• Title/Summary/Keyword: cost-schedule data

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A study on progress measurement method of a construction project (건설공사의 진도율 산정 방법에 관한 연구)

  • Park se-Jung;Kim Soo-Yong
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.450-453
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    • 2003
  • It is very important to examine and compare initial plan with earned value repeatedly in construction. For this purpose, progress measurement, which reflects the actual progress correctly, is required and it is necessary that accurate field data should be offered. To measure the progress, the entire project mutt be divided into unit works that have an accurate scope of work, and required information must be distributed to the all parties. Under the circumstances of domestic construction industry which focus on the specifications, progress measurement needs to reflect the information of schedule as well as cost that includes the quantity of unit work and construction expenses. Therefore this research proposes weighted method of progress measurement based on the information of cost and schedule.

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Scenario Planning and Risk Failure Mode Effect and Analysis (RFMEA) based Management

  • Paul, Virendra Kumar;Basu, Chaitali
    • Journal of Construction Engineering and Project Management
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    • v.6 no.2
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    • pp.24-29
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    • 2016
  • This paper elaborates the significance of scenario planning in risk management, and presents an integrated approach which takes into account the 'Risk Events' derived from scenario planning for risk prioritisation. This research integrates scenario planning with Risk Failure Mode and Effect Analysis (RFMEA) through examples from construction litigations of project schedule and cost overrun cases as a simplified approach to project risk management. The proposed methodology incorporates scenarios developed from realistic events of dispute and arbitration cases from construction projects, and thereby increasing potential to foresee risks and their effects well in advance. The results from this methodology shall be validated against outcome of survey study conducted by KPMG-PMI (2013) on project schedule and cost overruns that was based on Ministry of Statistics and Programme Implementation (MoSPI) Project Monitoring data for 2012-13.

A pragmatic algorithm for the Minimum Railway Stock Maintenance Routing Problem (최소차량운용문제에 대한 실용적 해법)

  • Hong Seong-Pil;Kim Gyeong-Min;Lee Gyeong-Sik;Park Beom-Hwan;Hong Sun-Heum
    • Proceedings of the Korean Operations and Management Science Society Conference
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    • 2006.05a
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    • pp.25-32
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    • 2006
  • Given a schedule of train to be routed by a Railway Stock, Railway Stock Routing Problem determine a sequence of train while satisfying turnaround time and maintenance restrictions. The objective is to minimize the Railway Stock during a week and each day simultaneously. And we prove that Railway Stock Routing Problem with maintenance restrictions is NP-hard. In this paper, we present two stage approaches that solve the Railway Stock Routing Problem in a reasonable time. In first stage we relax maintenance restrictions and formulate as a Min-cost-flow problem. Then, in the second stage, we attempt to satisfy maintenance restrictions using ours heuristic algorithm. We show the computational result of applying to an actual train schedule data.

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Analysis of Excavation Speed and Direct Construction Cost Based on the Operating Productivities of TBM Method Site (TBM 굴착 공법 적용 현장의 생산성 분석을 통한 암질별 굴진속도 및 직접공사비 분석)

  • Song, Young Sun;Park, Hong Tae
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.32 no.6D
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    • pp.637-643
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    • 2012
  • This research collected work drilling report of TBM method site developed by WRITH company to TBM equipment company in Germany and analyzed work operating productivity. Based Oil the data analyzed TBM operating productivity, This research derived and presented excavation speed (m/day) by TBM diameter (3.0m, 3.5m, 3.8m) and rock. Also, based on the excavation speed (m/day) by TBM diameter, This research estimated a day direct construction cost and total direct construction costs by applying a direct construction cost which spent on per 1m. When we perform a similar geological construction in the future, excavation speed and direct construction cost which were derived by TBM diameter and rock is thinking the effective utilization data to estimate construction cost and plan schedule management before the start of construction.

A Suggestion of Contingency Guidelines According to ISDC Based on Overseas Contingency Data

  • Minhee Kim;Chang-Lak Kim;Sanghwa Shin
    • Journal of Nuclear Fuel Cycle and Waste Technology(JNFCWT)
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    • v.20 no.4
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    • pp.541-550
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    • 2022
  • When decommissioning nuclear power plant (NPP), the first task performed is cost estimation. This is an important task in terms of securing adequate decommissioning funds and managing the schedule. Therefore, many countries and institutions are conducting continuous research and also developing and using many programs for cost estimation. However, the cost estimated for decommissioning an NPP typically differs from the actual cost incurred in its decommissioning. This is caused by insufficient experience in decommissioning NPPs or lack of decommissioning cost data. This uncertainty in cost estimation can be in general compensated for by applying a contingency. However, reflecting an appropriate standard for the contingency is also difficult. Therefore, in this study, data analysis was conducted based on the contingency guideline suggested by each institution and the actual cost of decommissioning the NPP. Subsequently, TLG Service, Inc.'s process, which recently suggested specific decommissioning costs, was matched with ISDC (International Structure for Decommissioning Costing)'s work breakdown structure (WBS). Based on the matching result, the guideline for applying the contingency for ISDC's WBS Level 1 were presented. This study will be helpful in cost estimation by applying appropriate contingency guidelines in countries or institutions that have no experience in decommissioning NPPs.

K-1 Tank Life Cycle Cost Estimate Using PRICE Model (PRICE 모델을 이용한 K1전차 수명주기 비용추정)

  • 강창호;강성진
    • Journal of the military operations research society of Korea
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    • v.25 no.2
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    • pp.44-61
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    • 1999
  • Cost estimation has posed a significant challenge to estimators, planners, and managers in both government and military. Considerable historical evidence shows that accurate cost estimation has been difficult to achieve across a wide range of projects, including weapon systems. This paper introduces new cost estimating concept, CAIV(Cost As an Independent Variable) and a cost estimating case study using PRICE model, computer aided parametric estimating models(CAPE) for K1 tank cost estimate. CAIV concept is to set realistic but aggressive cost objectives easily in each acquisition program and to achieve cost, schedule, and performance objectives considering various managing risks with a project manager and industry teams. The Price model is one of computer aided cost estimating models and widely used in U.S. defense system analysis as a tool for CAIV. We analyze theories, inputs, outputs of the PRICE model and present a case study for K1 tank to estimate costs in requirement and concept phase, program and budgeting phase, and life cycle phase. Finally we obtain results that the Price model can be used in various phases of PPBEES depending upon available data and time.

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Effect of Extended Egg Preservation Schedule in Conservation of Mutant Silkworm (Bombyx mori L.) Genetic Stocks in Gene Bank

  • Muthulakshmi M.;Mohan B.;Balachandran N.;Sinha R. K.;Thangavelu K.
    • International Journal of Industrial Entomology and Biomaterials
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    • v.11 no.2
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    • pp.93-98
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    • 2005
  • Studies on extended egg preservation schedule from 120 days to 180 days was taken up with 20 germplasm accessions of mutant silkworm genetic stocks of Bombyx mori L. Statistical analyses of the data collected over three trials revealed no significant changes both in the qualitative and quantitative traits of the genetic stocks between treatment (6 months egg preservation) and control (4 months egg preservation), except for fifth instar larval duration in TMS-61, TMS-62, TMS64, TMS-31 and TMS-34 shell weight in TMS-62, TMS-64 and TMS-66. Thus, the results indicate that extended schedule of 6 months egg preservation can safely be adopted, which will reduce the cost of conservation and minimize the genetic erosion owing to reduced crop cycle.

EVALUATING CRITICAL SUCCESS FACTORS FOR ACCURATE FIRST COST ESTIMATES OF LARGE-SCALE CONSTRUCTION PROJECTS

  • Jin-Lee Kim;Ok-Kyue Kim
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.354-360
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    • 2009
  • The demands for large-scale construction projects such as Mega-projects are largely increasing due to the rapid growth of increasing populations as well as the need to replace existing buildings and infrastructure. Increasing costs of materials, supplies, and labors require the first cost estimates at the preliminary planning stage to be as accurate as possible. This paper presents the results obtained from the survey on evaluating nine critical success factors that influence the accurate first cost estimates for large-scale projects from practical experiences. It then examines the current cost structures of construction companies for large-scale projects, followed by the causes for cost and schedule overrun. Twenty completed surveys were collected and the Analytic Hierarchy Process was applied to analyze the data. The results indicate that technology issues, the contract type, and social and environmental impacts are the significant leading factors for accurate first cost estimates of large-scale construction projects.

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A Study on the Multi-level Optimization Method for Heat Source System Design (다단계 최적화 수법을 이용한 열원 설비 설계법에 관한 연구)

  • Yu, Min-Gyung;Nam, Yujin
    • Korean Journal of Air-Conditioning and Refrigeration Engineering
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    • v.28 no.7
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    • pp.299-304
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    • 2016
  • In recent years, heat source systems which have a principal effect on the performance of buildings are difficult to design optimally as a great number of design factors and constraints in large and complicated buildings need to be considered. On the other hand, it is necessary to design an optimum system combination and operation planning for energy efficiency considering Life Cycle Cost (LCC). This study suggests a multi-level and multi-objective optimization method to minimize both LCC and investment cost using a genetic algorithm targeting an office building which requires a large cooling load. The optimum method uses a two stage process to derive the system combination and the operation schedule by utilizing the input data of cooling and heating load profile and system performance characteristics calculated by dynamic energy simulation. The results were assessed by Pareto analysis and a number of Pareto optimal solutions were determined. Moreover, it was confirmed that the derived operation schedule was useful for operating the heat source systems efficiently against the building energy requirements. Consequently, the proposed optimization method is determined by a valid way if the design process is difficult to optimize.

An Overview of Korean Resource-Based Relativ Value Scale (상대가치 개발의 총괄)

  • 김한중;손명세;조우현;박은철;이선희;강형곤;허영주;원종욱;김양균
    • Health Policy and Management
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    • v.5 no.2
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    • pp.202-229
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    • 1995
  • In Korea, Resource-Based Relative Value Scale(RBRVS) is suggesting to the alternative of Korean Medical Fee Schedule. This study developed to methodology of RBRVS applicable to Korean situation and applied to services of internal medicine and general surgery. Our methodology of RBRVS is basically same to Hsiao's. But there are some differences between our method and H냐매's because Korean medical situation differs to American. The first difference is method of measurement of work. The Unit of work in our study is total work including intra-servic work and pre-/post-service work. Secondly, in extrapolation, we use primary data gathered to small group of physician. Tertially, in measurement of practice cost, we directly survey to budget data of hosptials and analyse practice costs by service. Some results are presented in a companion article.

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