• Title/Summary/Keyword: Project cost

Search Result 2,467, Processing Time 0.028 seconds

The Effect of Task Interdependence and User Participation on Software Development Project Performance (업무상호의존성과 사용자참여가 소프트웨어 개발 프로젝트 성과에 미치는 영향)

  • Hong Myung-Hon;Kim Shinkon;Kim Jeonggon
    • Journal of Information Technology Applications and Management
    • /
    • v.12 no.1
    • /
    • pp.213-229
    • /
    • 2005
  • Cost overrun or schedule delay of the software development project happens frequently despite that software developers continue to make every effort for the effective management of the projects. Previous researches have ascertained that these problems are ascribed to the uncertainty of projects and the improper management of the projects. The purposes of this research are to investigate the impacts of user participation and task interdependence on the performance of the projects and also to find out the appropriate project management method to improve the project performance. Even though the model fitness of the path model is proved to be very high, the verification of the hypotheses showed a variety of results including the four verifications and the one refutation of the hypotheses as well as the suggestion of one alternative hypothesis. The contribution of this research is that the integration model is proposed and verified, comprising the relationship among the user participation, the task interdependence, and the performance of software development projects. A project manager can utilize the implication of this research for an effective management of software development project.

  • PDF

A Study of Risk Analysis on Apartment Reconstruction Projects (공동주택 재건축사업의 리스크 분석에 관한 연구)

  • Lee Lo-Na;Woo Kwang-Min;Lee Hak-Ki
    • Proceedings of the Korean Institute Of Construction Engineering and Management
    • /
    • 2004.11a
    • /
    • pp.232-235
    • /
    • 2004
  • The apartment reconstruction project is making some problems, such as delay of lack specialty, conflict between project owners and cost increasing etc. The enforcement process of project are very complicated, the term of project is long and too many project owners are participating. For this reasons. it is always in the face of uncertainty. To promote the reconstructing project successfully. we need to make risk management process to get rid of uncertain factors which occur in forwarding the reconstructing project This study has for its objects. First, suggest the best way of risk analysis to manage risk factors systematically and efficiently recognized in The Apartment reconstruction protect. Second, furnish basic data to build the risk managing system of The apartment reconstructing project.

  • PDF

A Study on the Improvement of Historical Data For Knowledge Management in Construction Project (지식관리(KM)를 위한 건설공사 실적자료관리 개선방안 연구)

  • Lee Tai Sik;Song Jae Young
    • Proceedings of the Korean Institute Of Construction Engineering and Management
    • /
    • autumn
    • /
    • pp.468-471
    • /
    • 2001
  • The importance of early project planning is broadly recognized for construction projects. From the planning step, If extensive historical data related with the project is applied effectively, It can be major resource for estimating cost and project scope. However, The accumulation, analysis, and application of historical data is not sufficient in Korea. So useful information of construction project has disappeared. In order to solve the problems, Project Historical Data Management Systems is need to be developed. The purpose of this study is to analyze current problems and to find the method to utilize historical data in similar project.

  • PDF

A Study on Earned Value Management System (EVMS) For Project Using ERP System (ERP 시스템을 이용한 프로젝트 EVMS에 관한 연구)

  • Park, Je-Won;Lee, Chang-Ho
    • Journal of the Korea Safety Management & Science
    • /
    • v.12 no.4
    • /
    • pp.145-151
    • /
    • 2010
  • It seems that a primary concern of the project-based company, which provides a large scale product or service over long term period, is to run a successful project through systematic project process control and control costs. One of the typical project control methods is Earned Value Management System(EVMS) which analyses the precess through performance measurement. Even though the EVMS is a highly efficient tool in the managerial aspect, it cannot easily determine the Planned Value(PV), Actual Cost(AC), or Earned Value(EV) due to the indistinct criteria and extensive data. The accurate calculation of AC in particular, is the basic of project management, but most companies record direct personnel expenses or direct expenses only. Since they calculate indirect expenses based on the estimated ratio, it limits the systematic project management that reflects changes in profit and loss of a company. This study introduces a EVMS for project management and its actual case based on EVMS and ERP system which some additional modules are installed for performance measurement. It is expected that this new method enables a company to save time and effort, and also to improve transparency by specifying expense items in detail and to switch quarterly settlement to monthly by reducing the time of calculation.

Facilitating the Usage of Value Management Processes by Charactering Capital Facility Projects

  • Cha Hee Sung
    • Korean Journal of Construction Engineering and Management
    • /
    • v.5 no.2 s.18
    • /
    • pp.144-152
    • /
    • 2004
  • Defining value as a measure of how well the project value objectives are met, Value Management Process (VMP) is considered to be any management effort or process that can proactively pursue one or more project objectives (i.e., security/safety, cost effectiveness, schedule optimization, and risk containment). The collection of 44 VMPs has been established based on a rigorous effort conducted by Construction Industry Institute (CII). Because varying circumstances on each project determine the level of suitability, it is crucial to identify which VMP should be implemented on a particular project. The current VMP selection process is primarily based on human intuition. The main objective of this paper is to provide a systematic method to facilitate the usage of VMPs on a particular project. This paper identified and quantified the selection principles (i.e., targeted value objectives, timing of initiation, project characteristics, and relative impact). The data collected from industry practitioners and VMP experts characterized each VMP in terms of the magnitude of benefit. An automated selection tool by Visual Basic Application (VBA) on MS Excel TM, was developed and proved its validity. As a pioneering study, this paper provides a comprehensive and structured knowledge on the subject of VMPs. From the industry's perspective, the automated selection tool, the premier of this study, contributes the facilitation of the VMP implementations in the construction industry thereby maximizing the potential benefits to a particular project.

Assessing Critical Quality Metrics for Successful Baseline Construction Scheduling

  • Bivans, John;Choi, Jin Ouk
    • International conference on construction engineering and project management
    • /
    • 2022.06a
    • /
    • pp.1241-1241
    • /
    • 2022
  • In the current construction industry, difficulty arises in creating an adequate baseline schedule to establish a fundamental plan for construction. This presentation will present the research findings which investigated industry-recognized schedule metrics that aid in the successful implementation of said schedule. Industry organizations (Association for the Advancement of Cost Engineering, the Government Accountability Office, the Project Management Institute, and local city, state, and county government offices) provide standardized guidelines with specific metrics requirements to ensure successful implementation. However, most of those metrics are substantiated or validated in their effectiveness. The study examined the impact between these industry-recognized critical metrics and three distinct scheduling characteristics: Project Type, Project Duration, and Project Density (number of activities within a schedule). The research results showed that, among the 12 various schedules evaluated in parallel with 20 industry-recognized critical metrics, seven metrics substantially demonstrate a significant impact on a project schedule's success. Furthermore, six of the seven metrics directly correlate to at least one of the three scheduling characteristics outlined. As a result, this research has established more predictable outcomes based on impacts between three distinct project characteristics and 20 of the most discussed/researched critical scheduling metrics in the field. This allows management teams to have more confidence in establishing critical milestones and accurate turnover dates from the start of the project through its final completion.

  • PDF

Construction Cost-Down of Building Substructure by VE Techniques (VE 기법에 의한 건물 지하구조의 공사원가 절감방안)

  • Kim Sun-Kuk;Heo Seong-Soo;Choi Yoon-Ki
    • Korean Journal of Construction Engineering and Management
    • /
    • v.6 no.1 s.23
    • /
    • pp.125-132
    • /
    • 2005
  • Domestic construction firms make every effort to save cost and, contrarily, enhance quality for competitive advantage in the market. Structural work of building construction takes chaise of the total cost and schedule, thus elaborate planning and management of the work help to lead the project into a successful way. Therefore, the idea to save time and cost and enhance constructability securing quality and safety of the work should be developed after analyzing the designed documents and site conditions comprehensively in the initial construction planning phase. Value Engineering (VE) technique is introduced in the substructural work in this paper to save cost creatively and systematically in the design and construction phase. A practical VE model that is applied to the underground building work systematically is proposed to save cost and it applies to the actual project to confirm the effectiveness of the model.

A Study on the Analysis and Estimation of the Construction Cost by Using Deep learning in the SMART Educational Facilities - Focused on Planning and Design Stage - (딥러닝을 이용한 스마트 교육시설 공사비 분석 및 예측 - 기획·설계단계를 중심으로 -)

  • Jung, Seung-Hyun;Gwon, Oh-Bin;Son, Jae-Ho
    • Journal of the Korean Institute of Educational Facilities
    • /
    • v.25 no.6
    • /
    • pp.35-44
    • /
    • 2018
  • The purpose of this study is to predict more accurate construction costs and to support efficient decision making in the planning and design stages of smart education facilities. The higher the error in the projected cost, the more risk a project manager takes. If the manager can predict a more accurate construction cost in the early stages of a project, he/she can secure a decision period and support a more rational decision. During the planning and design stages, there is a limited amount of variables that can be selected for the estimating model. Moreover, since the number of completed smart schools is limited, there is little data. In this study, various artificial intelligence models were used to accurately predict the construction cost in the planning and design phase with limited variables and lack of performance data. A theoretical study on an artificial neural network and deep learning was carried out. As the artificial neural network has frequent problems of overfitting, it is found that there is a problem in practical application. In order to overcome the problem, this study suggests that the improved models of Deep Neural Network and Deep Belief Network are more effective in making accurate predictions. Deep Neural Network (DNN) and Deep Belief Network (DBN) models were constructed for the prediction of construction cost. Average Error Rate and Root Mean Square Error (RMSE) were calculated to compare the error and accuracy of those models. This study proposes a cost prediction model that can be used practically in the planning and design stages.

Quantum Cryptanalysis for DES Through Attack Cost Estimation of Grover's Algorithm (Grover 알고리즘 공격 비용 추정을 통한 DES에 대한 양자 암호 분석)

  • Jang, Kyung-bae;Kim, Hyun-Ji;Song, Gyeong-Ju;Sim, Min-Ju;Woo, Eum-Si;Seo, Hwa-Jeong
    • Journal of the Korea Institute of Information Security & Cryptology
    • /
    • v.31 no.6
    • /
    • pp.1149-1156
    • /
    • 2021
  • The Grover algorithm, which accelerates the brute force attack, is applicable to key recovery of symmetric key cryptography, and NIST uses the Grover attack cost for symmetric key cryptography to estimate the post-quantum security strength. In this paper, we estimate the attack cost of Grover's algorithm by implementing DES as a quantum circuit. NIST estimates the post-quantum security strength based on the attack cost of AES for symmetric key cryptography using 128, 192, and 256-bit keys. The estimated attack cost for DES can be analyzed to see how resistant DES is to attacks from quantum computers. Currently, since there is no post-quantum security index for symmetric key ciphers using 64-bit keys, the Grover attack cost for DES using 64-bit keys estimated in this paper can be used as a standard. ProjectQ, a quantum programming tool, was used to analyze the suitability and attack cost of the quantum circuit implementation of the proposed DES.

Development of an outline project cost calculation module for disaster prevention facilities in the living area due to winds and floods (풍수해 생활권 방재시설에 대한 개략 사업비 산정 모듈 개발)

  • Kim, Sol;Lee, Dong Seop;Lee, Jong Jin
    • Journal of Korea Water Resources Association
    • /
    • v.56 no.1
    • /
    • pp.45-52
    • /
    • 2023
  • Due to natural disasters such as heavy rain that occurred in the metropolitan area in August 2022, human casualties and property damage are increasing. Accordingly, the government is making efforts to respond to natural disasters, but due to the absence of related standards and standardized standards, problems such as increased construction costs and deterioration in construction quality for disaster prevention facility maintenance projects are occurring. Accordingly, a rough construction cost estimation module was developed and applied to 25 new pumping stations in Korea. As a result of the analysis, the accuracy of the rough construction cost derived through the module recorded 70% of the detailed design cost, which is 4% higher than the previously used rough construction cost accuracy of 66% by the Ministry of Environment. Accordingly, it is expected that the efficiency of the disaster prevention project can be increased if the developed module is used to calculate the rough construction cost for storm and flood disaster prevention in the future.