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http://dx.doi.org/10.21289/KSIC.2022.25.6.1017

Performance Analysis Framework for Post-Evaluation of Construction Projects through Benchmarking from Advanced Countries  

Lee, Kang-Wook (Post-Construction Evaluation and Management Center, Department of Construction Policy Research, Korea Institute of Civil Engineering & Building Technology)
Publication Information
Journal of the Korean Society of Industry Convergence / v.25, no.6_2, 2022 , pp. 1017-1027 More about this Journal
Abstract
Development of social overhead capital (SOC) requires huge national finance, and performance issues such as cost-efficiency, safety, and environment have been constantly raised. However, currently each construction client has limited access to its own projects' performance without analytic methodology for industry-level comparisons and benchmarking for improvement. To overcome this problem, this study proposes a comprehensive performance analysis framework for post-evaluation of large-scale construction projects. To this end, this study performed a case study of advanced countries (the U.S., the U.K. and Japan) and consultation with related experts to develop a tailored performance analysis framework for the Post- Construction Evaluation and Management system in Korea. The developed framework covers three categories (project performance, project efficiency, and ripple effect), nine areas (cost, schedule, change, safety, quality, demand, benefit-cost ratio, civil complaint, and defect), and 31 detailed metrics. Using industry-level project performance database and statistical techniques, the proposed framework can be used not only to diagnose excellent and unsatisfactory performance areas for completed construction projects, but also to provide reference data for future similar projects. This study can contribute to the improvement of clients' performance management practices and effectiveness of construction projects.
Keywords
Social Overhead Capital(SOC); Project Performance Analysis; Post-Construction Evaluation and Management; Benchmarking; Data-Driven Planning;
Citations & Related Records
Times Cited By KSCI : 2  (Citation Analysis)
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