• Title/Summary/Keyword: Earned Value

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A Study on the EVMS for successful application to KHP program (한국형 헬기 시제품 개발을 위한 EVMS 적용방안에 관한 연구)

  • We, Oh-Gie;Chung, Ho-Su
    • Journal of the military operations research society of Korea
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    • v.32 no.1
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    • pp.73-89
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    • 2006
  • In this paper, EVMS procedure for KHP program is presented. Research and development of a defense system as a long lead program has a high probability of cost growth due to the uncertainty and risk. Therefore, meeting schedule, technical performance and preventing excessive cost overrun are the main concerning point to successful research and development program. EVMS(Earned Value Management System) is a program management system using earned value to control cost, schedule and technical performance. In order to control cost and schedule and to meet technical performance requirements of the KHP research and development program, it is necessary for us to adapt EVMS to the program.

A Study of Contents's Effect on Intercultural Communication (콘텐츠가 문화커뮤니케이션에 미치는 영향)

  • 신정숙
    • Archives of design research
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    • v.11 no.1
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    • pp.33-42
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    • 1998
  • The movie, (Jurassic Park) made by ultramodern Computer Graphics has earned 100 million dollors admission fee in 9 days after opening release and has earned 3000 million dollors that add direct income to relative field income composed by fancy industry, theme park, and so on. If you compare the income with hollywood movies with ours total amount of export, you will know the contents industry scale Many countries weight on contents industry in national supports movies, now. All image softwares that have same target movies, computer game, animation, etc. compress to contents to entertainment and was expected to secure the superiority on the 21th ultramodern media industry. The one have hegemony 21th information period if how much have the contents by the dizital broadcasting. But meaning of intercultural communication play on important part more value of contents than value of political and economical aspect.

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A Study on the Establishment Plan of Integrated Construction Information Classification (통합건설정보분류체계의 구축방안에 관한 연구)

  • Lee Kyo Sun;Park Hwan Pyo;Oh Uno;Park Sang Hun
    • Korean Journal of Construction Engineering and Management
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    • v.3 no.2 s.10
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    • pp.99-106
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    • 2002
  • It was few to the integrated information classification system In domestic construction. Furthermore, it became considerable obstacles to hamper the increase of national competitiveness as well the hoarding of information and overlapped investment. The standardization of information classification is also necessary prior to the Computer-Integrated Construction, CALS(Continuous Acquisition & Life-cycle Support/Electronic Commerce) in construction, EVMS(Earned Value Management System) and the various projects which manipulate construction information. Therefore, this report suggests the development direction and application proposal of Integrated Construction Information Classification.

Study on Project Management Method of Naval Ship Building in Monetary Fluctuations (금융환경 변동 하에서 실적가치 기법에 의한 함정건조사업 관리 방안 연구)

  • Kim, Hyung-Man;Seo, Guan-Hee;Kim, Soo-Young
    • Journal of the Society of Naval Architects of Korea
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    • v.42 no.5 s.143
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    • pp.542-549
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    • 2005
  • Naval ships are complex weapon systems which play the integrated performance by system integration of many kinds of weapon systems and their leading ships are usually not disposed after test and evaluation but militarised. Then, strict project management is required for naval ship building projects by identifying problems early and by taking prefer measures in time against unexpected situations encountered in the process of the projects. EVMS is a project management system which can manage the schedule and the budget of a project concurrently and estimate the project's time duration and the cost at project completion. In this paper, the applicability and usefulness of WMS is studied for a assumed navai ship building project, in the environment of monetary fluctuations such as price index, wage increase rate and exchange rate.

Practical Issues of Earned Value Management Systems (EVMS) for Nuclear Power Plant (NPP) Construction

  • Jung, Youngsoo;Kim, Sungrae;Moon, Byeong-Suk
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.696-697
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    • 2015
  • Cost, schedule, and quality are the three major performance indicators for any construction project. Under the globalized competition in the nuclear industry, researchers and practitioners have also explored a systemized and integrated management system for cost, schedule, and quality. In order to address this issue, the concept of earned value management system (EVMS) has been often utilized. However, implementing EVMS for a mega-project of nuclear power plant (NPP) construction requires extensive overhead efforts. Though previous studies proposed structures and methods for effective NPP EVMS, there has been no legitimate study for data collection strategy for practical implementation. In this context, the purpose of this paper is to develop an effective data collection strategy for NPP EVMS. Firstly, the barriers to practical NPP EVMS were identified based on literature review and expert interviews. Strategies for data collection were then developed based on different phases of project life cycle. This study focuses on the 'life-cycle integrated progress management system' for NPP construction from an owner's perspective Therefore, results of this study can be used as a guide for preparing request for proposals (RFP) of an NPP owner organization.

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The Study on the System to Estimate the Cost by Using Regression in the Early Stage of the Project (공사 초기단계에서의 회귀분석을 이용한 최종공사비(EAC) 추정 방법)

  • Lee, Youn-Mi;Lee, Man-Hee;Lee, Hak-Ki
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2006.11a
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    • pp.274-277
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    • 2006
  • The EAC(Estimate at Completion) among existing methods, which estimate cost and time effectively, help managers anticipate changeable several results at the point of $15{\sim}30%$ in the project progress. However, this method may cause such some problems as not to consider the periodically changing circumstances caused by construction risks or uncertainties which can affect the cost and time in the project, and to regard collected and accumulated data only as a single value when predicting the results on the progress. Accordingly, it is very difficult to accept the even small range of variability based on the anticipation of EAC. Consequently, the study focuses on the possibility methodology to anticipate time and cost accurately on the way to utilize EVMS(Earned Value Management System), and also suggest the way to perform the right estimation of EAC as considering various risks and uncertainties in construction projects.

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Probabilistic Assessment of life Time for Gas Pipe Lines (통계적 방법을 통한 가스배관의 잔여수명 예측)

  • Choe, B.H.;Lee, S.H.;Kim, Y.P.;Kim, W.S.;Ko, Y.T.
    • Proceedings of the KSME Conference
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    • 2004.04a
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    • pp.234-239
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    • 2004
  • A study on the probabilistic methodology for the estimation of the remaining life of Pressurized pipelines containing active corrosion defects is presented. This reliability assessment is earned out using extream value distribution of the corroded defects instead of already published failure perssure moded like NG18 or ASME B31G. The failure probability of pipelines depends on the number of corroded defects. and it could be calculated directly as the area exceeded a defined L V(Limited Value of corrosion depth). The remaining life of pressurized pipelines can also be estimated by the PDF of extream value distribution as calculating the exceeded area with a defined failure probability.

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A Study oil the Application of EVMS in Defense R&D Programs (국방연구개발 사업에 EVMS 적응방안 연구)

  • Choi Seok-Cheol;Kim Jong-Pil
    • Journal of the Korea Institute of Military Science and Technology
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    • v.8 no.1 s.20
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    • pp.62-68
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    • 2005
  • In this paper, we review the general technique of Earned Value Management System(EVMS) which is the integrated management for cost, schedule and performance, and suggest an application of the integrated management of cost and schedule in the research and development(R&D) programs for defense acquisition.

A Study on the Development of Domestic-Oriented Prototype for EVMS Operation System by Using Work Task (작업관리 개념을 응용한 EVMS 운영 시스템 프로토타입 개발)

  • Park, Hong-Tae;Yang, Keum-Chul
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.10 no.6
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    • pp.1281-1286
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    • 2009
  • Our government operates earned value management system (EVMS)of construction schedule and cost for improving earned management system of the construction projects. but There is two unification Method construction schedule and cost to estimate construction progress currently. This weight a staff work. therefore this study present unification method which operate integrate schedule and cost by using work task. In order to inflect verification and model of schedule and cost, this study develop prototype of EVMS.

Valuation of Benefits from the Adoption of Project Information Management System

  • Kyong Ju Kim;Kyoungmin Kim;Ki Yong Kang;Geon Hee Lee
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.1548-1552
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    • 2009
  • In the construction industry, IT has been an alternative for the enhancement of productivity and technical advances through a paradigm shift. While it has been recognized that the IT system will have a substantial influence on the industry, a quantitative valuation has been very limited. This paper has chosen EVMS (Earned Value Management System), which supports the integrated management of cost and schedule by utilizing IT tools, and which is the largest trend in the construction IT industry in Korea, in order to suggest an analysis model for the valuation of IT. The CVM (Contingent Valuation Method) is used to quantitatively measure intangible value of IT application. Then, a valuation and analysis model were suggested for the quantitative valuation of the effect of IT adoption. In terms of willingness to pay for EVMS, the expected benefits from the adoption of EVMS were US$ 584.52 per man annually. This research should be helpful for construction companies evaluating their investment to Project Management Information System.

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