• Title/Summary/Keyword: Project cost

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A Study on the Factors Affecting the Detailed Design Price of Road Construction Project (국내 도로공사 실시설계 대가영향요인에 관한 연구)

  • Lee, Mi-Young;Seo, Jung-Hoon;Oh, Se-Wook
    • The Journal of the Korea Contents Association
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    • v.18 no.9
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    • pp.44-54
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    • 2018
  • In the construction project, the design field has a crucial effect on the success or failure of the final product, and it is becoming more important as a core area of national industrial development because it creates high value added by technology. In addition, since the design work is carried out based on professional technical personnel, in order to secure the quality and competitiveness of the design, it is necessary to continuously input the excellent manpower and develop the technology, and above all, the appropriate design cost must be ensured. However, as a result of reviewing the current status of the design cost criterion in Korea, problems such as mixed cost calculation method, inaccuracy of construction cost ratio method, and inactivation of cost plus fixed fee method were analyzed. Therefore, it is difficult to calculate the fair value reflecting the characteristics of the project when calculating the construction design price. Therefore, the price criterion should be improved so that the fair value of the design can be determined according to the contents of the project, By analyzing the correlation and multiple regression analysis of the projects and price information of the completed road construction design, the factors influencing the design price and the level of influence were analyzed.

A Case Study on Sensitivity Analysis of KHP Total Ownership Cost (KHP 총소유비용의 민감도 분석 사례 연구)

  • Byun, Hyung-Kyun;Lee, Sang-Woo;Kwon, Moon-Won;Kim, Joo-Kyun;Choi, Young-Hwan
    • Journal of Applied Reliability
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    • v.11 no.2
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    • pp.187-212
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    • 2011
  • KHP project sets total ownership cost as the target cost by applying CAIV and administrates total ownership cost through compromise analysis, a periodical estimate and management of design alternatives for each development. Based on expected cost results, sensibility of total ownership cost is analyzed complying with the change of reliability, availability, maintainability and other related factors. By considering potential total ownership cost saving methods, first of all, this paper identifies total ownership cost changing effects for each related factor, secondly, suggests total ownership cost and maintenance and operating cost saving methods via finding components that affect total ownership cost and lastly, suggests total ownership cost saving directions that may be applied to other projects in the future.

Efficiency Analysis on Sales Performance of NPD Projects in ICT Industry Using DEA : Focusing on Empirical Instance from 'S' corporation (자료포락분석을 이용한 ICT산업 신제품 개발 프로젝트 매출 성과에 관한 효율성 분석 : 중견기업 S사의 실례를 중심으로)

  • Jang, HeeSeok;Park, SoHyun;Kim, Seung-Chul
    • Journal of Information Technology Services
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    • v.18 no.5
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    • pp.209-224
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    • 2019
  • When evaluating the performance of a NPD(New Product Development) project, it is common to evaluate the project performance according to the achievement of the planned goal in terms of time, quality and cost management, which are usually three main constraints of the project. The evaluation of the financial factors by which sales contributed to the return of the company is more influential. This is why companies need to increase sales and raise profits. Therefore, it is more reasonable to evaluate the sales performance of NPD projects over a certain period of time against the input costs. At this time, we can analyze the causes of inefficient projects and compare them with other projects and find out how to improve the sales performance to help the company increase its competitiveness. In this paper, we analyze the relative efficiency of the sales performance on the input of the projects by using the actual sales in the period of one year after mass production of the NPD projects of 'S' company in ICT industry. Input factors include developer resource and development cost for the NPD reported after the project has been completed, the delay weeks for the schedule targeted at the project planning stage, and the number of quality issues due to development design faults during initial mass-production. The sales figure and the contribution margin of the product after one year from the start of mass production are defined as the output factors. In this paper, we analyze the efficiency of the projects by using data envelope analysis (DEA). As a result, we found out the reason of the inefficient project of DMUs according to the differences in the characteristics of the efficient and inefficient B2B markets based on the result of DEA of NPD projects. Thus, the goal of this paper is to identify strategies for improving sales performance of NPD projects in inefficient markets.

Software Development Effort Estimation Using Partition of Project Delivery Rate Group (프로젝트 인도율 그룹 분할 방법을 이용한 소프트웨어 개발노력 추정)

  • Lee, Sang-Un;No, Myeong-Ok;Lee, Bu-Gwon
    • The KIPS Transactions:PartD
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    • v.9D no.2
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    • pp.259-266
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    • 2002
  • The main issue in software development is the ability of software project effort and cost estimation in the early phase of software life cycle. The regression models for project effort and cost estimation are presented by function point that is a software sire. The data sets used to conduct previous studies are of ten small and not too recent. Applying these models to 789 project data developed from 1990 ; the models only explain fewer than 0.53 $R^2$(Coefficient of determination) of the data variation. Homogeneous group in accordance with project delivery rate (PDR) divides the data sets. Then this paper presents general effort estimation models using project delivery rate. The presented model has a random distribution of residuals and explains more than 0.93 $R^2$ of data variation in most of PDR ranges.

EVMS Application Process based on Project Management Processes (Project Management Process를 바탕으로 한 EVMS 실무적용 프로세스)

  • Baek Sung-Min;Ahn Byung-Ju;Kim Jae-Jun;Kong Gun-Young
    • Korean Journal of Construction Engineering and Management
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    • v.3 no.2 s.10
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    • pp.59-66
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    • 2002
  • EVMS(Earned Value Management System) came to the proper method for integrated cost-schedule control and Government announced EVMS application plan. After that, many studies related adaptability, activation, model, and process reflecting the characteristics of the domestic construction industry are proceeded in construction sites and schools. This thesis is a study of EVMS process. The purpose of this paper is to analyze the problems of previous researches for EVMS Process and to suggest the EVMS application Process based on Project Management Processes of PMBOK. In this kind of view, this thesis suggests the new direction to study EVMS process. And furthermore, this process is suggested for showing a framework of EVMS in Korean construction project are identified.

Analysis of Factors Affecting Economic Feasibility of Long-term Public Rental Housing Reconstruction Project

  • Joe, Won Goog;Cho, Jae Ho;Son, Bo Sik;Chae, Myung Jin;Lim, Nam Gi;Chun, Jae Youl
    • Architectural research
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    • v.24 no.3
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    • pp.85-91
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    • 2022
  • The public rental housing policy aims to provide the housing to the vulnerable class who do not have enough credit to own houses. The Korean government introduced new policies for housing supply to improve the availability of new houses. However, it is difficult to expand the supply because of the accumulated deficit of public rental housing. In this study, the economic feasibility of long-term public rental housing reconstruction projects was examined to ensure the economic and sustainable growth of public rental housing. The research found that the compensation for the accumulated deficit is needed. Also the research analyzed and identified the factors affecting the economic feasibility of reconstruction projects. The significant factors identified in this research are: the supply price of pre-sale/rental housing in the reconstruction project, total cost of the reconstruction project, and total floor area of the reconstruction project. According to the analysis results, it is necessary to increase the rent of existing long-term public rental housing, expand the government subsidy, increase the supply price of pre-sale/rental housing, and reduce the total project cost. However, there are limitations. For example, the fluctuations of construction market, residents' burden of housing costs, and the limit of the budget of the public housing authority. The increasing total Floor Area Ratio(FAR) limitation of the reconstruction project would be the realistic solution to the problem because it gives incentives to the reconstruction project.

Effects of Time Shortening on Project Cost in Housing Complex with Different Number of Layers (저층·고층 아파트가 혼합배치된 단지에서 공기단축이 건설사업비에 미치는 영향 분석)

  • Bang, Jong-Dae;Chun, Young-Soo;Jun, Myoung-Hoon;Kim, Sa-Rang;Lee, Do-Heun
    • Land and Housing Review
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    • v.3 no.4
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    • pp.415-421
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    • 2012
  • In case of Korean housing complex, there became more mixed arrangement of buildings with different number of layers for a variety of urban skyline, recently. For example, around 33% of the construction sites of 'A' public corporation have gaps of more than 4 layers between high-rise buildings and low-rise ones in the same site, according to the survey. Generally, construction duration of the housing complex is estimated based on the layers of the highest building. Due to this baseline, whole construction duration could be extended so that the project cost could be increased. Therefore, framework duration of higher-rise buildings should be reduced to secure the feasibility of the project. On the other hands, these shortenings could adversely harm the feasibility in some cases because there are a wide range of combinations of the buildings with different number of layers in designing housing complex. Therefore, this study shows the results of analysis on effects of framework time shortening on the cost in housing complex project. Moreover, this could set the baseline of checking possibilities in condensing the construction duration of projects with buildings of different layers by supplying comprehensive database.

Analysing Construction Cost Index Fluctuation on Apartment Housing (공동주택 건설공사비지수의 변동추세 분석)

  • Park, Won-Young;Park, Tae-Il
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2019.05a
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    • pp.226-227
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    • 2019
  • The basic type construction cost which is the base of the building cost estimation is being adjusted according to the price changes by utilizing the apartment construction cost index in order to flexibly operate it. In this study, we analyzed the change trends and characteristics of the housing cost index for the basic type building cost model project operated from September, 2012 to March, 2018. As a result, the increase in material costs is slight while the share of the labor cost increased in the construction cost due to the rise of labor unit price, leading to a perceived increase in sensitivity of labor costs. We should be careful to keep the sensitivity of the material cost and the labor cost to an appropriate level so that the index may not be distorted.

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Development of Cost Management Process during Design Phase based on Design to Cost (DTC(Design to Cost)기반의 설계단계 사업비관리 프로세스 개발)

  • Park, So-Hyun;Moon, Hyun-Seok;Hyun, Chang-Teak
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2009.11a
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    • pp.209-212
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    • 2009
  • The Development of Cost Management is embossed efficiently to use the budget for the construction industry. The government is exploring every efforts and polices to control increasing the budget for the construction industry. However, despite of the government's efforts, researches are insufficient for a cost management of development. Also, the changed cost of construction by frequent plan change is caused of decline in quality etc during an accomplishing project. Therefore, in this study, analyzed about principal official phase of design phase to solve the problem. In order to define clearly the target cost concepts in the planning phase apply to the DTC(Design To Cost) concept and technique at the development of cost management process which will be able to manage the enterprise expense. It's process is expected with the fact that will be the possibility efficiently of fixing target cost in the planning phase by the construction client and designer.

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