• International conference on construction engineering and project management
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• 2015.10a
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• pp.595-596
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• 2015

Growing demand for traditional Korean housing, modernized Korean traditional housing (Hanok) was developed as a way of providing Hanok for the public. However, the standard cost data for Hanok has limitations, as it was developed based on single mock-up project actually constructed and verified by another mock-up Hanok. In order to meet these research objectives, daily report composition which is easy-to-use for on-site workers and managers and also easy-to-accumulate standard cost data was developed first. Secondly, access to the system was made easy through a web server. Finally, an automated calculation formula was inserted to allow the last inputted data to be automatically included for adjustment of standard costs. This system was designed from an industry perspective so that any unspecified and nonprofessional users can easily use. For the users, it has an advantage that on-site workers are provided with a daily report system through web server and also they are able to complete such reports through simple input and output without any additional forms.

• Journal of Digital Convergence
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• v.14 no.11
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• pp.233-240
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• 2016

Information system development projects, have a mechanism for many of the costs generated by a variety of risk factors. In general, the probability that the software project of the information system is carried out successfully in the delivery time is very low. This prediction of a formal cost is needed as the most important factor since it can prevent the project from being failed. However, objectivity of most of the project scale calculation during the calculation criteria is insufficient. Further, it is the actual situation that the management of the base line is not properly made during the project. Therefore, in this paper, we propose a model to calculate the number of steps it takes to develop on the basis of a methodology in an attempt to overcome the limitation of being unpractical in the early stage of the information system development project. It is expected to be a tool to estimate the effort and cost required by the information system development business through these convergence proposals model.

• International conference on construction engineering and project management
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• 2007.03a
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• pp.30-40
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• 2007

The demand for light-rail construction projects has recently been increasing, and they are mostly supervised by private construction companies. Therefore, a private construction company that aim to raise gains from the operation of the facilities during the contract period greater than what they invested should b able to accurately calculate the costs from the aspect of Life Cycle Cost (LCC). In particular, a light-rail transit bridge that has a heavier portion from the aspect of the cost of light-rail transit construction requires a more accurate calculation method than the conventional LCC calculation method. For this, an LCC analysis model was developed and a cost breakdown structure was suggested based on literature review. The construction costs by shape of the upper part of a light-rail transit were calculated based on the cost breakdown system presented in this paper, and the cost generation cycle and cost unit price were collected and analyzed based on records on maintenance costs, rehabilitation and replacement. In addition, after forming some hypotheses in order to perform the LCC analysis, economic evaluation was conducted from the aspect of the LCC by using performance data by item.

• Korean Journal of Construction Engineering and Management
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• v.17 no.4
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• pp.95-102
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• 2016

Recently, a research regarding calculation of construction time extension-oriented incidental costs has been intensively suggested in quantitative aspect and recent studies on system improvement has been made continuously. In the case of Domestic Public Construction Works, State Contract Act is applied when the client is government whereas Local Government Contract Act is done when the client is local government, but more meticulous study is required because improvement plan is not proposed even there is a clear demand for improvement of these problems on calculation standard. Thus this study suggested appropriate standard by comparing each the calculation standards followed by 'State Contract Act' and 'Local Government Contract Act', considering the problems accorded, and analyzing field cases. Calculation method of other expenses was differently regulated as the revision of each regulation, and this demonstrates that there is a difference of actual cost from 12.37% to 24.95%. It is shown that less cost of construction time were calculated than actual cost according to a problem of calculation method by State Contract Act as the rate at the time of contract to be applied in other expense rate. This study suggested the rate against incidental cost and the rate of other expense per day against total construction cost as an appropriate rate calculation for other expense based on field database.

• Journal of Korea Water Resources Association
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• v.56 no.1
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• pp.45-52
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• 2023

Due to natural disasters such as heavy rain that occurred in the metropolitan area in August 2022, human casualties and property damage are increasing. Accordingly, the government is making efforts to respond to natural disasters, but due to the absence of related standards and standardized standards, problems such as increased construction costs and deterioration in construction quality for disaster prevention facility maintenance projects are occurring. Accordingly, a rough construction cost estimation module was developed and applied to 25 new pumping stations in Korea. As a result of the analysis, the accuracy of the rough construction cost derived through the module recorded 70% of the detailed design cost, which is 4% higher than the previously used rough construction cost accuracy of 66% by the Ministry of Environment. Accordingly, it is expected that the efficiency of the disaster prevention project can be increased if the developed module is used to calculate the rough construction cost for storm and flood disaster prevention in the future.

• International Journal of Internet, Broadcasting and Communication
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• v.15 no.2
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• pp.218-226
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• 2023

In Korea, we still use function point based cost estimations for software size and cost of a project. The current problem is that we make difficultly calculating function points with requirements and also have less accurate. That is, it is difficult for non-experts to analyze requirements and calculate function point values with them, and even experts often derive different function points. In addition, all stakeholders strongly make the validity and accuracy of the function point values of the project before /after the development is completed. There are methods for performing function point analysis using source code [1][2][3][4] and some researchers [5][6][7] attempt empirical verification of function points about the estimated cost. There is no research on automatic cost validation with source code after the final development is completed. In this paper, we propose automatically how to calculate Function Points based on natural language requirements before development and prove FP calculation based on the final source code after development. We expect validation by comparing the function scores calculated by forward engineering and reverse engineering methods.

• Journal of the Korean Society for Railway
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• v.14 no.2
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• pp.194-202
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• 2011

Most of Orders of Magnitude estimate are based on historical data. This data is converted to the current price using by the cost index method mainly. This method, however, is rarely utilized or only for one-time use due to the lack of data and the complex escalation calculation method. This paper present a typical process on the conceptual investment cost estimation using by Cost Indexes based on the actual case for the Train Control facility of High-speed rail project. The result is expected to serve as both an easy way for Order of Magnitude estimate and a standard guideline for computerized modeling.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.65-72
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• 2001

With the recent rising project complexities and competitive environments in the construction projects, a risk management is recognized as more important management tool than the others. However, as most risk management techniques applied to the construction projects are centered around their initial phases and risk analyses, they are not developed into general project management technique such as time management, cost management and quality management, etc., that are usually applied in the process of construction. Thus, this paper proposes a response process to construction project risks based on the risk threshold and its calculation methodology applying a concept of VaR to establish risk management as general management technique in the construction projects.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2012.11a
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• pp.291-292
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• 2012

Progress in the construction project, the estimated cost of the measure is very important. Use preliminary estimate cost data for the prediction of construction cost. But, preliminary estimate cost data a clear calculation, there is no way. it is rely on the historical data and the past construction data. As a result, a significant difference in the actual construction cost and the predicted cost of the problem occurs. In this study, taking advantage of BIM Cost Prediction for efficient and rapid preliminary estimate BIM for building database through the study preliminary estimate cost data.

• International conference on construction engineering and project management
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• 2013.01a
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• pp.338-343
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• 2013

Integrated Project Delivery (IPD) as a delivery method fully capitalizes on an integrated project team that takes advantage of the knowledge of all team members to maximize project outcomes. IPD is currently the highest form of collaboration available because all three core project stakeholders, owner, designer and contractor, are aligned to the same purpose. Compared with traditional project delivery approaches such as Design-Bid-Build (DBB), Design-Build (DB), and CM at-Risk, IPD is distinguished in that it eliminates the adversarial nature of the business by encouraging transparency, open communication, honesty and collaboration among all project stakeholders. The team appropriately shares the project risk and reward. Sharing reward is easy, while it is hard to fairly share a failure. So the compensation structure and the contingency in IPD are very different from those in traditional delivery methods and they are expected to encourage motivation, inspiration and creativity of all project stakeholders to achieve project success. This paper investigates the compensation structure in IPD and provides a method to determine the proper level of contingency allocation to reduce the risk of cost overrun. It also proposes a method in which contingency could be used as a functional monetary incentive when established to produce the desired level of collaboration in IPD. Based on the compensation structure scenario discovered, a probabilistic contingency calculation model was created by evaluating the random nature of changes and various risk drivers. The model can be used by the IPD team to forecast the probability of the cost overrun and equip the IPD team with confidence to really enjoy the benefits of collaborative team work.