What is Target Value Delivery (TVD)?

Target Value Delivery (TVD) is a management process applied from conceptual design through final project turnover. TVD ensures the projects are completed within the specified budget while fulfilling the client's operational goals.

TVD incorporates client objectives and financial constraints over the project lifecycle by setting project value and cost targets before design. This complete strategy facilitates customer value and reduces waste of time, money, and human effort.

Unlike traditional models, in which design typically drives costs, TVD reverses the process by allowing the project's scope to influence the budget, eventually guiding design and construction toward maximum value.

Origins and History of TVD
Target Value Delivery (TVD) evolved in the 2000s as a new approach to project management in construction. The Lean Construction Institute (LCI) comes first with this idea.

TVD traces its origins back to Toyota's lean manufacturing concepts of the 1950s, which highlighted waste elimination, value maximization, and continual improvement. Later the construction industry adopted these principles, which resulted in the Lean Construction movement.

The Target Value Design Process
The Target Value Design is a systematic strategy that brings together the design team and project stakeholders to deliver the client's operational needs and values within the specified budget.

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