• Title/Summary/Keyword: Evaluation of construction firm

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A Study of Introduction of CMMI on Design Process for Improving Collaboration (설계협업 프로세스의 개선을 위한 CMMI 도입 방안에 대한 연구)

  • Jun, Joon-Ki;Yi, June-Seong
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2008.11a
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    • pp.436-440
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    • 2008
  • Evaluating the work process of the organization is necessary to improve efficiency and make high quality of results. As size of construction projects are bigger, it is also applied to design firm. By applying efficient process, design team can reduce rework and waste. To make systematic process and keep a continuous progress, process evaluation is required. On this study, CMMI(Capability Maturity Model Integration) concept is benchmarked. Originally CMMI is suggested to evaluating capability of work process of Soft Ware developing organization by SEI(Software Engineering Institute). From CMMI system, direction of making evaluating method of design project performing team is drove. After worked out the evaluation method of capability maturity of process in design team, it could contribute making progress in the design process and satisfying client.

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Study on the Relationship and Validity of the Management Evaluation Factors in Public Firms With a Focus on the Port Authorities

  • Lee, Sung-Yhun;Ahn, Ki-Myung
    • Journal of Navigation and Port Research
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    • v.43 no.6
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    • pp.450-461
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    • 2019
  • According to the results of the management evaluation of the nation's public firms over the past seven years, the rating of the port corporation is generally insufficient. According to the results of the seven-year study 2011-2017, the average debt ratio of the port corporation was 34.5%, two to three times lower than that of the general public company, the operating profit ratio of sales was three times higher, and the value added per person was 1.6-1.9 times better. However, the aggregate score and grade were generally low, with 4.1% of the total number of employees of the general public corporation, 10% of the average total assets, and 1% of the average sales volume. The distributed analysis results and panel return analysis results show that the size significantly impacts the overall score and grade. Additionally, major business standards such as port volume, not controlled by the port corporation, appear to have a decisive influence on the low grade of the port corporation. Thus, it appears that improvement and supplementation of key business indicators of port construction are urgently needed in the management evaluation system, which can be properly controlled.

A Study on Model for Evaluating ERP Project from Customer and Consulting Firm Perspectives using AHP (AHP를 활용한 고객사와 컨설팅사의 ERP 프로젝트 평가모형 연구)

  • Jeong, Hee-Yeon;Lee, Jonh Hearn
    • Information Systems Review
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    • v.8 no.1
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    • pp.241-263
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    • 2006
  • Since 1995 many enterprises have introduced ERP to strengthen competitive power. However, enterprises that have introduced ERP for the first time have experienced various types of problems integrating them; to this day, there are only a few enterprises that have implemented ERP successfully. The main reason for the failures of successful ERP implementing is that enterprises frequently ignore and/or don't know how to systematically evaluate the construction process of ERP and busy finishing a phase without resolving problems before going on to the next phase. This research focused on the implementation process of ERP project to evaluate the process of ERP at each phase. As a result, we propose an evaluation model of ERP project as a tool to find critical problems at each phase and improve on how to resolve the problems found at each phase. This evaluation model makes it possible to introduce ERP successfully by presenting the basis of assessment which will be used by enterprises to minimize the trial and error of construction process of ERP.

An Empirical Study on the Investment Evaluation of Korean Global Companies Using a Real Option Valuation Model (우리나라 글로벌 기업의 실물옵션을 이용한 투자안 평가 실증연구)

  • Jeong, Eui-Jong
    • Plant Journal
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    • v.8 no.3
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    • pp.42-48
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    • 2012
  • Under traditional analysis of the capital budgeting, NPV, it is assumed that management cannot react to deviation from the expected scenario of cash flow at the time of evaluation. In practice, however, it is less likely that the expected scenario will come true when new information arrives and uncertainty is resolved. Uncertainty and risk can be influenced through 'managerial flexibility', which becomes a central instrument for value creation. Real option framework including option to defer, option for staged investment, option to alter, option to abandon, option to switch, etc. takes this managerial flexibility into account. Therefore, it is more appropriate to use real option method to evaluate the project than the traditional DCF(discounted cash flow) tool if the firm has high volatility of the expected returns.

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Policies and Tasks for Improving Korean CM Industry (CM 산업 발전을 위한 정책 및 과제 추진 방안)

  • Kang, Seunghee;Jung, Youngsoo;Kim, Namjoon;Shin, Dongwoo
    • Korean Journal of Construction Engineering and Management
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    • v.15 no.5
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    • pp.71-81
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    • 2014
  • As domestic construction investment has been gradually reduced, the issue of expanding overseas CM market has increased. Strengthening CM capability from the view point of project life-cycle is required in overseas CM market. However, current regulations institutionally force public CM services to focus on the construction phase. Therefore, Korean CM firms can hardly have the opportunities for accumulating technical competitiveness especially for pre-construction phase. Result of this study shows that the total efforts in terms of man-hours for the construction phase is found to be more than 78 percent in domestic public CM projects. In this context, this study proposes the policies and tasks for improving 'rigid man-hour placement', 'unreasonable CM fee standards', 'CM firm selection method', 'unreasonable business scope decision', and 'evaluation of owner's project management capability' in order to improve domestic CM Industry as well as to expand overseas CM market successfully.

A Study on Development of Construction Industry's Accounting Information System (건설 산업 회계정보시스템 구축 방안에 대한 연구)

  • Kang, Dong-Il;Yoon, Sung-Yong
    • Journal of Digital Convergence
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    • v.13 no.3
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    • pp.127-135
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    • 2015
  • This study has become a construction company will help you establish a Management Accounting System target model to move forward. Research method was to present the basic concepts and techniques used in managing complex accounting convergence look at the whole construction industry. For the successful deployment of a construction company management accounting system Responsibility Accounting System, Target Profit, Target Cost, and requires a key technique of Performance Evaluation, which the CEO's firm determination and persistence for support, proactive communication in the field and headquarters staff, the goal organizations and institutions to support the model, the standardization is required. This study is based on case studies in the future through the Delphi Method and AHP are needed.

An Understanding of Domestic Construction Clients' Tender Behavior (투찰률을 통한 국내 건설업체들의 입찰행태에 대한 이해)

  • Bae, Juhyeon;Han, SangUk;Kim, Byungi
    • Korean Journal of Construction Engineering and Management
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    • v.19 no.1
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    • pp.74-79
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    • 2018
  • The establishment of an effective bidding system is critical to ensure both the high quality of civil infrastructure and proper earning of contractors. However, the continuous changes of a bidding system in South Korea reveal that problems such as a dumping or high price winning have not been fully resolved yet. This study thus aims at understanding the bidding behavior and strategies of contractors by analyzing a tender ratio in historical data. Multiple regression analysis is conducted to understand the effect of internal and external factors (e.g., estimated cost, combined value of construction performance evaluation) on a tender ratio. The results statistically show that such factors affect the tender ratio an individual bidder determines and have the varying effect on the tender ratio by contractors' firm size.

Evaluation of Loss of Prestress Force of Tensile Anchor by Long Term Measurement (장기계측을 통한 인장형 앵커의 인장력 손실 평가)

  • Lee, Bongjik;Lee, Jongkyu
    • Journal of the Korean GEO-environmental Society
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    • v.16 no.10
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    • pp.15-22
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    • 2015
  • In this study, to evaluate the long-term behavior characteristics and the loss of prestress force, the long-term measurement of the tensile anchors in the actual construction was performed and the results were analyzed comparing with the existing estimation. As the reinforcement member used for the purpose of slope stability or uplift-resisting of the permanent structure, etc, the permanent anchor should maintain the functions during the performance period of the structure differently from the temporary anchor. However, as the time passes by, since the relaxation and the creep of the anchor occur constantly, the management for the loss of tensile force is essential to perform the functions stably. So far, the loss of the tensile force has been estimated according to the reduction of the prestress using elasticity theory and using the relaxation value according to the type of tension member and the test using the long-term measurement is limited. Therefore, in this study, the site condition and the ground were investigated for the tensile anchor in the actual construction and the long-term measurement results more than 500 days was analyzed by installing the loadcell, inclinometer and the groundwater level gauge. In addition, the long-term behavior characteristics were evaluated by comparing the disposition of the measured earth retaining wall and the tension force loss of the anchor with the existing interpretation results. In the evaluation results, the most of the tension force loss occurs within 90 days and the loss was measured less than the estimated values.

Evaluation of Practical Requirements for Automated Detailed Design Module of Interior Finishes in Architectural Building Information Model (건축 내부 마감부재의 BIM 기반 상세설계 자동화를 위한 실무적 요구사항 분석)

  • Hong, Sunghyun;Koo, Bonsang;Yu, Youngsu;Ha, Daemok;Won, Youngkwon
    • Korean Journal of Construction Engineering and Management
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    • v.23 no.5
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    • pp.87-97
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    • 2022
  • Although the use of BIM in architectural projects has increased, repetitive modeling tasks and frequent design errors remain as obstacles to the practical application of BIM. In particular, interior finishing elements include the most varied and detailed requirements, and thus requires improving its modelling efficiency and resolving potential design errors. Recently, visual programming-based modules has gained traction as a way to automate a series of repetitive modeling tasks. However, existing approaches do not adequately reflect the practical modeling needs and focus only on replacing siimple, repetitive tasks. This study developed and evaluated the performance of three modules for automatic detailing of walls, floors and ceilings. The three elements were selected by analyzing the man-hours and the number of errors that typically occur when detailing BIM models. The modules were then applied to automatically detail a sample commercial facility BIM model. Results showed that the implementations met the practical modeling requirements identified by actual modelers of an construction management firm.

The design of 111m high steel towers with 220kv double circuits crossing 12 km wide Bangladesh River (230KV 2회선승 111M 높이 철탑설계 (I) (강폭 12km인 Bangladesh Jamana강 횡단용))

  • 이재숙
    • Journal of the Korean Professional Engineers Association
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    • v.15 no.4
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    • pp.12-24
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    • 1982
  • East Parts of Bangladesh have been benifited by low cost energy generated by domestic natural gas but West parts where energy generated by imported fuel. Bangladesh Government authority has very much concerned to transmit the low cost electricity to the West from the East for past several years. To solve such concerns, cross-country 230kv double circuits Power transmission line was proposed, however there was a big obstacle for the realization of this line to cross the Jamuna river which has 12 km long width with a deep muddy river bed. A consultant engineering firm named Merz-Mclellan anyway finalized this plan and a world-wide bid was announced on June 31, 1979. Due to the expected difficulty to construct the towers on sea like area, only three construction groups have participated. including a Korean joint venture organization of Samsung-Korean Developement corporation-Kolon Electric Machinery company. After 3 months bid evaluation, contract was awarded to Korean Consosium and KEM Co was in charge of designing steel towers with anchor bolts and base plates beside to electrical engineering field. Then KEM Co have faced and over-comed many unenpected technical difficulties such as forced eccentricity joint on base plate, distorsion issue of 60mm thick plates welding, threading anchor bolts, tad heat treatment of some anchor bolts, disagreement from Consultant Engineer on multiplying factor of leg stresses for 45$^{\circ}$ wind and on reducing O.L.F for wind loads on cables for such 1220km long spans. After spending two years long period for designing and engineering towers, base plates, and anchor bolts, first shipment of tower was finally realized on Nov. 8, 1981 and on the other hand KDD has proceeded concrete caisson work on schedule at Jamuna river site and expected to complete tower erection and stringing of cables within this year of 1982 which was original completion target.

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