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Best practice can save £750bn a year

The cost of global infrastructure could be reduced by up to 40%, saving around $1 trillion (£750bn) a year, if proven best practice is adopted across the maintenance and renewal of public assets, according to a new report by consultant McKinsey.

The report Infrastructure productivity: How to save $1 trillion a year, draws on over 400 case studies from around the world to demonstrate how cash strapped governments can deliver more infrastructure projects without increasing public spending.

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Readers' comments (2)

  • This report demonstrates more than ever the vital requirement for effective approaches to Value Management.

    Industry and Government can gain great benefit by

    - more widespread and strategic application of recognised standard practice : BS EN 12973 Value Management, and by

    - recognising the merits of deploying staff with the qualification Professional in Value Management (PVM).

    The Value Management framework to drive innovation and productivity improvement is there to be applied. Organisations which adopt the approach already reap the benefits of efficient processes, better profits, better sales, and right first time design and delivery. Many more organisations can and should focus on value to maximise return from resources within today's uncertain environment for infrastructure investment.

    Professional Value Management qualifications are adminsistered in UK by The Institute of Value Mangement Certification Board.

    Michael Graham is currently Chair of IVM CB and Managing Partner of management consultancy UKValueManagement

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  • good advert

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