• Title/Summary/Keyword: Project Cost Management

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Stability of Construction Cost-variability Factor Rankings from Professionals' Perspective: Evidence from Dar es Salaam -Tanzania

  • Shabani, Neema;Mselle, Justine;Sanga, Samwel Alananga;Kanuti, Arbogasti Isidori
    • Journal of Construction Engineering and Project Management
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    • 제8권2호
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    • pp.17-33
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    • 2018
  • This study investigates the stability of professionals' cost variability factor-rankings across different levels of cost-variability and response scenarios. Descriptive statistics are used to examine the stability of factor-ranking for 20 cost variability factors and a Multinomial Logistic (MNL) regression model was implemented to examine the stability of cost variability factors across three cost variability levels. The finding on the descriptive statistics indicated that professionals' factors-rankings are stable only for external factors. The MNL regression results on factor-stability suggested that 8 out of the 20 evaluated factors were unstable determinant of lower cost variability levels. These factors are "risk associated with the project", "personal bias and poor professionalism of the estimators", "limited time available to complete the project", "lack of skills and experience by estimator" "geographical location of projects", "incomplete & rush designs for estimate", "unforeseen or unexpected site constraints", "high class bidders for the contractors". Similarly lack of experience and large size projects were observed to be unstable as well. These observations suggest that professionals' view on pre-tender cost variability factor-ranking yields unstable factor rankings hence should not be relied upon as the only mechanisms to mitigate cost related risks in construction projects.

화공플랜트 프로젝트에서 통합관리 소프트웨어 적용에 관한 연구 (A Study on the Application of an Integrated Management Software for a Petrochemical Plant Project)

  • 김윤;이동언;유호선
    • 플랜트 저널
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    • 제6권2호
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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.

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An Exploratory Study of EVMS Environment Factors and their Impact on Cost Performance for Construction and Environmental Projects

  • Aramali, Vartenie;Sanboskani, Hala;G. Edward Jr., Gibson;Asmar, Mounir El
    • 국제학술발표논문집
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    • The 9th International Conference on Construction Engineering and Project Management
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    • pp.170-178
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    • 2022
  • A high-performing Earned Value Management System (EVMS) can influence project success and help stakeholders meet project objectives. Although EVMS processes are well-supported by technical guidelines and standards, project managers often face challenges related to the project culture, team, resources, and business practices that make up the project environment within which an EVMS is being used. A comprehensive literature review revealed a lack of a data-driven and consistent assessment frameworks that can gauge the environment surrounding EVMS implementation. This paper will discuss the EVMS environment of construction and environmental projects, and examine its impact on cost performance. The authors used a multi-method approach to identify 27 environment factors that make up the EVMS environment, assessing them on 18 construction and environmental projects worth over $2 billion of total cost. Research methods employed include: (1) a literature review of more than 300 references; (2) a survey of 294 respondents; and (3) remote research charrettes with more than 60 participating expert practitioners. Culture (one of the identified environment categories) was found to be relatively more important in terms of its impact on the EVMS environment, followed by people, practices, and resources. These exploratory results show statistically significant differences in cost performance between completed projects with either a good or poor environment, for the sample projects. Key environment factors are outlined, and guidance is provided to practitioners around how to set up an effective EVMS environment in a construction or environmental project to inform decision-making and support achieving the project cost objectives successfully.

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Parameter Impact Applied Case-based Reasoning Cost Estimation

  • Joseph Ahn;Hyun-Soo Lee;Moonseo Park;Sae-Hyun Ji;Sooyoung Kim
    • 국제학술발표논문집
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    • The 5th International Conference on Construction Engineering and Project Management
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    • pp.475-478
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    • 2013
  • To carry out a one-off construction project successfully, effective and accurate early cost estimation is crucial, especially during the conceptual stage where very limited minimum information of construction project is given. As the level of accuracy of the early cost estimation has huge impacts on precise budgeting and cost management of a project, in other words, reducing the risk of a project, cost must be managed with special awareness. In an effort to improve the estimate accuracy of cost during the conceptual stage, this research introduces a Parameter Impact (PI) which can quantify weights of parameters and rank them; and PI development derived from the principle of impulse in physics is explicated. For a case study, 76 public apartment building cases in Korea are analyzed. To examine the validity of the proposed PI, a validation in terms of CBR applicability test and estimate accuracy comparisons using 10-nearest neighbor cases are carried out. The validation results support that the suggested PI can be applied in quantifying the weights of the parameters and CBR method for early cost estimation.

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A CASE STUDY OF CONSTRUCTION ENGINEERING FOR CABLE SUPPORTED BRIDGE BY COLLABORATIVE SYSTEM

  • Jung-Min Nam;Sung-Ho Kim;Jae-Hong Kim
    • 국제학술발표논문집
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    • The 4th International Conference on Construction Engineering and Project Management Organized by the University of New South Wales
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    • pp.586-590
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    • 2011
  • This paper presents the case study of the CE by collaborative system and proposes a model of the CM group for the cable supported bridge. The cable supported bridges have a large project scale and need a high level of construction method. Therefore an advanced construction management system is required for successful completion of project. The construction management (CM) group which control design management, construction plan, subcontract, technical support and R&D is organized for the cable supported bridge project. The CM group established a collaborative system with construction site and drew an effective management of cost, process, quality, safety for each project. Furthermore, the CM group established the procedure of construction management based on the construction engineering (CE) items and performed the project management on the construction phase. Efficiency of cost reduction and site control is maximized by using a collaborative system.

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A STUDY ON BIM-BASED 5D SIMULATION IN WEB ENVIRONMENT

  • Jae-Bok Lim;Jae-Hong Ahn;Ju-Hyung Kim;Jae-Jun Kim
    • 국제학술발표논문집
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    • The 5th International Conference on Construction Engineering and Project Management
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    • pp.169-172
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    • 2013
  • Building Information Modeling (BIM) is an effective decision-making platform that helps to save project cost and enhance quality of construction. By generating and linking a wide variety of objects data, BIM can be effectively utilized, and it should be ensured that object properties maintain consistency throughout the project period of design, estimates, construction, maintenance and repair. This study examined how to utilize BIM data in a construction project, by linking cost and schedule data in web environment, to better utilize the information and maintain consistency of the BIM information. To do so, the model integrated WBS data and CBS data, linked them with BIM model to realize 5D simulation in web environment. As a result, cost and schedule data could be simultaneously acquired, and object properties-cost, schedule, location-as well. These are expected to contribute to developing a BIM-based automatic data-processing system in web environment.

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공공 건설사업의 효율적 건설사업관리수행을 위한 제도개선방안 - 총사업비관리지침을 중심으로 - (Improvement of Construction Management System in Public Construction Projects - Focused on the Total Project Cost Management Guidelines -)

  • 조영준
    • 한국건설관리학회논문집
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    • 제21권1호
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    • pp.3-11
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    • 2020
  • 다년간 수행해야 하는 일정규모이상의 대형 공공건설공사에서 발주기관은 건설사업관리자의 건설사업관리업무를 위해 예산을 확보해야 한다. 발주기관이 확보하는 사업관리예산과 발주기관이 집행하는 사업관리예산이 동일할 경우 문제가 없지만, 그렇지 않을 경우 다양한 문제가 발생하게 된다. 실제로 건설기술진흥법에는 건설기술선진화를 위해 책임감리를 없애고 건설사업관리를 명시하였으나 기획재정부의 총사업비관리지침에는 책임감리라는 용어를 사용하고, 이에 따라 발주기관이 예산을 청구하도록 하고 있다. 따라서 발주기관의 예산확보와 예산집행사이에 괴리가 발생함으로 인해 건설사업관리업무를 수행해야 하는 현장에서는 많은 어려움을 호소하고 있다. 이에 본 연구에서는 건설사업관리가 효율적으로 운용될 수 있도록 다음과 같은 제도적 개선방안을 제시하였다. 첫째, 법령과 정부기관의 지침 등에 명시된 건설사업관리 용어와 업무를 단일화해야 하며 대가산정기준을 통일해야 한다. 이에 본 연구에서는 건설사업관리가 효율적으로 운용될 수 있도록 다음과 같은 제도 개선방안을 제시하였다. 첫째, 법령과 정부기관의 지침 등에 명시된 건설사업관리 용어와 업무를 단일화해야 하며 대가산정기준을 통일해야 한다. 둘째, 탈락한 건설사업관리자가 기술제안서 보상비를 지급받을 수 있도록 총사업비관리지침에 명시해야 한다. 셋째, 장기계속공사에서 사업비가 변경될 경우 그에 따라 건설 사업관리비가 조정될 수 있어야 한다. 넷째, 발주기관에서 건설사업관리업무가 필요하다면 전문기관에 위탁할 수 있는 근거를 총사업비관리지침에 명시해야 한다.

단지공사의 공사비 예측모형 개발 - 토공사를 중심으로 - (A Development for Construction Cost Prediction Model of Site Development Project)

  • 이원용;이태식;박종현;배건
    • 한국건설관리학회:학술대회논문집
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    • 한국건설관리학회 2002년도 학술대회지
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    • pp.419-422
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    • 2002
  • 현대 건설산업의 특징은 전문화, 복잡화, 대형화 등으로 다각적으로 변하고 있다. 따라서, 전통적인 공사비 관리체계로는 증가하는 건설공사의 불확실성을 감당할 수 없는 것이 현실이다. 이로 인하여 수많은 공사에서 공사비 증가현상이 발생하면서 건설사업의 성공적인 수행에 영향을 주고 있다. 따라서, 공사비 증가 현상을 방지하고, 효과적인 공사비 관리를 위해서는 정확한 견적을 통하여 관리 목표를 설정하고, 목표를 달성하기 위한 활동들이 필요하다. 본 연구에서는 효율적 공사비 관리를 위하여 기존에 사용된 공사비 모형을 분석하고, 단지조성 공사의 공사비 모형 구축에 필요한 표준 분석체계를 구축하여, 실제 단지조성 공사 사례 분석을 통하여 계획 및 설계단계에서 이용할 수 있는 공사비 모형을 제시하고자 한다.

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Construction Cost Segregation Process using Building Information Modeling

  • Zhou, Rong;Li, Huimin;Zhang, Chengyi;Lv, Lelin;Tian, Junrui;Cakir, Sevilay Demirkesen
    • 국제학술발표논문집
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    • The 9th International Conference on Construction Engineering and Project Management
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    • pp.1106-1113
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    • 2022
  • Cost segregation helps reduce tax liabilities by reclassifying real property to personal property and accelerates tax depreciation of a property. A typical cost segregation study requires much time and high costs. This study proposed a BIM integrated cost segregation process that can be applied to any commercial building project. The proposed BIM-based cost segregation process was verified in a new commercial construction project. It approved that this approach can: (1) increase the cash flow for the owner and provide assistance to tax-paying enterprises; (2) enable the contractor to use it as an added value in the bidding process; (3) realize data sharing in a common platform to improve the cost segregation study efficiency and reduce costs and errors; (4) contribute to the asset management in the life cycle of buildings while filling in the blank of cost segregation process. Future studies will focus on the automation of cost segregation and asset management in building construction's life cycle.

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Resource-constrained Scheduling at Different Project Sizes

  • Lazari, Vasiliki;Chassiakos, Athanasios;Karatzas, Stylianos
    • 국제학술발표논문집
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    • The 9th International Conference on Construction Engineering and Project Management
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    • pp.196-203
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    • 2022
  • The resource constrained scheduling problem (RCSP) constitutes one of the most challenging problems in Project Management, as it combines multiple parameters, contradicting objectives (project completion within certain deadlines, resource allocation within resource availability margins and with reduced fluctuations), strict constraints (precedence constraints between activities), while its complexity grows with the increase in the number of activities being executed. Due to the large solution space size, this work investigates the application of Genetic Algorithms to approximate the optimal resource alolocation and obtain optimal trade-offs between different project goals. This analysis uses the cost of exceeding the daily resource availability, the cost from the day-by-day resource movement in and out of the site and the cost for using resources day-by-day, to form the objective cost function. The model is applied in different case studies: 1 project consisting of 10 activities, 4 repetitive projects consisting of 40 activities in total and 16 repetitive projects consisting of 160 activities in total, in order to evaluate the effectiveness of the algorithm in different-size solution spaces and under alternative optimization criteria by examining the quality of the solution and the required computational time. The case studies 2 & 3 have been developed by building upon the recurrence of the unit/sub-project (10 activities), meaning that the initial problem is multiplied four and sixteen times respectively. The evaluation results indicate that the proposed model can efficiently provide reliable solutions with respect to the individual goals assigned in every case study regardless of the project scale.

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