• Journal of Information Technology Services
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• v.13 no.4
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• pp.169-188
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• 2014

Recently the complexity and difficulty of the IT projects are increasing due to technological and environmental risks, resulting in the adoption of PMO(Project Management Office) onto IT project management practices, including public area projects. For example, the Korean government regulated the application of PMO onto large scale public IT projects. However, since there has been no reliable method to estimate the cost to execute PMOs, a PMO cost evaluation model to support the budget and cost planning of PMO projects is required. Thus, the purpose of this research is to develop a systematic cost evaluation model for PMO projects. We identified the dimensions that determine the PMO execution cost to be the scale of the subject project, the technical difficulty level of the subject project, and the tasks to be executed in the PMO project. Based on the determinants, the PMO execution cost model were developed from historical data and experts opinion. Upon verification, the validity of the developed model has high level of consistency compared with their experiences of real PMO project costs.

• Journal of the Korean Society for Aeronautical & Space Sciences
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• v.43 no.4
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• pp.334-340
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• 2015

Engine derating is often considered for reliability benefits because lower power operation reduces its failure probability. To be derated during operation, however, the engine must be initially overdesigned. The engine overdesign is cost effective only if reliability increased from derating is enough to offset the initial increase in the development cost caused from the overdesign. The purpose of this paper is to provide an analytical model to consider a trade-off between the engine overdesign and derating. We use a logistic regression model to explain reliability growth in the number of hot firing tests for a fixed power level. Using the Transcost model with the reliability growth model, we show that 10% overdesign of Titan rocket engine decreases its development cost by about 9% and 23% depending on the reliability requirement. We also point out that such a cost reduction depends on the fuel type a rocket uses.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2008.11a
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• pp.212-215
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• 2008

When managers predict exact construction cost at early stage and design phase, they can reduce construction cost in a more efficient way than to predict at construction stage. But present of public construction cost estimation and management almost after the construction documents design phase. Therefore, construction cost management in the early stage and schematic design phase to generally use approximate estimating is not correct. Accordingly, this study analyze problem of current cost estimating method and a concrete cost plans make using case information of actual cost to analyze in schematic design phase. Possible to check going on the suitable design, this study conducts the preliminary research for the development of cost estimating model.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2021.05a
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• pp.93-94
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• 2021

The Korean government has invested a tremendous amount of money in the last 10 years to build large public research infrastructures (LPRI). For efficient operation and maintenance of LPRI built with expensive equipment and professional engineers, reasonable budget needs to be allocated. However, it is difficult to fulfill sustainable operation and maintenance (O&M) because there is no standard on budgeting for efficient LPRI operation, including expensive equipment and manpower allocation. There have been a lot of cost assessment studies regarding O&M of high-demand facilities such as hospitals, hotels and residential buildings, but a very few on sustainable O&M of LPRI. Therefore, mid/long-term budget establishment plans for efficient LPRI O&M are required from the initial planning stage and a cost assessment model to support the plans should be developed. The objective of this paper is to propose a cost assessment model for sustainable operation and maintenance of large public research infrastructures. To do so, actual O&M data of 6 LPRI types in operation are collected, and regression analysis model (RAM) is used for development and evaluation a cost assessment model. The study result will support sustainable operation of LPRI from a business perspective and be used as basic data for continuous development of cost assessment models to establish budgets for LPRI operation from an academic perspective.

• The KIPS Transactions:PartD
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• v.12D no.5 s.101
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• pp.737-744
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• 2005

As the portion of software cost in construction of the system related to the national defence is getting higher, the required accuracy of cost estimation on defense software in development is also getting higher. The PRICE S is used to estimate the software cost at the first stage in the development of software promptly. However, the PRICE S is appropriate for the American environment not for the Korean circumstances. Thus, we will present a method to compensate the PRICE S with comparing with the model of Korea Software Industry Association. Moreover, we also present another method to estimate software cost based on function point with backfiring approach, which will be used for the software projects planned. Finally, we expect that our works will provide a solution for applying the function point in the future and will increase the accuracy of cost estimation in software development.

• The Journal of Korea Institute of Information, Electronics, and Communication Technology
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• v.12 no.3
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• pp.211-217
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• 2019

In this study, we compare and analyze the attributes of the software development cost model according to the shape parameters change of the Type-2 Gumbel lifetime distribution using the NHPP model. In order to analyze the software failure phenomena, the parametric estimation is applied to the maximum likelihood estimation method, and the nonlinear equations are calculated using the bisection method. As a result, when the attributes of the cost curves according to the change of shape parameters are compared, it is found that the larger the number of shape parameters, the lower the software development cost and the faster the release time. Through this study, it is expected that it will be helpful for the software developers to search for the development cost according to the software shape parameters change, and also to provide the necessary information for the attributes of the software development cost.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2008.11a
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• pp.159-165
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• 2008

For deciding the profitability and feasibility of the construction project, the schematic estimation has to not only link the design decision-making but also estimate the cost with reliability. The Object-based schematic estimation system was developed for easily linking with design-making and supports to evaluate the design alternatives in the design development stage but didn't consider the cost estimated by object supplementary and parameter work item. This research presents the Integrated Object-Parameter Schematic Estimation Model in the design development stage that can lead to more accurately estimate the cost through analyzing historical data from the high-storied office buildings. For the development of the proposed model for schematic estimation, after analyzing and classifying the work items from the Bills of Quantities(BOQs) and drawings of historical data, this research proposed the methods of estimating cost in accordance with attributes of each work item using regression analysis. In addition, a case study is performed for the effectiveness as comparing the proposed model with the previous estimating model.

• Journal of Aerospace System Engineering
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• v.9 no.2
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• pp.41-46
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• 2015

The various risk factors that affected schedule, costs and mission success, etc. in development of the satellite. This paper derives the considerable "Cost of Quality" factors in the satellite development phase through the survey of practical techniques in respect of measurement of quality cost in the commercial products manufacturing, and proposes mitigation strategy of quality cost using the approach that can be minimized it.

• Smart Media Journal
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• v.11 no.7
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• pp.19-27
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• 2022

The artificial intelligence software market is expected to grow sixfold from 2020 to 2025. However, the software development process is not standardized and there is no standard for calculating the cost. Accordingly, each AI software development company calculates the input man-hours according to their respective development procedures and presents this as the basis for the development cost. In this study, the development stage of "artificial intelligence-based software" that learns with a large amount of data and derives and applies an algorithm was defined, and the required labor was collected by conducting a survey on the number of man-hours required for each development stage targeting developers. Correlation analysis and regression analysis were performed between the collected man-hours for each development stage, and a model for predicting the man-hours for each development stage was derived. As a result of testing the model, it showed an accuracy of 92% compared to the collected airborne effort. The man-hour prediction model proposed in this study is expected to be a tool that can be used simply for estimating man-hours and costs.

• Magazine of the Korean Society of Agricultural Engineers
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• v.40 no.2
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• pp.69-80
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• 1998

The optimal reservoir storage capacity is needed to be determined at the stage of reservoir planning. The reservoir storage capacity should be based on water balance between demand and supply, and meet the water deficity during the growing season. However, the optimal reservoir storage capacity should be determined considering benefit-cost analysis for the project. In this study, Two models are developed. The one is the RSOM(Reservoir Storage Optimization Model), that is consisted by three submodels, MROPER (Modified Reservoir OPERation model), RESICO(REservoir SIze and the construction COst computation) model. And the other is the BECA(BEnefit-Cost Anaysis) model. For model application, three districts, Chungha, Ipsil and Edong were selected. The relative difference of B/C ratio between project planning data and estimation by RSOM is 17.9, 15.0 and 7.3% respectively, which may be applicable for water resources development feasibility planning.