• Title/Summary/Keyword: Construction Value Engineering

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The Physical Properties of Granite Microfines and the Workability of Mortar with Granite Microfines

  • Koehler, Eric;Hahn, Michael De Moya;Trachet, Alison;Rached, Marc;Choi, Jae Jin;Fowler, David
    • Journal of the Korean Recycled Construction Resources Institute
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    • v.4 no.3
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    • pp.69-74
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    • 2009
  • This paper summarizes the analysis of granite microfines from California for use in portland cement concrete. For reference, the granite microfines were compared to microfines used in previous International Center for Aggregates Research(ICAR) projects. The particle shape characteristics, based on the packing density results, were assessed and apparent clay content, based on the methylene blue value test, was evaluated. Also, the physical properties of the microfines were confirmed in self-consolidating mortar mixtures.

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Application of probabilistic VE/LCC Analysis Models for Quay Wall Structures (안벽구조물의 확률론적 VE/LCC 분석모델 적용방안)

  • Ahn, Jong-Pil;Lee, Cheung-Bin;Park, Ju-Won;Yu, Deog-Chan
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.5
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    • pp.71-79
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    • 2007
  • It is common that the analysis of VE/LCC is performed in design phase of quay wall structures. The analysis is mainly executed based on experience and engineering sense of expert considering the selection of construction method, construction and maintenance cost. Recently there are increasing demands on the analysis that includes uncertainty and vulnerability of input parameters, for this purpose, fuzzy reliability based probabilistic VE/LCC analysis model for quay wall structures is suggested. In VE/LCC analysis for quay wall structures, the application of probabilistic analysis method give very similar results compare with those of deterministic analysis method. It is anticipated that the methodology proposed in this paper can also be utilized in the design and maintenance phase of other facilities where decision making is made for the probabilistic life cycle cost and value analysis.

BALANCED SCORECARD PERFORMANCE MEASUREMENT AND CONTRACTOR SELECTION USING A WEB-BASED SYSTEM

  • J. Johnson;V. Peansupap;S. Jayasena
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.259-268
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    • 2007
  • In a very competitive construction business environment there is a need to measure and manage business performance across a wider spectrum of business success criteria. The Balanced Scorecard (BSC) and Triple Bottom Line (TBL) reporting concepts are emerging as champions in the race for sustainable business success. The construction business organisations are often judged based on their financial performance as well as wider performance. This paper aims at developing a universally accepted tool for assessing contractors' wider business performance in the construction industry. A prototype of web-based business performance measurement system has been developed to help contractors assess their own performance aimed at uplifting their performance. The consultants/clients can also use the tool to measure contractors' performance in a value-based contractor selection. The system was developed based on the research conducted among 63 senior construction professionals and therefore further research with the participation of a large number of managers across different countries and also an upgrade of the system will be required.

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RESEARCH AND DEVELOPMENT OF PROGRAM MANAGEMENT SUPPORTING SYSTEM

  • Tetsuya Yamada;Shigehiko Tanabe
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.480-489
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    • 2007
  • Program management is a concept to deal with huge and complex business activities from social, economical, cultural and environmental points of view and increase their value for client and society. The aim of this study is to establish a framework of program management process and develop a supporting system for program management. In this paper we propose a framework and a proto type supporting system based on case studies and report the result of application to an urban redevelopment using partially implemented software.

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Performance Index Analysis of Schedule Introducing EVMS (EVMS를 도입한 공정의 성과지수 분석)

  • Kim Young;Lee Young-Dae;Kim Sung-Hwan;Kim Jung-ki
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.456-459
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    • 2002
  • It is lately issued studies on EVMS(Earned Value Management System) throughout construction industry, which is management system integrating cost and schedule effectively. So identifying importance and circumstance of introducing EVMS, CPI(Cost Performance Index) and SPI(Schedule Performance Index), which are critical components on schedule introducing EVMS, calculate and it intends to analyze the trend and problem of cost and time throughout project management, applying various statistical data analysis method.

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An Implementation Analysis of Design VE to Turn-key and Alternative Project (턴키 및 대안입찰사업의 설계VE 성과분석)

  • Kim, Ki-Han;Lee, Hyun-Suk;Lim, Hee-Dong;Kim, Byung-Soo
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.1011-1014
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    • 2007
  • Design VE system in order to promote the economical efficiency and the functional elevation of construction facilities apply to conatruction over 10 billion from december 2005. But it don't achieve purpose of VE original to maximization of value creation through VE because VE perform formal and result center. This study suggests some idea and analyse implementation of design VE through design VE case of turnkey and alternative project performed in domestic.

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Construction Cost-Down of Building Substructure by VE Techniques (VE 기법에 의한 건물 지하구조의 공사원가 절감방안)

  • Kim Sun-Kuk;Heo Seong-Soo;Choi Yoon-Ki
    • Korean Journal of Construction Engineering and Management
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    • v.6 no.1 s.23
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    • pp.125-132
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    • 2005
  • Domestic construction firms make every effort to save cost and, contrarily, enhance quality for competitive advantage in the market. Structural work of building construction takes chaise of the total cost and schedule, thus elaborate planning and management of the work help to lead the project into a successful way. Therefore, the idea to save time and cost and enhance constructability securing quality and safety of the work should be developed after analyzing the designed documents and site conditions comprehensively in the initial construction planning phase. Value Engineering (VE) technique is introduced in the substructural work in this paper to save cost creatively and systematically in the design and construction phase. A practical VE model that is applied to the underground building work systematically is proposed to save cost and it applies to the actual project to confirm the effectiveness of the model.

A Study on the Improvement for Design VE Job Plan through the Benchmarking (벤치마킹을 통한 설계VE 추진절차 개선에 관한 연구)

  • Um Ik-Jun;Jung Young-Il;Kim Chul-Woong;Hyun Chang-Teak
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.88-95
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    • 2001
  • To convert the construction industry from 'the high cost, the low efficiency' to 'the low cost, the high efficiency and value-added industry' and to enhance the performance and quality of products while reducing the cost, the related law and guideline were established and promulgated, which regulate that value engineering workshop during the preliminary design and the detail design stage should be a mandatory process. But VE practitioners are still confusing in choosing the proper value engineering process, because processes those are described in the various references use the different terms, steps and activities, even though they have their own specific characteristics. To resolve these confusions, the existing steps and activities of three kinds of the literature, four kinds of the organization's policy and other four kinds of study examples relating to the design VE were examined. And then, the differences and expecting problems were extracted through the comparison and analysis of those materials. After that, VE specialists' opinion through the questionnaire survey were grasped. Based on those studies the improved design VE Job Plan and activity statements were suggested.

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A System Dynamics Study of Enterprise Value $Creation{\sim}$ the Example of Taiwan's SMEs

  • Chung, Yi-Chan;Tsai, Chih-Hung;Tien, Shiaw-Wen;Lin, Yu-Hsin;Lin, Ja-Lin
    • International Journal of Quality Innovation
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    • v.7 no.1
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    • pp.128-160
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    • 2006
  • With the globalization of economy, industries are facing increasingly greater challenges. Business integration, both internally and externally, is undoubtedly an important topic. However, how does an enterprise create its own value will be the key to an enterprise's success in the future. Therefore, this study bases on the evaluation of company value to assess the key factors and competitive strategies of an enterprise. Yet, only with stable enterprise performance can the company value be correctly evaluated. This will be an important issue for enterprise performance and business strategy. Subject of this study are mainly small and medium-sized (enterprises (SMEs). Model construction for SME value assessment is established through the system dynamics approach. Scholars' opinions on literature validation and application of Delphi Method are explored through literature review on local and foreign studies, in order to compile the relevant perspectives and indices for enterprise value creation. Hence model construction of the value creation system is established, and the correlation between the perspectives and related factors is explored to understand the overall dynamics model of SMEs' value creation system. Consequently, a research method based on the system dynamics perspective is provided for the study of enterprise value creation is provided, as policy reference for improvement of decision-making and value creation.

A Research on Improvement Scheme for Management Technique of Public Ordering Service Results and Estimation (공공발주용역 실적 및 평가 관리 프로세스 개선에 대한 연구)

  • Lee, Kyu-Sung;Lee, Han-kyu;Kim, Nam-Gon
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2013.05a
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    • pp.238-239
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    • 2013
  • A system to efficiently utilize construction information has been in demand as a result of the changing society where information and knowledge leads to added value. Consequently, the government established a comprehensive information network system for construction industries to manage and utilize construction information which is the currently in use. However, this system is oriented toward management and business performance estimation for engineering and does not integrate a management system for design, construction technology, and construction engineering services. Therefore, this study proposes to develop object technology and management system of construction services and its evaluation to provide such information in real time.

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