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http://dx.doi.org/10.6106/KJCEM.2015.16.1.003

Developing a Project and Program Management Capability Assessment System for the Korean Construction Management Firms  

Choi, Jaehyun (Department of Architectural Engineering, Korea University of Technology and Education)
Son, Jaeho (Department of Architectural Engineering, Hongik University)
Kim, Jihye (Department of Architectural Engineering, Korea University of Technology and Education)
Publication Information
Korean Journal of Construction Engineering and Management / v.16, no.1, 2015 , pp. 3-14 More about this Journal
Abstract
Since the global financial crisis, the Korean domestic construction market has continuously experienced downturns, and the Korean domain construction firms'profitability has been persistently deteriorated. Domestic construction firms have rapidly advanced to overseas markets exclusively for the construction contract packages. However, the profitability for the construction contracts has been lower compared to engineering or project management contracts. One of the critical issues the Korean firms have faced was project management capability across all phases in project execution. Even though several project management capability assessment tools were introduced, most tools were applicable to a wide variety of industry sectors rather than construction industry. Project management capability assessment tool specifically applicable to domestic CM firms was developed through this research, in order to assess project and program management capabilities and improve the competitiveness in overseas market Also, the correlation between project, programs, and the CM infrastructure were identified. The CM firms were divided into two groups according to the size of the business, and both were evaluated at the project and the program level based for the 9 different criteria. The project management capability assessment tool developed for the CM firms can be used for self-assessment to distinguish the strengths and weaknesses of each company at the project and program level. In addition, the current status of each group can be identified by spotting improvement areas for the management capabilities.
Keywords
Project Management; Program Management; CM Infra; Self-capability Assessment; Overseas Construction Market;
Citations & Related Records
Times Cited By KSCI : 1  (Citation Analysis)
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