Design and Implementation of a Construction Value Optimisation Framework in Tata Steel Limited

Abstract

This study looks into whether or not a Structured Value Optimisation Framework exists at Tata Steel Limited and whether or not it works to improve value delivery on construction projects. We used a quantitative method to gather data from 150 people in order to assess important factors including stakeholder value, minimising resources, innovating processes, and creating long-term value. The findings of one-sample t-tests show that all variables are statistically significant (p < 0.001), which confirms that there is a strong framework that helps projects reach their best possible outcomes. Also, paired sample tests were used to look at how governance procedures and stakeholder mechanisms fit together and depend on each other. Structured governance and alignment were strongly related, however there was a big gap between responsibility chains and stakeholder participation. These results show what Tata Steel's framework does well and where it could be improved in terms of governance. The report gives infrastructure companies useful information on how to set up value-based project delivery processes.