• Journal of Korea Technology Innovation Society
• /
• v.17 no.1
• /
• pp.124-145
• /
• 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.

• Korean Journal of Construction Engineering and Management
• /
• v.13 no.4
• /
• pp.69-77
• /
• 2012

The construction data should be controlled from the life-cycle perspective. The current PMIS (Project Management Information System) usually focuses on the construction operation stage. The PMIS does consider the utilization of the construction in the maintenance of constructed facilities. This paper tries to interface the construction data with the maintenance data for effective use of construction data in the life-cycle perspective. To achieve the research objective, a maintenance breakdown structure is established and connected to the work breakdown structures. The connection of the two breakdown structures provide a structured utilization of construction data for efficient maintenance work activities. A prototype suggests that the interface of maintenance and work breakdown structures can help provide a construction and maintenance data in a more efficient way for maintenance activities.

• Korean Business Review
• /
• v.16
• /
• pp.123-144
• /
• 2003

The transfer of R&D performance is the technology transfer in a narrow sense. This study aimed at fanning the effective managerial systems of the transfer of the academic entrepreneur's R&D performance. For this purpose, this study analysed the characteristics and success factors of R&D performance transfer based on the theory of project life cycle. This research classified the life cycle of academic entrepreneurs' R&D projects into six stages. And the risks associated with the transfer process was categorized using the case study about the establishing processes the mineral-related small finns. Especially, the risk of the technology transfer was investigated by the R&D project implementation stages. Based on this results, this paper suggested the strategic system such as the marketing-oriented thinking, the clear-cut statement of the role among the stake-holders of the R&D and commercialization processes, the dynamic system of the academic entrepreneurs' leadership, the formation of the transfer management system, and the usage of project risk management techniques.

• Journal of the Korean Society of Systems Engineering
• /
• v.3 no.2
• /
• pp.17-24
• /
• 2007

The HEMU-400X(High-speed Electric Multiple Unit 400km/h eXperiment) project starts in 2007. It is required to control and balance the systems engineering activities throughout the project life cycle for a successful completion of the project. The Systems Engineering Management Plan(SEMP) is the primary, top level technical management document for the integration of all engineering activities within the context of, and as an expansion of, the project plan. A SEMP should be prepared for each project and regularly updated as development progresses. This paper proposes the systems engineering management plan for the HEMU-400X project.

• Journal of Construction Engineering and Project Management
• /
• v.2 no.4
• /
• pp.42-45
• /
• 2012

In construction industry, the term 'procurement' is considered as a project based job where clients and contractors are always keen to observe performance indicators. These indicators represent financial and non-financial efficiency of project activities. Among these, the monitoring of financial indicators such as cost monitoring is an ongoing process and its importance cannot be undermined during the project life cycle. It can be monitored by using traditional approach of direct reporting of actual cost against budget. However, the comparison of budget versus actual spending does not indicate the worth of the work which is completed at any given time. This approach does not represent the true cost performance of the project. Because of these limitations, this paper discusses the applications of Earned Value Analysis (EVA) for cost monitoring of construction projects in Malaysia. Besides traditional approach, EVA is a three-dimensional approach that compares three cost indicators i.e. the budgeted value of work scheduled with the earned value of physical work completed and the actual cost of work completed. Therefore, cost monitoring by EVA is an objective measure of actual work performed. This paper uses a case study, an example application of EVA as a cost monitoring tool. This case study reaffirms the benefits of using EVA for project cash flow analysis and forecasting.

• Journal of the Korea Institute of Information and Communication Engineering
• /
• v.14 no.4
• /
• pp.868-874
• /
• 2010

In this paper, we propose a design of automated electronic sanction system for management of six sigma projects. The proposed system performs diverse operations such as registering and choosing enterprise-wide enhancement project, managing schedules of the project, verifying the validity of the project, and thus managing the whole life cycle of the project. Each six sigma project is stored in the database repository for facilitation of its later use. The proposed system has been effectively applied in a Korean company, and thus, through the proposed system, we expect the effects of innovation-related and enhancement-related activities which six sigma is fundamentally pursuing.

• International conference on construction engineering and project management
• /
• 2022.06a
• /
• pp.686-693
• /
• 2022

Construction is a collaborative endeavor. The complexity in delivering construction projects successfully is impacted by the effective collaboration needs of a multitude of stakeholders throughout the project life-cycle. Technologies such as Building Information Modelling and relational project delivery approaches such as Alliancing and Integrated Project Delivery have developed to address this conundrum. However, with the onset of the pandemic, the digital economy has surged world-wide and advances in technology such as in the areas of machine learning (ML) and Artificial Intelligence (AI) have grown deep roots across specializations and domains to the point of matching its capabilities to the human mind. Several recent studies have both explored the role of AI in the construction process and highlighted its benefits. In contrast, literature in the organization studies field has highlighted the fear that tasks currently done by humans will be done by AI in future. Motivated by these insights and with the understanding that construction is a labour intensive sector where knowledge is both fragmented and predominantly tacit in nature, this paper explores the integration of AI in construction processes across project phases from planning, scheduling, execution and maintenance operations using literary evidence and experiential insights. The findings show that AI can complement human skills rather than provide a substitute for them. This preliminary study is expected to be a stepping stone for further research and implementation in practice.

• Proceedings of the Korean Institute of Electrical and Electronic Material Engineers Conference
• /
• 2009.06a
• /
• pp.478-479
• /
• 2009

The HEMU-400X(High-speed Electric Multiple Unit 400km/h eXperimental) project starts in 2007. It is required to analysis and simulate the train performance throughout the project life cycle for a successful completion of the project. This paper is devoted to the development of a train performance analysis model for the high-speed electric multiple unit 400km/h experimental. The model consist of running resistance model, train model, traction model and braking model. So, this paper represents the results of the train performance analysis.

• Proceedings of the KSR Conference
• /
• 2007.11a
• /
• pp.206-210
• /
• 2007

IEC 62278 presents a process to implement a consistent approach to the management of reliability for railway applications. A reliability program has to be established at the outset of a project in order to manage reliability activities effectively through the life cycle. The first step of the reliability program is to evaluate reliability requirements and targets based on the system specifications. The system specifications are derived from the customer's needs. The way in which the system requirements reflect the customer's needs is strongly dependent on the characteristics of the product. In general the customer of commercial trains presents the system requirements from their needs. However, the relation between the customer and supplier is equivocal for a project to development a prototype train, and the reliability program should be different from that of an usual commercial project. This paper deals with a process to manage reliability activities for the development of a protype train based on the experiences obtained from the development of the Korea High-Speed Train: Hanvit-350.

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• 2006.11a
• /
• pp.310-316
• /
• 2006

Since 'Act on Private Participation in Infrastructure' were changed in January 2005, BTL(Build-Transfer-Lease) projects of Private Participation in Infrastructure was introduced in the domestic construction market for the purpose of providing public facilities with the public. Selecting the most qualified Promoter should be considered discreetly in BTL projects because BTL projects is for projects with approximately thirty year project life cycle, plan, construction, operating, maintenance and obviously the success of the project totally depends on the capability and role of Promoter. However, score for cost is likely to influence selecting Promoter to take the project. Accordingly, low bid contract with too much competition could decrease the quality of the construction plan and operating plan. Thus, this study did preliminary research and documents on problems of evaluation criteria for selecting Promoter in BTL projects, and proposed improvement factors by doing questionnaire over specialists of each field.