• International conference on construction engineering and project management
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• 2015.10a
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• pp.600-601
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• 2015

Both the importance and process of estimating Nuclear-power plant construction time and cost have increased in significance as energy user costs themselves have become more significant. In estimating construction time, few parameters are more significant than work item production rates and factors significantly affecting the rates. A standardized data collection tool was used to acquire a total of 401 data points from a S Nuclear-power plant project, for selected critical works: form-work, rebar-work, and concrete-pouring. With the data, several hypothesized drivers of the man-hour production rates and crew-day production rates were also analyzed. Findings from this study will enable industry professionals to enhance accuracy of time and cost estimation for nuclear power plant construction.

• Korean Journal of Construction Engineering and Management
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• v.4 no.4 s.16
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• pp.192-200
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• 2003

The object of this research is to develop a computerized algorithm of cost estimation method to forecast the total construction cost in the bidding stage by the historical and elemental work cost data. Traditional cost models to prepare Bill of Quantities in the korea construction industry since 1970 are not helpful to forecast the project total cost in the bidding stage because the BOQ is always constant data according to the design factors of a particular project. On the contrary, statistical models can provide cost quicker and more reliable than traditional ones if the collected cost data are sufficient enough to analyze the trends of the variables. The estimation system considers non-deterministic methods which referred to as the 'Monte Carlo simulation. The method interprets cost data to generate a probabilistic distribution for total costs from the deficient elemental experience cost distribution.

• Korean Journal of Construction Engineering and Management
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• v.9 no.3
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• pp.65-74
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• 2008

Public institutions recognize the importance of cost management from the planning stage but they do not have an organized construction cost estimation and management system. Thus, at the stage of planning a new public construction project and estimating the cost, those in charge of budgeting estimate construction cost based on existing data and experiences, compare construction cost estimated after the basic design stage and the execution design stage with budgets, and then decide whether to continue the project or change the design according to the budgets. Therefore, we would develop the cost prediction model through regression analysis that can predict construction cost in Schematic Design Phase of the Public Multi-Family housing. Accordingly, if public institutions have a construction cost prediction model and management system that can estimate the optimum construction cost, they can make and execute budgets in a more efficient way than they do at present.

• International conference on construction engineering and project management
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• 2022.06a
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• pp.590-598
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• 2022

Benchmarking is an important tool to assess the performance of capital projects in the construction industry. Incorporating cost-related metrics into a benchmarking system requires an effective cost normalization process to enable meaningful comparisons among projects that were executed at different locations and times. Projects in the downstream and chemicals sector have unique characteristics compared to other types of construction projects, they require a distinctive cost normalization framework to be developed to benchmark their absolute cost performance. The purpose of this study is to develop such a framework to be used for the case of benchmarking the downstream and chemical projects for their performance assessment. The research team started with a review of existing cost normalization methodologies adopted in benchmarking systems and conducted 7 interviews to identify the current cost normalization practices used by industrial professionals. A panel of 12 experts was then convened and it held 6 review sessions to accomplish the framework development. The cost normalization framework for benchmarking downstream and chemical projects was established as a three-step procedure and it adopts a 4-element cost breakdown structure to accommodate projects submitted by both owners and contractors. It also incorporated 5 published cost indexes that are compatible with downstream and chemical projects and they were embedded into 2 options to complete the normalization process. The framework was then pilot-tested on 4 completed projects to validate its functional practicality and the downstream and chemical use case in the benchmarking system.

• Journal of the Korea Safety Management & Science
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• v.10 no.2
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• pp.133-141
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• 2008

The need for total enterprise management that covers from accepting orders, design, cost, procurement, manufacture, and delivery has been recently raised in order for efficient project management of small and medium size plant construction enterprises. This trend is reflected in the introduction of EPM(Enterprise Project Management) solutions by some shipbuilding enterprises and large construction corporations. In step with the trend, small and medium size plant construction enterprises are enabled to provide knowledge base in terms of reducing cost and production period and managing portfolio for accepting orders and attaining contract by inducing customized EPM This study presents a design of customized EPM based on a case study of a company. It exhibits a collaborative/collaboration resource-supply model which can be universally applied to small and medium size job-order production enterprises. The research discusses that under the assumption that information is shared internally between departments on planning, supply, manufacture, and quality control in order to create collaborative environment and close participation is created externally between suppliers and orderers, productivity can be improved in cost reduction through planning efficient collaborative supply model.

• 한국경영정보학회:학술대회논문집
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• 2007.06a
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• pp.1023-1029
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• 2007

우리는 국가 경쟁력의 한 분야인 사업관리에 있어 계획, 수행, 성과관리, 개선에 최적의 프로세스 보유가 요구된다. 그러나 Project관리체계의 현 실태는 일정관리, 범위관리, 비용관리에 초점을 맞춘 일정관리체계, WBS(Work Breakdown Structure) 및 OBS(Organizational Breakdown Structure)관리, 비용관리체계의 부분 통합 혹은 서로의 연계 정도이다. 본 연구는 최적의 사업관리를 위하여 계약관리에 체계공학을 연계하여 계약 전에 WBS, IMP/IMS(Integrated Master Plan)/(Integratcd Master Schedule), TPM(Technical Performance Measurement) 등의 SEP(Systems Engineering Plan)와 계약 후의 이행을 검증 할 수 있는 과정의 Guideline을 제시하고, IEEE 1220, ANSI/EIA 632 순기 의거 개념설계부터 통합시험에 이르는 체계공학 순기에 따른 비용예측이 가능한 USC(University of Southern CalIfornia) 대학의 COSYSMO (Constructive Systems Engineering Cost ModeI)를 소개하고 적용 가능성을 고찰하며, Project의 전순기에 걸쳐 TPM 혹은 Quality를 비용과 일정에 통합하여 관리하는 PBEV(Performance Based Earned Value)모델을 소개하고 적용 가능성을 제시한다. Project 관리에 있어 System 차원을 강조한 SE(Systems Engineering), 비용예측의 CM(Cost Management), 성과관리를 위한 EVM(Earned Value Management)의 통합은 사업 관리에 역량을 강화하며 경쟁력을 향상 시킬 수 있는 적절한 접근으로 사료된다.

• International Journal of Highway Engineering
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• v.18 no.3
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• pp.11-19
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• 2016

PURPOSES : This study supports the evidence that it is possible to rehabilitate a damaged pavement with a lane closure specifically based on the Gimcheon~Sunsan project. METHODS : The prediction results from the simulation programs were compared with field monitoring, which focused on traffic management planning, congestion (length, time, and passing speed), bypass, and user cost, among others. RESULTS : The research results showed that lane closure application and pavement repair of the aged pavement in Korea were possible, even though the prediction results were minimally different from the field monitoring. The road agency contributes to service life extension of the rehabilitated pavement using this method. CONCLUSIONS : A marginal effect caused by the lane closure was observed on travelling users or vehicles, and the user cost of pavement repair decreased. Therefore, introducing the repair method or rehabilitation in Korea is possible. Information dissemination through various media was properly done to execute the project well. Moreover, the construction area traffic utilized nearby alternative roads. Therefore, improving the repaired pavemen's service life while ensuring that the pavement management agency can provide a road with comfortable user riding quality was possible.

• Journal of Korea Society of Industrial Information Systems
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• v.19 no.3
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• pp.67-74
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• 2014

Over the last several decades, the United States has experienced a great number of natural disasters. To minimize the impact of the natural hazard events, the U.S. government spent a tremendous amount of money through federal assistant programs. To be eligible for the programs, a mitigation project must be cost effective (more benefits compared to project costs). However, the state and local communities suffering from the natural disasters generally have difficulty in collecting reliable evidence for their damages which can be converted later into benefits when a mitigation project is implemented. Therefore, this paper shows the process of conducting a benefit cost analysis with limited data. Besides, it also provides how to apply the limited data to the analysis through a case study. Consequently, this paper help state and local communities get funding from the federal government, which in turns will improve the image of construction industry by preventing people from natural disasters.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2014.05a
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• pp.308-309
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• 2014

A lot of very complex free-form buildings such as Seoul City Office and DDP(Dongdaemun Design Plaza) have been recently built nowadays in domestic. However, as construction methods and cost data are decided without enough discussion and collaboration with specialized subcontractors during design stage, construction quality problems and cost overrun of the free-form buildings are thus occurred during construction stage. Therefore design system and process or contract and ordering system should be developed participating the specialized subcontractors during design stage in order to perfect the free-form design and construction. Especially US has thus an effort to apply IPD(Integrated Project Delivery) system which can solve the problems of construction quality, productivity decrease and cost overrun by constructing the buildings based on exact drawings and collaboration as well as activating BIM(Building Information Modeling). Therefore this study reviews cases of the free-form buildings in domestic and then presents necessity review of IPD in domestic.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2006.11a
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• pp.111-116
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• 2006

The objective of this research is to develop an assesment system for BTL Project. A new method for the prediction of construction and maintenance cost in the educational facilities has been considered and under development by the authors. This paper explains the current BTL assesment method used by most local district office of education and lists its potential problems. Main conceptual modules in the new Assesment System are shown in this paper. Also, viable results of each module are discussed in this paper.