• Title/Summary/Keyword: Project Life Cycle Cost

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Guide-line for Developing a Maintainability Program (보전성 경영 프로그램 개발을 위한 지침)

  • 이낙영;김종걸;권영일;홍연웅;전영록;나명환
    • Proceedings of the Korean Reliability Society Conference
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    • 2001.06a
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    • pp.269-269
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    • 2001
  • Maintainability refers to the ease with which maintenance work can be done. It involves the process of ensuring that products can be easily and safely maintained and that the maintenance support requirement is minimized. When a product has a reasonably long life, the cost of operation and support during that life can greatly exceed the initial capital cost. The value to the customer of optimizing maintainability should be evident. Some effort and expense applied to achieving a product which can be easily and cheaply maintained will make very significant savings in the life cycle costs. In this paper, the International Standard IEC 60300-3-10, which is the application guide for maintainability, is considered. This standard can be used to implement a maintainability program covering the initiation, development and in-service phases of a product. It provides guidance on how the maintenance aspects of the tasks should be considered in order to achieve optimum maintainability. The elements of a maintainability program, which are maintenance policy and concept, maintainability studies, project management, design for maintainability, analysis and prediction methods, maintenance verification and validation, analysis of life cycle cost, maintenance support planning, and collection and analysis of maintenance data, are fully discussed in this paper.

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AN ASSESSMENT SYSTEM OF ECO-FRIENDLINESS OF CONSTRUCTED FACILITY IN THE DESIGN PHASE USING VALUE ENGINEERING

  • Byung-Soo, Kim;Dong-Eun, Lee;Suk-Hyun, Kwon;Min-Kwon, Choe
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1625-1629
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    • 2009
  • The new paradigm called 'Low Carbon Green Growth' involved in reducing greenhouse gas is on the rise as a critical issue worldwide. The essential of Kyoto protocol issued in 1997 is to achieve the sustainable economic growth environments by converting existing production system to eco-friendly one. The protocol imposes the liability to reduce greenhouse gas to the countries joined to it. The paradigm is directly involved in the energy consumption and environmental pollution caused by construction activities. Value Engineering which are mainly applied in the design phase in practice is a measure to improve the value of a constructed facility by analyzing and/or appraising the functions and costs of it. However, an appropriate method which assesses eco-friendliness of constructed facility has not been propose by researchers. This paper proposes a method which assesses the performance involved in eco-friendliness of constructed facility using Value Engineering (VE) in the design phase. The method estimates the environmental cost relative to the amounts of energy consumption and environmental pollution occurred over the entire project life cycle. The database called "Life Cycle Inventory DB", which stores information about the amounts of environmental pollution, is used. The algorithm which retrieves the amounts of environmental pollutions from the DB and converts them into environmental costs is developed. The algorithm is implemented into a system which quantifies the eco-friendliness of constructed facility in the design phase using VE.

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Comparative Analysis of Track Ballast Structures based on Value Engineering (가치공학에 기초한 궤도도상구조의 비교분석)

  • Baek, Jae-Wook;Song, Yoo-Seob;Park, Tae-Hyo
    • Proceedings of the KSR Conference
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    • 2007.05a
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    • pp.295-302
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    • 2007
  • The objective of this paper is to evaluate the proposed design by the Value Engineering (VE) analysis for the gravel ballast and the concrete ballast track structures. However, reliabilities about the VE analysis results based on Life-Cycle Cost(LCC) has not been fully benefited from VE implementation due to disregard of basic principles and lack of systematic performance measurement systems. In this paper, the VE analysis using the Delphi survey of professional group is proposed to decide reasonable determinants for investment and alternative design in construction project of railway tracks. Moreover, the efficiency of VE analysis is invested by an application of the developed methodology to track structures.

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Analysis on the Construction Cost of Spatial Structures (대공간 구조물의 공사비 분석)

  • Jang, Myung-Ho;Sur, Sam-Yeol
    • Journal of Korean Association for Spatial Structures
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    • v.7 no.3 s.25
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    • pp.133-140
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    • 2007
  • Spatial structures is a appropriate shape that resists external force with only inplane force by reducing the influence of bending moment, and it maximizes the effect of structure system. An economic analysis is one of the most important factors to determine the project feasibility. Large spatial structures project is more need to comprehensive technology than a general construction project. In order to result in success of these project, it is desired that analyze an essential elements(for example, large budget, professional engineer, construction method, etc.) in the whole life cycle of buildings by schematic preparation from the early feasible study steps. We collect the data and analyze construction cost through this study which examines general remarks of existing spatial structures and researches its examples. This study is aimed to apply basic data to establish database the spatial structures.

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Time-Dependent Degradation Model and Maintenance Cost of Rail line PC Beam Bridge in Project Level (Project level에서의 철도 PC Beam교량의 경년열화모델구성 및 유지관리비용 추정)

  • Kwon, Se-Gon;Park, Mi-Yun;Do, Jeong-Yun;Kim, Do-Kie
    • Proceedings of the KSR Conference
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    • 2008.11b
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    • pp.17-22
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    • 2008
  • Construction project have extremely high risk in the process of construction owing to unexpected event, like as design amendment. As a result, owner have to endure enormous extra-cost to control the risk and continue to the project having more higher uncertainty. Also, if the structure is completed, it is needed that the structure is protected and maintained continuously during life cycle time to satisfying original aim of structure itself. LCC analysis to calculate cost of structure alternatives divides into two stage, one is design_LCC and the other is maintenace_LCC. But two stages all is needed in the transition deterioration model to calculate more reasonable LCC analysis. This paper developed the model using analysis of FMS contents and survey from professional about Prestressed concrete beam girder bridge(PC Beam bridge)in railway. The model is focused in project level of PC beam because any condition state information for element level analysis can not get up. This paper is intended to use the developed model in LCC analysis of PC Beam bridge in railway and constitute the foundation to perform more deep study in the near future.

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Minimizing Project Quality Costs by Activity-Based Prevention (활동기준예방에 의한 프로젝트 품질코스트 최소화)

  • Kim, Jong-Yul;Kang, Chang-Wook;Hwang, In-Keuk
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.34 no.4
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    • pp.89-97
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    • 2011
  • Traditional quality control for manufacturing or service sector is not suitable for the quality control of a project as the project is one-time task constrained by time, cost, and quality. To meet the internal and external customers' requirements, quality costs approach to the project will be effective. Hence, we propose PONC (price of nonconformance) estimation procedure and a mathematical model, which are focused on activity-based prevention in the execution step and warranty step of EPLC (extended project life cycle). This procedure and model will help project manager develop preventive action plan for project quality costs minimization from nonconformance risk activities and PONC estimates information.

Factors Influencing Cost Overruns in Construction Projects of International Contractors in Vietnam

  • VU, Thong Quoc;PHAM, Cuong Phu;NGUYEN, Thu Anh;NGUYEN, Phong Thanh;PHAN, Phuong Thanh;NGUYEN, Quyen Le Hoang Thuy To
    • The Journal of Asian Finance, Economics and Business
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    • v.7 no.9
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    • pp.389-400
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    • 2020
  • A construction project is a designed product made up of labors, materials, and installations in the project positioned on the ground and may include the underground and ground section, and the section in water or on the water surface. It is a civil, industrial, transport, agricultural and rural development, infrastructure, or some other. A key phase in the life cycle of these construction projects is the implementation when building products are made directly with workers, equipment, materials, and managers. If there is a lack of management experience, information, and problem-solving solutions to tackle the risks faced by contractors, especially foreign ones, will fail in controlling the project's cost. This study was conducted with investigations, discussions, and evaluation of the factors that lead to cost overruns in the construction projects of international contractors in Vietnam. The principal component analysis (PCA) showed that those factors that influence cost overruns these construction projects fall into five general groups, including factors related to (i) the owners, (ii) the foreign contractors, (iii) the subcontractors and suppliers, (iv) state management, and (v) the project itself. Besides, the study proposes solutions to limit cost overruns in construction projects and improve the profitability of international contractors in Vietnam.

A Study on Maintenance Bundle Alternatives of BTL Project for Educational Facilities Using Complete Linkage Algorithm (컴플리트 링키지 알고리즘을 이용한 교육시설물 BTL사업 유지관리번들 구성방안에 관한 연구)

  • Cho, Chang-Yeon;Son, Jae-Ho
    • Journal of the Korean Institute of Educational Facilities
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    • v.15 no.3
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    • pp.4-16
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    • 2008
  • BTL(Build-Transfer-Lease) Project for Education Facilities is contracted as a package which consists of several education facilities and its maintenance period is 20 years. Thus, total cost variation largely depends on the accuracy of the maintenance cost forecasting in the early stage in the life cycle of the BTL Projects. This research develops a method using complete linkage algorithm and branch & bound algorithm to help in finding optimal bundling combination. The result of this research suggests more reasonable and effective forecasting method for the maintenance bundle in BTL projects.

Exploration of Life-cycle Management for Government R&D Program: the Case of Preliminary Feasibility Study on R&D Program (국가연구개발사업의 전주기 관리방안 탐색: 연구개발 부문 예비타당성조사 제도를 중심으로)

  • Ahn, Sang-Jin;Park, Eun-Ji;Lee, Yoon Been
    • Journal of Korea Technology Innovation Society
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    • v.17 no.1
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    • pp.124-145
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    • 2014
  • Market failure occurs when Pareto efficiency is not achieved through market mechanism. In order to solve this problem, government intervene market; paying great attention to the optimum state of resource allocation. However, as the size of government investment in R&D goes up, many professionals emphasize the importance in efficient management system. This work is the result of exploratory study to look into life-cycle management of governmental R&D program. Literature reviews and empirical research on governmental R&D programs elicit improvements for effective life-cycle management of governmental R&D program as follows: consistent discrimination between capital expenditure and recurring expenditure, dual management system by spending properties, implementing total cost management system in capital expenditure, and discrimination between preliminary feasibility study with confirming total program cost in recurring expenditure.

Research on RAM-C-based Cost Estimation Methods for the Supply of Military Depot Maintenance PBL Project (군직 창정비 수리부속 보급 PBL 사업을 위한 RAM-C 기반 비용 예측 방안 연구)

  • Junho Park;Chie Hoon Song
    • Journal of the Korean Society of Industry Convergence
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    • v.26 no.5
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    • pp.855-866
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    • 2023
  • With the rapid advancement and sophistication of defense weapon systems, the government, military, and the defense industry have conducted various innovative attempts to improve the efficiency of post-logistics support(PLS). The Ministry of Defense has mandated RAM-C(Reliability, Availability, and Maintainability-Cost) analysis as a requirement according to revised Total Life Cycle System Management Code of Practice in May 2022. Especially, for the project budget forecast of new PBL(Performance Based Logistics) business contacts, RAM-C is recognized as an obligatory factor. However, relevant entities have not officially provided guidelines or manuals for RAM-C analysis, and each defense contractor conducts RAM-C analysis with different standards and methods to win PBL-related business contract. Hence, this study aims to contribute to the generalization of the analysis procedure by presenting a cost analysis case based on RAM-C for the supply of military depot maintenance PBL project. This study presents formulas and procedures to determine requirements of military depot maintenance PBL project for repair parts supply. Moreover, a sensitivity analysis was conducted to find the optimal cost/utilization ratio. During the process, a correlation was found between supply delay and total cost of ownership as well as between cost variability and utilization rate. The analysis results are expected to provide an important basis for the conceptualization of the cost analysis for the supply of military depot maintenance PBL project and are capable of proposing the optimal utilization rate in relation to cost.