• Title/Summary/Keyword: strategic project

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Strategic Allocation of the Limited Same Resource by Program Management Office Considering Financial Values (재무 가치를 고려한 PMO의 전략적 동일 한정 자원 배분)

  • Hwang, Jin-Ha;Kim, Ju-Han;Hwang, Jee-Yeon
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.35 no.3
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    • pp.24-31
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    • 2012
  • Priority rules or sequencing heuristics conventionally used to determine resource allocation is to maximize the earned value on time and cost. This study provides a effective strategy-oriented approach for the program resource management problem with limited same resource, which systematically connects individual project objectives to the overall organizational goal, by introducing financial values as well as priority rules in a broader context. It deals with the resource allocation problem as the decision making problem in the strategic management paradigm to meet business objective and solves it using the analytic hierarchy process, and explains the method of application and usefulness through some simulation cases.

Official Development Assistance and Environmental Assessment (공적개발원조사업(Official Development Assistance)의 방향과 환경평가)

  • Lee, Jong Ho
    • Journal of Environmental Impact Assessment
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    • v.23 no.1
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    • pp.51-65
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    • 2014
  • ODA projects such as multi-purpose dam, industrial complex, road construction etc. have resulted in environmental damage and resident relocation including destruction of site of living. Even the grandiose developments as ODA projects have made clear the value clashes between development and environmental conservation, and have brought about conflicts between public interests and public environmental right, and the discordance between public interests and private property rights in the recipient country. This study summarizes and analyses the Korea's ODA projects and will suggest the public participation and governance system based on Saemaul Movement, Strategic Environmental Assessment and Environmental Impact Assessment based on the guideline of OECD DAC, and emphasize Strategic Environmental Assessment and Social Impact Assessment in the procedure of ODA projects. In the future the ODA project should be implemented for the overcome of poverty and response to climate change based on the experience and trial and errors of Korea's compact growth and past ODA projects.

Risk Analysis on Offshore Windfarm Industry in South Korea: Based on the Jeonnam Offshore Windfarm Project

  • Kim, Tae Hyun;Kim, Yea-Sang;Chin, Sangyoon;Pallesen, Kristian
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.204-212
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    • 2022
  • Recently, the Korean government has been actively promoting the smart city as their strategic agenda. However, to build smart cities that are greener, the authors believe it is essential to rapidly transit conventional energy sources such as fossil fuels to renewable energy. Although there is a big potential for Offshore wind in Korea, there has not been a full-scale commercial offshore wind farm until today. Since Korea is relatively a new market compared to the EU, it can be risky for developers. The authors will introduce risk management best practices in the offshore wind industry applicable to the Korean environment. This paper will mainly introduce an offshore wind project size of 99 MW. The project is expecting a Finance Close (FC) in Q3 2022, so the project team has prepared a risk register with over 150 risks and levers throughout the project lifecycle. Overall risks include risks with Development Expenditure (DEVEX) impact, a Capital Expenditure (CAPEX) impact, and an Operating Expenditure (OPEX) impact. Based on the identified risks, a more qualitative assessment of Cost and Schedule Impact was conducted. In conclusion, a Monte Carlo simulation was performed to propose a quantitative risk assessment to evaluate a benchmark contingency of the project cost.

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The Process of R&B Project-Priority Ordering in Defense Technology (국방과학기술 연구개발 우선순위설정에 관한 연구)

  • Lee Jeong-Dong;Lee Choon-Joo;Jang Won-Joon;Park Hong-Suk
    • Journal of the military operations research society of Korea
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    • v.30 no.2
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    • pp.122-132
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    • 2004
  • The aim of this paper is to show the process of R&D Project-Priority Ordering in the Defense Technology field. We propose specific methods (Delphi, Analytic Hierarchy Process (AHP), Scoring) to order the R&D Project-Priority. In general, to decide the priority of R&D projects most of researches depend on questionnaires which are surveyed by experts. However, it is criticized that this process cannot reflect the limitation of experience and knowledge of experts. In this process, we separate evaluators in two parts: the first is strategic experts, the second is technical experts. Evaluators can choose and evaluate the alternatives which they are familiar with, so we can obtain reliable results. Finally, based on our process of the R&D Project-Priority Ordering we formulate policy implications for managing the defense technology.

Selecting Six Sigma Projects

  • Akpolat, Hasan;Xu, Jichao
    • International Journal of Quality Innovation
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    • v.3 no.2
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    • pp.132-137
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    • 2002
  • The quality improvement methodology Six Sigma gained enormous international popularity in the past few years, mainly due to its successful implementation at General Electric. Six Sigma is now commonly understood not only as a statistical measure for process performance (6$\sigma$ stands for 3.4 defects per million opportunities) to improve product quality but it has also become a strategic initiative undertaken by many organisations to improve management quality. In the centre of the Six Sigma methodology is the improvement project, often referred to as Black Belt or Green Belt project. Although every business is different and business priorities differ from company to company, however all businesses face the same problem when it comes to Six Sigma projects: How to choose the right project\ulcorner This article intends to provide some answers to this and other frequently asked questions about Six Sigma projects.

A Fuzzy Logic Based Software Development Cost Estimation Model with improved Accuracy

  • Shrabani Mallick;Dharmender Singh Kushwaha
    • International Journal of Computer Science & Network Security
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    • v.24 no.6
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    • pp.17-22
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    • 2024
  • Software cost and schedule estimation is usually based on the estimated size of the software. Advanced estimation techniques also make use of the diverse factors viz, nature of the project, staff skills available, time constraints, performance constraints, technology required and so on. Usually, estimation is based on an estimation model prepared with the help of experienced project managers. Estimation of software cost is predominantly a crucial activity as it incurs huge economic and strategic investment. However accurate estimation still remains a challenge as the algorithmic models used for Software Project planning and Estimation doesn't address the true dynamic nature of Software Development. This paper presents an efficient approach using the contemporary Constructive Cost Model (COCOMO) augmented with the desirable feature of fuzzy logic to address the uncertainty and flexibility associated with the cost drivers (Effort Multiplier Factor). The approach has been validated and interpreted by project experts and shows convincing results as compared to simple algorithmic models.

ODA project - Develop Cooperation between Viet Nam and Korea in Agriculture

  • Khoa, Hoang Viet Bach;Le, Le Ba;Kim, Moung-Su;Byeon, Ji-Hui;Lim, Jong-Min;Jang, Hye-Ri;Cho, Joon-Hyeong
    • Proceedings of the Plant Resources Society of Korea Conference
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    • 2011.10a
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    • pp.15-15
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    • 2011
  • Vietnam is one of a country with an important strategic position in economic development in the Asia Pacific region. In addition, Vietnam has a longtime agricultural more than 70% of agricultural labor. With favorable natural conditions, agricultural growth in Vietnam is'key'to the developing countries. However, Vietnam's agriculture has still encounter many problems due to drought, climatic conditions, natural disasters. The level of development and agricultural production is weak, the process of post-harvest storage is limited and particularly agricultural competitiveness with other countries is obstacles. In fact, the Government of Vietnam decided to cooperate with other countries have highly developed agriculture such as America, Korea, Japan... hoping to get help and promote agricultural development in a sustainable manner. Since 1992, Vietnam and Korea established formal diplomatic relations. During 20 years of cooperation and development, We have been obtained many satisfactory results not only in fields invest infrastructure, technological science but also exchange experience especially in the agricultural sector. From the Korea ODA project, Vietnam's agriculture in general has made significant progress. With vision, ODA projects continues to support the Central Highlands region in which the Da Lat city, Lam Dong province. Pass the cooperation between Dongguk University and Da Lat University has many positive results. Hopefully in the near future, the relationship between Vietnam and Korea in general will continue to grow strongly, the Korea ODA project will be continue to support Vietnam's agriculture in general and in particularly for the Central Highlands which in Da Lat City, Lam Dong province.

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Priority Setting for the Healthy City Program in Busan Using the Analytic Hierarchy Process (계층 분석법을 적용한 부산시 건강도시 사업의 우선순위 설정)

  • Yoon, Tae-Ho;Choi, Min-Hyeok;Cheong, Kyu-Seok;Kim, Yun-Hee;Kim, Keon-Yeop;Jung, Baek-Geun
    • Korean Journal of Health Education and Promotion
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    • v.28 no.3
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    • pp.31-42
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    • 2011
  • Objectives: Busan had the highest mortality and the shortest life expectancy at birth among 16 provinces in Korea in 2008 and there were considerable health inequalities within the region. This study was performed to build up a priority setting framework in Healthy City Busan project. Methods: Analytic hierarchy process was used to determine the relative priority weight for different strategic and program dimensions along with the consistency of response. An on-site workshop-based meeting (calculating importance) and online survey (calculating risk) were conducted to obtain data from 8 experts. Results: The results showed that in strategic criteria "active health promotion & diseases prevention" and "building infrastructure for the Health City project" were two most important factors. In program criteria, considering both importance and risk scores, "making a healthy community" and "building community health centers" in disadvantaged areas were a top priority group. In addition, "enacting an ordinance for the Healthy City", "building the infrastructure for health impact assessment" and "making health care safety net for vulnerable population" were also higher priorities group. Conclusions: Our findings suggest that the Healthy City project in Busan should be focused on strengthening health equity and building infrastructure for sustainability of the project.

A Study on the Direction of Promoting Self-Reliant Islands Using Ocean Energy (해양에너지를 활용한 에너지 자립 섬 구축방안)

  • Lee, Woong Kyu
    • Journal of Digital Convergence
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    • v.21 no.2
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    • pp.1-7
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    • 2023
  • This study examines the policy direction for energy self-reliant islands using marine energy. In other words, it was suggested that the environmental characteristics of the ocean should be considered by conducting a strategic marine environmental impact assessment when establishing an energy-independent island project plan. It was also suggested to proceed with preemptive site selection. In particular, it was emphasized that continuous monitoring of the marine environment should be carried out during the construction and operation of the marine energy development project. In addition, I emphasized the need to seek ways to expand marine environmental impact data and to actively participate and support the residents of the island, which is important in promoting self-reliant islands using ocean energy. This can be said to have a high probability of success when the government-led smart grid project group and KEPCO collaborate with each other. The results of the study analyzed through literature review are as follows. First, active participation and support for initiatives led by residents are needed. second,. KEPCO must collaborate with specialized public institutions such as the Smart Grid Project Group. Third, a strategic marine environment impact assessment should be introduced. Fourth, continuous marine environmental impact investigations should be conducted.

Study on the Certificate System of the EIA Project Manager through Collaborative University Curriculum in Korea (한국에서 대학교과과정과 연계된 환경영향평가사 자격부여에 관한 연구)

  • Kim, Im-Soon;Han, Sang-Wook
    • Journal of Environmental Impact Assessment
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    • v.17 no.1
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    • pp.81-95
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    • 2008
  • The study is intended to develop the measures to introduce the Environmental Impact Assessment (EIA) project manager (Environmental Assessor), who will be responsible for leading the EIA task. This role requires a quality standard of expertise in the area of natural science, social science, knowledge and technology on environment design mechanism, and the integrated approaches that combine the relevant policies and systems. To facilitate the system, the certificate will be given to the person who is well acquainted with the knowledge on EIA with relevant experiences, thereby authorizing them to coordinate the assessment task for reliable outcome. Hence, the need for introducing the system is very crucial. The EIA project manager, as a guide for an EIA project team, shall be the person who has a comprehensive understanding of the project, the knowledge about the principal for implementation of EIA and the expertise in structuring the management system, with a skill to maintain the good relationship with the people engaged in the project. To that end, it is highly recommended to set up such a certificate system to be incorporated in the college curriculum.