Energy-Related Risk Management in Integrated Project Delivery

Abstract

AbstractDeveloping energy-efficient commercial buildings requires the use of an energy-related risk management practice that can increase the chance of achieving intended lifecycle financial goals. This paper suggests a management practice that deals with such energy-related risk, namely, project cost risk and performance risk. A prerequisite to applying the suggested management practice is a high level of collaboration among different disciplines during design development as promoted, for example, when using integrated project delivery (IPD). As a case study to validate the management practice, this paper presents a California hospital project where the unique features of IPD helped the project team apply the management practice in the course of managing the energy-related uncertainties of an energy-efficiency measure. This paper illustrates the detailed design decision-making process of the team that used Target Value Design, a lean design management method. As a contribution to the body of knowledge, t...