• Title/Summary/Keyword: Project cost

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A Presentation of a Cost Classification System for Gas Plant Construction Projects

  • Park, Moonsun;Kim, Yongsu
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.625-626
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    • 2015
  • The purpose of this study is to present a cost classification system that can be used in gas plant construction projects. Towards this end, it examined the detailed statements of the construction companies which had experience in carrying out plant construction projects. Based on the above, it also presented a life-cycle (i.e., EPCC) cost classification system for the gas plant construction projects by conducting the Delphi analysis through the expert opinions.

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Exact Activity Overlapping Method for Time-cost Tradeoff

  • Gwak, Han-Seong;Lee, Dong-Eun
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.109-110
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    • 2015
  • This paper presents a computational method that identifies an exact set of optimal overlap rates between critical activities to meet job site specific needs by using rework cost-slope. The procedures to compute the exact solution are provided in peudocode algorithm. The method is coded into Exact Concurrent Construction Scheduling system that allows practitioners to make more informed decision in accordance with the site-specific condition involved in the overlapping of critical activities. Test cases verify the validity of the computational method and the usability of the system.

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The Common Temporary Work Management System Using Historical Database (실적 데이터베이스를 활용한 공통가설공사 관리 시스템 개발)

  • Park Kyoung-Ho;Lee Hoon-ku;Baik Jong-Keon;Kim Jae-Jun
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.367-370
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    • 2002
  • The Elements of common temporary work in Construction Project have ambiguous work scope between client and builder. Also problems of non-breakdown, non-standardization in common temporary work are obstructive when contract. Finally they will be reached claim factors on the construction project. Because the common temporary work information management system is not built, We have to develop common temporary work information management system based on historical cost database for Construction Management. This system will successively accomplish the project in pre-construction step to standardize work items and to forecast the cost of common temporary work. Therefore feasibility study will be possible with historical database in new project.

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A Landscape Design Proposal for Eunpyeong New Town, Seoul (서울 은평 뉴타운 1지구 조경설계)

  • Kim Soon-Boon;Chin Yang-Gyo
    • Journal of the Korean Institute of Landscape Architecture
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    • v.33 no.2 s.109
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    • pp.111-121
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    • 2005
  • The Seoul Housing Corporation pronounced an alternative design competition and a bidding for Eunpyeong New Town in December of 2004. At first many construction companies were interested in the first New Town Project. But at last a few companies had proposed the alternative design and construction cost. This project needed a conjunction of design ideas and technology know-hows. And the client wanted the brand power of construction company. Ultimately the Corporation hoped that the first New Town Project will end up with high quality successfully. This competition had started with the original construction drawings. Then it needed some alternative ideas and the lowest cost. There were two drawings of non changeable part and changeable part. Non changeable parts are structure like housing unit plan, underground parking lots. Changeable parts are outdoor layout, interior design and building facade. So we tried all ideas of landscape technology and design principles within limited guidelines. The author applied new technology like tilted rooftop greening and sustained container greening on high-rise apartment house. This green technology will be the first trial in Seoul and in the world as well. Daewoo Corporation have accumulated greening technology through the researches by national funding since 2002. Through this New Town Project the green technology will go forward step by step.

Quantitative Project Management Using Comparison of CMMI and PMBOK (CMMI와 PMBOK의 비교 분석을 통한 정량적 프로젝트 관리)

  • Kim Kyong H.;Kim Heung J.;Park Young B.
    • The KIPS Transactions:PartD
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    • v.12D no.4 s.100
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    • pp.601-608
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    • 2005
  • It is very important to improve qualify, cost and the necessary period for production in software development project. In order to improve software quality, cost and period, final product as well as a project planning and process itself are concerned. In CMMI of SEI and ISO/IEC 15504 (SPICE), the process for the project management is specified. Recently, as a method of total management - including man power, budget, and schedule - PMBOK is introduced. The detailed and specific management method in PMBOK results in multiple experiments that apply PMBOK to enterprise environment. In this paper, hybrid method of CMMI and PMBOK is proposed to obey CMMI, at the same time, to apply the detailed and specific management method in PMBOK and develop metrics for the method.

A Methodology for Estimating Optimum Hardware Capacity E-learning System Development (E-러닝시스템 구축 프로젝트의 적정 하드웨어 산정방법론 연구)

  • Jung, Ji-Young;Baek, Dong-Hyun
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.34 no.3
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    • pp.49-56
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    • 2011
  • Estimating optimum hardware capacity of an e-learning system is very important process to grasp reasonable size of designing technique architecture and budget during step of ISP(information strategic planning) and development. It hugely influences cost and quality of the whole project. While investment on information system hardware has been continuously increased, there was no certified hardware capacity estimating method in e-learning system development. A guideline for hardware sizing of information systems was established by Telecommunication Technology Association in 2008. However, the guideline is not appropriate for estimating optimum hardware capacity of an e-learning system because it was designed to provide general standards for estimating hardware capacity of various types of projects. The purpose of this paper is to provide a methodology for estimating optimum hardware capacity in e-learning system development. To develop the methodology, this study, first of all, analyzes two e-learning development projects, in which the guideline was applied to estimate optimum hardware capacity. Then, this study finds out several key factors influencing on hardware capacity. Finally, this study suggests a methodology for estimating optimum hardware capacity of an e-learning system, in which weights for the factors are determined through AHP analysis.

Risk Identification and Management Strategies for BIM Projects

  • Ng, Ron C.W.;Cheng, Jack C.P.;Das, Moumita
    • International conference on construction engineering and project management
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    • 2020.12a
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    • pp.103-113
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    • 2020
  • The construction industry is undergoing a digital transformation in which Building Information Modelling (BIM) is a key technology. The potential of BIM in several areas such as design optimization, time management, cost management, and asset management/facility management (AM/FM) is widely acknowledged by the AECO (Architecture, Engineering, Construction, and Operation) industry around the world. However, BIM implementation in construction projects is faced with problems such as project delay and cost overruns. The lack of identification of risks in BIM projects and standard guidelines on mitigation techniques furthers poor performance, dissatisfaction, and disputes between employers and project participants, which results in low BIM adoption rates. Therefore, the objective of this paper is to identify the potential risks in BIM implementation under the primary categories - (1) technical, (2) contractual, (3) management-related, and (4) personnel-related risks in BIM projects and present solutions to reduce, manage, and mitigate risks. To meet the objective of this paper, a survey was designed and conducted in the Hong Kong construction industry in which over 140 respondents from different disciplines, with experience in BIM projects, have participated. Based on the analysis of the survey data, the most severe and frequently occurring BIM risks and their potential mitigation strategies were identified and discussed in this paper.

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Practical Issues of Earned Value Management Systems (EVMS) for Nuclear Power Plant (NPP) Construction

  • Jung, Youngsoo;Kim, Sungrae;Moon, Byeong-Suk
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.696-697
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    • 2015
  • Cost, schedule, and quality are the three major performance indicators for any construction project. Under the globalized competition in the nuclear industry, researchers and practitioners have also explored a systemized and integrated management system for cost, schedule, and quality. In order to address this issue, the concept of earned value management system (EVMS) has been often utilized. However, implementing EVMS for a mega-project of nuclear power plant (NPP) construction requires extensive overhead efforts. Though previous studies proposed structures and methods for effective NPP EVMS, there has been no legitimate study for data collection strategy for practical implementation. In this context, the purpose of this paper is to develop an effective data collection strategy for NPP EVMS. Firstly, the barriers to practical NPP EVMS were identified based on literature review and expert interviews. Strategies for data collection were then developed based on different phases of project life cycle. This study focuses on the 'life-cycle integrated progress management system' for NPP construction from an owner's perspective Therefore, results of this study can be used as a guide for preparing request for proposals (RFP) of an NPP owner organization.

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LEED PERCEPTION DISPARITIES: DESIGNERS VERSUS NON-DESIGNERS

  • Hyun Woo Lee;Youngchul Kim;Doyoon Kim;Kunhee Choi
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.36-41
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    • 2013
  • With the increased interest in green buildings, the building industry has been experiencing a fast-growing demand for LEED (Leadership in Energy and Environmental Design) certification for the last decade. Still, it is not unusual to see various barriers and issues during its implementation, and experience tells that they can result in harming the overall project performance with reworks, lower productivity, schedule delays, and cost overruns. In order to better understand the industry's observation on issues and their consequences during LEED implementation, we distributed an online survey, and a total of 53 responses were received. The survey results indicate that (1) both designers and non-designers (e.g., contractors) select 'added costs to design and construction' as the biggest barrier; (2) both designers and non-designers select 'decision made too late in the design process' as the most frequently observed issue; and (3) non-designers indicate higher perceived severity in every consequence criteria than designers. The statistical analyses reveal that cost overruns are the most severe impact observed and have a statistically significant relationship with responses in regard to the barrier to LEED implementation.

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The Introduction of Desalination Plant System (기획특집 - 해수담수화 플랜트 소개)

  • Cho, Maeng-Soo
    • Journal of the Korean Professional Engineers Association
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    • v.42 no.3
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    • pp.27-31
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    • 2009
  • Recent desalination plant system are being operated by applying one of the technologies as like MSF, MED and, or RO. The production cost of pure water from sea water by the desalination plant was U$9/m$^3$ in 1960, but now has been reduced to U$1/m$^3$ at present. The Power and Desalination Plant Project in Al Cobar of Saudi Arabia gave good chance to us export the similar plant systems actively to the world market. 1Hidd IWPP Project in Bahrain, Taweelah B Extension Project in Abu Dhabi of UAE and Ras Laffan B IWPP of Qatar are the recent large scale desalination projects under construction.

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