• Title/Summary/Keyword: Project cost

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Feasibility Study of Multi-regional Transmission Main Stabilization for Sustainable Water Supply (수돗물 공급 안정화를 위한 광역상수도 관로 안정화 타당성 연구)

  • Lee, Jae Bum;Yi, Choong Sung;Jung, Kwan Sue
    • Journal of Korean Society of Water and Wastewater
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    • v.27 no.3
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    • pp.395-404
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    • 2013
  • The risk of pipe-bursting in multi-regional transmission mains consisting of 89 % of singled pipeline is so high that pipeline stabilization project is required such as renewal and replacement, pipe paralleling, emergency ties. Pipeline stabilization projects could be postponed at the step of initial decision-making because effect of this project is intangible benefit like activation of economic, improvement of welfare related to water. This study is to suggest quantified economical feasibility model for intangible benefit presumption to solve above problem. Cost reduction of emergency water supply, leakage, burst restore and energy efficiency improvement was altered and applied. As a result of economic analysis taking into account estimated benefit and cost under discount rate 5.5 %, service life 40 years, sufficient economic feasibility analyzed with B/C 2.45, NPV 317,700 million won, IRR 9.09 %.

An Advanced GERT Evaluation Model for Research and Development (연구개발 프로젝트를 위한 새로운 GERT평가모델)

  • 권철신
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.3 no.3
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    • pp.13-22
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    • 1980
  • Research and Development has a property that involves uncertainity and risk in itself. Therefore, in order to scheduling of R & D activity, it Is needed of a certain probabilistic network technique with due regard to feedback process used to occur in the R & D proceeding. It is GERT that was developed as the need arises . In this study, the network structure of GERT-I and GERT-II was combined and then simulation analysis was used to it. According to that analysis , an advanced GERT model which covers the following stochastic problems was examined. 1 Evaluating success feasibility under the complex condition (time and cost). 2 Selecting acceptance range for the worst. 3. Selecting optimum path on basis of time, cost and success. 4. Evaluating project utility among the project alternatives. It is for managing R&D projects more effectively.

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Comparative Performance Analysis of Robot-based Automated Construction System Using a Real Scale Test Project

  • Lee, Ung-Kyun
    • Journal of the Korea Institute of Building Construction
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    • v.15 no.3
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    • pp.339-349
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    • 2015
  • A large-scale research project to develop a robot-based automated building construction system for steel structures was successfully conducted in South Korea. This paper discusses the results of the real-scale test and the key lessons gained from the testing process. The system was assessed in terms of system productivity, construction cost, quality control, and safety improvements. While the productivity of the automated system showed an improvement of about 9.5%, the construction cost was about six times higher than that of the conventional method. The field test also indicated that the automated system requires more on-site quality control measures. However, because the system can eliminate the causes of various safety accidents, safety levels might be expected to be improved significantly. It is expected that this paper will provide knowledge and insight for developing new systems, and the results of the real-scale test might be useful for other researchers and similar research projects in the future.

BIM based Design Optimization and Constructability Improvement for Adoption of Pre-construction Service. (프리컨스트럭션 서비스 도입을 위한 BIM 기반 설계 최적화 및 시공성 검토)

  • Lee, Chang-Hee;Lee, Jeong-Ho
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2017.11a
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    • pp.187-188
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    • 2017
  • Korean government is trying to adopt 'CM at Risk(CMR)' method to solve some problems of traditional project delivery method such as cost increase, delay, low quality. Pre-construction service(PCS) is a project management methodology of CMR and BIM is the best tool for efficient PCS execution. PCS is consisted of several main items such as Target costing, Cost trending, GMP, Design optimization, Constructability review and Productivity. The purpose of this research is to analyse contractor's PCS application case result and to find improvement items.

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Schematic Estimation Process for Finishing Work using 3D Geometry-Knowledge Information (3차원 형상·지식정보를 활용한 마감공사 개산견적 프로세스)

  • Park, Sang-Hun;Park, Hyung-Jin;Koo, Kyo-Jin
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2013.05a
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    • pp.210-212
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    • 2013
  • The construction cost estimates during the design phase becomes the standard to judge profitability and validity, and is very important in various decision-makings by project owner. However, since approximate costs are quoted when many parts are undecided in the early stage of project, differences are bound to occur between the construction cost calculated through approximate quotation and that put into construction actually. Also, since in existing quotation works, quantity calculations have been dependent on the staff's manual work, involving error potential, and thus differences are likely in quantity calculation depending on the quotation staff's method of calculation. In this study, the process of creating space model to deduce 3D geometry information for approximate quotation in association with knowledge information and the expression for calculation of finishing area were proposed.

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A STUDY ON THE EVALUTION METHOD OF THE GAS DISTRIBUTION COST IN KOREA (국내(國內) 천연(天然)가스 유통비용평가방법(流通費用評價方法)에 관한 연구(硏究))

  • Kim, Tae-Yu;Lee, Se-Jun;Min, Cheol-Gu
    • Environmental and Resource Economics Review
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    • v.1 no.1
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    • pp.1-25
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    • 1991
  • The domestic liquefied natural gas project has been carried out as a national energy scheme since the late 1980's in Korea. The natural-gas supply for civilian demand is limited to the Kyung-In area. In addition, seven major city gas corporations which now participate in the project occupy the monopolistic service area. In this study, objective cost evaluation criteria for gas distribution and an improved proposal in the evaluation method are suggested. They will go forward in solving the problems to promote demand and prevent excess profit or deficit according to the physical characteristics of the monopolistic service area.

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Enhancing Value of Public Construction Projects by Improving Contract Review Process

  • Song, Sang-Hoon;Bang, Jong-Dae;Cho, Gun-Hee;Sohn, Jeong-Rak;Jung, Sang-Ho
    • Land and Housing Review
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    • v.2 no.4
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    • pp.479-489
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    • 2011
  • This study aims to suggest the method to enhance the value of public construction project during contract review process considering budget reduction for project profit and public interest enhancement simultaneously. The main results of this study are as follows: (1) Current method are considered to be improved from the point that cost reduction through current method could influence performance of the object of contract without conforming to user requirements or facilities' function. (2) In order to supplement current process, the method to evaluate the variation of performance and value was established based on facility type, participants on each phase, and their requirement. (3) Case study was conducted to verify suggested method, and showed the successful application in enhancing the value of construction projects on public sector.

Impacts Of 3 Baselines(Scope, Schedule, Cost) Caused by PMMM Level Under Software Projects. (소프트웨어 프로젝트에서 프로젝트 관리 성숙도가 3Baseline(범위, 일정, 원가)에 미치는 영향 연구)

  • Kim, IlSoo;Lee, SeoukJoo;Choi, JinYoung
    • Annual Conference of KIPS
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    • 2012.04a
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    • pp.1159-1162
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    • 2012
  • 프로젝트 관리 성숙도(Project Management Maturity Model)란 프로젝트 관리 관련 업무 성숙도를 측정하는 것으로, 프로젝트 성공을 위해 관련 있는 업무가 어느 정도 수준으로 진행되고 있는가를 평가하는 목적으로 주로 사용된다. 본 논문에서는 프로젝트 관리 성숙도를 활용하여 프로젝트 관리 성숙도가 범위, 일정, 그리고 원가에 미치는 영향을 연구 하였다. 연구 결과로 프로젝트 관리 성숙도가 낮으면 범위 변경률이 커지고, 일정이 지연되며, 비용 또한 초과되는 것으로 나타났다. 본 연구의 성과를 토대로 기업이 프로젝트 관리 성숙도 향상을 위해 투자와 노력을 해야 한다는 것을 알 수 있다.

DECISION SUPPORT SYSTEM FOR OPTIMAL SELECTION OF HAUL ROUTES BASED ON TIME SLOTS IN EARTHMOVING OPERATION

  • Sang-Hyeok Kang;Kyeong-Geun Baik;Hyun-Gi Baek;Hyeong-Gi Park;Jong-Won Seo
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1134-1139
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    • 2009
  • Haul routes for earthmoving operation need to be carefully selected because the decision on the haul routes could make a significant difference in the project's cost and time. This paper proposes a decision support system for improving productivity of earthmoving operation that helps construction managers choose the best haul routes of trucks based on time slots. Also, a methodology for optimal selection of haul routes considering traffic conditions and topographic conditions of the routes is explained. Raster data model is used to find an available shortest path based on cost weighted distance. A system was developed on a geographic information system environment for efficient database management and easy manipulation of graphical data. A real-world case study was conducted to verify the applicability of the proposed system.

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OPTIMAL DESIGN ALGORITHM OF THE FOUNDATION OF TOWER CRANES

  • Kim, Sun-Kuk;Kim, Jang-Young;Ryu, Sang-Yeon
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1047-1052
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    • 2009
  • As buildings nowadays become taller in height and larger in size the safety review of lifting plan takes larger portion in construction project management. However, the cost and safety in lifting plan have a contradictory effect on each other. Therefore, an optimization algorithm needs devising as a solution of the contradictory problem. In many cases at construction sites, selections and stability review of tower cranes are assigned to equipment suppliers or field managers, which cause the problems in safety and cost of the projects. To improve the part of the current situation, a study on the optimization algorithm for designing the foundation of tower cranes is conducted in this study, which can be utilized by equipment suppliers or field managers to check the stability of tower cranes easily and promptly without substantial knowledge.

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