• Title/Summary/Keyword: Project Awards

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Assessment of Equity Market Responses on the Construction Project Awards (건설프로젝트 수주에 대한 시장의 평가)

  • Choi, Jong-Soo;Heo, Seong-Tae;Lee, Hee-Min
    • Journal of the Korea Institute of Building Construction
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    • v.10 no.1
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    • pp.221-228
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    • 2010
  • A construction firm's performance is largely attributable to performance in individual projects. In this regard, the awarding of an individual project has significant implications. However, project awards have received limited attention in the construction sector from amarket assessment perspective. This event study focuses on an analysis of market responses at the time of project awarding. A total of 252 samples wereselected through a rigorous sample screening processes. Performance was measured as cumulative abnormal return, which is traditionally adopted in event analysis. Research results indicated that the overall return is positive, and that the level isstatistically significant. Equity holders realized a higher return for projects awarded from the foreign countries compared to domestic projects. No relationship was observed between project size and the level of return. Other research findings and implications were discussed in detail from a management perspective.

Comparison Analysis of BIM Level in the Domestic and Overseas BIM Projects - Focused on BIM Journals and Award Winning Projects - (국내·외 BIM 적용 프로젝트의 BIM 적용수준 비교분석 - BIM 저널 및 Awards 수상작 사례를 중심으로 -)

  • Koh, Sung-Hoon;Ham, Nam-Hyuk;Lee, Joo-Sung;Yoon, Su-Won;Kim, Jae-Jun
    • Journal of KIBIM
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    • v.7 no.2
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    • pp.25-35
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    • 2017
  • Building information modeling (BIM) can improve to communicate with project participants by early construction involvement (ECI) from the beginning of the project. Therefore, they can minimize design changes and improve design quality and construction. However, because there is insufficient research on the scope and application level of BIM according to project delivery system and project characteristics, construction companies have efficiently not been using the BIM. Therefore, this study intends to conduct basic research as a basis for confirming appropriate BIM application and level according to project delivery system and project characteristics. To do this, we investigated the project delivery system and project characteristics of domestic and foreign projects that have successfully applied BIM, and compare and analyze them based on BIM application and BIM level framework derived from theory reviews and experts. Therefore, this study can be used as a basis for strategically establishing the scope and level of BIM according to project delivery system and project characteristics through the result of this study.

Selection of Six Sigma Key Ingredients (6시그마 핵심구성요소 선정)

  • Cho, Ji-Hyun;Jang, Joong-Soon
    • Journal of Korean Society for Quality Management
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    • v.34 no.4
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    • pp.22-32
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    • 2006
  • In these days, most of Korean industries advocates and utilizes Six Sigma as an integrated innovation tool for all their business and manufacturing processes. Six Sigma is known to bring more financial and managerial achievements than other innovation methods and tools. However, such successes are not always guaranteed. To adopt and implement Six Sigma successfully, it is necessary to grasp and understand essential characteristics of Six Sigma and then identify suitable elements and complements in consideration of vision, strategies, capability, circumstance and environment of the company. Step by step implementation plan may be built based on those ingredients. This study is to find out key ingredients (KIs) of Six Sigma. Potential ingredients selected from previous studies of success factors and ingredients of Six Sigma and TQM, and criteria of quality awards like MBNQA, EFQM, Deming prize and Korean National Quality Awards (KNQA) are classified into 11 categories based on experts' opinion and affinity analysis: management leadership, belt system, training, six sigma system, compensation, organization, corporate culture, customer focused, project selection, management of project results, and managerial achievements. Irrelevant or ineffective potential ingredients are discarded using factor analysis for the questionnaires answered by champions, MBB's and BB's of 90 Korean companies that have more than 3 years experience of Six Sigma. Also from the factor analysis, 3 factors are derived for each categories respectively except the managerial achievement category. Those 11 categories and 30 factors are defined as KIs of Six Sigma. This study also reveals that there is difference according to enterprise size, type of business, and implementation time in terms of KI's, and prioritizes KI's that an enterprise to pursue Six Sigma successfully should consider according to its characteristics.

A Framework of Building Knowledge Representation for Sustainability Rating in BIM

  • Shahaboddin Hashemi Toroghi;Tang-Hung. Nguyen;Jin-Lee. Kim
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.437-443
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    • 2013
  • Recently, sustainable building design, a growing field within architectural design, has been emerged in the construction industry as the practice of designing, constructing, and operating facilities in such a manner that their environmental impact, which has become a great concern of construction professionals, can be minimized. A number of different green rating systems have been developed to help assess that a building project is designed and built using strategies intended to minimize or eliminate its impact on the environment. In the United States, the widely accepted national standards for sustainable building design are known as the LEED (Leadership in Energy and Environmental Design) Green Building Rating System. The assessment of sustainability using the LEED green rating system is a challenging and time-consuming work due to its complicated process. In effect, the LEED green rating system awards points for satisfying specified green building criteria into five major categories: sustainable sites, water efficiency, energy and atmosphere, materials and resources, and indoor environmental quality; and sustainability of a project is rated by accumulating scores (100 points maximum) from these five major categories. The sustainability rating process could be accelerated and facilitated by using computer technology such as BIM (Building Information Modeling), an innovative new approach to building design, engineering, and construction management that has been widely used in the construction industry. BIM is defined as a model-based technology linked with a database of project information, which can be accessed, manipulated, and retrieved for construction estimating, scheduling, project management, as well as sustainability rating. This paper will present a framework representing the building knowledge contained in the LEED green building criteria. The proposed building knowledge framework will be implemented into a BIM platform (e.g. Autodesk Revit Architecture) in which sustainability rating of a building design can be automatically performed. The development of the automated sustainability rating system and the results of its implementation will be discussed.

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A novel regression prediction model for structural engineering applications

  • Lin, Jeng-Wen;Chen, Cheng-Wu;Hsu, Ting-Chang
    • Structural Engineering and Mechanics
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    • v.45 no.5
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    • pp.693-702
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    • 2013
  • Recently, artificial intelligence tools are most used for structural engineering and mechanics. In order to predict reserve prices and prices of awards, this study proposed a novel regression prediction model by the intelligent Kalman filtering method. An artificial intelligent multiple regression model was established using categorized data and then a prediction model using intelligent Kalman filtering. The rather precise construction bid price model was selected for the purpose of increasing the probability to win bids in the simulation example.

Comparative Study on Awards System of Australia and Wage Rate in Construction of Korea (호주 어워드 시스템과 국내 건설공사 시중노임단가 체계 비교연구)

  • Lim, Chaeyeon;Baek, Seung-Ho
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2018.05a
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    • pp.70-71
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    • 2018
  • The labor cost on construction project of Korea is calculated based on the Wage Rate in Construction of Korea which is published by Construction Association of Korea. The Wage Rate in Construction of Korea does not have any variation on the wage following skill level of labor although it has 123 work categories. In addition, the classification on skill level and career of construction labor in Korea does not defined. Therefore, to establish the concept of the classification on skill level and career of construction labor, this study aim to compare the difference between Wage Rate in Construction of Korea with Award system which present grade on skilled labor.

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Research Activities of the Nanjing Institute of Geology and Palaeontology, Chinese Academy Sciences (중국과학원 남경지질고생물연구소의 연구 활동 현황)

  • Lee, Chang-Zin
    • Journal of the Korean earth science society
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    • v.27 no.1
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    • pp.1-5
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    • 2006
  • Research fields are mainly invertebrate palaeontology, palaeobotany and palynology, micripalaeontology, and stratigraphy, which are being studied by the 223 researchers and graduate students (October, 2005). Since its foundation 50 years ago, the institute has published more than 6,200 research papers in national and international scientific journals, 300 volumes of scientific monographs in various fields. 200 scientific research projects have received awards from the state, Chinese Academy of Sciences, province and ministry level-government. Of them the "Project of the Chengjiang Biota and Cambrian Explosion" won the Frist class of National Natural Science Award from Ministry of Science and Technology in 2003.

A Study of Enhancing the Image of Nursing ; Action Plan, Implementation and Evaluation (간호이미지 향상 전략 방안 - 간호부서의 활동계획과 실시 및 평가)

  • Jeon, Chun-Yeong
    • The Korean Nurse
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    • v.32 no.2
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    • pp.43-50
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    • 1993
  • The purpose of this study was to develop a strategy for the promotion of the image of nursing. The study questions were; Do nurses have a proper self image\ulcorner What image of nursing do the public have\ulcorner It is thought that the prejudices that the public have about nursing personnel have to be eliminated in order to provide for better health care. Even though the public have misconceptions of prejudices, nurses have not paid much attention to them, nor sought ways to change them. This study was designated to make out a model project to improve the image of nursing held by the public. This study was a strategy building descriptive study. This study was oriented to a model project to improve the image of nursing. The subjects for the study were 650 nurses who were staff nurses. The study procedures were as follow ; First step ; a special action committe for nursmg image making was established of nine members who were divided into five subgroups. 2nd step ; a 1st workshop was held to improve self concept of nurses and to recognize them the necessity of nursing image development, a 2nd workshop was held to develop a conceptual framewrk for the action plan and for budget planning. 3rd step ; a master plan for a nursing image was developed and evaluated through discussion and presentation. 4th step ; lecture and role playing were used to further the development of a caring attitude in the nurse. 5th step ; a situation oriented video film was made and previewed the film is done for nurses and doctors, and lastly ; an academic symposium was held to redefine and reinforce the nursing image under the title of future directed nursing for Yonsei University, at this time three nurses were given awards for demonstrating a caring attitude in order to motivate nurses to develop a care oriented attitude.

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Collaborative Network for Children's Reading Program: Making of Bookmagic (전문가 협력을 통한 어린이 독서교육 프로그램 개발 및 운영 - "책수리마수리" 프로젝트의 사례를 중심으로 -)

  • Kim, Eun-Ha
    • Journal of Korean Library and Information Science Society
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    • v.41 no.3
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    • pp.373-389
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    • 2010
  • Bookmagic is a new reading program that encourages children of 5-15 ages to enjoy reading. Bookmagic provides free downloadable resources such as pre-reading and after-reading activities, booklists, posters and awards. Since a number of reading programs have already been developed, published and used, Bookmagic is not a toally new project. However, it is distinguished by the process of creating the program. While most of the reading programs available in Korea were developed by individual occupations(academic experts, private enterprises, civic organisations, associations of librarians or teachers), Bookmagic was designed by a team of various professionals including a picture book author, an academic researcher, a primary school teacher, a school librarian and two public librarians. Working in a partnership with other professionals, participant librarians had a unique opportunity to develop expertises on reading education as a creator of a program rather than as a deliverer.

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Proposal of a sustainable K-Culture Festival Strategy (한국문화축제 전략 제언)

  • Kim, Hyejn Joy
    • The Journal of the Convergence on Culture Technology
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    • v.8 no.4
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    • pp.213-217
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    • 2022
  • It is a time when a sustainable Korean Culture Festival strategy is needed. The Korean Culture Festival is a Hallyu Culture Festival that comprehensively introduces various Korean cultures such as Korean food, beauty, and fashion with the focus on K content, which has been leading the global craze since 2020. As the core project of the promotion of Neo Hallyu by the Ministry of Culture and Gymnasium, the 2021 Korean Culture Festival, which was based on the World K-Pop concert and the K-Culture Fan Fair, including holding the first face-to-face concert that applied the stage of real-world content after Covid-19, as well as conducting and exhibiting various fan participation challenges, must now make the leap to the global Hallyu Culture Festival. To this end, it can consist of drama, K-pop, K-Culture Fan Fair, K-Meetup, K-Culture Parade, and Awards. This distinction shows a classic festival program centered around the prosumer content that drives the Korean Wave, and in order for this philosophy to be effectively linked to its contemporaries, a Business to Business (B2B) and Business to Consumer (B2C) 'Techtainment Strategy' is needed to acquire potential customers through learned playfulness.