• International conference on construction engineering and project management
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• 2007.03a
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• pp.729-738
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• 2007

The Public Private Partnership/Private Finance Initiative (PPP/PFI) schemes have made the private sector become a major participant involved in the development of infrastructure systems along with the government. Due to more integrated efforts among project participants and longer concession period, PPP/PFI projects are inherently more complex and risky. It is therefore very important to proactively manage the risks involved throughout the project life cycle. Conventional risk management strategies sometimes ignore managerial flexibility in the planning and execution process. This paper starts with a revised risk management framework which incorporates the real option concept. Following the presentation of the framework, a new risk classification is proposed which leads to different ways of structuring options in a project according to the stage of the project life cycle. Finally, the paper closes by discussing other issues concerning option modeling and negotiation.

• International conference on construction engineering and project management
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• 2009.05a
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• pp.1128-1133
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• 2009

Recently super complex culture shopping facility development seeks consumer' convenience present and are coming restaurant neighborhood, cinema, shopping, hotel etc, according to intensive plan. Such as complex culture shopping facility was developed to most subway station area center and have concept that is space for a main facilities or space for environment protection, citizens' a rest in city. Howeve,r space of recently domestic large size complex culture shopping facility that do not plan systematically was lacking and caused result that do not use efficiently space. Limited extent of research that define complex culture shopping equipment and analyze form of space and present space planning with analysis of research connected with complex usage development.

• International conference on construction engineering and project management
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• 2005.10a
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• pp.929-934
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• 2005

The complex and dynamic job nature and the ever-changing working environment of construction projects inevitably present uncertainties to construction operations. Identification, evaluation and control of uncertainties constitute main elements of risk management and critical tasks of project management in construction. This paper is focused on application of a simplified discrete-event simulation approach in management of schedule-overrun risks, each being the combination of the occurrence probability of an uncertain interruptive factor and its potential consequence in terms of time delay. A case study observed from a concreting operation in Hong Kong is converted into a simulation model and analyzed with an in-house-developed simulation package for demonstrating how the proposed approach can be implemented to manage multiple schedule-overrun risks on construction projects.

• Journal of the Korean Institute of Rural Architecture
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• v.14 no.3
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• pp.101-108
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• 2012

The purpose of this study was to set and analyze the feasibility and survey of the Hanok(The traditional Korean style house) housing complex project within Seoul metropolitan area. The results of this study were as follows. First of all, a survey was carried out to find out the optimum Hanok style. The survey showed that many people chose a frond and back yard garden as a merit of Hanok and pointed out the weak crime prevention as a weakness of Hanok. The optimum size for a Hanok was from $264m^2$ to $330m^2$ and living space was from $100m^2$ to $132m^2$. And people considered about 120% of what the apartment sells for as the reasonable price of a Hanok. Based on the survey, this study planned a Hanok housing complex on a lot that has competitive price and analysed the feasibility of the housing plan. The result was that Hanok's construction cost per $3.3m^2$ to be a marketable product has to be below about 6 million Won. As a result, the construction cost-saving through the advanced technology and planning to meet the changing customers' needs are needed to vitalize Hanok's supply.

• Journal of Korean Association for Spatial Structures
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• v.7 no.4
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• pp.79-87
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• 2007

The object of this study is to understand of the effectiveness characteristic in the field work which is controlled by the quality in the high-rise residential-commercial complex building. From the previous study, the quality improvement factors are investigated. Through the structured questionnaire, the opinions of the field engineers(University, Design firms, Construction company) are gathered in the improvement factors of construction phase. Comparing the results of questionnaire with the conception of field engineers, this study helps in revising and improving the quality control system including tangible factors and intangible factors in the frame work of the high-rise residential-commercial complex building project.

• International conference on construction engineering and project management
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• 2015.10a
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• pp.616-617
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• 2015

Demand is increasing for large, high-rise, and complex buildings, which is leading to advances in the development of high-performance structural systems. In this context, precast concrete (PC) technology has received a large amount of attention owing to its benefits in terms of schedule reduction, high quality, and easy installation. In addition, advanced methodologies that improve the PC performance by the addition of various materials have recently been reported. Research on analyzing the effects of such high-performance PC on the construction process and productivity is very limited. This makes it difficult for decision-makers to apply PC to particular projects. Thus, the aim of this research was to analyze the work productivity of the high-performance PC slab installation process by using a construction simulation tool to resolve critical issues. In this study, a real construction project that adopted PC slab installation work was analyzed, and a sensitivity analysis was performed to confirm the reliability of the analysis results.

• Proceedings of the Safety Management and Science Conference
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• 2010.11a
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• pp.581-591
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• 2010

Korea Rail Network Authority ordered Urban Transit Magrev System on the alternative tender lines. The project was contained order with GS Construction and Yooshin Corporation as a result of competition as 5 consortium. Urban Transit Magrev System route was constructed in the whole Yeongjong-dong and Yongyu-dong, Jung-gu, Inchen. The main project is via transportation center in Inchen Int'l airport ~ Work complex ~ Water park ~ Yongyu-station and has Total continuation of 6.1kilometers, Station of 6 spot, Car base of a spot, go out line(a single line) of 380meters. Scale of construction is Major of Roadbed, Railroad, Building, Inspection and Repair facilities. The first Urban Transit Magrev System in Korea is a new symbol of Korea and has polished beauty and creative artistry based on functional perfection. It was designed in harmony with Inchen Int'l Airport improving the dignity of SOC design.

• Journal of the Korea Institute of Building Construction
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• v.8 no.3
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• pp.119-125
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• 2008

The volume of material and number of workers mobilized has been on the rise in line with the domestic projects getting higher, larger and complex currently. Particularly for the project in downtown, delivering the resources in timely manner is very crucial in carrying out the overall project as scheduled. Inappropriate lifting plan often causes inefficiency over the entire project, resulting in increase in schedule and cost. Despite of such importance of lifting plan for architectural work, lifting plans at the most of domestic projects, except a few cases for large scale high-rise buildings, have been heavily dependent on engineer's personal experience and intuition alone. To deal with such problems, the study was intended to develop and suggest a systematic and objective process for determining the lift, categorizing the lifting equipment into the two types, one for workers and another for material.

• Proceedings of the Korean Institute of Building Construction Conference
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• 2014.05a
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• pp.308-309
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• 2014

A lot of very complex free-form buildings such as Seoul City Office and DDP(Dongdaemun Design Plaza) have been recently built nowadays in domestic. However, as construction methods and cost data are decided without enough discussion and collaboration with specialized subcontractors during design stage, construction quality problems and cost overrun of the free-form buildings are thus occurred during construction stage. Therefore design system and process or contract and ordering system should be developed participating the specialized subcontractors during design stage in order to perfect the free-form design and construction. Especially US has thus an effort to apply IPD(Integrated Project Delivery) system which can solve the problems of construction quality, productivity decrease and cost overrun by constructing the buildings based on exact drawings and collaboration as well as activating BIM(Building Information Modeling). Therefore this study reviews cases of the free-form buildings in domestic and then presents necessity review of IPD in domestic.

• International conference on construction engineering and project management
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• 2015.10a
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• pp.32-36
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• 2015

This study explores the issue of program management consortia involving multinational participants. The aim of this research was to leverage advantages in program management (PM) skills and PM model improvement in product line construction in mega scale construction programs, typically funded by public funds. Such ventures involve multinational parties using dedicated partnering based on a program management consortium (PMC) to reduce confrontation between parties in complex circumstances, allowing an open and non-adversarial approach to project management. This research also seeks to implement an ongoing feedback program of best practices and lessons learned to minimize the repetition of mistakes and to reduce costs in sequenced construction. Recently, the Korean government has planned to undertake three large new projects: the Korean Peninsula major river maintenance, the reclamation of Se-Mangum, and the Science/Business City. This paper starts by providing a framework for the cost-reduction strategy for the United States Forces Korea (USFK) Relocation Program, which will be funded with public funds and a private fund investment (PFI) that combines programs executed by two governments as owners and multinational stakeholders, joined in the PMC. The establishment of project-oriented consortia is an innovative and non-adversarial approach to massive international construction projects. Such projects have used various tools effectively and skillfully. This experience may offer an opportunity to practice new and advanced program management delivery methods, and it is expected that Korea will gain a competitive advantage in the international construction market.