• Title/Summary/Keyword: Project cost

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Development of Maintenance Management System Module in BTL Project for Educational Facilities (교육시설물 BTL 사업의 유지관리 시스템 모듈 개발)

  • Lee, Eun-Dong;Son, Jae-Ho;Kim, Jae-On
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.5
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    • pp.132-141
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    • 2007
  • According to the public information of the Ministry of Education & Human Resources Development, the construction project of educational facilities from 2005 to 2007 will use BTL (Build-Transfer-Lease) contract. Budget of those projects will be the worth over 13 trillion won. In this research, the estimation standards for the public health maintenance expenses are established which is the part of the operation and maintenance cost in the total BTL project cost. Also, a system core module using the developed standard was introduced in this paper. A comparative analyses were conducted with the several possible estimation case to validate the system developed.

Cradle to Gate Emissions Modeling for Scheduling of Construction Projects

  • Sharma, Achintyamugdha;Deka, Priyanka;Jois, Goutam;Jois, Umesh;Tang, Pei
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.975-983
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    • 2022
  • This paper presents an innovative way of integrating scheduling and project controls with the environmental impact of a construction project to track, monitor, and manage environmental emissions at the activity level. As a starting point, scheduling and project controls help monitor the status of a project to provide an assessment of the duration and sequence of activities. Additionally, project schedules can also reflect resource allocation and costs associated with various phases of a construction project. Owners, contractors and construction managers closely monitor tasks or activities on the critical path(s) and/or longest path(s) calculated through network based scheduling techniques. However, existing industry practices do not take into account environmental impact associated with each activity during the life cycle of a project. Although the environmental impact of a project may be tracked in various ways, that tracking is not tied to the project schedule and, as such, generally is not updated when schedules are revised. In this research, a Cradle to Gate approach is used to estimate environmental emissions associated with each activity of a sample project schedule. The research group has also investigated the potential determination of scenarios of lowest environmental emissions, just as project managers currently determine scenarios with lowest cost or time. This methodology can be scaled up for future work to develop a library of unit emissions associated with commonly used construction materials and equipment. This will be helpful for project owners, contractors, and construction managers to monitor, manage, and reduce the carbon footprint associated with various projects.

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Factors Clustering Approach to Parametric Cost Estimates And OLAP Driver

  • JaeHo, Cho;BoSik, Son;JaeYoul, Chun
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.707-716
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    • 2009
  • The role of cost modeller is to facilitate the design process by systematic application of cost factors so as to maintain a sensible and economic relationship between cost, quantity, utility and appearance which thus helps in achieving the client's requirements within an agreed budget. There are a number of research on cost estimates in the early design stage based on the improvement of accuracy or impact factors. It is common knowledge that cost estimates are undertaken progressively throughout the design stage and make use of the information that is available at each phase, through the related research up to now. In addition, Cost estimates in the early design stage shall analyze the information under the various kinds of precondition before reaching the more developed design because a design can be modified and changed in all process depending on clients' requirements. Parametric cost estimating models have been adopted to support decision making in a changeable environment, in the early design stage. These models are using a similar instance or a pattern of historical case to be constituted in project information, geographic design features, relevant data to quantity or cost, etc. OLAP technique analyzes a subject data by multi-dimensional points of view; it supports query, analysis, comparison of required information by diverse queries. OLAP's data structure matches well with multiview-analysis framework. Accordingly, this study implements multi-dimensional information system for case based quantity data related to design information that is utilizing OLAP's technology, and then analyzes impact factors of quantity by the design criteria or parameter of the same meaning. On the basis of given factors examined above, this study will generate the rules on quantity measure and produce resemblance class using clustering of data mining. These sorts of knowledge-base consist of a set of classified data as group patterns, of which will be appropriate stand on the parametric cost estimating method.

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Elicitation Project Management Factors and Evaluation of its Weight to Ensure LNG Plant Success (LNG 플랜트 사업관리 요소 도출 및 중요도 평가)

  • Han, Jae-Goo;Chin, Kyung-Ho;Park, Hwan-Pyo
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2010.05b
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    • pp.85-89
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    • 2010
  • The propose of this research is derive project management factors and evaluate its decision weight in LNG plant EPC phases. In order to research, we studied the demestic and international research trend and analysed expert opinions. Initially we derived nine project management factors in each phase of EPC. Elicited factors in research are project management, design management, cost management, time management, contract and craim management, safety management, environment management, and risk management. Then, we evaluated the weight of project management factors with expert survey method and elicitated. Finally, The remarkable points in the result are that key management factors of EPC project are project management and risk management.

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Development of Project Management Index to Improve Defense Project Management Capabilities (국방 사업관리 능력 향상을 위한 사업관리지수 개발)

  • Han, Hong-Kyu;Choi, Seok-Cheol
    • Journal of the Korea Institute of Military Science and Technology
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    • v.13 no.5
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    • pp.831-840
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    • 2010
  • The management systems of defense projects need to be well-maintained because of huge cost and long-terms of acquisition & operation in conducting defense acquisition. In this paper, we use a structural equation model(SEM) to develop an project management index(PMI) for effective defense project. The concept of a customer satisfaction index is used to assess the PMI for strategic improvement plans for various characteristics of project management. It is expected that our model can be used to evaluate and improve the project management capability of defense acquisition.

PROJECT COMPLEXITY AS A MODERATOR OF PERFORMANCE BIAS TOWARDS OVERRUN

  • Li liu;Andrew Nguyen;James Arvanitakis
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.38-45
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    • 2011
  • Studies have shown that infrastructure projects have continued to experience significant delays and cost overrun over an extended period of time and no evidence of learning ever have happened [1] [2]. Various causes contribute to the bias towards overrun [3]. This study contributes to literature by developing and subsequently validating a set of hypothesized relationships between project complexity and project performance. The results show that project complexity is associated with both the magnitude and variance of overrun. Further, the extent and magnitude of the positive bias towards overrun are moderated by project complexity.

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A Study on how to Associate the Attribute of Procurement and the Calculated Material Requirement by Integrating Schedule and Cost (비용${\cdot}$일정 통합관리를 이용한 자원소요량산출과 발주속성 연계에 관한 연구)

  • Song Young-Woong;Choi Yoon-Ki
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.498-503
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    • 2002
  • Connecting with cost, schedule, and quality in a construction project, resource management is one of the essential management elements. However, the material requirement planning is built at the beginning stage of construction and needs various concerned factors, it is limited to build the resource management planning on enterprise level. The disconnected communication among managements makes impossible to control historical data. In the construction project control system, the core of management elements is to manage cost and schedule information, therefore material requirement planning should be established based on historical data about EVM which is intergating schedule and cost. In this study, a resource management system concerning material requirement planning and attribute of procurement is suggested by connecting the historical data of EVM and the material requirement planning.

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A Study Of the Construction Management Applied to BAT Korea Factory Construction Project in Korea (BAT Korea Factory 건설 프로젝트의 CM 적용사례 연구 - Cost Management 사례를 중심으로 -)

  • Kim Duk-Kon;Kwon O-Kyung;Kim Jong-Hoon
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.48-57
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    • 2003
  • BAT Korea's Factory is the one of the major projects that clearly confirms and demonstrates that Construction Management (CM), provided by a Korean CM Company to the foreign clients, enables them to successfully complete projects; with savings in time and reduction in cost, which it is $15\%$ lower than the cost of the overseas construction. Also, throughout the thorough schedule management, it was possible to commence with manufacturing one month after the completion date. The Key Success Factors was generated by the excellent construction management skills, and more importantly by the confidence gained by the client in giving a CM company full authority for the construction management of the project. This study has focus on elements of construction management applied to this project throughout the concept of 'One Stop Shop', including cost managements, contract management and value engineering etc. We hope that this study will provide useful data to enable public clients to take advantages of construction management, in a similar way to. the private clients, who have already implemented CM actively.

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Decision Making Model for Application of Manufacturing Production System in Construction Project (건설 구조물의 공장생산방식 적용 의사결정모델에 관한 연구)

  • Jin Eui-jae;Park Sang-hyuk;Chae Myung-jin;Han Seung-hun
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2004.11a
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    • pp.515-520
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    • 2004
  • Manufacturing Production System (MPS) has been widely accepted in construction area for the productivity improvement. However, the MPS does not always provide cost and time saving. It often caused more delays and increased project cost. Therefore the use of the MPS technique, systematic decision-making process is needed by reviewing various project parameters such as cost and time. This study includes extensive literature reviews and case studies on MPS. As a result, a decision-making model is proposed. The decision-making flowchart and decision-making model are developed in three steps: (1) identification and categorization of decision-making factors; (2) calculations of benefits, cost, and duration in accordance with the location and the production capacity of the factory; (3) comparisons of MPS and on-site assembly by varying the locations and sizes of the factory

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A Study on a Cost-Based Information Management System for Apartment Finishing Work Items (원가기반의 공동주택 마감재 정보관리 시스템에 관한 연구)

  • Lee, Hoon-Ku;Lee, Yoon-Sun;Kim, Kyung-Sook;Kim, Jae-Jun
    • Korean Journal of Construction Engineering and Management
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    • v.11 no.1
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    • pp.29-37
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    • 2010
  • In recent years, apartment finishing work items have increasingly become more upscale and diverse, and the kinds have increased in exponential numbers. A huge amount of information about finishing work items is produced and changed in the stages of planning finishing work item design and selecting alternatives in the early days of an apartment project. However, there are many problems raised by the poor information management of finishing work items. Thus this study suggested a cost-based information management system to manage information about finishing work items generated in the initial stage of an apartment project. In order to build the suggested system, the investigator designed an information management system based on the concepts and organization of system. And after setting a scenario of selecting finishing work items by conditions including the initial information values of finishing work items, information management for each alternative, and cost fix or free condition, I implemented and applied a prototype of an information management system for finishing work items among the participants including the project manager, interior designer, and builder.