• Title/Summary/Keyword: Project Schedule

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Project Schedule Risk Assessment Based on Bayesian Nets (베이지안넷 기반의 프로젝트 일정리스크 평가)

  • Sung, Hongsuk;Park, Chulsoon
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.39 no.1
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    • pp.9-16
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    • 2016
  • The project schedule risk in the engineering and facility construction industry is increasingly considered as important management factor because the risks in terms of schedule or deadline may significantly affect the project cost. Especially, the project-based operating companies attempt to find the best estimate of the project completion time for use at their proposals, and therefore, usually have much interest in accurate estimation of the duration of the projects. In general, the management of projects schedule risk is achieved by modeling project schedule with PERT/CPM techniques, and then performing risk assessment with simulation such as Monte-Carlo simulation method. However, since these approaches require the accumulated executional data, which are not usually available in project-based operating company, and, further, they cannot reflect various schedule constraints, which usually are met during the project execution, the project managers have difficulty in preparing for the project risks in advance of their occurrence in the project execution. As these constraints may affect time and cost which role as the crucial evaluation factors to the quality of the project result, they must be identified and described in advance of their occurrence in the project management. This paper proposes a Bayesian Net based methodology for estimating project schedule risk by identifying and enforcing the project risks and its response plan which may occur in storage tank engineering and construction project environment. First, we translated the schedule network with the project risks and its response plan into Bayesian Net. Second, we analyzed the integrated Bayesian Net and suggested an estimate of project schedule risk with simulation approach. Finally, we applied our approach to a storage tank construction project to validate its feasibility.

Research of Schedule Managing and Forecasting for Project Progress Method in Defense Research & Development using Earned Schedule Concept (Earned Schedule 개념을 활용한 국방 연구개발 사업진도 기법의 일정 관리 및 예측 기능 연구)

  • Cho, Jungho;Ryu, Sangchul;Lim, Jaesung
    • Journal of the Korea Institute of Military Science and Technology
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    • v.22 no.4
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    • pp.567-574
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    • 2019
  • Traditional project progress method(PPM) has been used for Korean defense research and development project management for the last 20 years. However, it is difficult to intuitively understand the performance in terms of the project schedule, because the PPM does not provide the function of managing and forecasting project schedule. Therefore, this paper proposes new schedule managing and forecasting function for the PPM using earned schedule management concept. We verify the effectiveness of the proposed functions through several defense projects and prove that it is possible to reinforce the schedule management function of the PPM.

Cost and Schedule Analysis of Highway Projects based on Project Types

  • Shrestha, Bandana;Shrestha, Pramen P.
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.50-56
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    • 2022
  • Change Orders generally impact cost and schedule performance of highway projects. However, highway projects that do not have any change orders also face cost growth and schedule delays. This study seeks to determine the cost and schedule performance of Texas DOT projects by collecting project data for 120 highway projects completed between 2016 to 2020. For the study, we selected project data that has zero or negative change orders which were then grouped and analyzed based on their Project Types i.e., maintenance works; structural works; restoration and rehabilitation works; and safety works. The study found that performance of Maintenance and Safety type projects had less cost and schedule growth among the data analyzed. Statistical tests also found that even though the projects have no change orders, Rehabilitation and Restoration type projects experienced significant schedule growth compared to others. However, the data did not show any significant cost and schedule growth for the projects when statistical tests were performed on overall data. The study concluded that highway projects are experiencing schedule growth even though the projects had no change orders. Results from the study can help planners, engineers, and administrators to gain better insight on how different types of highway projects are performing in terms of cost and schedule and eventually derive appropriate solutions to minimize cost and schedule growth in such projects.

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Schedule Management for Green Building Projects in Singapore: Schedule Delay, Causal Factors and Solutions

  • Hwang, Bon-Gang;Zhao, Xianbo;Leong, Lay Peng
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.527-531
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    • 2015
  • With the mounting concerns over environmental issues, green construction is gaining a place in the global construction industry. However, rare research has been conducted to analyze green construction projects, especially in the aspect of project schedule performance. As a result, this study aims to investigate the degree of project delay in green building construction, analyze the factors affecting schedule delay of green building projects, and finally provide recommendations to improve schedule performance of green building project. To achieve the objectives, a comprehensive literature review was carried out, followed by a survey conducted with 30 companies that provided data from 220 traditional and 96 green building projects. The analysis of the responses identified that 15.9% of the traditional building projects were delayed while 32.3% of the green building projects were completed behind schedule. Furthermore, the amount of the delays in green building projects was an average of 4.8% of their planned schedule. The top 5 critical factors that can cause delay in green building projects were identified as: (1) speed of decision-making by clients; (2) speed of decision-making involving all project teams; (3) communication/coordination between key parties; (4) level of experience of consultants; and (5) difficulties in contractors' project financing. Lastly, a list of recommendations was introduced, aiming to reduce schedule delay in green building construction projects based on the observations. This study will serve as s a base for further research on the enhancement of green building project schedule performance.

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A Study of Construction Duration Predicting Method for Mega Project (메가프로젝트 사업초기단계 사업기간 예측 방법에 관한 연구)

  • Woo, Yu-Mi;Lee, Seung-Hoon;Lee, Hei-Duck;Seo, Yuong-Chil
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2008.11a
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    • pp.597-600
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    • 2008
  • Recently, Several Mega project are been performing as a multi-dimensional development project in Korea, but some problem has been revealed about deficiency of the history, experience, and skill. A multi-dimensional development project require the technology which can manage mega project to its specific at the level of program management. predicting schedule and schedule management are the most important for mega project, been performing over several years. This research shows the method of predicting and planning schedule in the early stage as a pre-study on developing a technology of schedule management. First of all, it presents the development of database considering the specific of mega project that can accumulate the history of schedule and search the schedule according to the type of single and multi building. Also it suggests the method of prediction schedule by creating scenarios according to owner requirements and cash flow, affecting schedule management in the early stage, and the shortening possibility of schedule duration using CCPM theory.

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AN EXAMPLE OF REPRESENTING THREE LEVEL'S SCHEDULES WITHIN SCHEDULE HIERARCHY BY BDM TECHNIQUE

  • Seon-Gyoo Kim
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.445-452
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    • 2011
  • The schedule hierarchy in construction project is generally composed of three levels. The highest level is a milestone schedule and represented by Bar Chart format. The middle level is an integrated project schedule (IPS) and represented by CPM (Critical Path Method) format. The lowest level is a detail working schedule and usually represented by Bar Chart. The traditional scheduling techniques such as ADM (Arrow Diagramming Method) or PDM (Precedence Diagramming Method) cannot represent all kinds of schedule within schedule hierarchy as identical schedule format. However, the BDM (Beeline Diagramming Method) technique can represent all kinds of schedule within schedule hierarchy as identical CPM format. This paper describes the basic concept, principle, interpretation methods, and schedule computation methods of the BDM as a new networking technique that can represent all kinds of overlapping relationships between activities, and then presents an example of representing three level's schedules within schedule hierarchy by the BDM technique.

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Research on Improving Schedule Forecasting Method for Delayed Defense Research & Development Project (지연된 국방 연구개발 프로젝트의 일정 예측방식 개선 연구)

  • Cho, Jungho;Lim, Jaesung
    • Journal of the Korea Institute of Military Science and Technology
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    • v.23 no.3
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    • pp.286-293
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    • 2020
  • Since Dr. Lipke announces earned schedule management(ESM) in 2002, it has been used in project management to make up for the insufficient schedule management function of earned value management technique. However, it is difficult to accurately forecast the schedule of delayed defense research and development(R&D) projects with the ESM technique. Therefore, this paper proposes a new schedule forecasting method considering the progress of delayed work in ESM technique. This concept can also be adopted to the traditional project progress management (PPM) technique. We verify the effectiveness of the proposed concept through several defense R&D projects and prove that it is possible to supplement the schedule forecasting of the ESM and PPM technique.

A BLOG BASED RISK MANAGEMENT SYSTEM USING SOFT SCHEDULE

  • Soo-Myeong Jin;You-Sang Yoon;Myung-Houn Jang;Sang-Wook Suh
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1334-1339
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    • 2009
  • To achieve the best performance of a project, uncertainties involved in the building construction process need to be identified in the planning phase of the project. Uncertainties seldom create a positive impact on construction project, but they almost cause delay and increase costs. Therefore, risk management plays a significant role in construction to minimize risk occurred due to uncertainties of a project. Although the importance of the risk management has been known to the construction industry, it is not enough to be developed to meet the demands of the industry. It has not been enough for Systems to control schedule risks for managers in the field. Therefore, a tool is necessary to efficiently control risks. The propose of this study is to invent Schedule Risk Control System Module to prepare for risks in preconstruction phase.

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A study on a schedule-cost analysis model for defense R&D project planning (국방 R&D프로젝트의 일정-비용분석모델의 연구)

  • 황홍석;류정철;정덕길
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 1996.04a
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    • pp.213-216
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    • 1996
  • R'||'&'||'D project management is a process of decisions concerned with the achievement of goals of objectives. Especially, defense R'||'&'||'D project planning is the key in the successfull management of defense development. The defense project managers are constantly having to perform "what if\ulcorner" exercise, such as what if the project is extended out for an additional cost\ulcorner In this reserch, we developed a schedule-cost analysis model based upon Critical Path Method(CPM) and Venture Evaluation and Review Technique(VERT) for schedule-cost trade off analysis defense R'||'&'||'D projects. In the first step, a deterministic model is developed as a heuristic which deterministic model is developed as a heuristic which determines the schedule extension and reduction cost as a function desired schedule. In the second step, a stochastic network simulation model is developed to analyse the project risk (sucess and failure). The expected time and cost can be determined for desired schedule under the assumptions of stochastic arc data (time and cost) with a various precedence relationships. This model provides the defense R'||'&'||'D managers with an estimated and expected cost for curtailing or extending a project a given amount of time. The effectiveness and efficiency of the proposed methods, a heuristic and stochastic networks simulations, have been demonstrated through examples.

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A Study on the Systems Engineering Detailed Schedule for LRT Project (경량전철사업의 시스템엔지니어링활동을 위한 상세일정계획 작성방법 연구)

  • Han, Seok Youn;Kim, Joo Uk;Choi, Yo Chul;Kang, Do Hoon
    • Journal of the Korean Society of Systems Engineering
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    • v.8 no.2
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    • pp.11-17
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    • 2012
  • Suppliers in light rail transit project makes a systems engineering management plan(SEMP) as a top level plan which has a SEMS and SEDS as an control and monitoring means. In this paper, we analyze the international standards and some related documents, and present the directions to make the SEMS and SEDS which have WBS, accomplishments, schedule, events, person in charge. And then customize the project management tool and make SEMS and SEDS of LRT project as an example. The research results can be applied in LRT project after tailoring based on the project.