• Title/Summary/Keyword: Construction project

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Time-Profit Trade-Off of Construction Projects Under Extreme Weather Conditions

  • Senouci, Ahmed;Mubarak, Saleh
    • Journal of Construction Engineering and Project Management
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    • v.4 no.4
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    • pp.33-40
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    • 2014
  • Maximizing the profitability and minimizing the duration of construction projects in extreme weather regions is a challenging objective that is essential for project success. An optimization model is presented herein for the time-profit trade-off analysis of construction projects under extreme weather conditions. The model generates optimal/near optimal schedules that maximize profit and minimize the duration of construction projects in extreme weather regions. The computations in the model are organized into: (1) a scheduling module that develops practical schedules for construction projects, (2) a profit module that computes project costs (direct, indirect, and total) and project profit, and (3) a multi-objective module that determines optimal/near optimal trade-offs between project duration and profit. One example is used to show the impact of extreme weather on construction time and profit. Another example is used to show the model's ability to generate optimal trade-offs between the time and profit of construction projects under extreme weather conditions.

A Study on Optimal Duration Estimation for Construction Activity

  • Cho, Bit Na;Kim, Young Hwan;Kim, Min Seo;Jeong, Tae Woon;Kim, Chang Hak;Kang, Leen Seok
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.612-613
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    • 2015
  • As a construction project is recently becoming large-scaled and complex, construction process plan and management for successful performance of a construction project has become more important. Especially a reasonable estimation plan of activity duration is required because the activity duration is directly related to the determination of the entire project duration and budget. However, the activity duration is used to estimate by the experience of a construction manager and past construction records. Furthermore, the prediction of activity duration is more difficult because there is some uncertainty caused by various influencing factors in a construction project. This study suggests an estimation model of construction activity duration using neural network theory for a more systematic and objective estimation of each activity duration. Because suggested model estimates the activity duration by a reasonable schedule plan, it is expected to reduce the error between planning duration and actual duration in a construction project. And it can be a more systematic estimation method of activity duration comparing to the estimation method by experience of project manager.

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A Development of Project Performance Predicting System(PPS) considering Construction Project Characteristics (건축 프로젝트의 특성을 고려한 성과 난이도 예측 시스템 개발)

  • Ko, Young-Jin;Cha, Hee-Sung
    • Korean Journal of Construction Engineering and Management
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    • v.12 no.1
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    • pp.62-72
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    • 2011
  • Currently, The failure of construction project is increasing to be caused by a changing construction environment. According to this circumstances, Researches of project success factors affecting performance have been presented to develop strategies for efficient construction project management in the construction industry. However, Conducting efficient construction project management is difficult because project manager could not know which project success factors can be improved or not. Especially, although the project characteristics were derived the level of difficulty for performance, research of the project characteristics which could not be improved as influence factor to performance is lacking. Therefore, This paper has developed the Performance Predicting System(PPS) with Fuzzy set theory to establish. PPS has been developed to establish efficient project management strategies and to save time and effort. As Contractor inputs the project characteristics, PPS can predict the level of difficulty of performance.

Improvement of Construction Management System in Public Construction Projects - Focused on the Total Project Cost Management Guidelines - (공공 건설사업의 효율적 건설사업관리수행을 위한 제도개선방안 - 총사업비관리지침을 중심으로 -)

  • Cho, Youngjun
    • Korean Journal of Construction Engineering and Management
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    • v.21 no.1
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    • pp.3-11
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    • 2020
  • In large public construction projects with a certain size or larger that need to be carried out over a number of years, the Authority must secure a budget for construction project management activities by the construction manager. There is no problem if the project management budget secured by the issuing Authority and the project management budget executed by the issuing Authority are the same, but if not, various problems will arise. Therefore, in this study, the following measures were proposed to improve the system for efficient operation of construction project management: First, the construction project management terms and tasks specified in the statutes and the guidelines of government agencies should be unified and the standard for calculating consideration should be unified. Second, the total project cost management guideline should be specified so that the missing construction project manager can receive compensation for the technical proposal. Third, if the project cost is changed in the long-term continuous construction project, the construction project management expense should be adjusted accordingly. Fourth, if construction project management service is required from the Authority, the basis for consignment to a specialized institution should be specified in the total project cost management guideline.

Essence Applicability Matrices for the Reduction of Project Cycle Time

  • Hong, Tae Hoon;Son, Jae Ho
    • Architectural research
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    • v.8 no.1
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    • pp.57-68
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    • 2006
  • Global competition and reduced project life cycle ultimately puts greater performance requirements on the capital project delivery systems used to maintain competitiveness. Despite continuing improvements in delivery cycle time, business owners of facilities continue to demand greater improvements in project delivery cycle time. Therefore, it is very important to investigate the various techniques and methods leading to reduction in project cycle time and also identify the applicability of identified techniques and methods. This paper introduces reduction techniques identified through literature review (i.e, Schedule Reduction Techniques (SRTs), Management Techniques (MTs), and Construction Institute Industry (CII) Best Practices (BPs). In order to collect applicability of these techniques under different project phases (Pre-project planning (PPP), Design (D), Material Management (MM), Construction (C), and Start-up (SU)), the Essence Applicability Matrices (EAM) is used.

An Analysis on the Importance of the Risk Factors Considering the Reasons for the Increase of the Subcontract Construction Project Bid Cost (건설프로젝트 하도급 입찰금액 상승요인을 고려한 리스크인자의 중요도에 관한 분석)

  • Lee, Sung-Goo;Shin, Hyun-In
    • Journal of the Korea Institute of Building Construction
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    • v.7 no.1 s.23
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    • pp.63-70
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    • 2007
  • The aims of this study are to draw the project risk factors by grasping the relation especially between the construction preparation cost calculation and the project risk factors in the project's bidding stage, and to draw the cost estimate based on the risk when the orderer or the constructer performs the project and the main factors in calculating the most suitable construction cost by clarifying the understanding degree of the influence between the risk factors and the construction cost. In addition, this study can give a help to the proper decision -making through the prediction of the construction preparation cost, and this study is expected to give the basic data in developing the assessment tool for the most suitable construction cost of the project.

Structural Work Duration Estimation and Analysis of Tower-Type Residential Construction Project

  • Yun, Seok Heon;Kim, Sang Chul
    • Architectural research
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    • v.14 no.3
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    • pp.109-116
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    • 2012
  • In order to shorten construction duration in high-rise project, construction company tried to make various system method toward simplifying construction method and shortening construction duration. Though high-rise tower-type residential project are growing, there are few case study. Then, the data for preliminary schedule planning in high-rise tower-type residential project are rare. This purpose of research shows construction method in structural work in high-rise tower-type residential project, suggests schedule planning in structural work through case studies. The structural work in high-rise tower-type residential project was divided 1) completion of form in lower part and 2) the typical floor under penthouse. The statistical analysis were done in two parts, the data from analysis were used in simulation. Finally, researcher confirmed the difference between real construction duration and the figure from simulation. The results shows that the more construction duration is long, the less ACS's cost is low. It means the effectiveness is increasing in ACS, if the floor number is high.

Investigating delay factors in construction industry: A Korean perspective

  • Acharya, Nirmal Kumar;Im, Hae-Man;Lee, Young-Dai
    • Korean Journal of Construction Engineering and Management
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    • v.7 no.5
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    • pp.177-190
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    • 2006
  • Construction projects are facing delay problems. Delays in construction have been immense effect on performance or satisfactory delivery of the project. Delays have been causing project cost overrun as well as it is a source of dispute hence damaging the relationship between the project participants. The purpose of this study was to explore the causes of delay risk through a field survey study. Data were collected from construction professionals working in owner, consultant and contractor organizations. All together 208 questionnaire instruments were used and analyzed by employing statistical tools (SPSS computer program). 19 delay factors were identified by this study, out of which following factors were critical: Frequent interruptions from public (local people, pressure group etc.), changed site condition, failure to provide required construction site, unrealistic project time estimation and design errors.

SYSTEM ARCHITECTURE FOR INTEGRATION OF CONSTRUCTION E-BUSINESS SOLUTIONS: A MODEL FOR ENTERPRISE RESOURCE PLANNING AND PROJECT MANAGEMENT SYSTEM

  • Boong-yeol Ryoo;Irtishad U. Ahmad;Juan Zheng
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.497-502
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    • 2005
  • Needs of automation and computerization in the construction industry has been recognized but the implementation of e-business solutions with project management systems has not been fully explored. In order to cope with different management practices in home office and project sites, integration of two popular systems, Enterprise Resource Planning (ERP) and Project Management System (PMS) is essential. The objective of this study is to find ways to functionally and systematically integrate ERP and PMS. With the integration of ERP and PMS, a project will be managed much more efficiently and effectively. It is expected that this study will benefit system integrators and help them to understand construction management processes and integrate the solutions with minimized programming work.

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Management Structure Improvement by Construction Management in The Project Financing Development Projects (프로젝트파이낸싱 기반 수익형개발사업에 CM적용을 통한 관리구조 개선방안)

  • Lee Eun-Suk;Kim Yang-Hyun;Jung Yong-Chan;Koo Kyo-Jin;Hyun Chang-Taek
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.250-253
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    • 2003
  • Many construction companies have been trying to extend their businesses to the development projects after IMF. Project financing was introduced to the construction market and has been popular with construction companies which can not furnish funds for project by themselves. But, there are so many problems that project financing has not been activated in the construction field. One of the main factors that disturb activation of project financing is distrust about construction management among participants. This distrust is caused by the lack of speciality, objectivity, clearness about CM. So, to process business successfully, they need specialty and objectivity for the construction management. In this research, I analyzed the role and duty of the main participants about CM in the development project ana suggested an advanced management structure in order to activate project financing in the development projects.

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