• Title/Summary/Keyword: Project benefits

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The Development of a Construction Project Collaboration System: eWorks21 (eWorks21: 건설프로젝트협업시스템의 개발)

  • 구상회;최성철
    • The Journal of Society for e-Business Studies
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    • v.6 no.3
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    • pp.149-161
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    • 2001
  • Construction and engineering is one of the world largest industry. Yet, it Is one of the most inefficiently operated industry. Since buildings are not constructed by mass production, construction projects usually require intense communication and collaboration between participants, who are usually widely dispersed. That is the main reason for the inefficiency. eWorks21 that we developed in this research, is a project management system that can improve communication and collaboration among project participants using the Internet. eWorks21 can reduce project life-cycle, costs, and increase revenue, resource utilization, controls, transparency, and competitiveness, which will eventually provide infrastructure for knowledge management of construction projects. In this research, we classified currently available project collaboration systems, and analyzed the benefits gained by using project collaboration systems. Then we describe the implementation of eWorks21, and discuss employment and utilization strategies of project collaboration systems.

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Development of Cost-Benefit Analysis Model for GIS Projects (GIS사업의 비용편익분석 모형개발)

  • Kim, Jung-Ok;Heo, Yong;Yu, Ki-Yun
    • Journal of Korean Society for Geospatial Information Science
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    • v.12 no.1 s.28
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    • pp.79-85
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    • 2004
  • The GIS(Geographic Information System) projects require big initial investment and cost of maintenance. Decision makers would not launch GIS projects unless they are convinced of the benefits of the projects. Therefore the purpose of this paper is to develop an appropriate model for GIS project evaluation. We proposed a GIS project evaluation model and summarize the steps involved in Cost-Benefit Analysis(CBA). The costs of a GIS implementation include hardware and software cost, costs of database development, training expenses, annual maintenance expenses, and other annual expenses. The benefit by using GIS has been assessed into Type I(direct benefits), Type II(indirect benefits), Type III(benefits that result from the sale of information services), Type IV(intangible benefits).

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ESTABLISHMENT OF DECISION MAKING FRAMEWORK FOR SUPPORTING COOPERATION AMONG STAKEHOLDERS IN MEGA PROJECT

  • Jee Hee Lee;June Seong Yi;Seung Woo Shin;Kyung Rog Park
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1288-1293
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    • 2009
  • Performing 'Mega Project' in which various stakeholders are involved is difficult to control due to the respective conflicting objectives. Urban regeneration which is being challenged issue in various ways can be defined as the mega project. Since the mega project like urban regeneration a long-continued project and includes a lot of participants whose benefits conflict, cooperation among stakeholders is essential. Moreover, as the project goes, diverse decision making situations which require collaboration happen, and if proper decision making cannot be given at that time, the whole project would have critical effects. Also, since each activity concerns numerous stakeholders, prompt decision making is difficult in the mega project. Therefore, the objective of this study is to support stakeholder's cooperative decision making in order for conducting successful project. For the purpose of the paper, the concept of cooperation in mega project is redefined and a cooperative decision making framework is suggested. Also, the term of governance, which means cooperative mechanism based on the mutual trust, information sharing and partnership, is applied to the newly defined cooperation. The suggested cooperative decision making framework contains the structure of stakeholders in urban regeneration project which enables participants to understand the relationship among bodies and checklists for supporting decision making appropriately. The application of the framework proposed in this research is expected to contribute subjects' suitable decision making by providing proper information in a timely manner.

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A Study on the National GIS (NGIS I) Project in Korea

  • Oh, Jong-Woo
    • 한국디지털정책학회:학술대회논문집
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    • 2004.11a
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    • pp.449-453
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    • 2004
  • GIS can be used on almost entire fields of the world, such as the national land management, environmental management, disaster management, enterprise activities, and general lives. GIS is called as an infrastructure of the knowledge information on the cultural society. For insuring the national power on the periods of the unlimited competition, it is very important to establish the national information infrastructure. Purpose of the NGIS project I is to development on living benefits of peoplethrough an efficiency of policy and rationalism of planning. In order to achievement of this purpose, the NGIS project I has been established using the national geographic information base planning. The NGIS project I consists of the master management part, the geographic information part, the technique development part, the standardization part, and the land Information part. These five GIS project parts are operated by four governmental ministers and related institutions, such as minister of transportation and construction, minister of science and technology, minister of information and communication, minister of administrative and home affaires. The NGIS I project is to establishment of the nation spatial information systems, such as various nationwide digital maps, GIS technique development, GIS education, GIS standardization, and GIS researches.

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Optimal Implementation of the Value Management Processes for Capital Facility Projects (건설산업에서의 가치경영 프로세스 효율적 활용 방안)

  • Cha, Hee-Sung
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2004.11a
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    • pp.89-94
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    • 2004
  • Many innovative management processes, which are also termed as best practices or value improving practice, have been proven to successfully improve the value of capital facility projects. With a lack of any guidance on how to implement the most suitable value management process for a particular project, the objective of this paper is to facilitate the VMP implementation. A CII (Construction Industry Institute)'s recent study, titled as 'Development of the Value Management Toolkit,' encompasses a comprehensive structure of value management and provides a new methodology in optimizing the implementation of the value management processes in order to leverage the unique project circumstances, such as project objectives, resource availability, and site limitations, etc. As a pioneering study, the findings contribute to the expedition of implementing value management processes in the industry and maximize the potential benefits in applying the most benefiical value management process for a particular capital facility project.

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An Economic Analysis of the Marine Afforestation Project in Gangneung Region, Republic of Korea (바다숲 조성사업의 경제적 효과 분석 : 강릉 주문진 바다숲 조성사업을 대상으로)

  • PARK, Kyung-Il;HONG, Hye-Su;KIM, Do-Hoon
    • Journal of Fisheries and Marine Sciences Education
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    • v.28 no.3
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    • pp.727-737
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    • 2016
  • This study is aimed to analyze the economic effectiveness (direct fishing income effect) of the marine afforestation project in Gangneung region. Based on the surveyed data, the production values and costs of the marine afforestation project are estimated and compared to determine the economic validity of the marine afforestation project. Results show that the B/C ratio, as an indicator of economic evaluation, is 1.30 with an interest rate of 5.5%, indicating that the marine afforestation project in Gangneung region would be economically feasible under the current production and market conditions. However, it is expected that the economic effectiveness would be increased when considering benefits of recreational fishing and greenhouse gas reduction from the marine afforestation project.

Stochastic Project Scheduling Simulation System (SPSS III)

  • Lee Dong-Eun
    • Korean Journal of Construction Engineering and Management
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    • v.6 no.1 s.23
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    • pp.73-79
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    • 2005
  • This paper, introduces a Stochastic Project Scheduling Simulation system (SPSS III) developed by the author to predict a project completion probability in a certain time. The system integrates deterministic CPM, probabilistic PERT, and stochastic Discrete Event Simulation (DES) scheduling methods into one system. It implements automated statistical analysis methods for computing the minimum number of simulation runs, the significance of the difference between independent simulations, and the confidence interval for the mean project duration as well as sensitivity analysis method in What-if analyzer component. The SPSS 111 gives the several benefits to researchers in that it (1) complements PERT and Monte Carlo simulation by using stochastic activity durations via a web based JAVA simulation over the Internet, (2) provides a way to model a project network having different probability distribution functions, (3) implements statistical analyses method which enable to produce a reliable prediction of the probability of completing a project in a specified time, and (4) allows researchers to compare the outcome of CPM, PERT and DES under different variability or skewness in the activity duration data.

Assessing the Benefits of Water Quality Improvements Using Contingent Valuation Method: Case Study of the Kumgang Area (가상 가치 접근법을 이용한 수질 개선 사업의 편익 측정: 금강 유역 사례)

  • Cho, Hong-Jin;Lee, Byoung-Nam;Kim, Ji-Soo
    • IE interfaces
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    • v.11 no.3
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    • pp.209-218
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    • 1998
  • This paper is concerned with the assessment of benefits from water quality improvements. The contingent valuation method (CVM) is employed to directly measure the value of the project for the improvement of the water pollution in the Kumgang area. The perceived value of the improved water quality is investigated by using questionnaires to those concerned living near water-polluted area. The questionnaire includes such questions as the amount to willingly pay, the motivation to pay, the reasons of rejecting the payment, and some socio-economic data. The results of the survey show that (1) non-use value of the environmental goods is perceived to be more important than use-value of the environmental goods; (2) "willingness to pay" for the improved water quality varies according to the degree of educational level. income level and ages; (3) the resistance to pay for the project comes from the "polluter's pay principle".

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Analyzing Recovered Effects of Marine Contaminated Sediment Cleanup Project on Fisheries Resources (해양오염 퇴적물 정화사업의 어업자원회복 및 수산물 소비회복효과분석)

  • Pyo, Hee-Dong
    • The Journal of Fisheries Business Administration
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    • v.40 no.3
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    • pp.29-49
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    • 2009
  • There are various types of predictable economic benefits to restoring beneficial uses from contaminated marine sediment cleanup. These benefits can be derived from reduction in aquatic animals died or infected, increase in their consumption recovery, increase in tourism including recreational fishing, reduction in human health risk, increase in amenity and aesthetics, increase in ecosystem integrity, and so on. The paper focuses on estimating the net increase in value for producers and consumers from producing and consuming those fish due to the pollution reduction of marine contaminated cleanup project. Almost Ideal Demand System(AIDS) is employed for estimate of the demand for fish, and the production cost function for fish are determined using market data. The result shows 10.8 billion won per year for economic surplus to the net increase for producers and consumers.

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CONSTRUCTABILITY REVIEWS: A STRATEGIC PROCESS IN DESIGN DEVELOPMENT

  • Patrick T.I. Lam;Franky W.H. Wong
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.1-8
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    • 2007
  • Construction designs are often produced with insufficient considerations on the constructability aspects. Poor constructability has resulted in delay, cost increase, disputes, safety hazards and inconvenience to the public. Increasingly, there has been a call for more systematic input of construction knowledge in the planning and design processes of modern day's infrastructure development. In some countries, notably the US, the practice of constructability reviews is on the rise, with concomitant benefits. It is advocated that construction plans and designs be subject to constructability reviews as early as possible. It should be made part of the project management strategy driven by the client. This paper outlines the constructability review process and benefits, whilst drawing lessons from a number of case studies.

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