• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2006.11a
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• pp.295-300
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• 2006

In this research, risk factors which can raise project cost are identified in the initial stage and picked out through the decision maker's baseline. And also this probable risks are implemented to the project cash flow to estimate the contingency and to build a risk management system in the level of project. The risks that affect the projects profits were classified in two categories in the risk checklist. Firstly, financial risks derived from the external economic conditions for example exchange rate, escalation, interest rates etc. are analyzed through the stochastic methods, Monte-Carlo Simulation. Secondly, the project individual risks which are come from the project characteristics, for example country risk, clime, owner etc., are evaluated using the utility curve of the decision maker. Finally these risk analysis methods are used to forecast the actual project cash flow and final profit.

• Journal of Intelligence and Information Systems
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• v.7 no.1
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• pp.81-95
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• 2001

Plant construction projects usually take much higher uncertainty and risks than the projects from other domains. This implies the importance of plant construction project management should be more emphasized than the other domain. Especially, the overall successes of the projects often depend on the performance of process planning and scheduling performed at the initial stage of the project. However, most plant construction projects suffer great difficulties in establishing proper process planning and scheduling timely because of unstructureness and dynamicity of environment of the project itself In this paper, we propose a knowledge-based process planning and scheduling approach in a plant construction domain to cope this problem. First, we modulize process planning knowledge and present the knowledge representation scheme. Second, we propose an inferencing mechanism to build a process planning for plant construction based on the represented process planning knowledge. Since our approach automate the initial process planning, which was usually done by manual way, it can improve the correctness and also completeness of the process plan and schedule by reducing the time to plan and allowing simulations on the various situation. We also design and implement this our approach as a real working system, and it is successfully applied to real plant construction cases from a leading construction company in Korea. Based on this success, we expect our approach can be easily applied to the projects of other areas, while contributing to enhancement in productivity and quality of project management.

• Journal of Korean Society of Transportation
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• v.34 no.5
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• pp.421-436
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• 2016

Public-Private-Partnerships tend to be committed high project development cost and recover the cost through future revenue during the operation period. In general, long-term concession can bring on more revenue to private investors, but short-term concession less revenue due to the short recovering opportunities. The concession period is usually determined by government in advance or by the private sectors's proposal although it is a very crucial factor for the PPPs. Accurate traffic forecasting should be most important in planing and evaluating the operation period in that the forecasted traffic determines the project revenue with user fees in PPPs. In this regards, governments and the private investors are required to consider the traffic forecast risk when determining concession period. This study proposed a model for the optimal concession period in the PPPs transportation projects. Monte Carlo simulation was performed to find out the optimal concession period while traffic forecast uncertainty is considered as a project risk under the expected return of the private sector. The simulation results showed that the optimal concession periods are 17 years and 21 years at 5.5% and 7% discount level, respectively. This study result can be applied for the private investors and/or any other concerned decision makers for PPPs projects to set up a more resonable concession period.

• Annual Conference of KIPS
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• 2017.04a
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• pp.712-714
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• 2017

IT 사업은 개발 사업, 운영 사업, 유지보수 사업, 인프라 구축 사업으로 구분한다. IT 사업은 각 사업 특성에 맞는 개발 방법론과 사업관리 방법론을 사용한다. 하지만 최근 IT 사업은 운영 사업, 유지보수 사업, 개발 사업을 포함한 사업을 발주하고 있다. 이러한 사업 발주로 인하여 수행에 많은 문제가 생기고 있다. 이러한 사업을 복합운영 프로젝로 정의하고, 위험리스크를 도출하고 이러한 사항을 해결하기 위한 방안을 연구한다.

• Journal of the Korea Institute of Building Construction
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• v.7 no.3
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• pp.91-98
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• 2007

Recently a construction industry introduces information that brings about many advantages in the early planning phase, design phase and construction phase. Especially it replaces 2D, 3D systems(usually using explanation of drawing information) ai 4D CAD(offering a sort of 4D-having relation of construction schedule and 3D drawing information). Nevertheless a 4D has these benefits, it has limits which are not only usually using 3D modeling but also limit of making full use of practical affairs because of a lack of connecting varietals of progress of work. To solve these uppermost limits, this research is presenting unified systems to use in risk management which are efficient management of space and non-space information, space analysis, making full use of data base, introducing GIS system of easy interaction.

• Journal of Applied Reliability
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• v.8 no.3
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• pp.145-154
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• 2008

인공위성은 지상 시스템과는 달리 극한 발사환경 및 우주환경에 노출되고, 운용 중 수리가 불가능하며, 임무 실패에 따른 위험비용이 매우 크기 때문에 고신뢰성, 고비용의 부품, 장비 및 시스템을 채택하여 개념설계단계에서부터 신뢰성을 관리한다. 신뢰성 관리의 주요 목적은 설계변경 및 개발 사이클의 반복을 최소화하고, 개발비용을 절감하며, 시스템의 신뢰성을 향상시키기 위한 것으로서, 대부분의 우주시스템 개발 프로젝트에서는 제품보증(Product Assurance) 활동의 일환으로 수행된다. 제품보증 업무는 크게 품질보증, 신뢰성 관리, EEE 부품관리, 재료 및 공정(Material & Process) 관리, 오염관리, 소프트웨어 품질보증 등으로 구분되지만, 포괄적인 의미의 신뢰성 관리 범주에 이를 모두 포함시키기도 한다. 인공 위성의 개발과정에서 기술성능지표 중 하나로서 중점 관리되고 있는 시스템 신뢰성 관리의 세부기법, 프로세스, 개선 필요사항 등에 대하여 살펴보고자 한다.

• Korean Journal of Construction Engineering and Management
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• v.10 no.3
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• pp.83-91
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• 2009

Construction industry is a complex industry which should be invested with plenty capital, manpower and resources. Investment factors and inner and outer environmental factors should be managed systemically in terms with risk factors possible to occur. It maximizes the profit to establish construction management by managing risk systemically. While previous studies were executed with risk related to some special progress lively, studies about risk in managing construction company leave much to be desired. Therefore, this study examined risk in the whole construction management, showed the checklist and deduced the quantitative factors through questionnaire analysis from specialists. Also, priority and grade of construction management factors were evaluated by analyzing weight of construction risk factors.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• autumn
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• pp.345-348
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• 2003

The overall ability to manage the construction projects from an integrated perspective is important due to the emerging of high-rise building constructions. Potential hazardous of low productivity exist in the finishing work of high rise building a distinct example of the projects. Especially, the number of activities that should be controlled during finishing work is more than during skeleton work. Thus field managers should attract more attention to manage finish work activities. The low productivity of these activities can diminish that of skeleton work. Decision factors of the delivery system for finishing works in the high-rise building project is established by means of literature review and questionnaire survey and a basis to analyze the effects of the criteria to the deli very system is presented.

• 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.

• Korean Journal of Construction Engineering and Management
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• v.14 no.5
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• pp.175-187
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• 2013

Each participant in building construction project requires their own workspace to execute their activities. In this environment, inappropriate workspace planning in construction site causes workspace conflicts which result in a loss of productivity, safety hazard and poor-quality issues. Therefore, workspace should be regarded as one of the most important resources and constraints have to be managed at construction site. However, current construction planning techniques such as Gantt chart, network diagram and critical path method have proven to be insufficient to workspace planning. This paper contains formalized process for workspace planning in 4D BIM environment to prevent workspace related problems in construction project. The proposed process in this paper represents workspace occupation status for each activity and suitable solutions for identified workspace conflicts by integrating workspace attributes and activity execution plan. Based on the result of this study, project manager will be able to prevent probable workspace conflicts and negative effect on project performance by devising appropriate workspace plan during preconstruction phase.