• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.509-512
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• 2003

The Critical Path Method(CPM) is an effective tool used for planning and scheduling. One of strong point in the CPM is what can calculate float. Float is able to prolong without having an effect on overall schedule of project, however concept and scope about ownership is not definite, because it is a by-product of project. Thus participants have had many dispute in using float because of their interests. In recent years, a few theories have evolved in an attempt to solve this problem. But the prior research did not make a reasonable distribution of float because their criteria of distribution was based on ratio for total project time. Actually, an application of float is achieved by participant's delay risk. Therefore. this paper proposes criteria for float distribution using delay risks, and the framework for the assessment of the delay risks.

• Journal of Korea Water Resources Association
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• v.55 no.1
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• pp.85-97
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• 2022

In this study, a method for an integrated flood risk mapping was proposed that simultaneously considers the flood inundation map indicating the degree of risk and the disaster vulnerability index. This method creates a new disaster map that can be used in actual situations by providing various and specific information on a single map. In order to consider the human, social and economic factors in the disaster map, the study area was divided into exposure, vulnerability, responsiveness, and recovery factors. Then, 7 indicators for each factor were extracted using the GIS tool. The data extracted by each indicator was classified into grades 1 to 5, and the data was selected as a disaster vulnerability index and used for integrated risk mapping by factor. The risk map for each factor, which overlaps the flood inundatoin map and the disaster vulnerability index factor, was used to establish an evacuation plan by considering regional conditions including population, assets, and buildings. In addition, an integrated risk analysis method that considers risks while converting to a single vulnerability through standardization of the disaster vulnerability index was proposed. This is expected to contribute to the establishment of preparedness, response and recovery plans for providing detailed and diverse information that simultaneously considers the flood risk including social, humanistic, and economic factors.

• Korean Journal of Construction Engineering and Management
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• v.3 no.3 s.11
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• pp.49-57
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• 2002

This paper describes the second stage of the work aiming at proposing a reasonable risk management response system for construction safety. By means of questionnaires/interviews and two sample t-tests, significant risk factors are identified for three different conditions. Then a Case-Based Reasoning System is built for use at construction sites to simulate possible accidents. This Construction Management Reasoning System(CMRS) nay be used by safety managers at sites every day (or education and training of workers to prevent accidents. The case base built so far is limited to the construction of expressway bridges. There is much need for further research since the simulation of possible accidents is to be a good means to enhance safety awareness of construction workers.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2004.11a
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• pp.457-461
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• 2004

The insufficient management o( the risk of preconstruction phase causes the risk of construction phase so it makes bad effects such as the extension of construction time and raising of cost. Therefore, the management of the risk of preconstruction phase is being considered as an important element of success of project and the competitive power of construction companies. This study Is to suggest solution methods for each progress after examining reasons of the risk for the management of the risk of preconstruction phase 1'he progress is limited as earth work, RC work, steel work and curtain wall work. Through the introduction of Knowledge Management system, work flow is made by specialist of each part. The reasons of the risk of progress are chosen through the analysis of work flow and I suggest detailed solutions such as person in charge, the starting point of progress and the information of requirements according to the grade of importance about elements of the risk

• Journal of the Korea Institute of Building Construction
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• v.7 no.1 s.23
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• pp.63-70
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• 2007

The aims of this study are to draw the project risk factors by grasping the relation especially between the construction preparation cost calculation and the project risk factors in the project's bidding stage, and to draw the cost estimate based on the risk when the orderer or the constructer performs the project and the main factors in calculating the most suitable construction cost by clarifying the understanding degree of the influence between the risk factors and the construction cost. In addition, this study can give a help to the proper decision -making through the prediction of the construction preparation cost, and this study is expected to give the basic data in developing the assessment tool for the most suitable construction cost of the project.

• Korean Journal of Construction Engineering and Management
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• v.7 no.5
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• pp.64-76
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• 2006

Korea's overseas construction industry has been rather depressed by the weakened profitability as well as the sharp decrease of the market shares due to the lack of international competitiveness and the declined international market. There exist a lot of various risks in performing the overseas construction, and especially EPC projects, which entail complicated process from different parts, also require a sophisticated procurement and management skill. Subsequently, to survive in the competitive international market, we need to establish strategies to select potentially profitable projects at the initial stage of bidding process and to mitigate the high degree of risk exposure through contract negotiation and its adjustment. This research discusses the trend of environment in international construction markets. Then, it identifies the key factors that affect the profitability significantly through the structured surveys from 59 actual overseas projects, and it analyzes the key factors by using statistical methods. This research provides the profitability evaluation bases, with which overseas construction participants can forecast and analyze the risk more systematically, by eliciting profit-influencing factors using the result of statistical analysis, literature review and structuring their cause-and-effect relationships. The profitability casual hierarchy structure describes the profitability factors' hierarchy in details and their interrelationships. It also enables us to find out critical factors directly related to profitability aggravation through a qualitative and quantitative analysis. Ultimately, with this hierarchy structure as the base, the research will suggest how to develop the quantitative profitability forecasting model.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2008.11a
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• pp.901-904
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• 2008

The purpose of this study is to identify the risk factors, analyze the risk factors and make a risk check list of survey in road construction. Generally. the risk management is consisted of 3 steps: risk identification, Risk analysis, Risk hedge. This study is focused on the identification of risk and analysis of risk. To identify the risk factors of survey, we used the specifications of road construction, law of survey, and check list of road construction. This study provides the risk check list of survey for road construction. This research was undertaken to analyze risk factors being determine by the FGI(Focus Group Interview) method with survey specialists.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2006.11a
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• pp.58-63
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• 2006

In the recent years, the government pay more interested in BTL projects, this led to rapid growth of BTL projects. But the project stakeholder has encountered with some problems during initial phase. As a result, a distinct need has emerged for analysis of risk factors for BTL projects. Based on real cases, this study resulted in risk factors influencing every phases and grouped risk factors into each phase. In addition, this study also perform sensitivity analysis in order to know how risk factors affect to BTL projects. Moreover, the result of this study can be used as a tools for anyone who study or encounter the same problems in the future. The paper can be used as standards for risk assignment that occur between competent authorities and private enterprises.

• Korean Journal of Construction Engineering and Management
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• v.8 no.1 s.35
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• pp.47-56
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• 2007

The Build-Transfer-Lease(BTL) system is a new way of attracting private capital to social infrastructure construction projects. Private companies will get back their investment by leasing facilities to the government. In January 2005, government introduces a 'Korean New Deal Policy' to initiate BTL system in the field of social infrastructure development such as education, public welfare, housing, culture etc. As BTL being still in premature phase, thus it is lack of knowledge in BTL and there is no such studies about problems and impacts of BTL projects. However, there could be so many problems underlying within BTL projects. Therefore, the purpose of this paper is to identify various risk factors during implementation of BTL projects. For this purpose, five BTL undertaking projects were studied. Field survey was conducted based-on interview instruments. Prevailing risk factors in operating the BTL Project were collected from the both officials of project promoters and concessionaires. In addition, a distinct need has emerged for analysis of risk factors for BTL projects. Based on real cases, this study resulted in risk factors influencing every phases and grouped risk factors into each phase. Moreover, this study also perform sensitivity analysis in order to know how risk factors affect to BTL projects. From analyzing the data, the study addresses that both major BTL project participants 'the competent authority' and 'Special purpose company(SPC)' have many problems and difficulties to operate the projects.

• Korean Journal of Construction Engineering and Management
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• v.18 no.4
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• pp.3-16
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• 2017

Forecasting cash flow is very important but is difficult and complicated to analysis in high-rise development projects. And An expected value which was forecasted on the early stage is likely to fluctuate due to uncertainties around such complicated huge project to consider the probable uncertainty. There are not objectified method which are able to cope with uncertainty of project, and feasibility study based on selected financial analysis does not include liquidity of cash flow. Through such a stochastic method, developer can cope with cash flow fluctuation and set up a financial plan. Also this study is meaningful for laying the foundation for high-rise development project and feasibility study as well as the suitability and accuracy of feasibility study. Analysis showed that NPV and IRR include residential apartments shows surplus revenue as return of apartments offset deficit of hotel and office. Factors influencing the project feasibility for high-rise development project are sales account of $1^{st}$ year and annual vacancy rate of office.