• Plant Journal
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• v.5 no.3
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• pp.59-65
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• 2009

In the plant EPC project, the procurement work can be considered as the most important part that affects the success or failure of project as it has the closest mutual influence in every execution process of the project. Procurement takes up generally 60% ~ 70% of the entire project budget and the current trend of plant EPC project becoming larger in scale and a variety of process technology being applied. So, it is needed to identify the risks that are expected to occur according to the stages of procurement work, namely, proposal stage, manufacturer selection and purchasing agreement stage, expediting the process management of manufacturer stage, inspection stage and logistics & transportation stage. The management of observation and control of the risks should be performed with the response techniques which are 'avoid',' transfer'and' mitigate'.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2010.05b
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• pp.85-89
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• 2010

The propose of this research is derive project management factors and evaluate its decision weight in LNG plant EPC phases. In order to research, we studied the demestic and international research trend and analysed expert opinions. Initially we derived nine project management factors in each phase of EPC. Elicited factors in research are project management, design management, cost management, time management, contract and craim management, safety management, environment management, and risk management. Then, we evaluated the weight of project management factors with expert survey method and elicitated. Finally, The remarkable points in the result are that key management factors of EPC project are project management and risk management.

• Journal of Korean Society for Quality Management
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• v.50 no.1
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• pp.63-76
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• 2022

Purpose: The purpose of this study is to analyze the effects of risk perception and opportunistic behavior on project performance and the moderating effect of cooperation in this relationship through literature review to identify factors affecting the performance of large-scale nuclear power plant construction projects. Methods: This study conducted a survey on nuclear power plant construction project participants and verified the hypothesis using statistical methods. Results: The results of this study are as follows; First, risk perception appeared to have a positive effect on opportunistic behavior, and it was confirmed that opportunistic behavior among participating companies could occur even in nuclear power plant construction projects. Second, it has been proven that risk perception has a negative effect on project performance as suggested in previous studies. Third, in the relationship between opportunistic behavior and project performance, it was found that opportunistic behavior had a negative effect on project performance. Finally, cooperation was found to have a moderating effect on the relationship between performance risk and project performance. Conclusion: This study is a case of empirical analysis targeting nuclear power plant construction project workers, and provided a basis for reference in future related academic research and project implementation.

• 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.

• International conference on construction engineering and project management
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• 2009.05a
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• pp.1000-1014
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• 2009

Research sponsored by the Korean Government investigated the establishment of a risk management process by Korean contractors involved with plant projects in the Middle East. This research effort builds upon the work completed by the Construction Industry Institute (CII), called the International Project Risk Assessment (IPRA) tool and method, and also explored how CII's Project Definition Rating Index (PDRI) could be incorporated to improve project planning by addressing risks and scope development issues. Specific findings and recommendations were developed including the creation of the Contractor Critical Areas of Concern (CCAC) risk screening tool for Korean contractors pursuing Middle East oil and gas projects.

• Journal of Information Technology Application
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• v.2 no.1
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• pp.1-24
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• 2000

Project management in the Construction field inherently has more uncertainty and more risks relative to ones from other area. This is the very reason for why project management is recognized as the important task to construction companies. For getting better performance in the project management, we need a system that keeps the consistencies in a automatic or semi-automatic manner through the project management stages like as project definition stage, project planning stage, project design and implementation stage. But since the early stages such as definition and planning stages has many unstructured features and also are dependent to unique expertise or experience of a specific company, we have difficulty providing systematic support for the task of these stages. This kind of problem becomes harder to solve especially in the plant construction domain that is our target domain. Therefore, in this paper, we propose and also implement a systematic approach to resolve the problem mentioned for the early project management stages in the plant construction domain. The results of our approach can be used not only for the purpose of the early project management stages but also can be used automatically as an input to commercial project management tools for the middle project management stages. Because of doing in this way, the construction project can be consistently managed from the definition to implementation stage in a seamless manner. For achieving this purpose, we adopt knowledge based inference, CBR, and neural network as major methodologies and we also applied our approach to two real world cases, power plant and drainage treatment plant cases from a leading construction company in Korea. Since these two application cases showed us very successful results, we can say our approach was validated successfully to the plant construction area. Finally, we believe our approach will contribute to many project management problems from more broader construction area.

• Korean Journal of Computational Design and Engineering
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• v.21 no.2
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• pp.170-176
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• 2016

PLM system has been widely used in whole industry. Specially, in case of the company that constructs the engineering plant, PLM can be a key success tool for the innovation with ERP and Enterprise IT Systems. This paper describes the innovation strategy for engineering plant PLM including Master Data management, EPC project management, full 3D modeling and quality management.

• Plant Journal
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• v.7 no.4
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• pp.77-87
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• 2011

In proportion to continuing growth of overseas plant market and the trend of its mega scale of the project, the importance of management is significantly emphasized for the successful execution of the project. And it is recognized that progress control is the most important management item amongst the others in the management. Progress control is importance of progress measurement for performance measurement and process control of project, but it is hardly obtainable securing the objectivity in the progress measurement since the progress measurement are being applied differently in accordance with the project conditions and the experience level of the person in charge for the progress control. This study has conducted as following to propose a standard method for progress measurement in a petrochemical plant protect. Domestic and overseas plant projects are investigated variously with the applied method of progress measurement, and the deduced problem of progress measurement. And then standard method for progress measurement of engineering, procurement, construction and commissioning has been proposed according to comparison and analysis of practices in domestic & overseas plant project, procedures for progress control in the globally reputed petrochemical client, company rules and recommendation of the expert in progress control.

• Plant Journal
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• v.6 no.2
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• pp.56-61
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• 2010

In this paper, an integrated management software is developed to promote the business competitive power. The interoperability among the software accounts for an ever growing performance of petrochemical plant project. If the interoperability is built up, company has taken advantages of quality, schedule, cost, and safety by active communication. The advantage of an integrated management software is examined in three aspects. In efficiency aspect, It takes advantage of the saving about the various information and the standard of project performance procedure. In quality, the integration gave aid to a quality improvement through team collaboration and data management within project life cycle. In cost, poor communications between systems waste 30% of project costs. If information could be inputted once and used by all, reductions in delivery time up to 40% were possible. Therefore, 10% savings of engineering cost was also possible.

• Plant Journal
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• v.7 no.3
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• pp.48-64
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• 2011

In this work, risks in EPC project for overseas power plant projects are analyzed and risk management methods are suggested to reduce cost and to shorten time. 79% of risks occurred in the engineering phase for S project located in South-East Asia. The impact scales of risks on major project objectives which are cost, time, scope, and quality are analyzed as 3.5, 3.8, 2.7, and 3.7, respectively. The level of impact scales is very similar to each other except the impact scale of scope. The risk management methods suggested in this study have to be applied at the appropriate time to manage risks effectively. After that, risks are managed continuously by monitoring.