• International conference on construction engineering and project management
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• 2005.10a
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• pp.569-574
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• 2005

This paper presents the core technology of Construction Business Process Automation to model and automate construction business processes. Business Process Reengineering (BPR) and Automation (BPA) have been recognized as one of the important aspects in construction business management. However, BPR requires a lot of efforts to identify, document, implement, execute, maintain, and keep track thousands of business processes to deliver a project. Moreover, existing BPA technologies used in existing Enterprise Resource Planning (ERP) systems do not lend themselves to effective scalability for construction business process management. Application of Workflow and Object Technologies would be quite effective in implementing a scalable enterprise application for construction community. This paper present the technologies and methodologies for automating construction business processes by addressing how: 1) Automated construction management tasks are developed as software components, 2) The process modeling is facilitated by dragging-and dropping task components in a network, 3) Raising business requests and instantiating corresponding process instances are delivered, and 4) Business process instances are executed by using workflow technology based on real-time simulation engine. This paper presents how the construction business process automation is achieved by using equipment reservation and cancellation processes simplified intentionally.

• Journal of the Korea Institute of Building Construction
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• v.14 no.5
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• pp.459-465
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• 2014

This study is to suggest specialty contractors with countermeasures to construction orders falling off, one of the construction business indicators for the construction industry, by analyzing the impact of dwindling construction orders to business performance indicators of specialty contractors as well as identifying inter-relationships between those performance indicators. To do this study, a data was analyze for construction business indicators and business performance indicators of specialty contractors providing heavy equipment. For specialty contractors that provide and utilize heavy equipment, the amount of construction orders is imposing a lasting impact to the turnover ratio of current assets. Therefore, it is determined that a business strategy needs to be established in order to secure current assets to respond to decrease in construction orders.

• International conference on construction engineering and project management
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• 2015.10a
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• pp.217-220
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• 2015

Because of the recession of the Korean construction market, many construction companies are expediting overseas business. Despite the rapid growth of international markets, the polarization of profit with SMCCs (Small and Medium Construction Companies) and large construction companies in the international construction market has become more serious. This problem causes competition to provide the lowest prices, which makes the future of overseas business for the SMCCs uncertain. Thus, the SMCCs require a reasonable capability evaluation system for overseas business. However, the existing evaluation methods focus on large construction companies. To address this problem, this study proposes a system to evaluate the overseas business capabilities. The 27 indicators to evaluate the overseas business capabilities are derived from a literature review and are verified through expert interviews. The indicators are classified into 4 large categories, and a questionnaire-based survey of 50 Korean SMCCs is conducted to analyze the correlation between overseas business capability and the indicators. The system expects to provide the effect of the indicators on the overseas business capability and the chance to evaluate the capability for overseas business.

• Korean Journal of Construction Engineering and Management
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• v.15 no.4
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• pp.107-118
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• 2014

Electrical Construction industry uses Construction industry's statistical data for business outlook. Because there are not electrical construction business view's statistical data. It has own unique characteristic which is different from construction industry. So it must have a electrical construction Business Index. This study was focused on developing the business index of electrical construction business. Electrical construction business index consists of electrical construction composite Index(ECI) and the electrical construction business survey index(EBSI). This study experimentally analyzes the business views of electrical construction industry in 2/4 quarter of 2014. The leading Index of ECI indicates -0.4% compared with 1/4 quarter of 2014, coincidence index also shows that electrical construction industry's business cycle is in an economic downturn. EBSI is 83.5 in 2/4 quarter of 2014, down from 95.2 in 1/4 quarter of 2014. It means that electrical construction company has a pessimistic prediction. As a result we know that the Business Index of Electrical Construction Business shows similar results. It is expected to make contribution for electrical contractors to establish management strategies and prepare responses to economic changes by providing information about economic trends of electrical construction business and forecasting future economy.

• International conference on construction engineering and project management
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• 2015.10a
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• pp.472-476
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• 2015

The purpose of this study is to fully understand the present state of the domestic construction companies, and to analyze phased business types and construction management techniques in order to initiate overseas expansion. Because of the recession in the domestic construction market, a thorough and strategic perspective to constantly develop inroads into overseas market is required. So we carried out a questionnaire survey targeting the experts of the overseas construction and researcher, and consulted them in depth. The questionnaire survey was divided into three sections. The first section is the necessity of overseas construction and the reason. The second is the overseas business types classified into the way of advance in short-term and long-term phase possibility of expansion. Lastly, the importance of the phased construction management techniques and the current capacity of the domestic and the foreign business trends were scrutinized. On the basis of the consultation and surveys, we analyzed the overseas business types and the construction management types in the short-term and long-term phase.

• The Journal of Society for e-Business Studies
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• v.6 no.3
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• pp.163-180
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• 2001

New information technology contributes to raising of business productivity in many construction companies. The application of construction integrated management system is expected to save the time of decision-making in business management and shorten the closing account schedule. Construction Integrated Management System based on ERP(Enterprise Resource Planning) system allows to control core business procedure by monitoring technique on real-time. In this paper, we achieves 10％ raise up business productivity in site business area, and 30％ raise up business productivity in head of nce business area by means of DW-CIMS (Daewoo Construction Integrated Management System)

• Proceedings of the CALSEC Conference
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• 2001.08a
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• pp.127-140
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• 2001

New Information Technology Contributes to raising of Business Productivity in many Construction Companies. The Application of Construction Integrated Management System is Expected to Save the time of decision-making in Business Management and shorten the Closing Account Schedule. Construction Integrated Management System Based on ERP(Enterprise Resource Planning) System allows to Control core Business Procedure by Monitoring Technique on Real-time. In This Paper, We achieves 10% Raise up Business Productivity in Site Business Area, and 30% Raise up Business Productivity in Head Office Business Area by means of DW-CIMS (DAEWOO Construction Integrated Management System)

• Proceedings of the Korean Institute of Building Construction Conference
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• 2015.11a
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• pp.192-193
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• 2015

Construction Cycle Trend Survey, which survey total value of orders and realized amounts monthly, is a valuable statistics that used to quick grasp or forecast the trend of domestic construction business. In recent periodical survey quality diagnoses, few professional users named a problem that Construction Cycle Trend Survey could not get together with the current state of the construction industry. This study examined weather Construction Cycle Trend Survey reflects the economic sentiment of construction business or not. Paired t test was performed between Construction Cycle Trend Survey and Construction Business Survey Index (CBSI), and significant differences were verified.

• The Journal of Asian Finance, Economics and Business
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• v.9 no.9
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• pp.49-59
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• 2022

Based on assessing the impact of factors on the business efficiency of construction enterprises, the research team proposes policy implications to improve the business performance of listed construction enterprises in Vietnam in the coming time. The study used secondary data collected from the audited financial statements of 25 enterprises listed on Vietnam's stock market in the period 2015-2021 to estimate the factors affecting the business performance of construction enterprises. After collecting, the data will be encrypted and checked. The article uses a quantitative research method by using a linear regression model on Eviews 10 to analyze the data and analyze the impact of factors on the business performance of construction enterprises listed on Vietnam's stock market. The research result shows that firm size and growth rate positively affect business performance while capital structure, receivable management, fixed asset investment, and economic growth have a positive impact on the business performance of construction companies listed on the Vietnamese stock market. Based on this result, the paper also makes recommendations to the Vietnamese construction companies to enhance their business performance.

• 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.