• Title/Summary/Keyword: Project Life Cycle Cost

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Cradle to Gate Emissions Modeling for Scheduling of Construction Projects

  • Sharma, Achintyamugdha;Deka, Priyanka;Jois, Goutam;Jois, Umesh;Tang, Pei
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.975-983
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    • 2022
  • This paper presents an innovative way of integrating scheduling and project controls with the environmental impact of a construction project to track, monitor, and manage environmental emissions at the activity level. As a starting point, scheduling and project controls help monitor the status of a project to provide an assessment of the duration and sequence of activities. Additionally, project schedules can also reflect resource allocation and costs associated with various phases of a construction project. Owners, contractors and construction managers closely monitor tasks or activities on the critical path(s) and/or longest path(s) calculated through network based scheduling techniques. However, existing industry practices do not take into account environmental impact associated with each activity during the life cycle of a project. Although the environmental impact of a project may be tracked in various ways, that tracking is not tied to the project schedule and, as such, generally is not updated when schedules are revised. In this research, a Cradle to Gate approach is used to estimate environmental emissions associated with each activity of a sample project schedule. The research group has also investigated the potential determination of scenarios of lowest environmental emissions, just as project managers currently determine scenarios with lowest cost or time. This methodology can be scaled up for future work to develop a library of unit emissions associated with commonly used construction materials and equipment. This will be helpful for project owners, contractors, and construction managers to monitor, manage, and reduce the carbon footprint associated with various projects.

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A Preliminary Study of the evaluating and improving WLCM for construction project based on BIM (BIM기반 프로젝트의 WLCM (Whole Life-Cycle Management) 적용모델 개발을 위한 기초연구)

  • Lee, Geun-Ho;Lim, Hyoung-Chul
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2011.11a
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    • pp.13-14
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    • 2011
  • The main purpose of this research is to propose standardization of construction components design with BIM and to develop WLCM Framework and Application System for supply chain management on interaction of stakeholders based on proposed standard component. To accomplish main purpose of this research, we planned three years period, in first year, we will develop model for building lifecycle based on BIM, and this model can give the chance of collaboration with stakeholders of building project. In second year, we will develop WLCM system with model, and to improve performance of application model/system. This study can contribute on reduction of whole lifecycle cost, with preventing omission of factors on cost reduction possibility, develop concurrent engineering framework for construction stakeholders with proposed BIM.

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Life-Cycle Cost Analysis of Ballast Water Treatment System (LCC 분석에 의한 Ballast Water 처리 시스템의 경제성 평가)

  • Kim, Je-Eun;Kim, Soo-Young;Kim, Hyung-Man;Seo, Guan-Hui
    • Journal of the Society of Naval Architects of Korea
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    • v.42 no.6 s.144
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    • pp.673-678
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    • 2005
  • IMO adopted ' International Convention for The Control and Management of Ships' Ballast Water and Sediments ' on February 13th 2004. According to this convention, a ballast water treatment system should be installed in all ships obligatorily up to a standard date. When the system is installed, economic propriety should be considered. The economic propriety analysis examines the profit of a relevant project which can be presented by a equation, (Profit) = (income) - (expense) - (tax). However, the ballast water system is not for the profit during the life cycle but for the satisfaction of the regulation. Therefore, the expense should be minimum against the profit. This study presents the LCC(Life-Cycle Cost) analysis for economic evaluation of several ballast water system of foreign products.

ECONOMIC ANALYSIS BY GLASS TYPES IN BALCONY CONVERSION OF MULTI-FAMILY HOUSING PROJECTS

  • H.G. Kim;D.I. Kim;D.W. Ko;T.H. Hong;C.T. Hyun;K.J. Koo
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.625-634
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    • 2007
  • Energy-saving is one of important issues in multi-family housing projects in South Korea. According to the study by Yu et al. (2002), the balcony conversion causes energy loss approximately one and a half times. Therefore, it is important to select the economical glass type in the balcony window. In order to identify the most economical glass type of balcony conversion in multi-family housing projects, the most typical type of the multifamily housing projects in the metropolitan area was selected as a candidate project. The selected candidate project has been simulated using ENERGY-10 program to estimate the heat load by the different five types of glasses as well as their life cycle cost analysis (LCCA) using present worth method. Finally, sensitivity analysis has been conducted to determine the most economical glass types under a different discount rate (interest rate) and service life of building.

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Practical Issues of Earned Value Management Systems (EVMS) for Nuclear Power Plant (NPP) Construction

  • Jung, Youngsoo;Kim, Sungrae;Moon, Byeong-Suk
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.696-697
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    • 2015
  • Cost, schedule, and quality are the three major performance indicators for any construction project. Under the globalized competition in the nuclear industry, researchers and practitioners have also explored a systemized and integrated management system for cost, schedule, and quality. In order to address this issue, the concept of earned value management system (EVMS) has been often utilized. However, implementing EVMS for a mega-project of nuclear power plant (NPP) construction requires extensive overhead efforts. Though previous studies proposed structures and methods for effective NPP EVMS, there has been no legitimate study for data collection strategy for practical implementation. In this context, the purpose of this paper is to develop an effective data collection strategy for NPP EVMS. Firstly, the barriers to practical NPP EVMS were identified based on literature review and expert interviews. Strategies for data collection were then developed based on different phases of project life cycle. This study focuses on the 'life-cycle integrated progress management system' for NPP construction from an owner's perspective Therefore, results of this study can be used as a guide for preparing request for proposals (RFP) of an NPP owner organization.

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ANALYSIS AND IMPROVEMENT OF FINISHING WORK PROCESS FOR COST MANAGEMENT (FOCUSED ON INDOOR FINISHING WORK OF APARTMENT)

  • Hoon-Ku Lee;Yoon-sun Lee;Ja-Young Yoon;Jae-Jun Kim
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.711-720
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    • 2007
  • Apartment housing in the Korean domestic construction industry has had various and high-quality finishing work since the enforcement of price deregulation in 1998. Before the enforcement of price deregulation, feasibility studies of housing projects have not had particular difficulties as uniform description of finishing work items were reflected and finishing work cost also was equalized. However, the recent distinction of finishing work based on the same floor plan brings about project cost variation, along with many effects on construction management due to project cost increment. Accordingly, this paper suggests the improved plan of cost management to control the feasibility study result consistently during the life cycle of a project through an analysis based on cost management phase due to cost blackout, appearing at the commencement of a project, cost gradation caused by high-quality finishing work item, and cost reduction due to the degradation of finishing work after analysis of current apartment construction process focused on finishing work using the IDEF process analysis technique.

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

  • Kim, Yoon;Lee, Dong-Eon;Yoo, Ho-seon
    • 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.

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A Study on the RAM Application of a Light Rail Transit Business, Ac-cording to the Technique Application in System Engineering (시스템엔지니어링 기법 적용에 따른 경량전철사업의 RAM적용에 관한 고찰)

  • Lee, Seong-Gwon;Min, Kyong-Se;Jeon, Seo-Tak;Jung, Kye-Young
    • Journal of the Korean Society of Systems Engineering
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    • v.7 no.2
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    • pp.13-19
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    • 2011
  • A LRT(Light Rail Transit) is one of the Future Urban Railway Development Project. The project's goal is to reduce a transportation congestion in the center of the city. New transportation is intensely required in order to overcome a limit of the ground transportation that is the existing public transportation, A LRT(Light Rail Transit) construction project to be based on an unmanned driving system is the large composition system that a vehicle, a signal, communication, electric, track etc. were organically integrated as echo-friendly urban transportation systems. It also put a huge budget, which is a large-scale infrastructure projects. It is international trend that Light Rail Transit projects apply a technique in System Engineering for a schedule, cost, quality elevations, and to approach in viewpoints of life-cycle from initial construction steps to operation, abolition. This paper intends to analyze RAM requirements taking into consideration ISO/IEC 15288 throughout life-cycle from concept, design, manufacture, operation and maintenance to the final phase, decommissioning, and the study seeks to suggest directions of efficient use to domestic LRT projects.

A Study on the Life Cycle Cost Analysis of Light Railroad Transit Bridges (경량전철 교량의 생애주기비용 분석에 관한 연구)

  • Lee, Du-Heon;Kim, Kyoon-Tai;An, Dong-Geun;Jun, Jin-Taek;Han, Choong-Hee
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.384-389
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    • 2006
  • The needs for Light Railroad Transit(LRT) have been increased due to the heavy traffic congestions in large cities like Seoul, Korea. Korean government is seeking the LRT system development (including planning, designing, construction, and maintenance and operations) in terms of public-private-partnership (PPP). At the private sector side, it is crucial to estimate the life cycle cost (LCC) to project the cash flow during the O&M period. Since the most construction and O&M cost of LRT project is at the bridge construction, a cost analysis model and a cost breakdown structures (CBS) on LRT bridges are discussed through in depth literature reviews. Construction and maintenance cost of bridges are collected and analyzed. LCC is analyzed by types of bridge superstructures and historical data of repair and rehabilitation (R&R) is investigated. There have been scarce number of LCC analysis on railway bridges. This research delivers a well-defined CBS and maintenance cost data, which will be a great benefit to the systematic maintenance strategy development for railroad bridges.

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DEVELOPMENT OF LIFE CYCLE COST ANALYSIS SYSTEM FOR THE BUILD-TRANSFER-LEASE PROJECTS

  • Chun-kyong Lee;Bong-ho Cho;Tae-keun Park
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.119-129
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    • 2007
  • In January 2005, the BTL private investment project was introduced in the Korean construction market as part of the plan to provide high-quality public service and expand the required facilities in a timely manner. Nonetheless, problems such as the low earning rate at the beginning of the business, burden of service compared to the cost of the proposed business, and limitations of the local small and medium-sized companies in relation to their participation in the project arose. The LCC analysis system for the BTL projects was developed as part of efforts toward efficiently investigating the investment eligibility. Specifically, methods for LCC analysis were selected for each stage of the BTL project in relation to the requests of experts for military residential facilities and public educational facilities. Variables were then extracted to derive an accurate analysis value, LCC for the 5 cost items (initial investment cost, operating expenses, maintenance expenses, energy cost, and disposal cost), analyzed, and system enabling comparative analysis for single and multiple initiatives by year and item, developed. Thus, we have to clearly require the accumulation of data to examine the appropriateness of the results of LCC analysis based on data and results.

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