• Journal of Korean Society of Industrial and Systems Engineering
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• v.39 no.1
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• pp.17-24
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• 2016

Many organizations have transformed their business in order to survive and compete in the future. They generate projects by creating a vision, using strategies and objectives with funds aligning strategies and make efforts to complete them successfully because project success leads to business success. All projects have triple constraints such as scope, time, and cost to be completed. Project cost performance is a key factor to achieve project goals and which is mostly related with risks among various cost drivers. Projects require a cost estimation method to complete them within their budget and on time. An accurate budget cannot be estimated due to the uncertainties and risks. Thus some additional money should be funded in addition to the base budget as a contingency reserve for identified risks and a management reserve for unidentified risks. While research on contingency reserve for identified risks included in project budget baseline have been presented, research on management reserve for unidentified risks included in total project budget is still scarce. The lack of research on estimation method and role of the management reserve have made project managers little confidence to estimate project budget accurately with reasonable basis. This study proposes a practical model to estimate budgets including contingency and management reserves for not only project cost management but also to keep the balance of organization's total funds to maximize return on investments for project portfolio management. The advantages of the proposed model are demonstrated by its application to construction projects in Korea and the processes to apply this model for verification are also provided.

• Journal of Korean Institute of Industrial Engineers
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• v.3 no.2
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• pp.63-72
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• 1977

The trend of computerization is significant in Korea even at its beginning stage, especially for governmental administration. However, full-fledged success of computerization in an organization is reported to be rare while the cost of computerization has been high and increasing. This paper is concerned with two features for the successful implementation of a computerized system in an organization selection criteria for the computerization among the possible candidate projects and project selection models. Due to the dearth of literature regarding successful implementation of computerization, other sources of literature with respect to R & D management, method engineering, etc. were reviewed to develop a set of factors influencing successful computerization. Thus, project selection criteria for computerization of governmental administration are developed and organized as follows: cost of computerization project including both system development and operating cost, quanitative and qualitative benefits of computerization project, probability of technical and implementation success of computerization and other organizational and political factors to be considered. These criteria are broken down into detailed sets of subcriteria to be measured. To select a project after thorough consideration of the selection criteria, a project selection model which takes into account all criteria together has to be developed. In the study three project selection models are suggested and developed. They are the checklist model, multi-stage cut-off model, and composite criteria model. A detailed procedure for each of the three models is illustrated. Although the project selection criteria and models are developed here primarily for the computerization of governmental administration, they are easily applicable to other settings of computerization. Finally, some caveats for the use of selection criteria and models are discussed.

• Asia pacific journal of information systems
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• v.13 no.2
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• pp.199-217
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• 2003

Based on the IS literature on software project risk management, we developed an integrated model to investigate the risk factors and risk management factors in project development. We also analyzed the interrelation between project risk and project risk management. The questionaries are collected from 83 project leaders. We tested reliability and validity of the measure and analyzed the obtained data. The results support our risk-based hypothesis that shows the importance of risk management in reducing project risks and improving performance of project and process.

• Journal of the Korea Institute of Military Science and Technology
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• v.12 no.3
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• pp.344-353
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• 2009

In this paper, I have proposed a design of process support system based on CMMI process which can support integrated management and repository for CMMI model processes. The system assists small organization to improve business process and offers institutionalized automatic environment to users for use of CMMI processes. The proposed system also can enhance quality and productivity of project by including features such as convenience of project management, planned project administration and steady process improvement.

• Korean Management Science Review
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• v.16 no.2
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• pp.13-32
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• 1999

Concurrent Engineering is one of the information-based product development approach. Yet, the method of organizing the project team for the concurrent engineering is not clear. This study focuses on deriving a method to organize an information-based project team. The model consists of 4 layers : IT infrastructure, organization of the information-based project team, operation of the project team, an organization culture. Based on an analysis of new product development case, this study attempts to verify the model and to suggest more effective way of organization design and management for new product development.

• Proceedings of the Korean Geotechical Society Conference
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• 2006.10a
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• pp.509-514
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• 2006

Considering the risk management, there are many examples and various studies for the corporation risk. However, I have never seen the project risk management that applied a construction site for practical approach. Therefore, I have developed a chart (I-Chart) for the project risk management, and also built a model (I-Chart scenario analysis) that I could use. I applied this model to container yard reclaimed land in harbor construction with approaching of geotechnical engineering.

• International conference on construction engineering and project management
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• 2007.03a
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• pp.662-671
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• 2007

Since variety of construction projects with their individual specifications could be handled through different procurement systems, selection of the most appropriate project delivery system is a vital step towards more efficient project execution. The appropriate selection of project delivery system may also ensure more competent management of the project. Its impacts are not only limited to the first stages of the project, as it could also influence pre-construction, construction and operational phases of the project. Among different approaches exerted for this purpose, none has taken uncertainty into account, despite the fact that during first stages of the project most of the selection factors are still uncertain and not clearly defined. This paper, hence, aims to provide a fuzzy insight into the project delivery system selection. Through this approach more tangible model of the evaluation process may be presented. Proposed fuzzy method is indeed a multi criteria decision making model, based on the group of criteria, assigned for the evaluation procedure. A case study is also conducted, based on the opinion of an invented group of the experts.

• Archives of design research
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• v.16 no.4
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• pp.69-78
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• 2003

Risk Management is one of the most important factors in web design project management. The purpose of risk management is to identify reasons of risk to avoid risky situation and successfully achieve final goal of the project. This paper first describes concept of the web design project management and its processes. Secondly this study presents planning principles for systematic risk management process. Also it suggests a model of risk management. Finally this paper demonstrates utility of the risk management model through case studies based on the suggested risk management model.

• International conference on construction engineering and project management
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• 2005.10a
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• pp.744-747
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• 2005

The AEC (Architecture/Engineering/Construction) industry is facing a competitive world after it entered into the 21^st century. Due to improper planning and scheduling, the construction projects face severe delays in completion. Most of the present day construction organisations operate in multiple project environments where more than one projects are to be managed simultaneously. But the advantages of planning and scheduling as multiple projects have not been utilized by these organisations. Change in multi-project planning and scheduling is inevitable and often frequent, therefore the traditional planning and scheduling approaches are no more feasible in scheduling multiple construction projects. The traditional scheduling tools like CPM and PERT do not offer any help in scheduling in a resource-constrained environment. This necessitated a detailed study to model the environment realistically and to make the allocation of limited resources flexible and efficient. This paper delineates about the proactive model which will help the project managers for scheduling the multiple construction projects.

• The Journal of Information Technology and Database
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• v.3 no.2
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• pp.97-118
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• 1996

Information systems quality engineering is one of the most problematic areas in practice and research, and needs cooperative efforts between practice and theory [Glass, 1996]. A model for evaluating the quality of system development process and ensuing success is proposed based on information processing theory of project unit design. A nomological net among a set of quality variables is identified from prior research in the areas of organization science, software engineering, and management information systems. More specifically, system development success was modelled as a function of project complexity, system development modelling environment, user participation, project unit structure, resource availability, and the level of iterative nature of development methodology. Based on the model developed from the information processing theory of project unit design in organization science. appropriate quality metrics for each variable in the proposed model are matched. In this way, a framework of relevant systems development and success quality metrics for controlling systems development processes and ensuing success is proposed. The causal relationships among the constructs in the proposed model are proposed as future empirical research for academicians and as managerial tools for quality managers. The framework and propositions help quality manager to select more parsimonious quality metrics for controlling information systems development processes and project success in an integrated way. Also this model can be utilized for evaluating software quality assurance programmes, which are developed and marketed by many vendors.