• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2004.11a
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• pp.13-19
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• 2004

In most PFI(Private Finance Initiative) projects in Korea, the project management are in charge of the Special Purpose Company(SPC) established for carrying out the project. This paper is a case study about an owner CM executed by the organizations and staffs of SPC itself. : Seoulbeltway (Ilsan $\~$ Toegaewon) Private Investment Project. In time management area, the SfC was the leader of project management throughout the life circle - plan, design, permit, construction, operation and maintenance - beyond the schedule manager's role. In cost management area, the methods of reducing the total costs by VE, new technologies, etc. has been needed assuming the construction risks were subject to SPC.

• Korean Journal of Construction Engineering and Management
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• v.8 no.5
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• pp.132-141
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• 2007

According to the public information of the Ministry of Education & Human Resources Development, the construction project of educational facilities from 2005 to 2007 will use BTL (Build-Transfer-Lease) contract. Budget of those projects will be the worth over 13 trillion won. In this research, the estimation standards for the public health maintenance expenses are established which is the part of the operation and maintenance cost in the total BTL project cost. Also, a system core module using the developed standard was introduced in this paper. A comparative analyses were conducted with the several possible estimation case to validate the system developed.

• Korean Journal of Construction Engineering and Management
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• v.17 no.5
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• pp.54-61
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• 2016

The initial planned annual cost is frequently adjusted under the construction process in construction projects. If the annual cost is reduced than the initial planned cost, the number of possible activities is also reduced from initial planned progress schedule. In such cases, project manager need to replan the progress schedule with possible activities within changed annual cost. However, most project manager will proceed as planned schedule without any change. After the project cost has been exhausted, there are many cases to stop the operation of the construction site. This study developed active 5D CAD system that can replan the progress schedule within changed annual cost and simulate the cost status according to the changed schedule for cost visualization. This system can be used as a decision-making tool in the replaning progress schedule and will be able to increase the practical usability of 5D CAD system.

• Land and Housing Review
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• v.3 no.4
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• pp.415-421
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• 2012

In case of Korean housing complex, there became more mixed arrangement of buildings with different number of layers for a variety of urban skyline, recently. For example, around 33% of the construction sites of 'A' public corporation have gaps of more than 4 layers between high-rise buildings and low-rise ones in the same site, according to the survey. Generally, construction duration of the housing complex is estimated based on the layers of the highest building. Due to this baseline, whole construction duration could be extended so that the project cost could be increased. Therefore, framework duration of higher-rise buildings should be reduced to secure the feasibility of the project. On the other hands, these shortenings could adversely harm the feasibility in some cases because there are a wide range of combinations of the buildings with different number of layers in designing housing complex. Therefore, this study shows the results of analysis on effects of framework time shortening on the cost in housing complex project. Moreover, this could set the baseline of checking possibilities in condensing the construction duration of projects with buildings of different layers by supplying comprehensive database.

• Korean Journal of Construction Engineering and Management
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• v.21 no.2
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• pp.79-87
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• 2020

The Korean domestic construction management at risk (CMAR) market is in the process of completing the pilot project execution under the leadership of the Ministry of Land, Infrastructure and Transport as of December 2019. The government starts practicing CMAR an alternative delivery method widely in order to diversify delivery methods and enhance construction technology. The CMAR market is thus expected to grow. This study was conducted to improve CMAR firms' capability by developing self-assessment tools for them to evaluate current capability more effectively. As a result of defining standard core capability and additional elements categorized by project execution phase and management area, and performing evaluation from the CMAR project participants, it was found that the general project management capability in the pre-design and procurement phase and quality management area was lower compared to the construction phase and other areas. In addition, the capability of cost management area was lower in spite of its high importance. Communication and coordination, process optimization, and target values achievement were at the initial level of capability and continuous improvement was required.

• Defense and Technology
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• no.1 s.299
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• pp.30-41
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• 2004

국방획득사업은 정보화.과학화된 첨단 군사력을 건설하기 위해서 막대한 재원이 소요되는 반면, 군사력 건설에 필요한 재원확보 여건은 매우 어려운 실정이기 때문에 제한된 가용재원을 투자하여 획득사업을 효율적으로 추진하는 것이 무엇보다 중요하다. 국방분야는 이제 소요결정, 획득사업관리 등에서 과거의 비효율적 요소들이 모두 개선되어야하며 진정으로 국가와 군이 필요로 하는 무기체계를 경제적으로 획득하여야 한다.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2004.11a
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• pp.224-227
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• 2004

As a project progresses, it is well known that construction manager has to define the contingency for the expected project cost, which is used as a buffer for uncertainty. In this study, we mention uncertainty as the amount of likelihood that is difficult or impossible to predict project cost. From the completed work package, we obtain the true cost value, and this information is technically good data for estimating the realistic contingency of work packages to be accomplished. Based upon this historical information, construction manager recomputes the contingency for the remaining works. Conditional probability theory is often useful for re-estimating one of the remaining project progress as the true cost of the completed works can be different from the planned cost. As a project is progressing, true value is really important to predict the realistic project budget and to decrease the uncertainty. In this study, we gave applied conditional probability theory to estimating project contingency supposing a project that consists of fire work packages, provide the fundamental framework for setting and controlling project contingency.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2008.11a
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• pp.143-148
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• 2008

This study is VE LCC case analysis on two school BTL projects which is constructed by Private sector and rented to government. Then private sector payback their initial cost and profit by rental fee from government. The VE in Korea, revised by the method of the Construction Technique - Enforcement Ordinance in 2005 is applicable to construction business which size is over 10 billion won. The VE well known as a way of productivity elevation is already proven and outstanding management method In construction industry inside and outside of the courtly. As its unique personality of BTL business, VE workshop period is too short. There is a few accomplished BTL project and data base, because BTL business begun from year of 2006. So we are trying to proof effect of VE LCC through case study of school BTL projects.

• Korean Journal of Construction Engineering and Management
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• v.6 no.1 s.23
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• pp.162-168
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• 2005

Index adjusted ratio method has been widely utilized in public construction sector for contract sum adjustment by price fluctuation. In this method, the Production Price Index are used for the base ratio, but the PPI can't reflect the character of construction project in respect of the selected items and weight. In this research we prove the problem of using the index adjusted ration method in contact sum adjustment by price fluctuation, and improve it by using the construction cost index, which has the property of construction project. And we figure out the efficiency of the proposed method by case study.

• 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.