• Land and Housing Review
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• v.14 no.4
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• pp.39-46
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• 2023

This study explores the interrelationship between 'KRX Construction' and 'Business Survey Index'. KRX Construction is a leading economic indicator of construction industry, implying the potential interdependence with BSI Construction. Previous papers have investigated the relationship between the released stock price index and BSI. Using Granger causality tests, this study investigates how the BSI Construction is associated with the trend and noise-trading components of KRX Construction, respectively. The decomposition of KRX Construction of trend and noise-trading is based on the state-space model. The results document unilateral Granger causalities from released KRX Construction, trend component, noise-trading component to BSI Construction. In sum, this study demonstrates that construction company CEOs view stock price index as a leading economic indicator.

• KSCE Journal of Civil and Environmental Engineering Research
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• v.34 no.3
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• pp.977-987
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• 2014

Since 1960's, international construction market have explosively increase and have reached up to 600 Bil. US$ through active participation of construction firms and steady support of government. Nevertheless, owners, clients and financial institutions required reasonable criteria to effectively assess the overseas business capabilities of construction firms. However, the existing methods for construction firms rarely considers the perspective of overseas business capabilities. To overcome these problems, this study proposes an evaluation system for overseas business capabilities of construction firms. First, the needs for new evaluation system is derived through FGI, and the direction of new evaluation system is presented by reviewing the limitations of existing methods. Also, the capabilities that are required for the performances for overseas businesses were analyzed through expert interviews. Finally, 31 primary evaluation indices consisting of 3 criteria - appropriateness of index, possibility of quantification, possibility of data gathering - are derived under 9 categories and 3 perspectives through surveys and consultation meeting. The preliminary investigation of 24 Korean construction firms are conducted for comparing the existing evaluation systems and to verify its applicability. The proposed method could provide a rational criterion to evaluate the construction firms, improve internal capacity of firms, and ultimately supports the success of the construction industry.

• Korean Journal of Construction Engineering and Management
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• v.13 no.6
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• pp.84-93
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• 2012

The information generated from large and complex construction projects transfer and evolve in long-term business cycle. Therefore, while there is any problem, such as delay, the cause of the problem might relate to the previous business process rather than where it arises. However, for complex project players and business relationships, it is unsuitable to search an information flow using traditional retrieval methods. This research addresses a relationship-based information search system to analyze the information flow in large-scale and complex construction projects. First, we identified the components of the information retrieval system customizing for a large-scale complex construction projects, and then developed the inference algorithm which define the relationship between business processes. For the validation, we applied the system on a business information system of urban regeneration projects and suggested some application using information flow retrieval system for project players and project managers. Using the system, players are easy to prepare for their work process and managers can define the causal flow of the problem.

• Korean Journal of Construction Engineering and Management
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• v.20 no.5
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• pp.72-82
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• 2019

The purpose of this study is to find out how any organizational response or dispute-related consulting has a significant impact on management performance before or during a dispute over a construction subcontract dispute. In this study, multiple regression models were used to analyze the impact on consulting performance. According to the result of the analysis, the positive effects on the overall external consulting effect is influenced by five variables such as financial values, increase of the number of disputes, construction of response system by contents, construction of response system in each period, dispute response external response system. The original business operators were also more likely to be affected by internal activities of conflict response companies and the extent to which external response systems were established. This means that the supply and demand service provider's business environment is relatively poor, forcing it to be lower than the internal and external activities and influences of the original business operators of the conglomerates.

• Journal of the Korea Institute of Building Construction
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• v.19 no.4
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• pp.373-382
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• 2019

In order to reduce the accident rate of construction in South Korea, governments and its affiliates have been tried to establish a safety culture, however they reached the limit. In addition, researchers recently have conducted regarding the safety climate and concluded that safety climate effect on the safety performance. Although organizational culture and enterprise types are different based on business size, they generalized the level of safety climate with a group only. Therefore, in order to solve this issue, the objective of this study is to analyze the safety climate level of construction company depending on business size in South Korea. In addition, the improvements are suggested on the level of safety climate after problems are drawn from considering organizational culture, enterprise type and construction industry in South Korea. In the future, this study will be used as a baseline for the effects of the safety climate on the safety performance in construction site based on business size.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2014.05a
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• pp.18-19
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• 2014

As issued the development of energy resources, EPC work process through the IT technology is essential for efficient business management, and systematic management of data generated in this process is needed. In domestic, the research related to system development for the collection and management of construction data detected in the field has been done continuously, but pipeline business target the long-distance in extreme cold weather, almost no cases have been studied up to now. Therefore, this research is aimed to derive the data item for efficient management in EPC Stage of pipeline business in extreme cold weather. WBS system of EPC work are classified easily at two levels, data items can be divided based on the type of document. In the future I will be expected to be the foundation of the systematic management of data generated in the EPC step-by-step of pipeline business.

• Korean Journal of Construction Engineering and Management
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• v.7 no.1 s.29
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• pp.64-72
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• 2006

The participants of steel works should exchange a variety of information with others through documents. However construction steel works in the multistage contract system has a difficulty in exchanging information through the documents promptly. So if the trouble as change orders arise, conducting steel works will take much time, and the participants may not discuss the trouble sufficiently. Consequently this study improved the current business process of steel works. And this developed business support system(XCOS) based on XML so that participants of steel works achieve a successful management of steel works through conducting business rapidly and correctly.

• 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.

• Korean Journal of Construction Engineering and Management
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• v.12 no.5
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• pp.81-92
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• 2011

Recently, the MLTM (Ministry of Land, Transport and Maritime Affairs) has announced CM business guidelines, because it is expected that the CM deliveries are going to be increased for a civil engineering industry with enforcement of the CM at Risk. In this trend, The CM business guideline, which is currently announced, is for the steps after the CM contract. However, the practical business guideline from a planning phase for the CM delivery to a selection phase of a CMr (Construction Manager) is essential for public construction projects including the civil engineering projects that the frequency of the CM deliveries is not sufficient. Therefore, this study established a standardized process model from the planning phase for the CM delivery to the selection phase of the CMr. study configured a business breakdown structure for CM delivery. A prototype system for supporting the CM delivery was also developed, and a practical operability was verified by a case evaluation based on the developed system. Hence, it is expected that this study will be utilized as a supporting system of the CM delivery business for public clients, which have not sufficient cases of the CM delivery.

• Korean Journal of Construction Engineering and Management
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• v.9 no.5
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• pp.149-158
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• 2008

Plant construction is being a motive power of national economic growth, because it is a higher value-added business which has enormous influence through other industry. But, plant projects management of the domestic company was poor. So, the development of EPC Business Process Management method has been encouraged. Therefore, this paper performed several researches for setting up the EPC Business Process Management Model for improving plant project management. And the details are as follows. First of all, this study collected the work procedure manuals of 12 large-sized international construction companies. Secondly, from the analyzing gathered EPC work procedure manuals, issues of work procedure manuals were analyzed and improvement plans were drawn out. Basis on this, This study presents a method to improve project management for EPC plant project. 'The Work Procedure Matrix for EPC Management' and 'Key Unit Works for EPC Management' were drawn out by using overseas construction management theories and international regulations. In addition, 'The EPC Business Process Management Models' reformed to the Business process method, that is the set of specifications, documents and procedures used to manage the EPC plant project. And it describes how the EPC work procedure manuals will be used. Finally, this study suggests the model of EPC Business Process Management System. The framework of Plant project management can be clarified by using 'The Work Procedure Matrix'. And 'Key Unit Works' are used to organize the work procedure needed to improve plant projects management. The results of this study will help to improve in project management efficiency for plant construction.