• Title/Summary/Keyword: Value Management Process

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THE STUDY OF MULI-LEVEL PERFORMANCE MEASUREMENT APPROACH FOR VALUE MANAGEMENT OF CIVIL INFRASTRUCTURE PROJECTS

  • Jong-Kwon Lim;Min-Jae Lee;Dong-Youl Lee
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1294-1299
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    • 2009
  • Best value in value engineering has relation to cost and performance. But a severe problem in VE study of a project is to reduce value due to loss of performance, caused by focusing on cost reduction. Also a lack of understanding performance concept, no trial VE workshop as well as cost saving-based policy have not satisfied customer needs. A efficient and practical methodology for accomplishing best value in construction projects is proposed. This study developed a more objective approach for performance measurement approach of mega projects and suggested a systematic process of performance quantitative analysis verifying value improvement. The proposed performance measurement method would be very useful for better communication and consensus between stakeholders and VE team especially through value engineering.

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A Data Quality Management Maturity Model

  • Ryu, Kyung-Seok;Park, Joo-Seok;Park, Jae-Hong
    • ETRI Journal
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    • v.28 no.2
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    • pp.191-204
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    • 2006
  • Many previous studies of data quality have focused on the realization and evaluation of both data value quality and data service quality. These studies revealed that poor data value quality and poor data service quality were caused by poor data structure. In this study we focus on metadata management, namely, data structure quality and introduce the data quality management maturity model as a preferred maturity model. We empirically show that data quality improves as data management matures.

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An Evaluation of Process Capability Using Degree of Conformance (적합성 정도를 이용한 공정능력의 평가)

  • Park, Sang-Gyu;Chung, Kyu-Ryun
    • Journal of Korean Society for Quality Management
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    • v.24 no.1
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    • pp.50-60
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    • 1996
  • Though the quality characteristics within a specified tolerance are equally desired quality there is a difference in conformance between a specification limit and a target value. In this paper we propose a measure of process capability that takes into account the degree of conformance to a target value as well as the process variation.

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A Suggestion for Merging Quality Management into Software Project Schedule Management (소프트웨어개발 일정관리와 품질관리의 통합 방안)

  • Paek, Seon-Uck;Han, Yong-Soo;Hong, Sug-Won
    • Information Systems Review
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    • v.6 no.2
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    • pp.195-208
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    • 2004
  • In this paper we propose a new software project development management model incorporating quality management to schedule management. Though many efficient techniques such as code review and inspection are used to remove defects, the effect of defect removal time on project schedule hasn't been studied much. However, poor quality management has an important effect upon overall schedule and sometimes software projects fails due to it. Thus, quality management and schedule management should be considered together and we need to reflect the time to maintain software quality into the schedule management. For the proposed model we introduced "Quality Value" representing the needed time to remove software defects. We assume PSP/TSP to gather the needed data for quality value. The proposed model can be used to predict the effect of software defects on schedule in advance and to prevent schedule lag.

A study of a n.0, pplication of marketing to library management (도서관경영에 있어서 마아케팅의 도입에 관한 연구)

  • 권은경
    • Journal of Korean Library and Information Science Society
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    • v.14
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    • pp.99-120
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    • 1987
  • This paper tries to a n.0, pply the concept and process of marketing which have been developed in profit sector to library management. Since the end of 60's certain marketing researchers, among them Kotler, Levy, and Shapiro have advanced the theseses that marketing is not just a business organization as well. Recently libraries have been interested in markeing also. Marketing is a concept of sensitively serving and satisfying human needs through voluntary exchanges of value. Library is a value exchange system in which library service is exchanged with community's patronage. In order for library user to involve in the value exchange system voluntarily, library should analyze user's needs and offer products satisfying the needs. For doing this, library should understand marketing. In this paper, author introduces the marketing concepts and process, tries to show how to a n.0, pply the key concepts and process to public library management. The needs of marketing in library sector, the effectiveness and barriers in a n.0, pplying marketing to library also discussed.

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On Exponential Utility Maximization

  • Chung, Kun-Jen
    • Journal of the Korean Operations Research and Management Science Society
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    • v.13 no.2
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    • pp.66-71
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    • 1988
  • Let B be present value of some sequence. This paper concerns the maximization of the expected utility of the present value B when the utility function is exponential.

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A Process Improvement in Building Constructions using Value Stream Analysis - Focused on slab works - (가치흐름 분석을 통한 건설공사의 공정개선방안 - 슬래브 공사를 중심으로 -)

  • Lee Hyung-Soo;Yoon You-Sang;Suh Sang-Wook;Jang Chan-Hee
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.527-530
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    • 2002
  • The purpose of this study is to present an improvement of the form work process. The current slab form work has waste factor by unnecessary process and not complete integration with the finishing process. Therefore the study used value stream analysis methodology for effective improvement of slab form work process. The main contents of the study are as follows; 1) Understanding of non-value adding activities in existing slab form work process 2) Process integration by value stream mapping 3) Effect analysis of time-cost reduction. The study recommends that, as a future research, development of tool and technique for the non-value adding activities are eliminated in building construction.

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Research on Value Creativity of Taiwan's Small and Medium-sized Enterprises

  • Tien, Shiaw-Wen;Chung, Yi-Chan;Tsai, Chih-Hung;Hsieh, Chia-Hsiang;Chen, Hung-Hsi
    • International Journal of Quality Innovation
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    • v.8 no.1
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    • pp.99-119
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    • 2007
  • This research probes into the execution of small and medium-sized enterprises' value creativities by a difference analysis with different classifications, different capital, different turnover, different employees, and different established years. This study develop a questionnaire about value creativity with five dimensions and thirty-five items according to "Valuation" by McKinsey and Company, Inc. and Copeland et al., such as: "Aspiration and target," "Portfolio management," "Organization design," "Process management," and "Business and individual performance management." The results are as follows: (1) Most small and medium-sized enterprises (SMEs) have executed value creativities; (2) There is a difference in the execution of value creativities between the livelihood industry and the chemical industry; the execution of value creativities by livelihood industry is better than the chemical industry; (3) For value creativities of the execution of different capital and turnover for SMEs, bigger entities are better than smaller ones; (4) For the value creativities of the execution of different numbers of staff in SMEs, those with more staff are better than those with fewer staff; (5) For the value creativities of the execution of different established years for SMEs, those established longer are better than those established shorter.

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.

Using Analytic Network Process to Establish Performance Evaluation Indicators for the R&D Management Department in Taiwan's High-tech Industry

  • Liu, Pang-Lo;Tsai, Chih-Hung
    • International Journal of Quality Innovation
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    • v.8 no.3
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    • pp.156-172
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    • 2007
  • The high-tech industry is the economic lifeline for Taiwan. Its characteristics are short product life cycle, rapid changes in the market, and a high obsolescence rate for new products. Under globalization, the high-tech industry has adopted Information Technology (IT) to shorten the manufacturing process, reduce costs and conduct product research and development (R&D) to increase the core competence of enterprises and achieve the goal of sustainable operations. Enterprises should actively strengthen their integration with internal and external resources and lead in R&D management to increase industrial operating performance. Effectively managing operations and R&D management evaluation in Taiwan's High-tech Industry has become a critical subject. This study adopted 4 major Balanced Scorecard (BSC) perspectives to establish the Total Performance Evaluation Indicators for the R&D management department in Taiwan's High-tech Industry. The Analytic Network Process (ANP) was applied to evaluate the overall performance of the R&D management department. The research framework is divided into 2 phases. The first phase is combined with the 4 major perspectives, Financial, Customer, Internal Business Process and Learning and Growth, as the related indicators for each measurement perspective. The Key Performance Indicators (KPI) were selected using Factor Analysis to identify the key factor from the complicated indicators. The relationship between the characteristics of each BSC's evaluation perspective is dependence and feedback. This study applied ANP to conduct the calculation and adjustment of correlation between each KPI, and determine on their relative weights for the objective KPI. The "Financial Perspective" for R&D management department in Taiwan's High-tech Industry focused on the budget achievement rate of R&D management. The weight indicator value is (0.05863). The "Customer Perspective" focused on problem-solving satisfaction. The weight value of this indicator is (0.17549). The "Internal Business Process Perspective" focused on the quantity and quality of R&D. The weight value of this indicator is (0.13506). The "Learning and Growth Perspective" focused on improving competence in the research personnel's professional techniques. The weight value of this indicator is (0.02789). From the total weighting indicators, the order of the Performance Indicators for the R&D management department in Taiwan's High-tech Industry is: (1) Customer Perspective; (2) Internal Business Process Perspective; (3) Financial Perspective; and (4) Learning and Growth Perspective.