Korean Journal of Construction Engineering and Management (한국건설관리학회논문집)

Korea Institute of Construction Engineering and Management (한국건설관리학회)
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Predicting Project Performance by Analyzing Key Success Factors on Project Fiancing(PF) Development

건설 프로젝트 파이낸스(PF) 사업의 성공영향요인(KSF) 분석을 통한 사업성과 예측 모델

  • Lee, Dong-Gun (Department of Architectural Engineering, Ajou University) ;
  • Cha, Hee-Sung (Department of Architectural Engineering, Ajou University)
  • Received : 2014.04.04
  • Accepted : 2014.06.09
  • Published : 2014.09.30
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Abstract

Project Financing (PF) development project is the type which influences national economy and building industry largely because it is exerted by using borrowed money from many kinds of investors and huge amount of financial raising. Many domestic PF projects are focused mainly on the profit maximization lacking in a sufficient feasibility study. Nowadays many projects are suspending due to the global finance debacle and stagnation of real estate industry. Therefore, in this paper, risk factors of PF project are deducted and Key Success Factors (KSFs) are derived through Factor-Analysis and qualified using Fuzzy-AHP method. And through the evaluation of the derived success factors in real projects, a strong correlationship has been identified between the score of each PF success factor and the level of success and/or expected rate of return (ROR). So, the result of this paper can help decision makers of the PF projects make a better decision and give a meaningful guidance in achieving successful PF projects.

프로젝트 파이낸싱(PF) 개발사업은 다수의 차명자와 대규모의 금융조달을 통하여 공사를 수행함으로 국가경제개발과 건축 산업의 발전에 큰 영향을 끼치는 프로젝트의 형태이다. 그러나 국내 PF 개발사업의 경우 프로젝트에 대한 충분한 검토보다는 개발이익의 극대화의 측면에서 프로젝트를 진행함으로 인하여 현재 글로벌 금융위기와 부동산 침체에 의하여 사업의 중단이 속출하고 있다. 이에 본 연구에서는 PF사업의 리스크 요인을 도출하고 이를 요인분석을 통하여 PF사업의 성공영향요인을 도출하였고, 이를 Fuzzy-AHP기법을 활용하여 영향요인에 대한 정량화를 수행하였다. 그리고 도출된 PF 성공영향요인의 실제 사례 평가를 통하여 PF성공평가 점수와 프로젝트의 수익률에 대한 상관관계를 도출할 수 있었으며, 이를 통해 PF사업의 평가를 통하여 프로젝트 의사결정자의 의사결정에 도움을 줄 수 있을 것으로 사료된다.

Keywords

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