• Journal of the Korea Institute of Building Construction
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• v.21 no.4
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• pp.347-359
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• 2021

Recently, construction projects have emerged in the form of program management, which is complicated by the large-scale of construction, and requires astronomical construction costs. In particular, projects that absolutely require management at the program level, such as large-scale construction projects, require overall control of the planned schedule and cost as a set of various projects, including infrastructure. But in Korea, there is no specific management standard for delays in construction. In order to avoid the risk of cost increase and project delay in the program-level construction project, it is necessary to apply more systematic management standards to prevent delay and to take a more preemptive response in the construction process. Therefore, in this study, a delay management index (DMI) was developed to successfully carry out large-scale construction projects at the program level and prevent delays in advance. In addition, case studies were conducted for large-scale construction projects, and a delay prevention system was established for program-level construction projects.

• International conference on construction engineering and project management
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• 2015.10a
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• pp.82-86
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• 2015

Construction delay is a common problem worldwide, which is considered as one of the main reasons for project failure. Bangladesh construction industry is no exception. This study investigated the main causes of delay in large building construction projects in Bangladesh. A questionnaire survey was conducted to determine the causes of delay from owners, consultants, and contractors of large building construction projects. About 70 respondents participated in the survey. Using the importance index analysis, the study identified 10 most important causes of delay from a list of 30 different causes. Ten most important causes were: (1) lack of experienced construction manager, (2) lowest bidder selection, (3) funding shortage by owner, (4) lack of proper management, (5) improper planning and scheduling, (6) lack of skilled workers, (7) site constraints, (8) contractors' cash flow problems during construction, (9) escalation of resources price, and (10) contractors' excessive workload. Furthermore, Kruskal-Wallis test indicates that there is no significant variation exists among the three group of respondents, ie owners, consultants and contractors.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.217-221
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• 2003

This study proposes a new classification system and analysis methodology for time delay risk of apartment projects. And this study proposes the classification of major trades and risk level and risk index by performing expert-oriented interview and survey report on a national scale. The purpose of this study is to present basic data for time delay risk management system through the analysis of risk level, risk index and rank of major 5 trades(earth work, structure work, masonry work, window and door/glass work, and interior finish work) in apartment projects.

• International conference on construction engineering and project management
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• 2015.10a
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• pp.161-165
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• 2015

The delay in construction is the challenge often faced in the course of executing construction projects. To the government projects, the delays become very serious. This problem directly affects the lives, social welfare of the people, and the other negative social impacts. However, the government projects have not been much interest. The questionnaire surveys in Vietnam were conducted to determine the causes of the delay and to find solutions for dealing with the delay. The average index was used to rank the delay factors and the solutions. This study identified the 5 most highly ranked delay factors and the 8 best solutions from a list of 31 delay factors and 19 solutions for the delay. The five most highly ranked delay factors were: information delays and lack of information exchange between the parties; incompetent owner; incompetent supervision consultant; incompetent contractor; and difficulties in financing project by owner. The findings of the study can help the parties involved the government construction projects and practitioners to give appropriate strategies for countering the delay in their projects.

• Journal of Construction Engineering and Project Management
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• v.7 no.4
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• pp.20-28
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• 2017

In almost every construction project, delay is an inevitable yet controllable phenomenon. The Indian construction industry encounters an enormous amount of delays in projects. Delay affects both time and money in the forms of schedule and cost overruns, respectively. Due to impressive and dynamic growth in the Indian construction sector, planned efforts are essential to limit these undesirable delays. On account of the surge in the rate of residential building construction, the task of identification and analysis of the delays in residential projects in India has been attempted by the authors. A questionnaire survey was conducted involving 100 stakeholders. Further analysis included an Importance Index to rank the identified delays, Principle Component Analysis for advanced statistical analysis, and Correlation Analysis to check the extent of agreement amongst stakeholders. Conclusions drawn with reference to the analysed data eventually reflected finance-related issues, as well as labour related problems as the dominating causes of delays. The aim of the research is to provide insight to the construction stakeholders and researchers, on an international scale, with the obtained results.

• International conference on construction engineering and project management
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• 2020.12a
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• pp.50-59
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• 2020

The 21st century is witnessing a rapid growth of tall buildings in urban centers globally to create more urban space for an anticipated urban population. Tall buildings, however suffer from incessant delays and sometimes total abandonment. Consequently, this study investigated and ranked the causes of delay in tall building projects, while focusing on the Gulf Cooperation Council (GCC) countries. Initially, 36 common delay causes investigated globally were categorized into 9 groups, and then further ranked utilizing the Relative Importance Index (RII) through a questionnaire survey. Tall building professionals in the GCC countries (Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Oman and Qatar) were contacted. The respondents' categories include Consultants, Contractors, and Clients' Representatives/Facility Managers. The results reveal that the top three causes include "client's cash flow problems/delays in contractor's payment", "contractor's financial difficulties", and "poor site organization and coordination between various parties". The findings from this study could help construction professionals develop guidelines and controls for delay mitigation, as well as support them in risk-based decision making in the planning of tall building projects.

• The Journal of Asian Finance, Economics and Business
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• v.5 no.4
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• pp.45-56
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• 2018

The paper aims to examine relationships between search-based sentiment and stock market reactions in Vietnam. This study constructs an internet search-based measure of sentiment and examines its relationship with Vietnamese stock market returns. The sentiment index is derived from Google Trends' Search Volume Index of financial and economic terms that Vietnamese searched from January 2011 to June 2018. Consistent with prediction from sentiment theories, the study documents significant short-term reversals across three major stock indices. The difference from previous literature is that Vietnam stock market absorbs the contemporaneous decline slower while the subsequent rebound happens within a day. The results of the study suggest that the sentiment-induced effect is mainly driven by pessimism. On the other hand, optimistic investors seem to delay in taking their investment action until the market corrects. The study proposes a unified explanation for our findings based on the overreaction hypothesis of the bearish group and the strategic delay of the optimistic group. The findings of the study contribute to the behavioral finance strand that studies the role of sentiment in emerging financial markets, where noise traders and limits to arbitrage are more obvious. They also encourage the continuous application of search data to explore other investor behaviors in securities markets.

• The Journal of The Korea Institute of Intelligent Transport Systems
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• v.11 no.6
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• pp.15-22
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• 2012

A performance index of singalized intersections is a standard to optimize signal control variables and to manage traffic flow. Traffic delays is generally used to minimize the average delay time on intersections or networks, progression efficiency is used to improve travel speed of main cooridors or to provide transit signal priority. We manage traffic flows with only selecting one index between delays and progression according to the objective of traffic management and field characteristics. In real field, the driver's satisfaction is high in any performance criteria when the waiting time is shorter and the unnecessary stop in front of traffic is smaller. This paper aims to develop simulation model to represent real progression with concurrently considering delays and progression. In order to reflect an effect of level of traffic volumes and residual queues which don't be considered in prior progression model, we apply shockwave model with flow-density diagram. We derive Cell Transmission Model of Daganzo in order to develop the delay index and the progression index for the macroscopic simulation model. In order to validate the effect, we analysis traffic delays and progression efficiency with comparing this model to Transyt-7F and PASSER V.

• Journal of Chest Surgery
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• v.24 no.6
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• pp.605-609
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• 1991

The formation of postlaminectomy arteriovenous fistula is unusual and the rongeur during discectomy with resultant simultaneous damage to artery and vein is causative. The delay in diagnosis is particularly distressing. The presence of a palpable abdominal thrill or bruit with or without congestive heart failure should results in a high index of suspicion of this entity. Prompt recognition and surgical closure of the post-laminectomy arteriovenous iliac fistula are most important in successful management.

• Korean Journal of Construction Engineering and Management
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• v.17 no.2
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• pp.90-98
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• 2016

High-rise buildings construction project have various risk factors. Major risk factors are negative results such as time delay and increase of costs. Therefore, this study was analyzed risk factors in construction stages of high-rise buildings using by PROMETHEE technique. For this, this research were identified risk factors through experts Focus Group Interview(FGI). And, PROMETHEE was used to setup evaluation standard for analysis of high-rise building construction risks. Next, the standard of evaluation index calculation was composed by using the definition level in PDRI. Preference function and evaluation index were identified through questionnaires. Through these processes, this study has calculated the importance of high-rise building construction risks using by PROMETHEE technique. As a result, high degree risk factors were as following. These are 'Operation plan of material lifting', 'Outrigger & Belt Truss Construction', 'Foundation work plan of high-rise building' and 'Considering a Structure concept of high-rise building'.