Target Value Design: a Modern Approach for Effective Construction Cost Management
DOI:
https://doi.org/10.54338/18294200-2025.3-06Keywords:
cost control, TVD, construction, value management, integrated design, stakeholder collaborationAbstract
The construction sector, as a strategic branch of the economy, often faces challenges related to budget control, time losses, and inefficient use of resources. To address these challenges, innovative approaches have emerged, including Lean Construction, whose key tool is Target Value Design (TVD). TVD offers a reverse design process aimed at developing solutions aligned with a predetermined budget, promoting collaboration among stakeholders and enabling more effective cost management. This article analyzes the practical application of the TVD method in construction projects, reviewing its main principles, implementation mechanisms, as well as advantages and existing limitations. Based on the research findings, recommendations are presented to enhance the effective application of the TVD method, which will contribute to improved financial management of construction projects, reduction of value loss, and increased investment attractiveness.
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Copyright (c) 2025 Сирануш Галстян, Ара Оганесян

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