M4I has spawned a whole new language. Here is what the M4I say they mean:
CBPP is the Construction Best Practice Programme, which is jointly supported by the Department of the Environment, Transport and the Regions and the Construction Industry Board. It publicises and supports the use of improved business and management practices for the uk construction industry.
KPIs are Key Performance Indicators - the nationally agreed indicators used to measure performance against industry averages. M4I and the Construction Best Practice Programme have produced a basic set of headline KPI's for organisation to gauge performance.
Lean Construction is about managing and improving the construction process to deliver, profitably, what the consumer needs. A typical approach is to clearly identify the process that delivers what the customer values and then eliminate all non-value adding steps.
Partnering is a label used for a variety of innovative approaches to managing relationships between organisations in the supply chain. Partnering aims to move beyond the limitations of traditional contract-led relationships.
Respect for People is about getting the best value for the industry by motivating, rewarding and applying consideration to those who work in the industry. It encompasses ethnicity, welfare, health and safety, training, staff development, recruitment and retention.
Sustainability is 'the consideration of the future when planning the present.' It means meeting four objectives at the same time:
social progress which recognises the needs of everyone affected
effective protection of the environment
prudent use of natural resources
maintaining high and stable levels of growth and employment.
Value Management or Value Engineering is a structured methodology for matching the project to user needs and of improving performance and quality while reducing costs and eliminating waste.
KE is the Knowledge Exchange, an online resource to share the experiences from the demonstration projects (www.m4i.org.uk).