• 국제학술발표논문집
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• The 6th International Conference on Construction Engineering and Project Management
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• pp.629-630
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• 2015

'Sabine Pass Liquefaction Project (SPL Project)', a case study in this report, is the first construction project of a U.S. liquefaction facility for shale gas export overseas. This study analyzes the SPL Project to give understanding and a guideline to Korean EPC companies by benchmarking about effective risk-sharing strategies on EPC contracts. This study consists of three parts. The first summarizes the liquefaction process adopted on the SPL Project, named the 'ConocoPhillips Optimized Cascade Process', and compares it with other competitive liquefaction processes. The second introduces the unique features of the SPL EPC contract by comparing it with two other EPC forms of contracts: a FIDIC Silver Book for onshore plant projects and a contract of an offshore oil production (FPSO) project. The third focuses on the complexity of project financing (PF), especially lenders control and impact on the EPC contract such as covenant provisions to constrain variations and changes on the EPC Contract. From these conclusions, it is anticipated that this case study can provide a guideline for successful performance of Korean EPC contractors overseas.

• Asia pacific journal of information systems
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• 제13권1호
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• pp.103-118
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• 2003

Software project planning is usually represented by a project activity network that is composed of stages of tasks to be done and precedence restrictions among them. The project network is very complex and its construction requires a vast amount of field knowledge and experience. So this study proposes a case-based reasoning approach that can generate the project network automatically based on the past cases and modification knowledge. For the case indexing, we have adopted 17 factors, each with a few alternative values. A special structure of this problem is that the modification effort can be identified by each factor independently. Thus it is manageable to identify 85 primitive modification actions(add and delete activities) and estimate its modification efforts in advance. A specific case requires a combination of primitive modifications. Based on the modification effort knowledge, we have adopted the Least Modification approach as a metric of similarity between a new project and past cases. Using the Least Modification approach and modification knowledge base, we can automatically generate the project network. To validate the performance of Least Modification approach, we have compared its performance with an ordinary minimal distance approach for 21 test cases. The experiment showed that the Least Modification approach could reduce the modification effort significantly.

• 한국철도학회논문집
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• 제10권4호
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• pp.373-380
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• 2007

Recently, various 4D CAD systems for visualizing construction schedule data are being developed. Specially, in case of railway project, the numerical information of progress data should be changed with visualized data by long construction section because the railway project consists of long length in construction site. This study suggests a case study of development of 4D CAD system for visualizing schedule information and the major functions of developed system are verified by railway project. The detailed application procedure of 4D CAD system including input data for a railway project is described in the study. The practical application of 4D CAD system can be improved in railway project by these demonstration researches.

• 산업경영시스템학회지
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• 제30권4호
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• pp.1-12
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• 2007

Motorola developed the framework of six sigma in 1987. In these days, many companies adapt this powerful tool. In 1996, six sigma was introduced to the Korean companies as a management innovation tool. This study shows case study of 'Champion Project' which was adopted on one Korean company. The champion project is directed by the leader who has a champion belt. The project focus on the processes optimization problem or resource concentration problem to solve critical issues inside of the process. This case study shows the result of champion project. The effect was encouraging in the aspect of effectiveness and efficiency. The most important point of this study is an introduction of the third generation six sigma which was successively adopted on the Korean company.

• 국제학술발표논문집
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• The 3th International Conference on Construction Engineering and Project Management
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• pp.642-648
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• 2009

Determining the total duration for a construction project is an integral part of project management in the construction industry. This is to ensure the project and all its associated activities can be carried out and completed within the time frame stipulated. There are several commonly used scheduling methods and techniques in project management, some of which involves manual calculation while others involve computer software. This paper looks into the various time determination methods, extracting out their differences and similarities. It also seeks to draw out the problems when determining time for projects, especially those encountered of case studies. Based on the results from the case studies, there were delays on certain projects even though time determination had been carried out rigorously prior to the commencement of the projects. This paper seeks to develop a time determination model, which incorporates risk management techniques into the calculations in order to improve the method for time estimation to minimize the chances of project delay.

• 수산경영론집
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• 제42권1호
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• pp.37-55
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• 2011

This study is to examine the economic effects of seaweed forest creation project in the case of Jeju Woodo Seokwang－ri. Seaweed forest creation project will raise up the quality and quantity of coastal fisheries resource and improve the structure of coastal ecosystem as a project the recovery of coastal fisheries resource against barren ground like whitening event. The economic effect by seaweed forest creation project can be found not only in the income increase of fishermen but also in reduction of carbon dioxide. The results of this study are summarized as follows: First, the income increase effect of fishermen has economic value of 26,945 thousand won under a 30-year cash flow based on a 8.5% discount rate. This suggests that the seaweed forest creation project increases income of fishermen. Second, the reduction effect of carbon dioxide has economic value of 1,083 thousand won per year. This indicates that the seaweed forest creation project reduces carbon dioxide. In conclusion, the results of this study suggest the seaweed forest creation project has economic value in the case of Jeju Woodo Seokwang-ri.

• 국제학술발표논문집
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• The 3th International Conference on Construction Engineering and Project Management
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• pp.676-684
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• 2009

Decision making at the early stages of a construction project has a significant impact on the project, and various scenarios created based on the owner's requirements should be considered for the decision making. At the early stages of a construction project, the information regarding the project is usually limited and uncertain. As such, it is difficult to plan and manage the project (especially cost planning). Thus, in this study, a cost model that could be varied according to the owner's requirements was developed. The cost model that was developed in this study is based on the case-based reasoning (CBR) methodology. The model suggests cost estimation with the most similar historical case as a basis for the estimation. In this study, the optimization process was also conducted, using genetic algorithms that reflect the changes in the number of project characteristics and in the database in the model according to the owner's decision making. Two optimization parameters were established: (1) the minimum criteria for scoring attribute similarity (MCAS); and (2) the range of attribute weights (RAW). The cost model proposed in this study can help building owners and managers estimate the project budget at the business planning stage.

• Journal of Construction Engineering and Project Management
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• 제4권3호
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• pp.53-59
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• 2014

Project managers are responsible to conduct project on time with least amount of costs and the most possible quality with respect to shortage of resources and environmental certainties. They have to make the best decision to reach such conflicting objects. In this study the project scheduling with multi goals-multi modes was planned in fuzzy conditions under resource constraints and expanded by fuzzy goal programing (FGP). The project cost was calculated by the price of renewable resources and the quality criteria were evaluated by the quality function deployment method (QFD). Finally the model was verified by a construction case study with 22 activities along with solving by GAMS. The results showed that this model could provide a systematic framework to facilitate the decision making process and made the project managers to be able to schedule the project closer to reality.

• Journal of Information Technology Applications and Management
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• 제16권3호
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• pp.113-124
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• 2009

How can action learning program promote organizational learning performance and especially project based team performance in Web-based small and medium-sized enterprises (SMEs)? This article discusses the association between project based team in action learning program and the performance of Web-based SME to be learning organization. In the case of ALPACO, action learning program that promote employee communication behavior, knowledge sharing, and organizational learning are found to be positively associated with the project based team performance and organizational learning, The results indicate that action learning program in SMEs indeed associated with greater knowledge sharing, learning communication skills and changing organizational culture. Learning organization can be, in turn, positively developed by project based team through action learning program for creating competitive advantage, Also, this study offers further support for the practical perspective on learning organization performance. The evidence from this case study suggests that the project team in action learning program playa significant role in team performance and the development of learning organization of the firm. Therefore, in the future, Web-based SMEs should consider making investments in action learning program that encourage project team's effective management in decision making, knowledge sharing, and organizational learning.

• 국제학술발표논문집
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• The 9th International Conference on Construction Engineering and Project Management
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• pp.196-203
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• 2022

The resource constrained scheduling problem (RCSP) constitutes one of the most challenging problems in Project Management, as it combines multiple parameters, contradicting objectives (project completion within certain deadlines, resource allocation within resource availability margins and with reduced fluctuations), strict constraints (precedence constraints between activities), while its complexity grows with the increase in the number of activities being executed. Due to the large solution space size, this work investigates the application of Genetic Algorithms to approximate the optimal resource alolocation and obtain optimal trade-offs between different project goals. This analysis uses the cost of exceeding the daily resource availability, the cost from the day-by-day resource movement in and out of the site and the cost for using resources day-by-day, to form the objective cost function. The model is applied in different case studies: 1 project consisting of 10 activities, 4 repetitive projects consisting of 40 activities in total and 16 repetitive projects consisting of 160 activities in total, in order to evaluate the effectiveness of the algorithm in different-size solution spaces and under alternative optimization criteria by examining the quality of the solution and the required computational time. The case studies 2 & 3 have been developed by building upon the recurrence of the unit/sub-project (10 activities), meaning that the initial problem is multiplied four and sixteen times respectively. The evaluation results indicate that the proposed model can efficiently provide reliable solutions with respect to the individual goals assigned in every case study regardless of the project scale.