• Title/Summary/Keyword: Project performance measurement

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A Risk Performance Measurement System for the Mega-Project

  • Kim, Seon-Gyoo
    • Architectural research
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    • v.12 no.1
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    • pp.57-64
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    • 2010
  • In recent years, interests and studies on the urban regeneration projects have been increased and largely conducted. It is a part of the effort that solves some social and economical problems occurred by deteriorated buildings and degraded infrastructures through new urban regeneration projects or redevelopment projects. However, the urban regeneration projects show the characteristics that can not guarantee in the project performance because the projects have various and complex stakeholders related to these projects and are exposed to lots of risks due to its huge scale. This study proposed the risk performance index method to improve the efficiency of the overall performance measurement for a mega-project by extending from the traditional cost/schedule based performance measurement system. The risk performance index method proposed in this study has a similar system to the EVMS, and makes possible to perform a three dimensional integrated performance measurement in cost/schedule/risk through 18 different indexes that compose the risk performance index.

A Risk Performance Measurement System for the Construction Project

  • Seon Gyoo Kim;Jin Bong Kim;Moon Serk Young;Bong Cheol Jeon;Han Kim;Young Jeong Yu
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1591-1598
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    • 2009
  • Recently, the researches on the urban regeneration projects have been performed very actively. It is a part of the effort that solves some social and economical problems occurred by deteriorated buildings and degraded infrastructures through new urban regeneration projects or redevelopment projects. However, the urban regeneration projects show the characteristics that can not guarantee in the project performance because the projects have various and complex stakeholders related to these projects and are exposed to lots of risks due to its huge scale. This study proposed the risk performance index method to improve the efficiency of the overall performance measurement for a mega-project by extending from the traditional cost/schedule based performance measurement system. The risk performance index method proposed in this study has a similar system to the EVMS, and makes possible to perform a three dimensional integrated performance measurement in cost/schedule/risk through 18 different indexes that compose the risk performance index.

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UTILITY-BASED PERFORMANCE MEASUREMENT SYSTEM (UBPMS) FOR COMPARISON OF CONSTRUCTION PROJECTS

  • Ki-Hyun Kim;Hee-Sung Cha;Ju-Yeoun Han;Il-Han Yu
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1509-1514
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    • 2009
  • CII BM&M(Benchmarking & Metrics) in USA and DTI(Department of Trade and Industry) in UK have built up systems that enable performance measuring and made the results of performance measurement comparable between projects to utilize them as benchmarking tools. By comparing the results of performance measurement, it is possible to grasp the success level of project management and to establish the direction of management. However, construction projects are much diversified and even those projects with the same work type have different attributes. Therefore, simply comparing the results of project performance measurement without considering the characteristics of projects is not justifiable and affects the reliability of the benchmarking results. Therefore, to solve this problem, this study presents a methodology that makes it possible to compare the individual construction projects considering various characteristics. The benefits and importance of project characteristics to overall project performance will be quantitatively expressed and they will be reflected on the results of performance management. By maximally converting multiple projects with different characteristics into the same projects through a new methodology to convert different projects into the same level utilizing such utility-bases and comparing the performances of those projects, project performance results can be utilized in project management as a tool for more accurate decision making and as a robust benchmarking tool.

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Evaluation System for Defense IT Project in Korea: Post-Implementation Stage

  • Lee, Sangho;Song, Chong-Hyun
    • Journal of Multimedia Information System
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    • v.5 no.4
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    • pp.291-297
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    • 2018
  • Performance measurement is not an easy task. However, it is necessary to measure the expected value of the informatization project to be invested, to help the successful progress of the informatization project, and to confirm the result of the informatization project. This study describes the evaluation systems of the defense informatization project in Korea used after the end of the informatization project (post-implementation evaluation stage). In the post-implementation evaluation stage of proposed system, the informatization project is evaluated in terms of performance achievement, project plan compliance, project management, and economic validity. For each element, this study suggests metrics and practical measurement method. With metrics and their method, it can be evaluated which project is better than others. Moreover, the lessons learned can be developed. Under scarce budget condition, defense organizations can make better performance from IT project with the evaluation system suggested in this study.

Revised PPC Measurement Method considering Interfering Float Weight of Task

  • Jung-Sook Yun;Hyung-il Kim;Jung-Ho Yu;Chang-Duk Kim
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1479-1484
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    • 2009
  • It is commonly recognized to need performance management for successful construction project. PPC measurement of Last Planner System is one of construction project measurement method. PPC measurement is quantitatively assessment to go through construction, and that is not completely to be trusted when compare a project with another or an individual case work with another in same project. According to, purpose of this study is comparison indicator establishment that compare project with another or an individual case work with another it is not use PPC measurement for quantitatively assessment to go through construction. The procedure of this study is derive of the point at issue of existing PPC measurement for a aim PPC measurement in this study expenditure and select weight about that and it is applied to actually construction.

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A Standard Method for Progress Measurement in a Petrochemical Plant EPC Project (석유화학 플랜트 EPC 사업의 진도율 산정표준의 제안)

  • Cho, Hong-Yeon;Yoo, Hoseon
    • Plant Journal
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    • v.7 no.4
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    • pp.77-87
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    • 2011
  • In proportion to continuing growth of overseas plant market and the trend of its mega scale of the project, the importance of management is significantly emphasized for the successful execution of the project. And it is recognized that progress control is the most important management item amongst the others in the management. Progress control is importance of progress measurement for performance measurement and process control of project, but it is hardly obtainable securing the objectivity in the progress measurement since the progress measurement are being applied differently in accordance with the project conditions and the experience level of the person in charge for the progress control. This study has conducted as following to propose a standard method for progress measurement in a petrochemical plant protect. Domestic and overseas plant projects are investigated variously with the applied method of progress measurement, and the deduced problem of progress measurement. And then standard method for progress measurement of engineering, procurement, construction and commissioning has been proposed according to comparison and analysis of practices in domestic & overseas plant project, procedures for progress control in the globally reputed petrochemical client, company rules and recommendation of the expert in progress control.

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The Necessity of Performance Goal Setting Phase for Construction Project (건설사업 성과목표수립 단계의 필요성에 관한 연구)

  • Jeon, Me-Yeon;Yu, Jung-Ho
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2011.05a
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    • pp.159-162
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    • 2011
  • The goal setting and performance measurement is essential tool for performance management. If appropriate goal setting and performance measurement is not done, problems may arise in the management. Therefore, in order to improve the efficiency of building production that management is essential. In addition, the construction project objectives established at the planning phase give considerable influence on the success of the construction project. Therefore, objective of this paper is to suggest the necessity of performance goal setting phase. This paper analyzes problems of goal setting phase and suggests the way to improve about problems.

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The Effects of Correct Implementation of Six Sigma Practices on Customer Focus Performance, Quality Performance and Business Performance (식스시그마의 올바른 실행이 고객관점 성과, 품질성과 및 사업성과에 미치는 영향)

  • Yoon, Jae-Hong
    • Korean Management Science Review
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    • v.30 no.1
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    • pp.59-72
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    • 2013
  • This research has seven factors such as top management leadership, belt system operation, implementation of systematic methods, adequate project performance measurement, customer focus performance, quality performance and business performance. Those are critical to correct implementation of Six Sigma. I set seven hypotheses which represented the relationships among the seven factors, gathered questionnaires and analyzed the data. Top management leadership affected positively the adequate project performance measurement and the belt system operation, The belt system operation affected the implementation of systematic methods positively and it also affected the adequate project performance measurement. It affected positively the customer focus performance, the quality performance and the business performance, respectively.

Developing Measurement System for Key Performance Indicators on Building Construction Projects (건설 프로젝트 효율적 성과관리를 위한 핵심 지표 체계 구축)

  • Cha, Hee-Sung;Kim, Tae-Kyoung
    • Korean Journal of Construction Engineering and Management
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    • v.9 no.4
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    • pp.120-130
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    • 2008
  • In construction industry, project performance should be evaluated in terms of project value objectives, i.e., cost, time, quality, safety, and environment. However, there have been few, if any, systematic approaches in assessing comprehensive performance level which encompasses the whole spectrum of project value objectives. It is non trivial to establish the standardized performance metric system due to the project individualities. This study provides a new approach in assessing the wide variety of project performance types by collecting the real industry project data. In addition, the proposed system has been validated through industry survey on project practitioners. It is concluded that the developed quantitative project performance measurement system would be effectively useful in indicating the level of current status of a particular project and furthermore, to provide a meaningful strategy for the future project in a more sustainable way.

A Development of Risk Performance Index for Mega-project Performance Measurement in view of the integrated Cost/Schedule/Risk (비용/공정/위험 통합 관점에서 메가 프로젝트 성과측정을 위한 위험성과지수 개발)

  • Kim, Seon-Gyoo;Park, Kyoo-Young;Yu, Young-Jeong
    • Korean Journal of Construction Engineering and Management
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    • v.10 no.1
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    • pp.69-77
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    • 2009
  • Recently, a research of the urban regeneration has been performed very actively. This is one of the efforts to resolve various social and economic problems coming from the existing deteriorated building and facilities by new urban development or redevelopment. However, an urban regeneration has a characteristic to be unable to ensure the project performance due to the exposed numerous risks coming from the various and complex stake-holders, and its mega sizes. This paper proposes the method of risk performance index in order to improve an efficiency of performance measurement expanding to the risk view point from the existing integrated cost/schedule performance measurement. A risk performance index is compatible with the existing EVMS, and can make the performance measurement in 3 dimensions of the integrated cost/schedule/risk with 18 sub-indexes and variables.