• Title/Summary/Keyword: Integrated cost and schedule

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Earned Value Management Systems Using 4D-CAD (4D CAD 활용을 통한 공정-원가 통합 시스템)

  • Park Ji-Ho;Jung Young-Soo;Kim Sung-Mo
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.504-508
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    • 2003
  • Cost and schedule are the major concerns for the successful construction project management. The four dimensional CAD (4D CAD) integrating graphical data and scheduling data has also been an area of research interests for improving construction controls. In order to achieve the benefits from these areas in an integrated way, this study proposes a 4D-EVMS system for the owners. Managerial requirements for cost and schedule control for the owners are identified first. A 4D-EVMS model is then proposed which provides functional flexibility in order to enhance the efficiency of the system. Lessons learned and practical implications are briefly summarize.

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Concept and Structure of Parametric Object Breakdown Structure (OBS) for Practical BIM (BIM 객체분류체계 (OBS) 개념 및 구조)

  • Jung, Youngsoo;Kim, Yesol;Kim, Min;Ju, Taehwan
    • Korean Journal of Construction Engineering and Management
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    • v.14 no.3
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    • pp.88-96
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    • 2013
  • Recent proliferation of building information modeling (BIM) has actively stimulated integrated utilization of geometric (graphic) and non-geometric (non-graphic) data. Nevertheless, physically and logically, linking and maintaining these two different types of data in an integrated manner requires enormous overhead efforts for practical implementation. In order to address this problem, this paper proposes a concept and structure of the object breakdown structure (OBS) that facilitates advanced BIM implementations in an automated and effective manner. Proposed OBS numbering system has secure rules for organizing graphic objects in full considerations of effectively integrating with non-geometric data (e.g. cost and schedule). It also removes repetitive linking process caused by design changes or modifications. The result of applying this concept to a housing project revealed that only 120 definitions controled over 6,000 graphic objects for full integration with cost and schedule functions.

An Integrated Cost and Schedule Control Process Model Using Earned Value Management System (EVMS를 활용한 공정-공사비 통합관리 프로세스모델)

  • Baek Seung-ho;Kim kyung-rai;Lee Yu-Seb;Lee yong-gyu
    • Korean Journal of Construction Engineering and Management
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    • v.1 no.2 s.2
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    • pp.89-97
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    • 2000
  • This research has been Initiated to provide an effective management tool for budget control of the public projects using EVMS. Barriers to implementing the tool for the domestic public projects are identified : no PMB (Performance Measurement Baseline) for budget control, management by BOQ(bill of quantity), no systematic planning and control. To eliminate these barriers, an integrated cost and schedule management process model using EVMS is proposed. This model is composed of six sub processes : organizing, scheduling, budget allocating, establishing PMB, managerial analysis, change incorporation.

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An Integrated Inventory Model for Two-Product Single-Facility System

  • Choi, Sung-Bin;Moon, Dug-Hee
    • Journal of Korean Institute of Industrial Engineers
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    • v.12 no.1
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    • pp.31-41
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    • 1986
  • In this paper, an integrated production inventory model is developed for two products on a single facility in which the raw materials are fed to the production system as required at the facility. The aim is to determine simultaneously the optimal production schedule for two products and the optimal procurement policies for the raw materials in a way that minimizes the total variable cost of the production system. The production schedule for the more frequently set-up product is formulated by the method of equal or unequal lot sizes. For the model developed, we present a computational scheme of finding the optimal policies and carry out sensitivity analysis through example problem.

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Practical Issues of Earned Value Management Systems (EVMS) for Nuclear Power Plant (NPP) Construction

  • Jung, Youngsoo;Kim, Sungrae;Moon, Byeong-Suk
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.696-697
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    • 2015
  • Cost, schedule, and quality are the three major performance indicators for any construction project. Under the globalized competition in the nuclear industry, researchers and practitioners have also explored a systemized and integrated management system for cost, schedule, and quality. In order to address this issue, the concept of earned value management system (EVMS) has been often utilized. However, implementing EVMS for a mega-project of nuclear power plant (NPP) construction requires extensive overhead efforts. Though previous studies proposed structures and methods for effective NPP EVMS, there has been no legitimate study for data collection strategy for practical implementation. In this context, the purpose of this paper is to develop an effective data collection strategy for NPP EVMS. Firstly, the barriers to practical NPP EVMS were identified based on literature review and expert interviews. Strategies for data collection were then developed based on different phases of project life cycle. This study focuses on the 'life-cycle integrated progress management system' for NPP construction from an owner's perspective Therefore, results of this study can be used as a guide for preparing request for proposals (RFP) of an NPP owner organization.

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Scenario Planning and Risk Failure Mode Effect and Analysis (RFMEA) based Management

  • Paul, Virendra Kumar;Basu, Chaitali
    • Journal of Construction Engineering and Project Management
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    • v.6 no.2
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    • pp.24-29
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    • 2016
  • This paper elaborates the significance of scenario planning in risk management, and presents an integrated approach which takes into account the 'Risk Events' derived from scenario planning for risk prioritisation. This research integrates scenario planning with Risk Failure Mode and Effect Analysis (RFMEA) through examples from construction litigations of project schedule and cost overrun cases as a simplified approach to project risk management. The proposed methodology incorporates scenarios developed from realistic events of dispute and arbitration cases from construction projects, and thereby increasing potential to foresee risks and their effects well in advance. The results from this methodology shall be validated against outcome of survey study conducted by KPMG-PMI (2013) on project schedule and cost overruns that was based on Ministry of Statistics and Programme Implementation (MoSPI) Project Monitoring data for 2012-13.

A Risk Performance Measurement System for the Mega-Project

  • Kim, Seon-Gyoo
    • Architectural research
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    • v.12 no.1
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    • pp.57-64
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    • 2010
  • In recent years, interests and studies on the urban regeneration projects have been increased and largely conducted. It is a part of the effort that solves some social and economical problems occurred by deteriorated buildings and degraded infrastructures through new urban regeneration projects or redevelopment projects. However, the urban regeneration projects show the characteristics that can not guarantee in the project performance because the projects have various and complex stakeholders related to these projects and are exposed to lots of risks due to its huge scale. This study proposed the risk performance index method to improve the efficiency of the overall performance measurement for a mega-project by extending from the traditional cost/schedule based performance measurement system. The risk performance index method proposed in this study has a similar system to the EVMS, and makes possible to perform a three dimensional integrated performance measurement in cost/schedule/risk through 18 different indexes that compose the risk performance index.

A Risk Performance Measurement System for the Construction Project

  • Seon Gyoo Kim;Jin Bong Kim;Moon Serk Young;Bong Cheol Jeon;Han Kim;Young Jeong Yu
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1591-1598
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    • 2009
  • Recently, the researches on the urban regeneration projects have been performed very actively. It is a part of the effort that solves some social and economical problems occurred by deteriorated buildings and degraded infrastructures through new urban regeneration projects or redevelopment projects. However, the urban regeneration projects show the characteristics that can not guarantee in the project performance because the projects have various and complex stakeholders related to these projects and are exposed to lots of risks due to its huge scale. This study proposed the risk performance index method to improve the efficiency of the overall performance measurement for a mega-project by extending from the traditional cost/schedule based performance measurement system. The risk performance index method proposed in this study has a similar system to the EVMS, and makes possible to perform a three dimensional integrated performance measurement in cost/schedule/risk through 18 different indexes that compose the risk performance index.

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Development of Integrated Cost and Schedule Management System using Work Package Concept for Efficient Project Management (Work package 개념을 활용한 현장의 공정관리와 공사비 통합관리 효율화 방안)

  • Kim, Yongpyo;Lee, Yongjun;Lee, Minjae
    • Korean Journal of Construction Engineering and Management
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    • v.18 no.5
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    • pp.32-40
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    • 2017
  • Korean construction industry is facing downtime mood and need more productivity. In order to successfully accomplish the construction project with more productivity, systematic and reasonable schedule management techniques should be developed and utilized. Therefore, in this study, first, a current status of the schedule management in the construction site is identified and the improvements in the schedule management are suggested. And, the effective schedule management technique in the construction site is proposed based on the in-site experience of the researcher. In order to find solutions, survey questionnaires designed to measure the understanding of process management and measure perception of the importance of schedule management. Total twenty nine field engineers who are performing schedule management of construction project at domestic civil engineering construction site were participated in the survey, and In-depth interviews were conducted. Eleven construction sites are inspected. Finally, a simple and effective schedule management technique including from WSB classification to schedule analysis, performance management, and performance improvement is proposed based on the inspection of current status of schedule management in civil engineering construction site.

A multi-objective decision making model based on TLBO for the time - cost trade-off problems

  • Eirgash, Mohammad A.;Togan, Vedat;Dede, Tayfun
    • Structural Engineering and Mechanics
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    • v.71 no.2
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    • pp.139-151
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    • 2019
  • In a project schedule, it is possible to reduce the time required to complete a project by allocating extra resources for critical activities. However, accelerating a project causes additional expense. This issue is addressed by finding optimal set of time-cost alternatives and is known as the time-cost trade-off problem in the literature. The aim of this study is to identify the optimal set of time-cost alternatives using a multiobjective teaching-learning-based optimization (TLBO) algorithm integrated with the non-dominated sorting concept and is applied to successfully optimize the projects ranging from a small to medium large projects. Numerical simulations indicate that the utilized model searches and identifies optimal / near optimal trade-offs between project time and cost in construction engineering and management. Therefore, it is concluded that the developed TLBO-based multiobjective approach offers satisfactorily solutions for time-cost trade-off optimization problems.