• Title/Summary/Keyword: Milestone Management

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A Study of Process Milestone for the Analysis of Risk Items (위험대상요소 분석을 위한 프로세스 마일스톤에 관한 연구)

  • Lee, Eun-Ser
    • The KIPS Transactions:PartD
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    • v.16D no.1
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    • pp.105-112
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    • 2009
  • Risk management is increasingly seen as one of the main jobs of project managers. It involves anticipating risks that might affect the project schedule or the quality of the software being developed and taking action to avoid these risks. The results of the risk analysis should be documented in the project plan along with an analysis of the consequences of a risk occurring. Effective risk management makes it easier to cope with problems and to ensure that these do not lead to unacceptable budget or schedule slippage. This research provides criteria of analysis of risk items to the estimation of process milestone on software development. Also, In this paper propose to a fixed quantity and transition phase.

A REAL-TIME PMIS BASED INDUSTRIAL CONSTRUCTION PROJECT MANAGEMENT SYSTEM

  • Kyusung Lee;Hojeong Song;Jaehyun Choi
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.352-358
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    • 2013
  • As amount of information in construction industry is growing, the role of information system in project management is becoming increasingly important. With the emerging IT application to the advancing construction industry, construction project management system with advanced technology has been progressed vigorously to improve construction productivity and management efficiency. Recently, a web-based Project Management Information System (PMIS) is developed to support decision-making process by efficiently managing project related information generated from various discipline. Many firms are in the process of developing the PMIS system or already have been applied the system to various projects. However, PMIS is still in its early stage of development to be applied at industrial plant construction projects that process management is significantly emphasized for the successful execution of the project. With the complexity of the industrial plant projects, the industry practitioners need to be able to visualize the construction schedule information to manage the project efficiently. This study suggests methodologies for improving PMIS specialized for industrial plant piping construction projects to estimate the baseline schedule and performance measurement more accurately by developing a framework for the piping construction projects. By using this developed system, the researchers expect that piping construction projects will be more efficiently managed on a real-time basis through measuring progress of piping at each and every state of progress milestone and provide management with opportunities to forecast the level of efforts required to execute the remaining work scope in a timely manner

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Project Time-Cost Tradeoff Problem with Milestones under an Uncertain Processing Time (불확실한 환경 하에서 중간 평가가 있는 시간-비용 프로젝트 문제)

  • Choi, Byung-Cheon;Chung, Jibok
    • Journal of the Korean Operations Research and Management Science Society
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    • v.38 no.2
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    • pp.25-42
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    • 2013
  • We consider a project time-cost tradeoff problem with two milestones, where one of the jobs has an uncertain processing time. Unless each milestone is completed on time, some penalty cost may be imposed. However, the penalty costs can be avoided by compressing the processing times of some jobs, which requires additional resources or costs. The objective is to minimize the expected total costs subject to the constraint on the expected project completion time. We show that the problem can be solved in polynomial time if the precedence graph of a project is a chain.

The Design & Effect Analysis of Project Objective Management Information System for National R&D cooperated by Industries, Universities and Government-supported research institutes (국가 산.학.연 협력 연구개발을 위한 과제목표관리 정보시스템의 설계 및 효과 분석)

  • Sohn, Kwon-Joong;Yoo, Wang-Jin;Lee, Cheol-Gyu
    • Journal of Technology Innovation
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    • v.16 no.1
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    • pp.107-139
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    • 2008
  • We studied how to achieve successful implementation of massive research and development projects requiring collaboration among industries, universities and government-supported research institute. We have set up an engineering process innovation model to be deemed most adequately for all practical purposes, relying on the theoretical studies on the merits and analysis of the effect of the information system based on Milestone Management, Work Breakdown Structures and Web, which is known to be effective for research project (schedule) management and the objective management, and implemented a real-world web-based project objective management system. After a review of various R & D Project Schedule Management methods, we found that this information system was very compatible with project objective management. This project objective management information system carries out research and development projects effectively and efficiently, getting together in cyber-space and sharing information, and has been equipped with an Early Warning Subsystem to allow for pre-analysis and timely response to potential problems arising from the course of the project. The system also contains an Executive Information System that in real time, automatically provides the management information required by managers with the rate of project progress (achievement, fulfillment and delay). Lastly, actual progress can be cross-checked through both on-line objective management on the web-based information system and design review meeting held on site, to improve the efficiency and validity of the information system. Moreover, overall effect was analyzed through questionnaires on how well the system and generated information meet requirements and on the ultimate impact of the system upon objective management and communication. The questionnaire on the system effect revealed that the information system was useful to objective management and communication, and that the quality of the system was more than acceptable as well.

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A Study on the Scheduling of PETRONAS TWIN TOWER 2 PROJECT (PETRONAS TWIN TOWER 2 프로젝트의 공정관리에 관한 고찰)

  • 최순묵
    • Journal of the Korean Professional Engineers Association
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    • v.33 no.3
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    • pp.59-63
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    • 2000
  • The purpose of this study is to understand the method of scheduling of Petronas twin tower project. Petronas twin tower is the highest building in the world today. Kuala Lumpur City Center Berhad which is owner of Petronas twin tower, managed this construction project by use of useful scheduling techniques, that is, milestone, NSC, NS, PDM, rolling wave, hammock. Now we consider this techniques and try to apply to our construction management.

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A study activating devices in scheduling management for analyzing progress payment in Korea (기성지급방식 비교분석을 통한 국내 공정관리 활성화 방안에 관한 연구 -경부고속철도 공사와 대만 고속철도공사 비교 중심으로-)

  • 이태식;김영현;정현진;김영환;김대영;윤철수;노시현
    • Proceedings of the KSR Conference
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    • 2001.05a
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    • pp.66-71
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    • 2001
  • Most payments in domestic construction are issued in lumpsum unit price contracts according to the completed construction rate. This method generates problems in losing time and increased costs for the owner and contactor. In overseas projects, payments are issued in accordance to completed milestones. The milestones themselves base on the original schedule and allow effective schedule management on the tasks. In domestic construction, however, introduction of milestone payments requires enhanced management capability of owners and contractors. Hence, this study investigating how to activate schedule management devices to analyze progress payments in domestic construction.

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Recent Trends in Receding Horizon Control (이동 구간 제어기의 최근 기술 동향)

  • Kwon, Wook Hyun;Han, Soohee
    • Journal of Institute of Control, Robotics and Systems
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    • v.20 no.3
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    • pp.235-244
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    • 2014
  • This article introduces recent trends in RHC (Receding Horizon Control), also known as MPC (Model Predictive Control), that has been well recognized in industry and academy as a systematic approach for optimal design and constraint management. Constrained and robust RHCs will be briefly reviewed with milestone results. Among the diverse developments and achievements of RHCs, implementation issues will be focused on, together with the latest applications. In particular, this article introduces results on how to solve a finite horizon open-loop optimal control problem in an efficient way, together with code generation for real-time execution and easy implementation. Instead of traditional applications such as refineries and petrochemical plants, this article highlights some selected emerging applications, such as energy management systems and mechatronics, that have resulted from state-of-the-art high performance computing power and advanced numerical schemes.

AN EXAMPLE OF REPRESENTING THREE LEVEL'S SCHEDULES WITHIN SCHEDULE HIERARCHY BY BDM TECHNIQUE

  • Seon-Gyoo Kim
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.445-452
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    • 2011
  • The schedule hierarchy in construction project is generally composed of three levels. The highest level is a milestone schedule and represented by Bar Chart format. The middle level is an integrated project schedule (IPS) and represented by CPM (Critical Path Method) format. The lowest level is a detail working schedule and usually represented by Bar Chart. The traditional scheduling techniques such as ADM (Arrow Diagramming Method) or PDM (Precedence Diagramming Method) cannot represent all kinds of schedule within schedule hierarchy as identical schedule format. However, the BDM (Beeline Diagramming Method) technique can represent all kinds of schedule within schedule hierarchy as identical CPM format. This paper describes the basic concept, principle, interpretation methods, and schedule computation methods of the BDM as a new networking technique that can represent all kinds of overlapping relationships between activities, and then presents an example of representing three level's schedules within schedule hierarchy by the BDM technique.

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