Denis} and Bridi, {Marcelle Engler} and Joao Soliman-Junior and Morolake Ayo-Adejuyigbe and Patricia Tzortzopoulos",

year = "2021",

month = jul,

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doi = "10.24928/2021/0202",

language = "English",

isbn = "9786124802546",

series = "Proceedings of the Annual Conference of the International Group for Lean Construction",

publisher = "The International Group for Lean Construction",

pages = "634--643",

editor = "Alarcon, {Luis Fernando} and Gonzalez, {Vincente A.} and Danny Murguia and Xavier Brioso",

booktitle = "Proceedings of 29th Annual Conference of the International Group for Lean Construction (IGLC)",

address = "United Kingdom",

note = "29th Annual Conference of the International Group for Lean Construction, IGLC2021 ; Conference date: 14-07-2021 Through 17-07-2021",

url = "https://www.iglc.net/Home/ActiveConference",

}

Oliva, CA, Granja, AD, Bridi, ME, Soliman-Junior, J, Ayo-Adejuyigbe, M & Tzortzopoulos, P 2021, Strengthening Target Value Design Benefits in Real Estate Market Through Living Labs. in LF Alarcon, VA Gonzalez, D Murguia & X Brioso (eds), Proceedings of 29th Annual Conference of the International Group for Lean Construction (IGLC): Lean Construction in Crisis Times: Responding to the Post-Pandemic AEC Industry Challenges. Proceedings of the Annual Conference of the International Group for Lean Construction, The International Group for Lean Construction, pp. 634-643, 29th Annual Conference of the International Group for Lean Construction, Virtual, 14/07/21. https://doi.org/10.24928/2021/0202

Strengthening Target Value Design Benefits in Real Estate Market Through Living Labs. / Oliva, Carolina A.; Granja, Ariovaldo Denis; Bridi, Marcelle Engler et al.

Proceedings of 29th Annual Conference of the International Group for Lean Construction (IGLC): Lean Construction in Crisis Times: Responding to the Post-Pandemic AEC Industry Challenges. ed. / Luis Fernando Alarcon; Vincente A. Gonzalez; Danny Murguia; Xavier Brioso. The International Group for Lean Construction, 2021. p. 634-643 (Proceedings of the Annual Conference of the International Group for Lean Construction).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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T1 - Strengthening Target Value Design Benefits in Real Estate Market Through Living Labs

AU - Oliva, Carolina A.

AU - Granja, Ariovaldo Denis

AU - Bridi, Marcelle Engler

AU - Soliman-Junior, Joao

AU - Ayo-Adejuyigbe, Morolake

AU - Tzortzopoulos, Patricia

N1 - Conference code: 29

PY - 2021/7/14

Y1 - 2021/7/14

N2 - The Target Value Design (TVD) is a collaborative process where value drives the design process to achieve the client’s expectations while maintaining the costs and schedule under control. Its application has been successful in several construction projects, especially in the healthcare context. Applying TVD to the real estate context, however, can be challenging. This paper aims to identify links between TDV and the Living Lab (LL) concept which may potentially help overcome these challenges. LLs are usercentred initiatives that focus on developing innovative solutions through cocreation and collaboration among stakeholders in a real-life context. A review on existing literature was performed to identify how a LL approach can strength TVD in a real state context. The results present opportunities to synergize TVD and LL for a beneficial result.

AB - The Target Value Design (TVD) is a collaborative process where value drives the design process to achieve the client’s expectations while maintaining the costs and schedule under control. Its application has been successful in several construction projects, especially in the healthcare context. Applying TVD to the real estate context, however, can be challenging. This paper aims to identify links between TDV and the Living Lab (LL) concept which may potentially help overcome these challenges. LLs are usercentred initiatives that focus on developing innovative solutions through cocreation and collaboration among stakeholders in a real-life context. A review on existing literature was performed to identify how a LL approach can strength TVD in a real state context. The results present opportunities to synergize TVD and LL for a beneficial result.

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ER -

Oliva CA, Granja AD, Bridi ME, Soliman-Junior J, Ayo-Adejuyigbe M, Tzortzopoulos P. Strengthening Target Value Design Benefits in Real Estate Market Through Living Labs. In Alarcon LF, Gonzalez VA, Murguia D, Brioso X, editors, Proceedings of 29th Annual Conference of the International Group for Lean Construction (IGLC): Lean Construction in Crisis Times: Responding to the Post-Pandemic AEC Industry Challenges. The International Group for Lean Construction. 2021. p. 634-643. (Proceedings of the Annual Conference of the International Group for Lean Construction). Epub 2021 Jul 9. doi: 10.24928/2021/0202

Strengthening Target Value Design Benefits in Real Estate Market Through Living Labs

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