• Title/Summary/Keyword: International Construction

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A Decision Support System for Small & Medium Construction Companies (SMCCs) at the early stages of international projects

  • Park, Chan Young;Jang, Woosik;Hwang, Geunouk;Lee, Kang-Wook;Han, Seung Heon
    • 국제학술발표논문집
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    • The 6th International Conference on Construction Engineering and Project Management
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    • pp.213-216
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    • 2015
  • Despite the significant increase of Korean contractors in the international construction market, many SMCCs (Small & Medium Construction Companies) have suffered in the global financial crisis, and some of them have been kicked out of the international market after experiencing huge losses on projects. SMCCs face obstacles in the international market, such as an insufficient ability to gather information and inappropriate management of associated risks, which lead to difficulties in establishing effective business strategies. In other words, making immature decisions without an effective business strategy may cause not only the failure of one project but also the bankruptcy of the SMCC. To overcome this, the research presented herein aims to propose a decision support system for SMCCs, which would screen projects and make a go/no-go decision at the early stages of international projects. The proposed system comprises a double axis: (1) a profit prediction model, which evaluates 10 project properties using an objective methodology based on a historical project performance database and roughly suggests expected profit rate, and (2) a feasibility assessment model, which evaluates 17 project environment factors in a subjective and quantitative methodology based on experience and supervision. Finally, a web-based system is established to enhance the practical usability, which is expected to be a good reference for inexperienced SMCCs to make proper decisions and establish effective business strategies.

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독도해양과학기지 건설 관련 법적 쟁점에 관한 고찰 (Legal Issues Relating to Construction of the Dokdo Ocean Research Station)

  • 이용희
    • Ocean and Polar Research
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    • 제32권4호
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    • pp.427-437
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    • 2010
  • The Korean Government is trying to construct an ocean research station in Dokdo's water. The station would be the third ocean research station following the Ieodo station and the Gageocho station. Although the new station would served as a scientific research base for peaceful and academic purposes, the construction of the station will almost certainly lead to a diplomatic dispute between Japan and Korea in the near future due to the disputed ownership of the island. In light of the diplomatic protests against the construction of the Ieodo station by the Chinese Government, various domestic and international legal issues which could be raised regarding the construction of the Dokdo station need to be reviewed. Therefore, this article reviews the international legal status of the station and the rights and duties pertaining to its construction, investigates the domestic legal grounds relating to the construction and operation of the marine scientific installation, evaluates the international legal impacts of the construction on the expansion of maritime jurisdiction, the effective control on Dokdo and the negotiations on maritime boundary delimitation, and finally draws conclusions on the future activities of the Korean Government for the construction and operation of the Dokdo Ocean Research Station.

해외건설공사의 리스크 분석에 기초한 수익성 예측모델에 관한 연구 (Risk-based Profit Prediction Model for International Construction Projects)

  • 한승헌;김두연
    • 대한토목학회논문집
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    • 제26권4D호
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    • pp.635-647
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    • 2006
  • 한국기업의 해외건설공사 진출은 1960년대 이후 45년간 약4,900여건, 총 1,933억불 이상의 실적을 거두어 오면서, 고용증대와 국제수지 개선 등 경제발전에 지대한 공헌을 해왔다. 그러나 해외건설 프로젝트는 정치, 경제, 사회, 문화 등 다양하고 복잡한 리스크에 노출되어 있어 국내 건설사업에 비해 수익성이 악화될 수 있는 가능성이 매우 높은 특성을 갖고 있다. 또한 소수의 악성 프로젝트에 의해서 전체 기업의 재무구조를 악화시키는 사태가 빈번히 발생하고 있는 국내 기업의 현실에서, 해외공사의 계획이나 수주 시에 양질의 프로젝트를 선별하고 그에 따라 미리 대상 프로젝트의 특성을 파악하여, 적정한 관리요소 및 전략을 수립하는 것은 매우 중요한 요소라고 할 수 있다. 따라서 본 연구는 해외건설공사 수익성에 영향을 미치는 인자를 도출하고 이러한 영향인자와 수익성간의 인과관계를 분석하여, 향후 프로젝트의 계획 및 수주 시 해당 프로젝트의 수익성을 미리 가늠해볼 수 있는 예측모델을 도출하고자 한다. 이를 위해 본 연구에서는 문헌조사 및 전문가 자문을 통해 64개의 해외건설공사 수익성 영향 리스크인자를 도출하였으며, 실제 사례에 기반한 자료수집 및 통계분석을 통해 수익성 영향인자와 해외공사 수익성 성과간의 인과관계를 규명하였다. 또한 도출된 예측모델의 검증을 위해, 추가적인 15개 프로젝트에 적용하여 예측모델의 정확성을 검증하였으며, 웹 기반의 프로그램으로 예측모델을 구축하여 활용을 위한 기반을 조성하였다. 이러한 수익성 예측모델의 활용을 통해서 국내 건설업체들은 해외건설공사 진출 시 해당 프로젝트의 타당성을 사전에 확인하여 양질의 프로젝트를 선별함으로써 해외건설공사의 수익성 향상을 위한 수주 전략의 수립이 가능할 것으로 기대된다.

한국 건설 산업 생산성의 국제경쟁력 분석 (An Analysis of the International Competitiveness of Productivity in the Korean Construction Industry)

  • 원종성;이강
    • 한국건설관리학회논문집
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    • 제9권4호
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    • pp.75-83
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    • 2008
  • 2003년 이전 국내 건설 국제경쟁력 비교연구에서 우리나라 건설 생산성이 미국, 영국, 일본 등의 선진국에 비하여 낮은 것으로 보고되었다. 그러나 2003년 이후 우리나라 해외 건설수주 물량도 매년 크게 늘고 있으며, Petronas Tower, Burj Dubai와 같은 세계 최고층 건물을 수주, 건설하는 등 양적 질적으로 괄목할 만한 발전을 이루고 있다. 이 시점에서 우리나라 건설생산성의 현주소를 재평가할 필요성이 있다. 본 연구에서는 우리나라와 해외선진국과의 건설생산성을 비교하여 우리나라 건설산업의 국제경쟁력을 평가하고자 한다. 국내 통계자료와 외국 통계자료를 바탕으로 노동자 1인 기준 단위시간동안 생산하는 총 공사액을 분석하여 각 국의 건설노동생산성을 측정하고 한국과 일본의 완공된 건축물을 대상으로 층당 소요되는 공사일수와 건축물의 지하층비율을 분석하여 시공경쟁력을 평가하였다. 분석결과, 우리나라의 건설생산성이 아직 건설 선진국인 미국이나 일본보다는 뒤쳐져 있으나 영국보다는 앞서는 것으로 분석되었다.

거시경제변수가 해외건설 지역별 수주금액에 미치는 영향 분석 (A Study on Effect Analysis of Macroeconomic Variables on the Amount of Overseas Construction Orders by Region)

  • 박진용;유승규;김주형;김재준
    • 한국건축시공학회:학술대회논문집
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    • 한국건축시공학회 2012년도 추계 학술논문 발표대회
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    • pp.143-145
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    • 2012
  • Overseas construction industry has performed the leading role in the economic development. In this study, effect of international oil prices, GDP and price index, on the regional international construction contract amount is compared and analyzed. Overseas construction market received a devastating effect due to the 1997's economic crisis. However, the market has remained stable since 1998, and since 2005, the trend has been a surge in new orders.

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A Multilevel Project-Oriented Risk-Mining Framework for Overseas Construction Projects

  • Son, JeongWook;Lee, JeeHee;Yi, June-Seong
    • 국제학술발표논문집
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    • The 6th International Conference on Construction Engineering and Project Management
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    • pp.39-40
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    • 2015
  • As international construction market increases, the importance of risk management in international construction project is emphasized. Unfortunately, current risk management practice does not sufficiently deal with project risks. Although a lot of risk analysis techniques have been introduced, most of them focus on project's external unexpected risks such as country conditions and owner's financial standing. However, because those external risks are difficult to manage and take preemptive action, we need to concentrate on project inherent risks. Based on this premise, this paper proposes a project-oriented risk mining approach which could detect and extract project risk factors automatically before they are materialized. This study presents a methodology regarding how to extract potential risks which exist in owner's project requirements and project tender documents using state of the art data analysis method such as text mining. The project-oriented risk mining approach is expected to effectively reflect project characteristics to the project risk management and could provide construction firms with valuable business intelligence.

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RISK FRAMEWORK FOR NEXT GENERATION NUCLEAR POWER PLANT CONSTRUCTION

  • John Walewski ;Stuart Anderson;Jaeheum Yeon;Amy Kim
    • 국제학술발표논문집
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    • The 5th International Conference on Construction Engineering and Project Management
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    • pp.451-458
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    • 2013
  • This research documents the initial findings and recommendations for developing a risk management tool to assess and quantify the risks associated with the construction of the next generation of nuclear power plants. The proposed tool builds upon the Construction Industry Institute's International Project Risk Assessment (IPRA) Best Practice. This paper provides an overview of the investigation to assess the unique risk elements pertaining to nuclear power plant construction and documents the preliminary findings from historical project performance data to better understand the function and use of the IPRA's Relative Impact value.

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Investing for the Future: A Comprehensive Study of the Southeast Asian Construction Markets

  • Chun, Hwikyung;Yoo, Jinhyuk;Chi, Seokho;Cha, Heesung
    • 국제학술발표논문집
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    • The 6th International Conference on Construction Engineering and Project Management
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    • pp.459-462
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    • 2015
  • Korean construction industry made a huge growth over several decades. However, domestic construction market has shrunk in recent years due to the domestic political environments and global economic crisis. Today, the international construction markets become more important to be investigated, and demands for international construction study have risen. The purpose of this study is to search for measures to compare the potential of Southeast Asian countries' construction markets and select strategic target countries where the Korean construction companies pursue to explore for future investments. The research team investigated a range of selection factors which can represent the construction market condition of each country. These factors included the size of the construction industry, economic growth potential, current relationship with Korea, the level of infrastructure development, political situation, etc. After collecting data, each selection factor was scored by experts' analyses and the total score was given to each country. As a result, the rating identified attractive countries for future investments: Myanmar, Vietnam, and Sri Lanka. For the target countries, analytical methods were used for in-depth market analysis that can provide comprehensive insight and strategic clue for development of short-/mid-/long-term roadmap and action plans. The research findings would be used to support rational decision making of construction investment advancing to the Southeast Asian economic growth.

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INDICATOR FOR PERFORMANCE MANAGEMENT OF CONSTRUCTION CALS

  • In-Su Jung;Jin-Uk Kim;Chan-Sik Lee
    • 국제학술발표논문집
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    • The 3th International Conference on Construction Engineering and Project Management
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    • pp.1340-1345
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    • 2009
  • Ministry of Land, Transportation and Maritime Affairs has implemented Construction CALS project for improving informationization level of construction industry and for making construction production system efficient. Although an importance of evaluation on level and performance of construction informationziation projects has been emerged, Construction CALS hasn't been evaluated so far. In this study, the performance indicators of construction CALS as the most important base in creating a performance management system were deduced. For this aim, this study reviewed the former researches on system construction for managing performance, analyzed current status of Construction CALS, arranged the relationship between upper strategies and ISP, developed pools of performance indicators, and this study followed IT BSC methodology. As a result, this study developed performance indicators of Construction CALS through four strategies such as globalization and activation of Construction CALS standards, research & development for reaching to international level in construction informationization technology, stabilization of system operation and distribution by publicizing Construction CALS and improving its functions, and policy implementation for managing and coordinating Construction CALS projects. These indicators will be applied to build a system of performance management.

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A Relationship of Managing Impacts of FOREX Fluctuations and Organizational Capabilities in Construction Business

  • Mohamed, Mohd Amizan Bin;Teo, Melissa;Kajewski, Stephen;Trigunarsyah, Bambang
    • 국제학술발표논문집
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    • The 6th International Conference on Construction Engineering and Project Management
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    • pp.477-480
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    • 2015
  • Construction projects are high-risk activities. When undertaking such projects in an international setting, it can be complicated by foreign exchange (FOREX) fluctuation risk. This affects the construction business performance in various ways, namely its progress due to delays, which in turn create further problems, specifically cost overruns as a result of price increase in raw materials, disputes, arbitration, litigation and even, total abandonment. Thus, the effective management of FOREX fluctuations is crucial. Previous studies have focused on the need for contract safeguards, adequate insurance, careful planning and management, as well as foreign exchange futures hedging to address some of the risks triggered by FOREX fluctuations. An analysis of FOREX fluctuations in the international construction industry revealed that more often it was focused on project-specific issues. Currently, there is a relative lack of awareness on Organizational Capabilities (OC), the abilities that owned by the organization, which is essential in managing the impact of FOREX fluctuations. Where research has focused on OC, these are viewed in isolation. Therefore, this study attempts to close the gap by proposing a framework on managing the impact of FOREX fluctuations in the international construction industry, employing the OC perspective.

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