• Journal of the Korea Academia-Industrial cooperation Society
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• v.10 no.10
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• pp.2803-2809
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• 2009

For a successful construction project not only construction engineering and project management technology but also economic evaluation technique is required. Design and construction technologies are necessary to receive a project order. However, construction management technology which can be apply from the project initial phase to the project operation and management phase is required to create a benefit from the project. Construction management technology is one of the effective factors for project success. Economical and efficient cost management from the planning phase influences the project success. This study investigated cost flow and cost factors of domestic Sewage Treatment Plant project for systematic analysis of cost items following the entire project phase. Particularly, data modeling based on domestic Sewage Treatment Equipment maintenance cost DB was performed, and maintenance cost estimation trend line is suggested using Monte carlo Simulation Method to decrease uncertainty of actual results DB and for feasibility study. Korea Academia-Industrial cooperation Society. The Korea Academia-Industrial cooperation Society. The Korea Academia-Industrial cooperation Society. The Korea Academia-Industrial cooperation Society.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2002.11a
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• pp.123-131
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• 2002

Recently our government operates earned value management system (EVMS) for improving work management system of the construction projects over specific scale. The EVMS is based on the integrated management between construction cost and schedule, the existing systems, however, are focused on the cost management by using wort quantity. This study suggests a work management mode1 to integrate construction cost with activity information. The model introduces a work task concept as a tool that can connect construction cost to activity information. The suggested model in this study is verified by using actual data for the applicability to practical construction projects.

• Journal of the Korea Institute of Building Construction
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• v.15 no.3
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• pp.307-316
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• 2015

As there are a lot of differences in the public building construction cost depending on the construction scale of actual construction cost system, a lot of problems occur in the estimation of the cost. So, the development of a predictive model depending on the construction scale shall be used in a way that it is applied to the case selectively and differently. This study drew a cost estimating model through a regression analysis. For this, 42 construction sites which were ordered during 2011 to 2012 by Public Procurement Service data were selected as a historical data. Based on the application of the model to new construction and the verification of its effect, the reasonable model for estimating the construction cost has been suggested.

• Korean Journal of Construction Engineering and Management
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• v.22 no.3
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• pp.52-60
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• 2021

Due to the significant size of overseas construction projects, the cost overrun has enormous impacts on the financial status of construction companies. The managers' appropriate perception and identification of key risk factors in the construction phase notably affect the performance of projects. However, the actual impacts of risk factors and local manager' s perception of them could be deviated. For this reason, we aim to compare the performance of actual cases and general opinions of responsible practitioners in terms of risk factors relevant to cost overruns in order to present a practical strategy for risk management. Firstly, factors classified from literature review were used to simulate 290 cost overruns data sets from 20 cases by introducing Monte-Carlo Simulation and were ranked by standardized coefficients through multiple regression analysis. Secondly, a survey was conducted against 42 local managers to rank their perception of impact on cost overrun with identical factors by using Stepwise Weight Assessment Ratio Analysis (SWARA). Comparison results show that conflicts such as 'conflict with subcontractors' and 'conflict with the local community' have caused excessive cost overrun. However, managers' perception of these as less significant than the actual influences and consider other risks such as 'material price fluctuation' and 'construction quality errors', as relatively serious. Therefore, education for local managers on conflict risks needs to be presented.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2008.11a
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• pp.212-215
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• 2008

When managers predict exact construction cost at early stage and design phase, they can reduce construction cost in a more efficient way than to predict at construction stage. But present of public construction cost estimation and management almost after the construction documents design phase. Therefore, construction cost management in the early stage and schematic design phase to generally use approximate estimating is not correct. Accordingly, this study analyze problem of current cost estimating method and a concrete cost plans make using case information of actual cost to analyze in schematic design phase. Possible to check going on the suitable design, this study conducts the preliminary research for the development of cost estimating model.

• Journal of the Korean Society of Safety
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• v.33 no.2
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• pp.68-75
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• 2018

The safety management cost system under the Construction Technology Promotion Act has contributed greatly to the prevention of construction accidents according to the chronological changes and social demand, but various problems have been pointed out. The biggest problem is that the safety management cost is earmarked very low because other items of safety management costs except for the safety inspection are not appropriately included in the actual construction site. Furthermore, it has been pointed out that it is difficult to settle the orderer due to the lack of specific use criteria. Therefore, in order to secure the proper safety management cost, this study is to estimate the actual cost by using of specification, quantity, material cost, labor cost for each type of the safety management item The results of this study were compared with the 71 cases of safety management costs in the safety management plan. In addition, analysis of unclear or unnecessary items in the current safety management cost and criteria and suggestions for improvement are provided. It is hoped that the results of this study will contribute to the rational safety management rate calculation.

• International conference on construction engineering and project management
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• 2009.05a
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• pp.1540-1547
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• 2009

Steel frame factories were surveyed in this study in order to explore the possibility of shortening the construction time and save on construction cost through overlapping at the stages of design or construction. In the survey, construction professionals were interviewed in order to collect quantitative data. Hypotheses were then formulated, and the data was thereby analyzed using the simulation technique in order to analyze the effects of the concurrent engineering method on shorter construction time and cost saving. In addition, actual cases were analyzed to determine the overlapping rates of major processes in terms of shorter construction time and cost saving and to analyze the relationship between time and cost due to overlapping.

• Journal of the Korea Institute of Building Construction
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• v.16 no.2
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• pp.133-140
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• 2016

The amount of labor input in a construction project is used as source data to estimate construction cost and to understand the productivity of the construction industry. However, there is a significant difference between the standard of estimation and the actual amount of labor input, and a plan is needed to resolve this problem. For this reason, to establish a system with which the actual amount of labor input can be inputted in a more accurate and simpler manner, a new method is proposed in this study. In the new method, a digital pen is used to minimize the difference from traditional handwriting on paper using a pen, and eliminate the redundant input of information. This study is expected not only to reduce the actual amount of labor input but also to contribute to the productivity of construction cost estimate through the sharing or utilization of the information on the web.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2008.11a
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• pp.197-201
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• 2008

Conceptual cost estimates for domestic highway projects have generally been conducted using governmental unit-price references. Inaccuracies in governmental unit-price data has repeatedly addressed in the Korean construction industry which often lead to poor decision making and cost management practices. Thus, needs for developing a better way of conceptual cost estimating has been widely recognized. This research is considered as the first step in developing such model using real-world cost data based on actual construction activities. The data analyzed in this paper includes 41 P.S.C (Prestressed Concrete) Box bridges which broke into 4 categories based on construction methods such as I.L.M(Incremental Launching Method), M.S.S(Movable Scaffolding System), F.S.M(Full Staging Method), and F.C.M(Free Cantilever Method). Actual design documents; including actual cost estimating documents, drawings and specifications were carefully reviewed to effectively break down cost structures for PSC girder bridges. Among more than 40 cost categories for each P.S.C girder bridge type, 7 of them were identified which accounted for more than 95% of total construction cost (ILM: 99.47%, MSS: 99.22%, FSM: 98.18%, and FCM: 98.12%). In order to validate the clustering of cost categories, the variation of each cost category has been investigated which resulted in between -1.16 % and 0.59%.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2009.11a
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• pp.193-198
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• 2009

It is an important issue in cost management to contract with the standard of cost estimate by the reasonable way in public construction projects. For the standard of cost estimate based on the Standard Estimating System, there is a difference of labor inputs between Standard Estimating System and actual quantities in construction projects. The duration of form work in multi-family housing depends on the manpower compared with other work, which is the critical path on the schedule management to be decided quality, and is the important to the cost management of construction projects. This study presented a simulation model of the productivity analysis for selecting the standard work type of form work in Multi-family housing construction projects.