• Title/Summary/Keyword: Project Performance Management

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The Effects of Project Newness on the Relationship between Project Management Styles and Performance (프로젝트의 신규성 정도가 프로젝트 관리방식과 성과간의 관계에 미치는 영향)

  • Park, O-Wwon;Cha, Jong-Seok;Kim, Sun-Woo
    • Journal of Korea Technology Innovation Society
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    • v.15 no.2
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    • pp.421-442
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    • 2012
  • Many studies have been published on the relationship between project management styles and project performance. In recent researches, it is argued that project management styles should be different based on project characteristics and these project characteristics may have an effect on the relationship between project management styles and project performance. However, there are few empirical studies covering these issues. In this study, we examined the effect of project characteristics (i.e., degree of newness) on the relationship between project management styles (i.e., team autonomy, internal and external communication, individualism orientation) and project performance. The empirical results using 78 government sponsored R&D projects showed that team autonomy has a stronger positive effect on project performance as project newness becomes higher. In addition, as project newness becomes higher, internal communication showed a stronger positive effect on project performance, while external communication had a stronger negative effect.

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Quantifying Risk Factors on Cost Performance By Characterizing Capital Facility Projects

  • Jang, Myung-Hoon;Cha, Hee-Sung
    • Korean Journal of Construction Engineering and Management
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    • v.7 no.4 s.32
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    • pp.177-183
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    • 2006
  • Risk-based estimation has been successfully introduced into the construction industry. By incorporating historical data associated with probability analysis, risk-based estimate is an effective decision support aid in considering whether to launch a particular project. The industry challenges, however, especially related with management issues, such as labor shortage, wage growth, and supply chain complexity, have often resulted in poor cost performance. The insufficient assessing the project characteristics (i.e., resource availability, project complexity, and project delivery method) can be the main reasons in the poor cost performance. Because the accuracy level of cost performance prediction can be enhanced by extensive evaluation of the subject project characteristics, a new approach for predicting cost performance in an earlier stage of a project can improve the Industry substantiality, in other words, value maximization. The purpose of this paper is to develop a new methodology in developing a risk-based estimate tool by incorporating extensive project characteristics. To do this, an extensive industry survey was conducted from both private and public sectors in building industry in Korea. In addition, significant project characteristics were identified in terms of cost performance indicator. Although the data collection is limited to Korean industry the suggested approach provides the industry with a straightforward methodology in risk management. As many researchers maintained that front-end planning efforts are crucial in achieving the successful outcome in building projects, the new method for risk-based estimation can Improve the cost performance as well as enhance the fulfillment in terms of business sustainability.

A Development of Project Performance Predicting System(PPS) considering Construction Project Characteristics (건축 프로젝트의 특성을 고려한 성과 난이도 예측 시스템 개발)

  • Ko, Young-Jin;Cha, Hee-Sung
    • Korean Journal of Construction Engineering and Management
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    • v.12 no.1
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    • pp.62-72
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    • 2011
  • Currently, The failure of construction project is increasing to be caused by a changing construction environment. According to this circumstances, Researches of project success factors affecting performance have been presented to develop strategies for efficient construction project management in the construction industry. However, Conducting efficient construction project management is difficult because project manager could not know which project success factors can be improved or not. Especially, although the project characteristics were derived the level of difficulty for performance, research of the project characteristics which could not be improved as influence factor to performance is lacking. Therefore, This paper has developed the Performance Predicting System(PPS) with Fuzzy set theory to establish. PPS has been developed to establish efficient project management strategies and to save time and effort. As Contractor inputs the project characteristics, PPS can predict the level of difficulty of performance.

A Simulation Model Construction for Performance Evaluation of Public Innovation Project

  • Koh, Chan
    • 한국디지털정책학회:학술대회논문집
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    • 2006.06a
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    • pp.87-109
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    • 2006
  • The purpose of this paper is to examine the present performance evaluation methods and to make Monte Carlo Simulation Model for the IT-based Government innovation project. It is suggested the proper ways in applying of Monte Carlo Simulation Model by integration of present evaluation methods. It develops the theoretical framework for this paper, examining the existing literature on proposing an approach to the key concepts of the economic impact analysis methods. It examines the actual conditions of performance evaluation focusing on the It-based Government Innovation project. It considers how the simulation model is applied to the performance management in the public innovation project focusing on the framework, process and procedure of performance management.

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A Study on the Effects of Risk Perception and Opportunism on the Project Performance (위험인식과 기회주의 행동이 프로젝트 성과에 미치는 영향에 관한 연구)

  • Yoon, Chang Soo;Jo, Dong Hyuk
    • Journal of Korean Society for Quality Management
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    • v.50 no.1
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    • pp.63-76
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    • 2022
  • Purpose: The purpose of this study is to analyze the effects of risk perception and opportunistic behavior on project performance and the moderating effect of cooperation in this relationship through literature review to identify factors affecting the performance of large-scale nuclear power plant construction projects. Methods: This study conducted a survey on nuclear power plant construction project participants and verified the hypothesis using statistical methods. Results: The results of this study are as follows; First, risk perception appeared to have a positive effect on opportunistic behavior, and it was confirmed that opportunistic behavior among participating companies could occur even in nuclear power plant construction projects. Second, it has been proven that risk perception has a negative effect on project performance as suggested in previous studies. Third, in the relationship between opportunistic behavior and project performance, it was found that opportunistic behavior had a negative effect on project performance. Finally, cooperation was found to have a moderating effect on the relationship between performance risk and project performance. Conclusion: This study is a case of empirical analysis targeting nuclear power plant construction project workers, and provided a basis for reference in future related academic research and project implementation.

Integrated Planning Process Implementation Method Based on the Cost, Schedule, and Technical Performance (비용, 일정 및 기술적 성과를 고려한 통합 계획수립 프로세스 구현 방안)

  • You, Yi-Ju;Park, Young-Won
    • Journal of the Korea Institute of Military Science and Technology
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    • v.10 no.3
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    • pp.100-108
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    • 2007
  • The purpose of the research is to propose an integrated project planning process and its implementation method. Although there is increasing interest in the application of the Earned Value Management(EVM) method in the project management area, the progress and maturity of the technical performance have not been included in assessing the Earned Value. The main concept of the planning process is to use cost, schedule, as well as the technical performance in the assessment of the Earned Value Management for Military R&D project management practices. The resulting process can enhance the efficiency of the project work by eliminating the currently duplicated activities between traditional project planning process and the newly implemented Earned Value Management process and by shortening the early planning process duration of projects adopting EVM practices.

Analyzing the Influential Relationship between PMO and Project Performance in Construction Industry: Focusing on Moderation Effect of PM Leadership (건설산업에서 프로젝트관리오피스(PMO)와 프로젝트성과의 영향관계 분석: PM리더십 조절효과 중심으로)

  • Lee, Heonchang;Park, Sohyun;Kim, Seung-Chul
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.44 no.3
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    • pp.133-145
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    • 2021
  • Recently, the importance of project management has increased due to the scale and complexity of the construction projects. Therefore, this study conducted a survey on construction companies and related public institutions to verify the relationship between the role of the Project Management Office(PMO) and PM leadership for project performance. Based on this, the effect of the PMO role on the project performance was identified and the moderating effect of PM leadership was analyzed. As a result, first, the role of the PMO was found to have an influential on the project performance. Second, the PM leadership was verified to has a moderating effect in the relationship between the PMO role and the project performance. The purpose of this study is to analyze the influential of the role of PMO on project performance in the construction industry to suggest the necessity of PMO in the construction industry and the need to adopt PMO in large-scale construction projects and analyze the moderating effect of PM leadership on project performance.

A Study on the Mapping of Risk Factor with Performance Index in Urban Regeneration Project (도시재생사업 성과지표와 위험요인 연계 방안 연구)

  • Yu, Young-Jeong;Kim, Seon-Gyoo
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2008.11a
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    • pp.497-500
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    • 2008
  • Recently, the urban regeneration project has been performed actively at home and abroad. The stake-holders in urban regeneration project are various and complicated, and has large scale during a long life period. Also they show the characteristics of a mega-project and most mixed-use form. Therefore, the urban regeneration has a lot of potential risk factors from project beginning to completion. It means they need efficient and continuous risk management in terms of performance measurement. But the current domestic construction project does not reflect risk management in view of performance measurement. This study proposes the risk management methodology by mapping risk factors with major performance indexes of the urban regeneration project.

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Investigating the Factors Influencing Project Satisfaction and Performance in Pre-Project Phase (프로젝트 준비단계에서 프로젝트 성과에 영향을 미치는 요인에 관한 연구)

  • Kim, Gimun;Park, Yu Jin;Kim, Kijoo
    • Journal of Information Technology Applications and Management
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    • v.20 no.4
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    • pp.293-313
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    • 2013
  • Preproject phase is an important but often ignored research area in information systems field although it has an undeniable importance for successful project. The purpose of this study is to identify factors affecting project performance in preproject phase and to find empirically critical factors among them. After deriving 9 factors through literature review including clear project definition, project leader position, staffing efforts, preproject team expertise, preproject knowledge scope, preproject partnering, top-management support, resource sufficiency, and project climate, the study investigate the influence of those factors on project performance. The study results reveal that clear project definition, project climate, resource sufficiency, pre-project knowledge scope, project leader position have significant impact on project process satisfaction, a measure of project performance, but the other factors do not. Based on the empirical results, the study discuss academic and practical implications.

A Study of Project Characteristics and Project Performance Level of difficulty (건설 프로젝트 특성과 프로젝트 성과 난이도 도출에 관한 연구)

  • Cho, Young-Seon;Cha, Hee-Sung
    • Korean Journal of Construction Engineering and Management
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    • v.11 no.6
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    • pp.78-88
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    • 2010
  • Since the larger and complex construction projects are performed, project performance measurement is highlighting the importance to eliminate inefficiencies and plan to reasonable management practices. So many researchers are conducting research about the project critical sucess factor. But, these factors are mixed both management practices to improve performance and native project characteristics. Therefore performance measurement data couldn't apply to another project successfully. And the project characteristics affect project performance. But contractor couldn't change characteristics. This study provides a project characteristics's definition and classification. This study provides a quantitative level of performance improvement difficulty through out project manager survey. The contractor can estimate a level of performance difficulty through initial project information. With this, project contractor can more efficiently manage project.