• Korean Journal of Construction Engineering and Management
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• v.15 no.3
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• pp.47-57
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• 2014

LNG plant projects tend to be implemented in overseas owing to its characteristics, so their project management scheme is somewhat different from those of general projects. Value chain in a LNG plant project includes exploration/production of gases, physical liquefaction/chemical conversion processes, transportation and storage. Key factors in the chain include liquefaction process (including ultra-low temperature liquefaction) to convert natural gas into liquid materials or fuel, and Front End Engineering Design (FEED) package, as well as Engineering, Procurement and Construction (EPC) technology comprising control, operation and construction. Success of a complex LNG plant project implemented in overseas depends on decision-making process in project management. Accordingly, to develop a decision-making model in of plant construction, the study extracted none factors in project management by EPC stage and assessed importance of each factor. The result showed that items in both project management and project risk management are important. Especially, the study developed a decision-making model in the construction stage of a LNG plant project based on the project management factors and importance assessment. The developed decision-making model would lay groundwork in building a decision-making system in construction stage of project management.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2013.05a
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• pp.298-300
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• 2013

Depending on the very large and complicated of the LNG plant project, for the successful execution of the project, the operating system that is seamlessly integrated in EPC phase is needed. Therefore, we surveyed and analyzed the PMIS development and application status in domestic and international plant construction. Based on the results of the research, we proposed the development direction for PMIS in LNG plant construction.

• Korean Journal of Construction Engineering and Management
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• v.15 no.4
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• pp.58-67
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• 2014

The proportion of investment in national R&D projects in construction and transportation has been increasing continuously; in terms of the size of R&D projects, there are many medium- to large-sized projects of over KRW 10 billion. However, in spite of such continuous increase in R&D investments, there are many technologies developed but not commercialized, i.e., the quiescence of technology. Accordingly, it is necessary to link the R&D results to commercialization by expanding the scope of R&D projects. In this context, this study presented objective reference prices to be used in contracting/transacting technology and implementing commercialization strategy by conducting technology valuations against on-going research projects with earnings approach, and by estimating value of patented technology. Sum of free cash flow (business value) that can be generated during the life of the technology was estimated as KRW 512 million by reflecting a discount rate of 16.34% to convert it into the present value. In addition, the technology value was computed as KRW 227million by applying a technology factor of 44.39% to the above value. Based on the technology value estimated in this way, it is necessary to establish industrialization and commercialization strategy of the technology.

• Korean Journal of Construction Engineering and Management
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• v.17 no.1
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• pp.92-100
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• 2016

Many research efforts have made on various fields to develop a system which is able to process diverse data in terms of efficiency and accuracy as well as minimizing the error in data-processing. As known, it is obvious that procurement is crucial process for the plant projects due to its importance and impact on the performance. It is strongly required to develop an effective metadata system to assist optimal controlling data for the logistics discipline of procurement processes in plant projects. Therefore, the main purpose of this paper is to apply a metadata system for logistics of the plant projects. The suggested technical module is tested using sample data and evaluated its performance in terms of accuracy and running speed. The results of this research will be extended to the other processes of plant projects in order to achieve a ultimately process-based life-cycle plant project information management system