How and to what extent can Total Cost Management evolve towards Systemic Value Management (SVM)? In this regard, what are the “Validating Principles and Actions for a Global Practitioner Movement”?
The persistence of structural crises and the widespread uncertainty and volatility of any forecast on times, costs and resources for complex projects have nowadays become a challenge for managerial disciplines and for Total Cost Management in particular. The value, policy and social aspects seem to be taking on ever greater importance for each project, transforming it into a very complex project. The AICE – The Italian Association for Total Cost Management is engaged in research in this regard (see for example https://www.mdpi.com/2071-1050/14/19/12890 ) and asks experts in these disciplines to participate in an ongoing survey in this regard.
Can you make your contribution by participating in this survey and expressing your point of view? You will find every detail at the following link https://forms.gle/PEpZ8YTn8yTdSg5z6
Using the example of the construction industry, I can recommend the automated technology for managing the cost of a construction project "Building Manager". By using it, Total Cost Management (TCM) can evolve into Systematic Value Management (SVM) by integrating not only financial but also non-financial factors such as social, environmental and strategic aspects. This allows for more comprehensive assessment and management of value, taking into account long-term goals and sustainable development. In this way, TCM becomes part of a broader management system focused on creating shared value for all stakeholders.
Dmytro Chashyn Thank you Dmytro for your suggestion. We will keep record of your comment in our analysis.
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