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Management by objectives (MBO) is a process of agreeing upon objectives (as can be detailed within business plans) within an organization so that management and employees agree to the objectives and understand what they are in the organization.
Virtual design and construction – (VDC) is the use of integrated multi-disciplinary performance models of design-construction projects, including the Product (i.e., facilities), Work Processes and Organization of the design - construction - operation team in order to support explicit and public business objectives.
"Virtual design and construction BIMs are virtual because they show computer-based descriptions of the project. The BIM project model emphasizes those aspects of the project that can be designed and managed, i.e., the product (typically a building or plant [and infrastructure]), the organization that will define, design, construct, and operate it, and the process the organization teams will ...
There are traditionally two contracts between these parties as they work together to plan, design and construct the project. [12] The first contract is the owner-designer contract, which involves planning, design, and construction contract administration. The second contract is the owner-contractor contract, which involves construction.
A project plan, according to the Project Management Body of Knowledge (PMBOK), is: "...a formal, approved document used to guide both project execution and project control. The primary uses of the project plan are to document planning assumptions and decisions, facilitate communication among project stakeholders , and document approved scope ...
The system's design agenda as a whole, and the more specific design objectives of its parts, originate from relevant user requirements. These requirements evolve into a comprehensive set of Performance Requirements that should be established by a large number of stakeholders (the users, entrepreneur/owner, regulatory framework, design team, and ...
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