• Title/Summary/Keyword: Project cost

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A Study on the Cost Impact of Additional Construction as Rating G-SEED Certification of Medium-Sized Office Buildings in Korea - Based on G-SEED 2016-2(Effective September 1, 2018) - (국내 중규모 업무용 건물의 녹색건축인증 등급별 추가공사 비용 영향에 관한 연구 - G-SEED 2016-2 기준으로(2018년 9월 1일 시행) -)

  • Lee, Du-Hwan;Kim, Jae-Moon
    • Journal of the Architectural Institute of Korea Structure & Construction
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    • v.35 no.10
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    • pp.225-234
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    • 2019
  • The purpose of this paper is to analyze the additional construction cost of G-SEED certification for domestic office building reflecting the latest standard(G-SEED 2016-2), and to derive cost impact by category and level. Therefore, it is intended to provide quantitave cost data according to G-SEED certification at the planning phase of the project, estimate the additional construction cost per level according to G-SEED Certification of similar project to be carried out in the future, and encourage G-SEED certification by supporting the decision of the owners. Method: The Process and method of this study are summarized in five steps, 1) Review of previous research, 2) Selection of target project, 3) Scenario setting by level, 4) Additional construction cost for each evaluation category, 5) Extraction of additional construction cost ratio by level. Result: This paper analyzed the cost impact by deriving the additional construction cost of detailed category for level improvement according to the revised G-SEED certification(G-SEED 2016-2). In conclusion, an additional construction cost(ratio) of G-SEED projects to the reference building is drawn as good level; 157,426,241 KWN(+0.43%), very good level; 321,907,802 KWN(+0.88%), excellent level; 999,371,478 KWN(+2.74%), and outstanding level; 1,467,047,718 KWN(+4.02%).

A Study on Feasibility Analysis of Sewer Rehabilitation (하수관거 정비사업의 타당성 분석에 관한 연구)

  • Han, Ihnsup;Chang, Daehwan;Woo, Byungha;Lim, Chulhwan
    • Journal of Korean Society of Water and Wastewater
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    • v.23 no.1
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    • pp.89-96
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    • 2009
  • Feasibility which is complimented before Social Overhead Capital Project and National Policy Project is analyzed by economic and political benefits. The projects will be performed if the benefits are bigger than the project cost. In this study, feasibility was examined at various viewpoints on sewer rehabilitation projects implemented with private capitals. To achieve the feasibility analysis, the B/C (Benefit/Cost Ratio), IRR (Internal Rate of Return) and the returns ratio of the Build Transfer Lease project implemented in 2007 at W city were estimated. At the same time, the correlation with B/C and benefit sensitivity of concessionary rate fluctuation were analyzed to evaluate the efficiency and feasibility of the seven sewer rehabilitation projects promoted by a local autonomous entity.

Scenario Planning and Risk Failure Mode Effect and Analysis (RFMEA) based Management

  • Paul, Virendra Kumar;Basu, Chaitali
    • Journal of Construction Engineering and Project Management
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    • v.6 no.2
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    • pp.24-29
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    • 2016
  • This paper elaborates the significance of scenario planning in risk management, and presents an integrated approach which takes into account the 'Risk Events' derived from scenario planning for risk prioritisation. This research integrates scenario planning with Risk Failure Mode and Effect Analysis (RFMEA) through examples from construction litigations of project schedule and cost overrun cases as a simplified approach to project risk management. The proposed methodology incorporates scenarios developed from realistic events of dispute and arbitration cases from construction projects, and thereby increasing potential to foresee risks and their effects well in advance. The results from this methodology shall be validated against outcome of survey study conducted by KPMG-PMI (2013) on project schedule and cost overruns that was based on Ministry of Statistics and Programme Implementation (MoSPI) Project Monitoring data for 2012-13.

Requiremental Function Method based Owner's Requirement in VE Process Application at Planning Stage (기획단계 발주자 요구사항 기반 Requiremental Function Method VE 적용)

  • Park, In-Ji;Son, Myung-Jin;Hyun, Chang-Taek
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2012.05a
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    • pp.123-125
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    • 2012
  • It is the important accurately to identify the needs of our customers in order to success the project. Requirements in the early stages of business is very abstract or not quantitative, and that will cause problems such as cost or schedule changes. Particularly many people are likely to prefer the early stages of the project, because the time of applying VE related cost savings is important. Owner's requirement analysis for project success in the VE process does not easy, and specific ongoing management of the requirement is difficult. Therefore, the analysis and the application of owner's requirements is limited in project process. The purpose of this study is proposed to the RFM technique to supplement the functional analysis on the basis owner's requirements analysis in planning a building project.

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Stakeholders' Perception of the Causes and Effects of Construction Delays on Project Delivery

  • Akinsiku, Olusegun Emmanuel;Akinsulire, Akintunde
    • Journal of Construction Engineering and Project Management
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    • v.2 no.4
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    • pp.25-31
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    • 2012
  • The growing rate of delays is adversely affecting the timely delivery of construction projects. This study therefore assesses construction stakeholders' perception of the causes of delays and its effects on project delivery in a bid to proffer solution in minimizing the occurrences of delays. Questionnaire was used to elicit responses from construction stakeholders; a total of thirty three causes of delays, seventeen resultant effects of delays and fifteen methods of minimizing construction delays were identified for the study based on literature reviews. The results suggest that client's cash flow related problems are the main causes of delays while time and cost overruns are the major identifiable effects of delays in construction projects. However, adequate project planning and budgeting were suggested as possible ways of minimizing the occurrences of delays.

A Study of Factors Influencing the Price of ERP System in its Implementation (ERP 시스템 가격산정에 영향을 주는 변수에 관한 연구)

  • 이재정
    • The Journal of Information Systems
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    • v.12 no.1
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    • pp.1-17
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    • 2003
  • ERP is a topic of currency in MIS circle. Numerous organization have developed their information systems using many kinds of ERP packages such as Oracle, SAP R/3, uniERP, etc. However, the pricing methodology of ERP systems is not yet established in a proper way. This paper attempts to investigate factors influencing the price of ERP system. Thirty eight ERP consulting firms participated in this research project. Based on the data from ERP consulting firms, price of ERP systems basically consist of package cost, consulting fee, and customizing expense. The results of this research project are finding factors affecting above three parts that consist price of ERP system. This paper found that factors influencing package price are number of modules, number of users, the degree of package reliability. The factors affecting consulting fee are the degree of project specialty, level of consultants. Finally the factors influencing customizing cost are the degree of project difficulty, project time.

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A Descriptive Analysis of Project Participants' Perception about Complaint in Public Construction Projects

  • Lee, Changjun;Lee, Ju-Hui;Yun, Sungmin;Han, Seung Heon
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.111-118
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    • 2022
  • Conflicts in public construction projects become more serious and complex so that they have a negative effect on performance of projecets. Conflicts in public construction projects are defined as expanding in complaints. This study analyzes the relationship structure and effect on performance between complaints and conflicts. First of all, 219 survey data collected from industry experts were used to derive complaints arising from the project and to understand the characteristics of each complaint. In the case of environmental damages, rather than environmental damage during construction, harmful substances or effects that can occur in completed facilities cause complaints from local residents, and opposition from environmental groups has a great effect on time and cost increase. As for safety damage, civil complaints related to prevention and countermeasures for safety accidents occur frequently, and additional construction affects cost increases. Through this study, it is possible to understand the serious complaints that are prone to conflict in public construction projects, their frequency, and the performance of the project.

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Methods of Reviewing Constructability of Nuclear Power Plants Utilizing a Data-based Technology

  • Kim, Woo Joong;Lim, Byung Ki;Byon, SuJin
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.147-149
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    • 2015
  • A nuclear power plant construction project normally involves a large construction work of which the total project cost is over 5 trillion Won, Such a large-scale construction project has the risks of schedule delay and quality degradation due to increase in project cost, because designs are changed due to design errors. The reasons for design changes during installation are 1) insufficient engineering capability of the owner, 2) information discontinuance due to the multiple package method, and 3) inefficient constructability review processes. Accordingly, this study proposes, through problem analysis, a method of developing a constructability review system that utilizes constructability review processes and a data-based technology (3D modeling) that are optimized for nuclear power plant construction projects. It also presents a method of establishing a system for reviewing constructability in which constructability review processes and a Database (3D model, Schedule, Design change Items) are linked each other.

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Suggestion and Verification of Assessment model on Construction-Cost of Steel Bridge in Project Performance Phases

  • Kab-Soo Kyung;Hye-Yeon Park;Sin-Hwa Kang;Eun-Kyoung Jeon
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.606-615
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    • 2009
  • Estimating the reasonable construction-cost according to the construction phase in public construction is an important element for securing and executing a national budget efficiently. As a general rule, the predetermined cost of construction is estimated at the end of the design of the target structure. Therefore, it seems to be a considerably difficult problem to estimate the approximate cost of construction, only with its basic information of the bridge in the design planning phase and the early design stage where we can not have specific detailed-section of the target structure. In this paper, we present the calculation of construction-cost in the planning phase based on the analysis of factors affecting the cost of construction conducted in the previous study. Beside, to estimate the cost of construction in early design phase, we would like to present the calculation of construction-cost in the early design phase by executing the analysis of data collected from 61 steel box bridges. It was found from the result of study that the estimated cost of construction gained by the calculation of construction-cost in this paper reduces the error between the real cost of construction and that by the existing method of using.

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Barriers to Success of Project Management (프로젝트 관리의 성공에 영향을 미치는 장애요인)

  • Lee, A-yeon;Moon, Kyung-mi;Kim, Seung-chul
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.43 no.3
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    • pp.179-190
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    • 2020
  • As the business environment is rapidly changing with globalization and complexity of information flows, the uncertainty is also very increased for project environment. Although many studies have been conducted to find out the critical factors for project success, there still exist different views to define project success. Furthermore, implementing success formula for one project does not necessarily guarantee a success for another project since there are other elements that impede the success of project. In this regards, it is imperative to examine what are the barriers to project success. This study aims to examine the barriers that impede the success of project. Past literature was thoroughly reviewed to collect and develop a preliminary list of elements that affected project performance negatively. Experts were interviewed to refine the list and the final list of the measurement items were developed. A survey questionnaire was developed with the final list of measurement items, and a survey was conducted on the practitioners with project experience. After the survey, an exploratory factor analysis was conducted on the final list to extract the component dimensions which in turn formed the group of project barriers. The exploratory factor analysis provided ten factors, which are difficulty of process management, failure of project feasibility analysis, cost overruns and lack of cost benefits, unclarity project plan, strategic consistency error, stakeholder conflict, inaccuracy of requirement definition, disturbance of communication, technical environment change, negative attitude of top management.