• Title/Summary/Keyword: Project Management Best Practices

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Risk Analysis on Offshore Windfarm Industry in South Korea: Based on the Jeonnam Offshore Windfarm Project

  • Kim, Tae Hyun;Kim, Yea-Sang;Chin, Sangyoon;Pallesen, Kristian
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.204-212
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    • 2022
  • Recently, the Korean government has been actively promoting the smart city as their strategic agenda. However, to build smart cities that are greener, the authors believe it is essential to rapidly transit conventional energy sources such as fossil fuels to renewable energy. Although there is a big potential for Offshore wind in Korea, there has not been a full-scale commercial offshore wind farm until today. Since Korea is relatively a new market compared to the EU, it can be risky for developers. The authors will introduce risk management best practices in the offshore wind industry applicable to the Korean environment. This paper will mainly introduce an offshore wind project size of 99 MW. The project is expecting a Finance Close (FC) in Q3 2022, so the project team has prepared a risk register with over 150 risks and levers throughout the project lifecycle. Overall risks include risks with Development Expenditure (DEVEX) impact, a Capital Expenditure (CAPEX) impact, and an Operating Expenditure (OPEX) impact. Based on the identified risks, a more qualitative assessment of Cost and Schedule Impact was conducted. In conclusion, a Monte Carlo simulation was performed to propose a quantitative risk assessment to evaluate a benchmark contingency of the project cost.

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DEVELOPMENT OF A FRONT END PLANNING TOOL FOR SUSTAINABILITY

  • Sang-Hoon Lee;Spencer Howard;Lingguang Song;Kyungrai Kim
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.506-513
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    • 2009
  • The Construction Industry Institute (CII) developed the Project Definition Rating Index (PDRI), as a part of their Front End Planning best practices, which helps project managers assess and measure project scope definition risk elements. U.S. Green Building Council are seeing the benefits of sustainable building and Leadership in Energy and Environmental Design certification by positively impacting life cycle costs, building marketability, and organizational productivity. However, there have been no efforts to integrate these two planning tools in construction industry. By applying a supplemental tool which combines the PDRI with the LEED rating system, construction industry can develop and implement a tailored instrument that leads to total project success in sustainability. The objective of this research is to assemble a new front end planning mechanism for green buildings by incorporating the current PDRI and LEED systems.

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Optimal Location of Best Management Practices for Storm Water Runoff Reduction (우수유출저감 시설의 최적위치 결정)

  • Jang, Su Hyung;Lee, Jiho;Yoo, Chulsang;Han, Suhee;Kim, Sangdan
    • Journal of Korean Society on Water Environment
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    • v.24 no.2
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    • pp.180-184
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    • 2008
  • A distributed hydrologic model of an urban drainage area on Bugok drainage area in Oncheon stream was developed and combined with a optimization method to determine the optimal location and number of best management practices (BMPs) for storm water runoff reduction. This model is based on the SCS-CN method and integrated with a distributed hydrologic network model of the drainage area using system of 4,211 hydrologic response units (HRUs). Optimal location is found by locating HRU combination that leads to a maximum reduction in peak flow at the drainage outlet in this model. The results of this study indicate the optimal locations and numbers of BMPs, however, for more exact application of this model, project cost and SCS-CN reduction rate of structural facilities such infiltration trench and pervious pavement will have to be considered.

Development of Construction Project Performance Management System(PPMS) Considering Project Characteristics (건설 프로젝트 리스크 관리 효율성 향상을 위한 성과측정시스템(PPMS) 개발)

  • Cha, Hee-Sung;Kim, Ki-Hyun
    • Korean Journal of Construction Engineering and Management
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    • v.14 no.1
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    • pp.82-90
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    • 2013
  • In the construction industry, there are so many qualitative factors affecting the performance of a project. So it is crucial to measure the factors in an effective way in order to analyze the interrelationship among the various factors. To improve the performance level of a project, it is also important to identify the most appropriate management practices which are inter-linked with the subject project. The purpose of this study is to develop a project performance management system (PPMS) to quantitatively analyze the variety of project performance data and identify the best management practice to increase the potential level of a particular performance area. Using a comparative statistical method, this study developed a quantification method and web-based computerized system to enhance the usage of the system. The system, however, is still under the validation stage because of the shortage of data set. In the future, when more and more completed project data are stored in the system, the system would play a crucial role in predicting the performance level and matching the best management practice for a subject project. In addition, the system can also be modified as a tool for a business- or industry-level system by incorporating the existing enterprise resource programs.

Evaluation of Management Performance for Heritage Buildings Case Study: Greco-Roman Museum - Alexandria, Egypt

  • Adel El-Menchawy;Wael Kamel;Amal Mamdouh;Mirna Eskander
    • Architectural research
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    • v.25 no.3
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    • pp.41-51
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    • 2023
  • Building restoration is a complex process with a high level of uncertainty. Restoration professionals can significantly benefit from the well-established discipline of project management to achieve their targets; however, available evidence shows that the use of the project management body of knowledge in restoration projects is far from the desired level. Several historical organisations have since been established with the goal of preserving and governing cultural identity, and numerous studies have supported the need of preserving architectural heritage. Many owners, investors, academics, and developers believe that it would be considerably more expensive to renovate and restore an old building than to create a new one. Although the project management process is generally recognised, the concept of project management for architectural heritage projects differs due to the uniqueness of each project. It differs from many construction projects in terms of the need for research-based practices to define scope, planning, scheduling, supervision,decision-making,and also performance. The Greco-Roman Museum in Alexandria's planning, design, and building phases are being studied with the aim of identifying and analysing the variables that contribute to project delays. Three project management pillars were established as a result of gathering this data from the project's stakeholders: the first pillar addresses time management for the existing phase and how it will be incorporated into the new extension phase; the second pillar addresses performance in relation to project management issues in the delivery of the best quality of a construction project; and the third pillar addresses the scope of the new extension because it will significantly impact the other two pillars. This paper argues that a contemporary perspective which utilizes project management tools and techniques can contribute to the conservation of architectural heritage in line with the conservation principles.

The Basis research Developing Assessment tool for Construction Management through Check List of Critical Success Factor (CM의 핵심석공요인 체크리스트 개발을 통한 CM적용효과 평가기법 개발 기초연구)

  • Lee Tai Sik;Choi Jae-Ho;Kim Young-Hyun;Park Jang-Hee
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.337-340
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    • 2003
  • Currently the number of project ordered as Construction Management is increasing. In advanced country, critical success factor of construction industry and case study is used for increasing productivity of construction project. This study presents the check list of critical success factor and analyzescase study of Construction management project in order to apply Construction Management Project in domestic industry.

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Web-base integrated BPM system framework for the new product development of automotive suppliers (자동차 부품업체를 위한 웹 기반 통합 신제품 개발 BPM 시스템 Framework)

  • 유석규;최병규;황현철;사공극
    • Proceedings of the Korean Society of Precision Engineering Conference
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    • 2003.06a
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    • pp.34-37
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    • 2003
  • This paper proposes a BPM(Business Process Management) system framework for the NPD(New Product Development) of automotive suppliers. Recently many enterprises change their organization from function-oriented to process-oriented through BPR (Business Process Reengineering). Especially, based on quality systems like QS9000, it is required to documented business processes and continuously improve these processes for customer satisfaction. NPD, the most significant function for industrial competition, is reinforced by the best practices business process to satisfy the requirements of quality systems. The main objective of the paper is the development of the information system that supports the best practices process management. For this, first, we define the requirements of BPM system for NPD based on the viewpoint analysis, and then propose a DES (Design Execution System) framework based on dynamic workflow engine. The DES is addressed in the characteristics of a NPD business process, integrated project management, and process execution. A prototype DES system has been developed in the web environment. Its validity is demonstrated by applying it to an automotive supplier.

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Modular Building Construction Process Development by Benchmarking International Best Practices (선진 사례 벤치마킹을 통한 국내 모듈러 건축 시공 프로세스 제안)

  • Shin, HyunKyu;Ahn, YongHan
    • Korean Journal of Construction Engineering and Management
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    • v.17 no.6
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    • pp.3-12
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    • 2016
  • The purpose of this study is to provide a domestic applicable modular building construction process by benchmarking international best practices. In this study, we derive the risk factors that may occur in performing a modular construction projects and the modular construction management factors through case analysis. In order to effectively respond to risks in performing a modular building projects, we propose the modular building construction process which is separated by a transportation, lifting, assembly steps based on the unit module construction sequence. It is the key to providing management information and guidelines for the design, production, construction participants by reflecting the information for each step in the process. This study would prevent a potential hazard which may occur in the construction process. Consequently, It could result in saving the entire cost of modular construction project as shortening the project schedule and could improve workability of modular construction.

Lessons learned from Multinational Parties Involved Program Management Consortiums in Korea

  • KO, Ok-Yeol
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.32-36
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    • 2015
  • This study explores the issue of program management consortia involving multinational participants. The aim of this research was to leverage advantages in program management (PM) skills and PM model improvement in product line construction in mega scale construction programs, typically funded by public funds. Such ventures involve multinational parties using dedicated partnering based on a program management consortium (PMC) to reduce confrontation between parties in complex circumstances, allowing an open and non-adversarial approach to project management. This research also seeks to implement an ongoing feedback program of best practices and lessons learned to minimize the repetition of mistakes and to reduce costs in sequenced construction. Recently, the Korean government has planned to undertake three large new projects: the Korean Peninsula major river maintenance, the reclamation of Se-Mangum, and the Science/Business City. This paper starts by providing a framework for the cost-reduction strategy for the United States Forces Korea (USFK) Relocation Program, which will be funded with public funds and a private fund investment (PFI) that combines programs executed by two governments as owners and multinational stakeholders, joined in the PMC. The establishment of project-oriented consortia is an innovative and non-adversarial approach to massive international construction projects. Such projects have used various tools effectively and skillfully. This experience may offer an opportunity to practice new and advanced program management delivery methods, and it is expected that Korea will gain a competitive advantage in the international construction market.

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Improving the Contractor-subcontractor Relationship Through Partnering on Construction Projects in Zambia

  • Mudzvokorwa, Tafadzwa;Mwiya, Balimu;Mwanaumo, Erastus M.
    • Journal of Construction Engineering and Project Management
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    • v.10 no.1
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    • pp.1-15
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    • 2020
  • With the increased dependence on subcontracting in the construction industry, the operational relationship between main contractors and subcontractor plays an imperative role in successful project delivery. Consequently, improving this relationship increases the probability of project success and enhancing project performance. A wide range of research has confirmed that partnering improves the main contractor-subcontractor relationship. Though the positive impact of partnering on project performance is supported by a plethora of evidence, the guiding theory on practical partnering process steps is limited. The study aimed at improving subcontracting in the construction industry through a partnering process relevant to Zambia guided by factors obtained from industry expects. Questionnaire surveys and Semi-structured interview were adopted to investigate the perception of construction industry professionals and academics towards the main contractor-subcontractor relationship along with improvement factors. The findings showed that the relationship between main contractors and subcontractors on most projects in Zambia is unsatisfactory therefore justifying attention. Top factors that can enhance the main contractor-subcontractor relationship were identified. From the factors deduced and guidelines on partnering best practices, a project partnering model was developed.