• Title/Summary/Keyword: project performance criteria

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Investigation of Key Factors to measure on-site Performance of a Construction firm

  • Lee, Young-Dai;Kim, Jung-Ki;Acharya, Nirmal Kumar
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.6
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    • pp.246-262
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    • 2007
  • The performance of projects has always been an area of interest in the construction industry. Roles of all construction supply chain partners are necessary; however the role of a contractor firm in the construction project is pivotal. So, this research intended to explore a Construction Firm's performance criteria which could measure the level of performance of that firm in an ongoing project. Data was collected from construction professionals working in three principal project participant organizations, namely Owner, Consultant and Contractor. A total of 113 nos. of performance measuring items were sorted from literature review and used to collect data. Statistical tools processed by SPSS program was employed to analyze the data. Out of total 113 items, only 65 nos. of variables were found to be acceptable to every population group of this study. Factor analysis revealed 12 key performance predicting factors (KPPF) with 53 predictive indicators. 12 KPPFS with index weight are: work progress and smoothening (9.3%), change order management and work accuracy (9.1%), business relationship building (8.1%), adequacy of construction work procedure (8.6%), quality performance (8.0%), health and site safety adequacy (8.8%), Innovative contractor (8.0%), adequacy of construction site information (6.8%), compliance with contract plan/specification requirements (8.9%), creditworthiness and financial capability (8.3%), intra-agency relationship and responsiveness (7.0%) and resource management (9.2%). These results could be useful to project management body to evaluate performance of its contractor firm on site as well as the contractor itself to assess own performance and its subcontractors on-site.

FACTOR ANALYSIS ON CONTRACTOR COMPETITION STRATEGY: A HONG KONG STUDY

  • L. Y. Shen;Y. T. Tan;S C Song;M X Yu
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.289-298
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    • 2007
  • The development of construction industry has led to the increase in the number of criteria imposed by project clients for selecting contractors. For example, clients often request tenderers to satisfy various conditions such as tight programme, financial strength, managerial ability, relevant work experiences, technical strength, high workmanship standard, safety requirement, quality specification, and yet others. This trend has attracted research interests of devising various methods for helping project clients to assess contractors' bids. For example, in recent development, the Works Bureau of the Hong Kong Government has introduced two mechanisms in tender evaluation for various public work contracts, namely, the Marking Scheme effective from June 2002 and the Formula Approach effective from November 2002 [1], [2]. These approaches evaluate a contractor's tender by considering collectively its tender price and performance attributes, the latter including contractor experience, past performance, technical resources and technical content of his proposal. The tender with the highest combined price and performance score (CPPS) will be normally recommended for acceptance. It appears, however, that there is little existing research in helping contractors to identify a competition strategy that enables the contractor to offer his most competitive bid collectively taking into account his resource capacities and project client's multiple performance criteria. This paper examines the factors affecting contractor's competition strategy to compete for works in Hong Kong. The understanding about the factors will contribute to identifying effective competition strategy. The data used for the analysis were collected from Hong Kong construction industry. The research findings may provide valuable references for investigating effective competition strategies in other construction industries outside the region.

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A Study on Earned Value Management System (EVMS) For Project Using ERP System (ERP 시스템을 이용한 프로젝트 EVMS에 관한 연구)

  • Park, Je-Won;Lee, Chang-Ho
    • Journal of the Korea Safety Management & Science
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    • v.12 no.4
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    • pp.145-151
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    • 2010
  • It seems that a primary concern of the project-based company, which provides a large scale product or service over long term period, is to run a successful project through systematic project process control and control costs. One of the typical project control methods is Earned Value Management System(EVMS) which analyses the precess through performance measurement. Even though the EVMS is a highly efficient tool in the managerial aspect, it cannot easily determine the Planned Value(PV), Actual Cost(AC), or Earned Value(EV) due to the indistinct criteria and extensive data. The accurate calculation of AC in particular, is the basic of project management, but most companies record direct personnel expenses or direct expenses only. Since they calculate indirect expenses based on the estimated ratio, it limits the systematic project management that reflects changes in profit and loss of a company. This study introduces a EVMS for project management and its actual case based on EVMS and ERP system which some additional modules are installed for performance measurement. It is expected that this new method enables a company to save time and effort, and also to improve transparency by specifying expense items in detail and to switch quarterly settlement to monthly by reducing the time of calculation.

A Fuzzy AHP Model for Selection of Consultant Contractor in Bidding Phase in Vietnam

  • Ha, Tran Thanh;Hoai, Long Le;Lee, Young Dai
    • Journal of Construction Engineering and Project Management
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    • v.5 no.2
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    • pp.35-43
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    • 2015
  • Project Management Consultant (PMC) plays a vital role in the overall performance of any project. Selecting right PMC for right project is the most crucial challenge for any construction owner. Thus, PMC selection is one of the main decisions made by owners at the early phase of construction project. It is not easy for the project owner to select a competent PMC due to the fuzziness, imprecision, vagueness, incomplete and qualitative criteria of the decision. This paper presents a model for selecting PMC contractor using the Fuzzy Analytical Hierarchy Process (FAHP). And a fuzzy number based framework is proposed to be a viable method for PMC contractor selection. A case study to illustrate the application of the model is also presented in this paper.

Identification of Factors Affecting Time and Cost Performance in Vietnam Construction Projects

  • Long, Le-Hoai;Lee, Young-Dai;Lee, Jun-Yong
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.728-731
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    • 2007
  • In-planned duration and cost at project closing are the two of criteria of successful project and successful project management. In Vietnam, regularly, construction projects are delayed and their costs are overrun. This research employed a questionnaire survey to elicit the causes of this situation by interviewing 87 Vietnamese construction experts. After processing data, 21 causes of delay and cost overruns appropriate with building and industrial project in construction stage were inferred and ranked. Spearman's rank correlation tests showed that there're no differences in the viewpoints between parties in project.

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The Selection Criteria of Delivery Method based on Project Characteristics;focused on the Multi-Housing Projects (프로젝트 특성에 따른 발주방식 선정기준;공동주택 건설 사업을 중심으로)

  • Moon, Hyun-Seok;Cho, Kyu-Man;Hyun, Chang-Teak;Koo, Gyo-Jin;Hong, Tae-Hoon
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.390-395
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    • 2006
  • Recently, construction industry demands have been changed by domestic construction circumstances such as high-technology, mega-projects, and the complexity of construction. In order to deal with the change of such a domestic construction circumstances, the Ministry of Construction and Transportation (MOCT) has introduced advanced delivery methods (i..e, CM, DB, etc.). However, the advantages and disadvantages of the advanced delivery methods have not been effectively applied for previous projects. The reason for this is that the "Reviewing Standard for the Large-scale Construction Bidding Method" has not reflected enough project characteristics when the delivery method is selected in the project planning phase. Therefore, this paper proposes the model for selecting criteria of delivery method based on project characteristics in the Multi-housing projects.

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A Study on Evaluation and Prioritization Process of Wastewater Reuse Alternative in Watershed Level (유역차원의 하수처리수 재이용 대안평가와 우선순위 결정과정에 관한 연구)

  • Chung, Eun-Sung;Jun, Sang-Mook;Lee, Jin Hee;Ahn, Jong Ho
    • Journal of Korean Society on Water Environment
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    • v.29 no.2
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    • pp.259-269
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    • 2013
  • This study aims to show the feasibility of wastewater reuse through hydrological analysis and propose a framework for planning using multi-criteria decision making technique. Ten alternatives of wastewater reuse (BOD: 3.0 mg/L & 4.7 mg/L) and two references in the urban watershed were considered and analyzed by using Hydrological Simulation Program in Fortran (HSPF). Though wastewater reuse has a positive effect on water quantity, it may degrade the water quality due to the high discharge concentration. This study showed that wastewater reuse can be a great alternative for the rehabilitation of distorted water cycle, if the quality is improved up to the natural streamflow and the quantity is increased up to the instreamflow requirement. In addition, to determine the project priority, three criteria were compared: 1) impacts on water quantity and water quality, respectively, 2) consideration of present hydrologic vulnerabilities on water quantity and quality and not, and 3) social and economic considerations and not. From the performance values to all criteria, the specific ranking can be derived and the feasibility of each wastewater reuse project can be checked with the comparison of the existing facilities. As a result, DJ and DR were derived to become effective in any evaluation conditions while SS and WG were improper alternatives if various criteria were considered. The decision making for project prioritization must be careful with the consideration of various impacts of wastewater reuse because the evaluation of wastewater reuse alternative showed very different priorities for each criteria.

A simulation study on predicting the current collection performance in 400km/h on establishing the maximum speed test plan of the next Korean high speed train development project (차세대 고속철도의 최고속도 시험 계획 수립을 위한 집전 성능 예측 시뮬레이션)

  • Kwon, Sam-Young;Park, Chun-Soo;Cho, Yong-Hyeon;Lee, Ki-Won;Park, Young
    • Proceedings of the KSR Conference
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    • 2008.06a
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    • pp.428-432
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    • 2008
  • The next Korean high speed train development project is started. In testing stage of this project, the 400km/h maximum speed test will be conducted. In Korean railway infrastructure conditions the 400km/h seems to be a critical speed especially in the aspect of the overhead contact lines. The current collection performance of the 400km/h which is predicted by dynamic interaction simulation are described in this paper. To discuss the permissible criteria of contact forces, displacements and percentage contact loss, the French 575km/h current collection conditions are simulated. Furthermore, review of the simulation results of the Korean 400km/h current collection conditions is conducted through comparison with that of the French 575km/h.

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A Knowledge-based Fuzzy Multi-criteria Evaluation Model of Construction Robotic Systems

  • Yoo, Wi-Sung
    • Architectural research
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    • v.12 no.2
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    • pp.85-92
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    • 2010
  • In recent years, construction projects have been forced to cope with lack of skilled labor and increasing hazard circumstance of human operations. A construction robotic system has been frequently accomplished as one alterative for overcoming these difficulties in increasing construction quality, enhancing productivity, and improving safety. However, while the complexity of such a system increases, there are few ways to carry out an assessment of the system. This paper introduces a knowledge-based multi-criteria decision-making process to assist decision makers in systematically evaluating an automated system for a given project and quantifying its system performance index. The model employs linguistic terms and fuzzy numbers in attempts to deal with the vagueness inherent in experts' or decision makers' subjective opinions, considering the contribution resulted from their knowledge on a decision problem. As an illustrative case, the system, called Robotic-based Construction Automation, for constructing steel erection of high-rise buildings was applied into this model. The results show the model's capacities and imply the application to other extended types of construction robotic systems.

Selection of scheduling heuristics using neural network and MCDM (신경망과 다속성 의사결정 기법을 이용한 일정관리 휴리스틱의 선택)

  • 황인수;한재민
    • Korean Management Science Review
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    • v.13 no.3
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    • pp.173-186
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    • 1996
  • This paper presents an approach for classifying scheduling problems and selecting a heuristic rule to yield best solution in terms of certain performance measure(s). Classification parameters are employed from previous studies on job shop scheduling and project scheduling. Neural network is used for learning and estimating the performance of heuristic rules. In addition, multi-criteria decision making techniques are employed to combine the preferences for each performance measure and heuristic rule for the problems with multi-objectives.

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