Today many business organizations, including utilities, are attempting to measure and increase the value of environmental activities and programs. Shareholder demands and a competitive environment are pressuring environmental managers to seek ways to perform environmental and remediation projects "better, faster, cheaper, and safer." A high leverage tool to achieve these goals is application of Value Analysis and Value Management techniques. The methodology of Value Management, initially developed in the 1940's, is being applied to solve the complex problems associated with investigating and remediating sites. The Technical Project Planning (TPP) Process was developed to maximize project value using analytical techniques, creative efforts, and evaluation methods in a sequence that parallels the Value Engineering Approach. The TPP process is an early life cycle application of the Value Analysis methodology, tailored to data collection that improves project execution. Significant increases in value through improved project function coupled with decreased project costs have been realized. Use of the TPP process typically has saved 15 to 25 percent of project cost and time. This paper explains Value Management and the TPP Process, and presents examples of their use on various environmental projects, and discusses their applicability to environmental projects facing utilities.
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