Korean Journal of Construction Engineering and Management (한국건설관리학회논문집)

Korea Institute of Construction Engineering and Management (한국건설관리학회)
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Development Acceptable Risk Model for International Construction Projects - Focusing on Small and Medium Construction Companies -

해외 건설 다수 프로젝트 관리를 위한 허용리스크 도출 - 중소·중견 건설기업 관점에서 -

  • Hwang, Geunouk (Department of Civil and Environmental Engineering, Yonsei University) ;
  • Park, Chan Young (Department of Civil and Environmental Engineering, Yonsei University) ;
  • Jang, Woosiki (Department of Civil and Environmental Engineering, Yonsei University) ;
  • Han, Seung Heon (Department of Civil and Environmental Engineering, Yonsei University) ;
  • Kang, Sin Young (International Contractors Association of Korea)
  • Received : 2016.03.23
  • Accepted : 2016.04.06
  • Published : 2016.05.31
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Abstract

Since Korean construction firms have steadily advanced into the international market, small and medium construction companies (SMCCs) have also advanced in such market. SMCCs's recent trend have clearly shown the changes of contract types from single subcontractor projects to multiple general contracting projects. However, among those multiple projects performed by SMCCs, 1 out of 3 projects were deficit projects that impact the overall pe rformance of the firm. To increase such performance, risk management for in international construction must be managed at the enterprise level for SMCCs. This research aims to create a multiple project management model for SMCCS that employs the concept of acceptable risk to assess the limit risk level for corporation to acceptable. Using the accumulated data from previous survey and International Construction Association of Korea (ICAK), integrated risk of each firm and their profitability of each project are analyzed. Through the analysis, each firm's acceptable risk level is derived. Through the two research steps, acceptable risk algorithm was developed based on corporate integrated risk and profit correlation. To prove the acceptable algorithm relevance, financial statement analysis of 3 corporation was derived that level of acceptable risk and financial statement were available. Through the approach, this research allows the firms to analyze the firm's capability and find projects that suits the firm's situation and capability.

해외 시장에서 한국 건설기업들의 지속적인 성장에 힘입어 중소 중견기업 역시 눈에 띄게 성장 하였다. 중소 중견기업의 진출 형태 또한 기존 단일 하도급 위주의 프로젝트 수행에서 다수 원도급 위주의 프로젝트 수행으로 고도화 되고 있다. 하지만 수익률 측면에서 여전히 적자 현상에서 벗어나지 못하고 있다(대기업 5건 중 1건 적자, 중소기업 3건 중 1건 적자 공사). 이에 본 연구에서는 고도화된 진출형태에 따른 중소 중견기업의 다수프로젝트 관리방안을 도출하고자 한다. 1965년부터 시행된 8,000여 건의 해외건설 준공데이터 정보를 기반으로 프로젝트 통합리스크를 측정한다. 또한 통합리스크와 수익률간의 상관관계를 기반으로 기업별 최대로 허용할 수 있는 허용리스크 도출 알고리즘을 개발하였다. 3개 기업을 선정하여 이들 기업의 재무제표 분석을 수행하였으며 기업의 허용리스크 구간이 기업의 성과와 상관성이 있다는 것을 도출하였다. 허용리스크 측정을 통해 중소 중견 기업관점에서 다수프로젝트 관리를 위한 중요한 참고자료를 제시할 수 있을 것이라 기대한다.

Keywords

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