• 제목/요약/키워드: Civil engineering project

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COMPENSATION STRUCTURE AND CONTINGENCY ALLOCATION IN INTEGRATED PROJECT DELIVERY SYSTEMS

  • Mei Liu;F. H. (Bud) Griffis;Andrew Bates
    • 국제학술발표논문집
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    • The 5th International Conference on Construction Engineering and Project Management
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    • pp.338-343
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    • 2013
  • Integrated Project Delivery (IPD) as a delivery method fully capitalizes on an integrated project team that takes advantage of the knowledge of all team members to maximize project outcomes. IPD is currently the highest form of collaboration available because all three core project stakeholders, owner, designer and contractor, are aligned to the same purpose. Compared with traditional project delivery approaches such as Design-Bid-Build (DBB), Design-Build (DB), and CM at-Risk, IPD is distinguished in that it eliminates the adversarial nature of the business by encouraging transparency, open communication, honesty and collaboration among all project stakeholders. The team appropriately shares the project risk and reward. Sharing reward is easy, while it is hard to fairly share a failure. So the compensation structure and the contingency in IPD are very different from those in traditional delivery methods and they are expected to encourage motivation, inspiration and creativity of all project stakeholders to achieve project success. This paper investigates the compensation structure in IPD and provides a method to determine the proper level of contingency allocation to reduce the risk of cost overrun. It also proposes a method in which contingency could be used as a functional monetary incentive when established to produce the desired level of collaboration in IPD. Based on the compensation structure scenario discovered, a probabilistic contingency calculation model was created by evaluating the random nature of changes and various risk drivers. The model can be used by the IPD team to forecast the probability of the cost overrun and equip the IPD team with confidence to really enjoy the benefits of collaborative team work.

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IMPLEMENTATION OF PRODUCT DATA MANAGEMENT SYSTEM FOR DESIGN OF BRIDGE STRUCTURES

  • Jin-Suk Kang;Seung-Ho Jung;Yoon-Bum Lee;Kwang-Myong Lee
    • 국제학술발표논문집
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    • The 3th International Conference on Construction Engineering and Project Management
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    • pp.1318-1323
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    • 2009
  • In recent years, dramatic advances in information technology have motivated the construction industry to improve its productivity. Computer-based information technology includes Computer-Aided Design (CAD), Computer-Aided Engineering (CAE), Computer-Aided Manufacturing (CAM), Enterprise Resource Planning (ERP), Digital Mock-Up (DMU) and Product Data Management (PDM). Most construction industries are trying to apply these technologies for quality improvement, reduction of construction time and cost. PDM is very useful for managing data and process related to product design and manufacturing. PDM system has various functions such as drawing and engineering document management, product structure and structure modification management, part classification management, workflow management, and project management. In this paper, PDM system was applied to the design of steel-concrete composite girder bridge. To make a practical guidance for PDM implementation to bridge design, the procedure for its implementation was presented. Consequently, this paper could be useful to enhance the efficiency of bridge design.

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FUZZY GOAL PROGRAMMING FOR CRASHING ACTIVITIES IN CONSTRUCTION INDUSTRY

  • Vellanki S.S. Kumar;Mir Iqbal Faheem;Eshwar. K;GCS Reddy
    • 국제학술발표논문집
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    • The 2th International Conference on Construction Engineering and Project Management
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    • pp.642-652
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    • 2007
  • Many contracting firms and project managers in the construction industry have started to utilize multi objective optimization methods to handle multiple conflicting goals for completing the project within the stipulated time and budget with required quality and safety. These optimization methods have increased the pressure on decision makers to search for an optimal resources utilization plan that optimizes simultaneously the total project cost, completion time, and crashing cost by considering indirect cost, contractual penalty cost etc., practically charging them in terms of direct cost of the project which is fuzzy in nature. This paper presents a multiple fuzzy goal programming model (MFGP) that supports decision makers in performing the challenging task. The model incorporates the fuzziness which stems from the imprecise aspiration levels attained by the decision maker to these objectives that are quantified through fuzzy linear membership function. The membership values of these objectives are then maximized which forms the fuzzy decision. The problem is solved using LINGO 8 optimization solver and the best compromise solution is identified. Comparison between solutions of MFGP, fuzzy multi objective linear programming (FMOLP) and multiple goal programming (MGP) are also presented. Additionally, an interactive decision making process is developed to enable the decision maker to interact with the system in modifying the fuzzy data and model parameters until a satisfactory solution is obtained. A case study is considered to demonstrate the feasibility of the proposed model for optimization of project network parameters in the construction industry.

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INVESTMENT EVALUATION OF TRANSPORTATION INFRASTRUTURE PROJECTS USING BINOMIAL REAL OPTION MODEL

  • Qiyu Qian;Xueqing Wang;Charles Y.J. Cheah
    • 국제학술발표논문집
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    • The 2th International Conference on Construction Engineering and Project Management
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    • pp.563-572
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    • 2007
  • Transportation infrastructure is critical to economic growth of a country such as China. Careful evaluation of investments in traffic infrastructure projects is therefore pertinent. As traditional evaluation methods do not consider the uncertainty of future cash flows and mobility during project execution, the real option approach is gradually gaining recognition in the context of valuing construction and infrastructure projects. However, many of the cases only evaluate individual options separately although multiple options often exist in a typical large infrastructure project. Using a highway project in China as a case study, this paper first evaluates a deferment option and a growth option embedded in the project. Subsequently, the values are combined using the fuzzy analytical hierarchy process. It is found that the combined value is less than the sum of the two option values. This finding is consistent with the theoretical observations given in past real option literature despite the use of a different approach.

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Study on the Influence of Stakeholders in Construction Projects

  • Rajeev, S.;Kothai, P.S.
    • Journal of Construction Engineering and Project Management
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    • 제4권2호
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    • pp.8-11
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    • 2014
  • The interactions and interrelationships between stakeholders largely determine the overall performance of a construction project, and have the crucial responsibility for delivering a project to successful completion. An important component of stakeholder management is stakeholder analysis. Two case studies are conducted within Kerala (India). The main objective was to carry out stakeholder analysis using stakeholder organiser deluxe software, considering the data's collected from the project execution team using questionnaire. During data collection the key stakeholders were identified, to know how to manage them, their interest, power, attitude level etc, for quality improvement. Analyze the results using the software Stakeholder organizer deluxe and modeling of stakeholders is to be done. Finally validate the models of the projects. These findings may mainly reflect the stakeholder management environment in the respective regions of project implementation.

A COST-BENEFIT ANALYSIS OF INTEGRATING ERP SYSTEMS WITH PROJECT MANAGEMENT SYSTEMS IN CONSTRUCTION

  • BooYoung Chung;Miroslaw J. Skibniewski
    • 국제학술발표논문집
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    • The 1th International Conference on Construction Engineering and Project Management
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    • pp.575-586
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    • 2005
  • This paper presents an approach to quantifying the costs and benefits of integrating ERP systems with project management systems, including potential time and cost savings. To properly identify the costs and the benefits, the paper shows the relevant construction information flows and the desired milestones in the integration process. The proposed benefit analysis model should allow construction firms considering the integration of their ERP systems with legacy systems or commercial project management software make informed decisions in regard to the existing alternatives in the early stages of decision making.

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A STUDY ON ANALYSIS OF DELIVERY & CONTRACT SYSTEM FOR INTRODUCTION OF THE INTEGRATED PROJECT DELIVERY (IPD) TO KOREA - Focusing on Delivery and Contract of Public Works -

  • Sulmin Song;Seong-Ah Kim;Yea-Sang Kim;Sangyoon Chin
    • 국제학술발표논문집
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    • The 4th International Conference on Construction Engineering and Project Management Organized by the University of New South Wales
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    • pp.142-148
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    • 2011
  • Recently, much attention has been increasingly paid to the efficiency of the delivery system in order to manage construction project in a smooth and effective way. The integrated plan in consideration of the life cycle of building is required for the effective and integrated management of information in a huge amount. To this end, collaboration between each field is indispensable from the beginning of project. But there is a limitation that the designer and the constructor sign the contract separately in the conventional delivery system. In the US, the recent trend is that the Integrated Project Delivery (IPD) has been introduced to improve the effectiveness of project management in an increasing number of the cases where project is implemented by utilizing the IPD. In Korea, there is also an increasing need to introduce the IPD for the integrated project management. Consequently, the purpose of this study is to examine and analyze the laws and the contracts that are applied to domestic cases of placing order and signing contract based on the concept and principle of the IPD before the actual introduction of the IPD. Based on such examination and analysis, this study intends to figure out the constraints to the introduction of the IPD. It is expected that the results of this study will be used as basic data for IPD-related study in the future.

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IMPROVING THE USABILITY OF STOCHASTIC SIMULATION BASED SCHEDULING SYSTEM

  • Tae-Hyun Bae;Ryul-Hee Kim;Kyu-Yeol Song;Dong-Eun Lee
    • 국제학술발표논문집
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    • The 3th International Conference on Construction Engineering and Project Management
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    • pp.393-399
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    • 2009
  • This paper introduces an automated tool named Advanced Stochastic Schedule Simulation System (AS4). The system automatically integrates CPM schedule data exported from Primavera Project Planner (P3) and historical activity duration data obtained from a project data warehouse, computes the best fit probability distribution functions (PDFs) of historical activity durations, assigns the PDFs identified to respective activities, computes the optimum number of simulation runs, simulates the schedule network for the optimum number of simulation runs, and estimates the best fit PDF of project completion times (PCTs). AS4 improves the reliability of simulation-based scheduling by effectively dealing with the uncertainties of the activities' durations, increases the usability of the schedule data obtained from commercial CPM software, and effectively handles the variability of the PCTs by finding the best fit PDF of PCTs. It is designed as an easy-to-use computer tool programmed in MATLAB. AS4 encourages the use of simulation-based scheduling because it is simple to use, it simplifies the tedious and burdensome process involved in finding the PDFs of the many activities' durations and in assigning the PDFs to the many activities of a new network under modeling, and it does away with the normality assumptions used by most simulation-based scheduling systems in modeling PCTs.

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Advanced Alignment-Based Scheduling with Varying Production Rates for Horizontal Construction Projects

  • Greg Duffy;Asregedew Woldesenbet;David Hyung Seok Jeong;Garold D. Oberlender
    • 국제학술발표논문집
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    • The 5th International Conference on Construction Engineering and Project Management
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    • pp.403-411
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    • 2013
  • Horizontal construction projects such as oil and gas pipeline projects typically involve repetitive-work activities with the same crew and equipment from one end of the project to the other. Repetitive scheduling also known as linear scheduling is known to have superior schedule management capabilities specifically for such horizontal construction projects. This study discusses on expanding the capabilities of repetitive scheduling to account for the variance in production rates and visual representation by developing an automated alignment based linear scheduling program for applying temporal and spatial changes in production rates. The study outlines a framework to apply changes in productions rates when and where they will occur along the horizontal alignment of the project and illustrates the complexity of construction through the time-location chart through a new linear scheduling model, Linear Scheduling Model with Varying Production Rates (LSMVPR). The program uses empirically derived production rate equations with appropriate variables as an input at the appropriate time and location based on actual 750 mile natural gas liquids pipeline project starting in Wyoming and terminating in the center of Kansas. The study showed that the changes in production rates due to time and location resulted in a close approximation of the actual progress of work as compared to the planned progress and can be modeled for use in predicting future linear construction projects. LSMVPR allows the scheduler to develop schedule durations based on minimal project information. The model also allows the scheduler to analyze the impact of various routes or start dates for construction and the corresponding impact on the schedule. In addition, the graphical format lets the construction team to visualize the obstacles in the project when and where they occur due to a new feature called the Activity Performance Index (API). This index is used to shade the linear scheduling chart by time and location with the variation in color indicating the variance in predicted production rate from the desired production rate.

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Prediction Model of Final Project Cost using Multivariate Probabilistic Analysis (MPA) and Bayes' Theorem

  • Yoo, Wi Sung;Hadipriono, FAbian C.
    • 한국건설관리학회논문집
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    • 제8권5호
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    • pp.191-200
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    • 2007
  • This paper introduces a tool for predicting potential cost overrun during project execution and for quantifying the uncertainty on the expected project cost, which is occasionally changed by the unknown effects resulted from project's complications and unforeseen environments. The model proposed in this stuff is useful in diagnosing cost performance as a project progresses and in monitoring the changes of the uncertainty as indicators for a warning signal. This model is intended for the use by project managers who forecast the change of the uncertainty and its magnitude. The paper presents a mathematical approach for modifying the costs of incomplete work packages and project cost, and quantifying reduced uncertainties at a consistent confidence level as actual cost information of an ongoing project is obtained. Furthermore, this approach addresses the effects of actual informed data of completed work packages on the re-estimates of incomplete work packages and describes the impacts on the variation of the uncertainty for the expected project cost incorporating Multivariate Probabilistic Analysis (MPA) and Bayes' Theorem. For the illustration purpose, the Introduced model has employed an example construction project. The results are analyzed to demonstrate the use of the model and illustrate its capabilities.