Project completed in 2024
Level: Ph.D.

Towards value-driven asset management through dynamic information management

Abstract

Efficient asset management in the built environment, particularly for dynamic institutional built assets such as hospitals and universities, presents ongoing challenges. These assets are constantly evolving, generating vast reservoirs of data. This information is essential for the decision-making processes of asset owners, especially in the public sector, where policymakers and decision-makers seek to optimize value creation. As a result, access to accurate, up-to-date data is essential for informed decision-making, the primary objective being to increase value. Information management (IM) throughout the asset lifecycle has attracted the attention of both academia and the construction industry. Various concepts, principles and technological innovations have been introduced to meet the challenges of information management. However, a gap remains between theory and practical application, requiring corrective strategies to bridge this discrepancy.

The main objective of this research project is to propose solutions for improving information management practices throughout the lifecycle of built institutional assets. This improvement in information management aims to facilitate decision-making among asset owners, which ultimately translates into better value generation. It should be noted that this study is limited to institutional assets built in Quebec, Canada.

Project results

This research project aims to expand the knowledge of value based on all customer requirements for owners of institutional built assets to maximize value generation. Involving end-users, asset owners and other stakeholders throughout the lifecycle of built assets should enable comprehensive and accurate information to be gathered, and improve future decisions by asset owners and policy-makers. As a result, value creation can be maximized to improve the well-being of Canadian end-users.
In addition, this research project is being carried out throughout the province of Quebec, Canada. It should therefore offer hospital and university owners unique opportunities to enhance value creation. It will also enable future R&D activities to be carried out on the basis of the information collected, which is currently scarce in the literature.

Project contributions

This research should contribute to both knowledge and practice. The contribution to knowledge lies in the fact that it will clarify the concept of the value of built assets and its application in an integrated management perspective. its application from an integrated management perspective. The expected contribution to practice is to provide institutional owners of built assets with the tools to (artifacts) to improve their decision-making based on the involvement of all customer requirements. customers. These tools could help them make decisions based on real requirements rather than assumptions, in order to maximize value creation. These tools could help them make decisions based on real requirements rather than assumptions, in order to maximize the value generated in a future built environment in Canada.

Publications

Publications from this project are available below:

Mehran, D., Poirier, A.E, & Forgues, D. (2022). Impact of Fragmentation on Value Generation – Towards a BIM-Enabled Lean Framework. Proceedings of the 30th Annual Conference of the International Group for Lean Construction (IGLC30), 1165–1176. doi.org/10.24928/2022/0229

Mehran, D., Poirier, E. A., & Forgues, D. (2022). BIM and Lean for value generation in the built asset industry: an information management perspective. In IOP Conference Series: Materials Science and Engineering (Vol. 1218, No. 1, p. 012052). IOP Publishing.

Research team

The project team :

Team

The project team

Partners

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