• Title/Summary/Keyword: time and cost integration

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Performance Management through Time-Cost Integration in Construction Project (비용-일정 통합관리를 통한 건축공사 실적관리)

  • Kim Dong-Jin;Lim Hyoung Chul;Choi Jung Suk
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.379-382
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    • 2001
  • In domestic construction industry, time and cost has been managed separately in most cases. Usually projects are managed focused on cost, so time is not yet managed systematically. Project performance in these managemental situation can not be assessed correctly. This would cause project delay, cost overrun, productivity loss. Therefore it is needed to adopt earned value concept, an approach used in the management and control of project costs and schedules. Using this EV concept through time-cost integration, project can be managed properly based on the consistency, predictability, and reliability of the performance data. This paper proposed time and cost integration process, proper PMT method, and practical performance management model through time and cost integration.

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Construction Cost-Schedule Integration Management Methodolgy by using Progress Integration Unit (성과측정유닛을 활용한 건설 비용 - 일정 통합관리 방안)

  • Kang, Namhee;Choi, Jaehyun
    • Korean Journal of Construction Engineering and Management
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    • v.18 no.3
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    • pp.42-51
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    • 2017
  • Measuring and evaluating project progress and performance are the key element of the construction project success. Construction progress is typically measured quantitatively by evaluating cost and time allocated to the project deliverable, and thus properly integrating cost and time is essential to the project management. This research was performed to propose an alternative methodology to integrate the cost and time and provide a framework for the progress measurement. The researchers developed a typical work process for the cost and schedule planning and also developed an alternative cost-schedule integration method by using progress integration units (PIU). A discipline of a construction phase served as a common level for WBS and CBS integration, so the PIUs'were defined under discipline. A case study project was selected to validate the developed methodology. The result showed the proposed method improved efficiency of cost and time integration. The result also showed the excluding material for the progress measurement purpose significantly reduced the bias of progress measurement.

Integration Model of Cost and Schedule in Aluminum Form Work based on Quantity Take-offs and Daily Productivity Analysis (물량 산출 및 생산성 분석 기반의 거푸집공사 비용공정 통합 모델)

  • Ji, Soung-Min;Hyun, Chang-Taek
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2011.11a
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    • pp.17-18
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    • 2011
  • Over the past 20 years, Researchers have tried to develop "Integration Model of Cost and Schedule" in construction industry. They suggested various models and techniques, however, it is still required to develop new methodology for AL Form Work in Public Multi-Housing Projects. Accordingly, this research focused on measuring quantity take-offs of on-going projects and analysing the basic process of using the resources(Labor, Material, Plant) related to cost and time data. There are 3 steps of this research : 1) The literature review of previous studies about Integration Model of Cost and Schedule was conducted. 2) Model for integration between cost and schedule was developed. 3) the accuracy of developed model was verified. The results are expected to improve in integrated managing the cost and schedule data of AL form work.

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Challenges to Prevent in Practice for Effective Cost and Time Control of Construction Projects

  • Olawale, Yakubu A.
    • Journal of Construction Engineering and Project Management
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    • v.10 no.1
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    • pp.16-32
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    • 2020
  • Cost and time control of projects is important in preventing project failure. However, achieving effective cost and time control in practice is often challenging. The challenges of project cost and time control in practice are investigated by carrying out a questionnaire survey on the top 150 construction contractors in the UK followed by in-depth semi-structured interviews of practitioners from 15 construction companies in the country. Quantitative analysis reveals that design change is the most important factor inhibiting the ability of UK contractors from effectively controlling both the cost and time of construction projects. Four of the top five factors inhibiting effective cost control are also the top factors inhibiting effective time control albeit in a different order. These top factors-design changes, inaccurate evaluation of project time/duration, risk and uncertainty, non-performance of subcontractors and nominated suppliers were also found to be endogenous factors to the project. Additionally, qualitative analysis of the interviews reveals 16 key challenges to prevent for effective project cost and time control in practice. These are classified into four categorised based on where they stem from as follows; from the organisation (1. Lack of integration of cost and time during project control, 2. lack of management buy-in, 3. complicated project control systems and processes, 4. lack of a project control training regime); from the construction management/project management approach (5. Lapses in integration of interfaces, 6. project control not being implemented from the early stages of a project, 7. inefficient utilisation and control of labour, 8. limited time devoted to planning how a project will be controlled at the outset); from the client; (9. Excessive authorisation gates, 10. use of adversarial and non-collaborative forms of contracts, 11. communication problems within client set-up, 12. obstructive client representatives) and; from the project team (13. Lack of detailed/complete design, 14. lack of trust among the project partners, 15. limited time devoted to project control on site, 16. non-factual reporting). The study posits that knowledge of these project control inhibiting factors and challenges is the first step at ensuring they are avoided and enable the implementation of a more effective project cost and time control process in practice.

A Study on the Development of an Avionics System (항공전자 시스템 개발에 관한 연구)

  • Yang, Sung-Wook;Lee, Sang-Chul
    • Journal of the Korean Society for Aviation and Aeronautics
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    • v.15 no.1
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    • pp.61-67
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    • 2007
  • The importance and cost of avionics system in the integration of an aircraft is continuously increasing. And we can expect enlarged software portion in the system integration for the more intelligent, reliable, and automated avionics system. Both military and commercial avionics community have moved toward commercial-off-the-shelf(COTS) equipment and open systems architecture not only to increase affordability but also to reduce acquisition cost, shorten development time and risk. The same concept is applied in developing avionics test system used for the avionics system integration test. In this paper, we present important topics in the development of avionics system including real-time operating system, interconnect data bus, software development methodology, software development process, and system integration test.

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A Study on developing WBS based QDBS(Quantity Database System) for the schedule and the cost data integration for road construction project (도로공사의 공정 및 공사비 연계활용을 위한 디지털 수량산출정보시스템(QDBS) 개발 연구)

  • Yun, Seok-Heon;Kim, Seong-Sig
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.4
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    • pp.119-127
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    • 2007
  • Cost and Schedule is the most important information, and how efficiently manage this information is the key issue for Construction Project Management. Domestically, systematic scheduling method such as CPM network is not only used widely but integration of time and cost information also is. In order to effectively integrate and use the time and cost information, it is suggested that WBS(Work Breakdown Structure) based QDB(Quantity Database) should be generated from the design phase and, WBS and QDB related system tool should be supported. It could be helpful to relate and integrate other construction project information.

A computationally efficient numerical integration scheme for non-linear plane-stress/strain FEM applications using one-point constitutive model evaluation

  • Hector R. Amezcua;Amado G. Ayala
    • Structural Engineering and Mechanics
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    • v.85 no.1
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    • pp.89-104
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    • 2023
  • This work presents a proposal for employing reduced numerical integration in the formulation of the 4-node quadrilateral solid finite element. The use of these low-order integration rules leads to numerical instabilities such as those producing the hourglass effect. The proposed procedure allows evaluating a given constitutive model only in one integration point, achieving an attractive computational cost reduction and, also, successfully controls the hourglass effect. A validation of the proposal is included and discussed throughout the paper. To show the efficiency of the proposal, several application examples of masonry structures are studied and discussed. To represent the non-linear mechanical behaviour of masonry a plastic-damage model is implemented within the application of this sub-integration scheme. Also, in order to have a full and computationally efficient strategy to determine the behaviour of masonry structures, involving its evolution to collapse, a homogenization technique with a macro-modeling approach is used. The methodology discussed throughout this paper demonstrates a substantial computational cost reduction and an improved approximation of the non-linear problem evidenced by a reduction of up to 85% of the computational time for some cases.

Development of Query Transformation Method by Cost Optimization

  • Altayeva, Aigerim Bakatkaliyevna;Yoon, Youngmi;Cho, Young Im
    • International Journal of Fuzzy Logic and Intelligent Systems
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    • v.16 no.1
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    • pp.36-43
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    • 2016
  • The transformation time among queries in the database management system (DBMS) is responsible for the execution time of users' queries, because a conventional DBMS does not consider the transformation cost when queries are transformed for execution. To reduce the transformation time (cost reduction) during execution, we propose an optimal query transformation method by exploring queries from a cost-based point of view. This cost-based point of view means considering the cost whenever queries are transformed for execution. Toward that end, we explore and compare set off heuristic, linear, and exhaustive cost-based transformations. Further, we describe practical methods of cost-based transformation integration and some query transformation problems. Our results show that, some cost-based transformations significantly improve query execution time. For instance, linear and heuristic transformed queries work 43% and 74% better than exhaustive queries.

A COST-BENEFIT ANALYSIS OF INTEGRATING ERP SYSTEMS WITH PROJECT MANAGEMENT SYSTEMS IN CONSTRUCTION

  • BooYoung Chung;Miroslaw J. Skibniewski
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.575-586
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    • 2005
  • This paper presents an approach to quantifying the costs and benefits of integrating ERP systems with project management systems, including potential time and cost savings. To properly identify the costs and the benefits, the paper shows the relevant construction information flows and the desired milestones in the integration process. The proposed benefit analysis model should allow construction firms considering the integration of their ERP systems with legacy systems or commercial project management software make informed decisions in regard to the existing alternatives in the early stages of decision making.

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Implementation of Optical neural Netwoks Based on Parallel rank-One Interconnections and Time Integration

  • Jeon, Ho-In;Choi, Jin-San;Shin, Chang-Min;Kang, Yo-Sik;Jung, Nak-Hee
    • Proceedings of the Optical Society of Korea Conference
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    • 1998.08a
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    • pp.220-221
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    • 1998
  • An optical implementation of higher order neural networks based on based principal component analysis and time integration has been described. The principal component analysis combined with time integration allows larger input size than fully spatial neural networks at the cost certain amount of time consumption. This time-integration usage actually breaks down the barrier of the maximum space-bandwidth product that optical systems can offer.

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