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http://dx.doi.org/10.6106/KJCEM.2021.22.6.024

A Study on the Current Situations about the Use of Big Data for Cost Estimating Tasks in CM Companies  

Kim, Hyeon Jin (Department of Architecture, Graduate School of Engineering, Sejong University)
Kim, Han Soo (Department of Architecture, Sejong University)
Publication Information
Korean Journal of Construction Engineering and Management / v.22, no.6, 2021 , pp. 24-33 More about this Journal
Abstract
Cost management is a major function of CM (construction management) companies for clients and cost estimating is a critical task in that it provides a baseline for cost management and a foundation for decision making in construction projects. For this purpose, CM companies need to obtain and use good quality data, which leads to more accurate and efficient cost estimating. As the use of big data becomes increasingly important in the construction industry, researches related to the theme have become the active areas of studies. However, literature review shows that the current situations in relation to the use of big for cost estimating of CM companies are under-researched. The objective of the study is to identify key characteristics and implications in the use of big data for cost estimating of CM companies, which can contribute to develop strategies for such purposes.
Keywords
Cost Estimating; Use of Big Data; Construction Management Companies; IPA Technique;
Citations & Related Records
Times Cited By KSCI : 3  (Citation Analysis)
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