• International conference on construction engineering and project management
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• 2011.02a
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• pp.534-541
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• 2011

Risk evaluation approaches for bidding on international construction projects are typically partitioned into three stages: country selection, project classification, and bid-cost evaluation. However, previous studies are frequently under attack in that they have several crucial limitations: 1) a dearth of studies about country selection risk tailored for the overseas construction market at a corporate level; 2) no consideration of uncertainties for input variable per se; 3) less probabilistic approaches in estimating a range of cost variance; and 4) less inclusion of covariance impacts. This study thus suggests a three-staged risk evaluation model to resolve these inherent problems. In the first stage, a country portfolio model that maximizes the expected construction market growth rate and profit rate while decreasing market uncertainty is formulated using multi-objective genetic analysis. Following this, probabilistic approaches for screening bad projects are suggested through applying various data mining methods such as discriminant logistic regression, neural network, C5.0, and support vector machine. For the last stage, the cost overrun prediction model is simulated for determining a reasonable bid cost, while considering non-parametric distribution, effects of systematic risks, and the firm's specific capability accrued in a given country. Through the three consecutive models, this study verifies that international construction risk can be allocated, reduced, and projected to some degree, thereby contributing to sustaining stable profits and revenues in both the short-term and the long-term perspective.

• Proceedings of the Korea Contents Association Conference
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• 2007.11a
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• pp.265-269
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• 2007

We should select suitable application research project to carry out e-Science research in successfuly and make the reseach implement plan such as developing component technology and preparing infrastructure. On this study, the e-Science projects pool will be composed from technology forecasting and national R&D projects and evaluated the project by making evaluation models.

• 한국지구물리탐사학회:학술대회논문집
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• 2009.05a
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• pp.101-118
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• 2009

In order to invest in overseas mineral projects, it is necessary to have a ability of technical and financial evaluation. Reserve estimation is the most important for mineral appraisal. Geostatistical evaluation of tonnage and grade promises more accurate reserve estimation than traditional methods such as polygon, inverse distance method and so on even if it has some uncertainty. Selection of a mining method and a mineral processing is also important because capex and opcosts of a mineral project is due to the selection. Mineral project is usually evaluated financially using NPV and IRR which are calculated through DCF(Discount Cash Flow). Uncertainty of a mineral project is analyzed statistically using sensitivity analysis and montecarlo simulation.

• Journal of Korea Technology Innovation Society
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• v.3 no.2
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• pp.48-60
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• 2000

An effort has been made in this paper to measure the project manager's reaction to R&D project evaluation and present the useful information related to rebuilding an R&D evaluation system. Results of this study show that project manager's reaction is related to the selection of reasonable items for evaluation, the rater's expertise, the project manager's participation in evaluation process and so on. Accordingly, managers of the research institute have to set up the evaluation system after deeply considering these results.

• Journal of the Korea Academia-Industrial cooperation Society
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• v.15 no.1
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• pp.202-210
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• 2014

This paper is to discover selection indicator for academia-industrial cooperation R&D project. Existing Project lacks careful consideration for participant enterprise. But, This project must be focused on enterprise for the goal of project is to improve business competition. Therefore, we analyze the survey result of enterprise satisfaction and deduct the factor of satisfaction by statistical analysis like One-way ANOVA and Regression. The study says that collaboration time, the time of planning of commercialization, technology transfer and the level of goal achievement improve enterprise satisfaction. And it implies needs for plan of manpower input and commercialization at the selecting phase. This paper is significant that it can improve project system by satisfaction. We expect that this result is utilized by planning and management.

• The Journal of Asian Finance, Economics and Business
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• v.8 no.3
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• pp.297-305
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• 2021

A contractor or a main contractor is a company with full capacity to construct all project's works for the owner. A subcontractor is an organization that works with the main contractor to execute and complete work packages for the project. Selecting an effective subcontractor will help the efficiency and success of any projects in the construction industry. Therefore, this study identified subcontractor evaluation factors in Vietnam by collecting questionnaire survey data from engineers and staffs in the construction industry project environment. An exploratory factor analysis (EFA) was then performed to identify the critical factors when evaluating and selecting the subcontractor in construction projects. Moreover, when considering the impact level in terms of the average value, the research results showed that the most critical concern was the subcontractor's reputation. Furthermore, the top five factors affecting the sub-contractor evaluation and selection are (i) reputation, (ii) price, (iii) construction techniques, (iv) ability to implement projects according to commitments, and (v) subcontractor competence (the team of workers, technician staff, engineers with full capacity according to regulations). These research results provide an overall perspective that will help main contractors develop suitable subcontractors' evaluation and selection factors in their projects in the construction industry.

• Journal of Korean Society of Rural Planning
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• v.29 no.4
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• pp.105-116
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• 2023

In this study, evaluation indicators for quantitative and qualitative indicators were presented by resetting the evaluation indicators for the selection of the living conditions renovation project for vulnerable residential areas by reflecting the results of expert importance. The appropriateness of the project selection evaluation index was reviewed by comparing the results of the expert AHP importance survey to make the project sustainable and to discover vulnerable villages. Evaluation items were constructed based on the guidelines for selecting the target site, and AHP importance evaluation was performed using this evaluation item as a proxy variable. Based on the data collected from 152 villages in Gimhae-si for case studies, the evaluation results were derived by applying the existing guideline evaluation indicators and evaluation indicators reflecting the importance proposed in this study. As a result of the study, Overall, there was a positive correlation between the results of the existing guideline evaluation and the results of the AHP importance survey, but in detail, there is a difference in the results evaluated by the two evaluation methods. In the future, if the scope of participating experts is expanded to supplement the importance evaluation, and the evaluation grade is set by analyzing quantitative data from Gyeongsangnam-do or rural areas nationwide, local governments and others will use this evaluation index as basic data when promoting the project.

• The KIPS Transactions:PartD
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• v.9D no.5
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• pp.887-896
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• 2002

Based on SPICE (Software Process Improvement and Capability dEtermination) evaluation model, SPIRE (Software Process Improvement in Regions of Europe) is developed and published as a process improvement model for small and medium size organizations. However, practical selection guidelines or mapping rules between business goals and software processes do not exist within SPIRE. This research aims to construct an objective reference mapping table between business goals and software processes, and to propose a process selection method using the mapping table. The mapping table is constructed by the convergence of domestic software process experts' opinions using Delphi techniques. In the suggested process selection method, target processes are selected using the intuition of project participants or project managers as well as the reference mapping table. The feasibility of the proposed selection method has been reviewed by applying to two small software companies. Using the reference mapping table, we could select key processes which were passed over by project managers.

• 한국디지털정책학회:학술대회논문집
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• 2004.05a
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• pp.343-354
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• 2004

A Project planning is one of the most important processes that determines success and failure of the project. Scope management for project planning is also essential job in system integration project. However project planning is very difficult because lots of factor and their relationships should be considered. Therefore project planning of SI project has been done by project manager s own knowledge and experiences. It is necessary to develop an algorithm of WBS(Work Breakdown Structure) identification & document selection along to project's specificity in project management system using AI technique. This study also present method (ODW model) to cope with the limitations of the existing study that has uniformly customizing the methodology by only project complexity. We propose PPSM(Project planning support module) that apply Rule for determination of route map and document level, and CBR for WBS identification.

• Korean Journal of Construction Engineering and Management
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• v.9 no.3
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• pp.164-174
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• 2008

It is crucial In decision making to select a project delivery system (PDS) adjusted accordingly to the project characteristics. Furthermore, selecting a tendering system is the kernel in the process of selecting PDS. In October 2007, the Ministry of Finance and the Economy of Korea launched two new project delivery systems, "Best Value Contract (Design-Bid-Build)" and "Bridging Contracts (Design-Build)" by revising enforcement ordinances of "Act on Contracts to Which the State is a Party" to provoke the tendering systems. In order to support the proposed purpose, this research developed a selection model for suitable tendering system, which helps a public owner select a tendering system appropriate to the project characteristics. First, the framework of the model was set throughout analyzing previous researches and interviewing relevant experts. Additionally, by analyzing the survey result from 265 experts engaged in architectural and civil engineering business, the relative weights of the selection factors and the effectiveness values of the alternatives were suggested as the quantitative evaluation references. Finally, the practical guideline was suggested to apply this model to three public projects scheduled to be delivered. The result of applying the model to three case projects showed that further researches were needed to make the selection process logical and to suggest the standard weights and effectiveness values according to project type.