Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
International Construction Measurement
Standards: What are they and why have
them?
Amanda Clack, President Elect
Alan Muse...
RICS ICMS
Futures Report Social media: #RICSFutures
Everyone’s got a view of the future
Source: Arup “Future of Rail 2050”
RICS ICMS
The socio-economic drivers and trends
RICS ICMS
Cities are growing - fast
RICS ICMS
Changing capital flows – real estate rising
RICS ICMS
Rapid urbanisation
RICS ICMS
RICS ICMS
Actions for the future
RICS ICMS
International Construction Measurement
Standards (ICMS)
What are construction measurement
standards?
• Construction measurement standards
refer to the way construction project
co...
Why are they important?
Knowing what is, and what is not
included in the cost of a
construction project is vital to:
• Und...
Why are they important?
Why are they important?
How are they used today?
• The standards used today differ within
countries and from one jurisdiction to
the next.
• Depen...
What are the implications of global
inconsistency?
• Inability to accurately
compare project costs
• Investment risk
• Lac...
What is ICMS
• ICMS establishes a global standard for
assessing project costs.
• It defines what should be included in
the...
Who is developing ICMS?
• Developed by a coalition of professional bodies from around the world.
• Coalition established d...
The expert committee
• An independent Standards Setting Committee (SSC) has been
established to write the international st...
The work of the committee
SteeringGroup
Drafting Group
Writing the standard
ICMS 1
Management level and
Infrastructure
ICM...
How will ICMS be adopted?
• The non-profit standards organisations that make up the coalition have committed
to implement ...
Who will benefit from ICMS?
• Any party that has a direct or indirect interest in construction projects will benefit.
• Th...
What are the timeframes?
• The Standards Setting
Committee is currently
working on a consultation
draft.
• The ICMS Coalit...
How can I get involved?
• Not-for-profit, professional and
standards-setting bodies are
encouraged to join the coalition
a...
International Construction
Measurement Standards (ICMS) – Get
Involved!
www.icms-coalition.org
Infrastructure challenge
RICS ICMS
RICS ICMS
This presentation was delivered
at an APM event
To find out more about
upcoming events please visit our
website www.apm.or...
Upcoming SlideShare
Loading in …5
×
Upcoming SlideShare
A Career in Project Management
Next

Share

Equipping Programme Managers for Global Success - International Construction Measurement Standards: what are they and why have them?, Amanda Clack and Alan Muse, 10 March 2016

APM Programme Management SIG.
Equipping Programme Managers for Global Success - International Construction Measurement Standards: what are they and why have them?, Amanda Clack and Alan Muse, 10 March 2016

Related Books

Free with a 30 day trial from Scribd

See all

Equipping Programme Managers for Global Success - International Construction Measurement Standards: what are they and why have them?, Amanda Clack and Alan Muse, 10 March 2016

  1. 1. International Construction Measurement Standards: What are they and why have them? Amanda Clack, President Elect Alan Muse, RICS Global Director of Built Env. RICS ICMS Equipping Programme Management for Global Success - 10th March 2016
  2. 2. RICS ICMS Futures Report Social media: #RICSFutures
  3. 3. Everyone’s got a view of the future Source: Arup “Future of Rail 2050” RICS ICMS
  4. 4. The socio-economic drivers and trends RICS ICMS
  5. 5. Cities are growing - fast RICS ICMS
  6. 6. Changing capital flows – real estate rising RICS ICMS
  7. 7. Rapid urbanisation RICS ICMS
  8. 8. RICS ICMS
  9. 9. Actions for the future RICS ICMS
  10. 10. International Construction Measurement Standards (ICMS)
  11. 11. What are construction measurement standards? • Construction measurement standards refer to the way construction project costs are calculated, classified and reported. • What is included in the ‘cost’ and what is not. • Not about the units of measurement ($, £, €, ¥ etc.) but instead the ‘line items’ in the calculation such as labour, land purchase, design, materials and client costs.
  12. 12. Why are they important? Knowing what is, and what is not included in the cost of a construction project is vital to: • Understanding how it compares with other projects within or outside that market • Accurately assessing value-for-money • Assessing and benchmarking the ‘footprint’ of a construction project • Reporting national and international construction statistics
  13. 13. Why are they important?
  14. 14. Why are they important?
  15. 15. How are they used today? • The standards used today differ within countries and from one jurisdiction to the next. • Depending on where the project is located the costs might include some or all of the following elements: – Labour and materials – Land acquisition – Professional Fees – Client costs
  16. 16. What are the implications of global inconsistency? • Inability to accurately compare project costs • Investment risk • Lack of transparency Leading to: • Under-investment in construction projects • Time and cost overruns
  17. 17. What is ICMS • ICMS establishes a global standard for assessing project costs. • It defines what should be included in the calculation of a construction project. • It will enable global consistency.
  18. 18. Who is developing ICMS? • Developed by a coalition of professional bodies from around the world. • Coalition established during a meeting at the IMF, Washington D.C. in June 2015. • Organisations have committed to develop and implement the standard.
  19. 19. The expert committee • An independent Standards Setting Committee (SSC) has been established to write the international standard. • The SSC is comprised, in total, of 27 experts from around the world. • A public consultation on the ICMS will run before the SSC ratifies and hands over the final standard to the Coalition.
  20. 20. The work of the committee SteeringGroup Drafting Group Writing the standard ICMS 1 Management level and Infrastructure ICMS 2 Buildings Link to IPMS/ Link to BIM
  21. 21. How will ICMS be adopted? • The non-profit standards organisations that make up the coalition have committed to implement the ICMS once it is published. • Many organisations will incorporate ICMS within existing standards and guidance. • Governments and businesses will lead adoption of ICMS in the marketplace
  22. 22. Who will benefit from ICMS? • Any party that has a direct or indirect interest in construction projects will benefit. • Those investing in or managing construction projects will benefit significantly. • The public will benefit through enhanced, prudent assessments of public projects
  23. 23. What are the timeframes? • The Standards Setting Committee is currently working on a consultation draft. • The ICMS Coalition is targeting Spring 2017 for the publication of the standard.
  24. 24. How can I get involved? • Not-for-profit, professional and standards-setting bodies are encouraged to join the coalition and to adopt ICMS. • Private firms, universities and governments will be invited and encouraged become voluntary ‘partners’ and work with the coalition to develop, raise awareness for and implement ICMS.
  25. 25. International Construction Measurement Standards (ICMS) – Get Involved! www.icms-coalition.org
  26. 26. Infrastructure challenge RICS ICMS
  27. 27. RICS ICMS
  28. 28. This presentation was delivered at an APM event To find out more about upcoming events please visit our website www.apm.org.uk/events
  • abonlin

    Oct. 5, 2019

APM Programme Management SIG. Equipping Programme Managers for Global Success - International Construction Measurement Standards: what are they and why have them?, Amanda Clack and Alan Muse, 10 March 2016

Views

Total views

1,363

On Slideshare

0

From embeds

0

Number of embeds

496

Actions

Downloads

0

Shares

0

Comments

0

Likes

1

×