Efficiency and Lean Management

Risk aversion and project success.

Published April 2007 Insight from Tradeline's Lean Management Models for Facilities and Capital Projects 2007 Conference.

You cannot lower the cost of facility ownership by simply reducing the budget. Avoid that trap. By all measures, design and construction as it is done in the U.S. is a very inefficient business process. To make it significantly more efficient, the fundamental risk-aversion model needs to be changed.