Future Construction Industry Trends - Page 41

Historic preservation - Is an endeavor that seeks to preserve, conserve and protect buildings, objects, landscapes or other artifacts of historical significance. It tends to refer specifically to the preservation of the built environment, and not to preservation of, for example, primeval forests or wilderness. Holistic design - Holistic design is an approach to design which considers the system being designed as an inte rconnected whole which is also part of something larger. Holistic concepts can be applied to architecture as well as the design of mechanical devices, the layout of spaces, and so forth. This approach to design often incorporates concerns about the environment, with holistic designers considering how their design will impact the environment and attempting to reduce environmental impact in their designs. Source: www.wisegeek.com Human behavior - The range of actions and mannerisms exhibited by humans in conjunction with their environment, responding to various stimuli or inputs, whether internal or external, conscious or subconscious, overt or covert, and voluntary or involuntary. It refers to the range of behaviors exhibited by humans and which are influenced by culture, attitudes, emotions, values, ethics, authority, rapport, hypnosis, persuasion, coercion and genetics. Read more: http://www.mbabrief.com Human Resources - The resource that resides in the knowledge, skills, and motivation of people. Source: http://www.businessdictionary.com Hydroelectricity - Refers to electricity generated by hydropower; the production of electrical power through the use of the gravitational force of falling or flowing water. Industrial design - Creation and development of concepts and specifications aimed at optimizing the functions, value, and appearance of products, structures, and systems. Source: www.businessdictionary.com/definition/industrial-design.html#ixzz396VaHpSn Industry Structure and Terminology - In addition to understanding who your competition is, it is important to understand how the industry is structured, who the suppliers and customers are and what the barriers to entry are. In essence, one needs to answer the question as to what kind of competitive threats you will experience and what are the substitutes for your product. Source: Source: info.umuc.edu Innovation - Innovation is about finding a better way of doing something. It can be viewed as the application of better solutions that meet new requirements, in-articulated needs, or existing market needs. This is accomplished through more effective products, processes, services, technologies, or ideas that are readily available to markets, governments and society. The term innovation can be defined as something original and, as a consequence, new, that "breaks into" the market or society. Source: www.wikipedia.com Integrated Form of Agreement - Standard Form of Agreement Between Owner and Contractor for Integrated Project Delivery. Source: www.aia.org Integrated Project Delivery (IPD) - Integrated project delivery (IPD), is a collaborative alliance of people, systems, business structures and practices into a process that harnesses the talents and insights of all participants to optimize project results, increase value to the owner, reduce waste, and maximize efficiency through all phases of design, fabrication, and construction. Source: www.AIA.org ┬ęCopyright 2014, North Central Texas InterLink, Inc. All rights reserved 41