• Title/Summary/Keyword: Earned Value

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Earned Value Management Systems Using 4D-CAD (4D CAD 활용을 통한 공정-원가 통합 시스템)

  • Park Ji-Ho;Jung Young-Soo;Kim Sung-Mo
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.504-508
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    • 2003
  • Cost and schedule are the major concerns for the successful construction project management. The four dimensional CAD (4D CAD) integrating graphical data and scheduling data has also been an area of research interests for improving construction controls. In order to achieve the benefits from these areas in an integrated way, this study proposes a 4D-EVMS system for the owners. Managerial requirements for cost and schedule control for the owners are identified first. A 4D-EVMS model is then proposed which provides functional flexibility in order to enhance the efficiency of the system. Lessons learned and practical implications are briefly summarize.

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지적재산권의 역사적 연원- 저작권과 특허를 중심으로 -

  • 황혜선
    • Journal of Korean Library and Information Science Society
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    • v.20
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    • pp.455-470
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    • 1993
  • In recent years, the intellectual property rights (IPR) are increasingly becoming trade goods and the subject of international trade negotiations. During the past decades, intellectual properties earned critical importance for economic development in both developed and developing countries. Developed countries, headed by the United States, that recognize the economic value of the IPR in the world market are aggressively seeking for universal protection of IPR throughout the world. Intellectual properties have unique qualities that distinguish them from other tangible goods. Most importantly, they are public goods created on the basis of knowledge and information accumulated throughout human history and shared by different cultures. However, there is a growing tendency that the quality of public goods are being etched away as the property concept in IPR expands. In this paper, I discuss how copyright and patent laws incorporated the concept of property right as natural right to one's intellectual creations in early formation of the laws in Europe. I argue that copyright law and patent law are the historical products resulting from political, economic, and ideological factors interacting in a certain society. A history of copyright and patent points to that the intellectual property rights as natural lights of authors and inventors as argued by developed countries in international disputes, are not universal, but unique historical products. Copyright and patent laws have been shaped and developed as regulatory measures by governments to promote and control industries by providing authors and inventors with monopoly incentives. Since property right was used as a regulatory device it was restricted. This is to enhance the distribution of knowledge and information rather than to ensure the property right as an absolute right.

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Development of Work Breakdown Structure for Nuclear Power Plant (원자력발전소 Work Breakdown Structure 개발)

  • Cho, Yeong-Heock;Yang, Myung-Duck
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2014.05a
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    • pp.52-53
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    • 2014
  • The Work Breakdown Structure (WBS) is a primary tool which provides a framework that defines clear scope of all deliverables throughout the project life cycle. Once the WBS is established in projects, it should allow project team members to measure and manage work performances by the WBS; further, it should provide a reference point when any work scope needs to be redefined. Based on the project information in the Progress and Performance Measurement System (PPMS) of UAE's Barakha Nuclear Power Plant (BNPP) projects, an attempt was made to develop a new WBS which provides hierarchical and systematical decomposition of the total work scope of NPP construction projects while avoiding from the preexistence concept in Korean NPP projects that the WBS is a combination of Physical Breakdown Structure (PBS) and Functional Breakdown Structure (FBS). The unique features of the new WBS are as follows: (1) defined the definition of each level of the WBS, (2) subdivided the WBS into 5 hierarchical levels, and (3) adopted globally used general coding structure. The new WBS provides a basic hierarchical structure for the project scope and can be used as a basic tool for schedule control, performance measurement, project status monitoring, and communication among project participants. In addition, by putting the Work Package (WP) under the WBS, the Earned Value Management System (EVMS) per WP can be utilized for the project.

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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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Introducing and Surveying 4D Models in AEC Industry (4D 공정관리시스템의 개발현황 조사연구)

  • Kang Leen-Seok
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.137-142
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    • 2001
  • The traditional schedule management system provides project manager with analysis reports, such as progress control, earned value management and resource management, including schedule chart. However, the reports and functions in the traditional system are still limited in 2D concept. Recently, the scheduling method is using 4D concept that time of construction schedule is linked to space of drawings. This study presents the limitation of those systems and an improved method for developing 4D system through the comparative analysis of representative 4D systems that are developed up to date.

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A Method of Progress Management of Projects Based on Schedule for Small and Medium Enterprises (중소기업을 위한 일정 기반의 프로젝트 진도 관리 방안)

  • Oh, Joseph;Kim, Bo-Hyun;Baek, Jae-Yong;Jung, So-Young;Choi, Young-Jae
    • IE interfaces
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    • v.25 no.2
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    • pp.276-282
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    • 2012
  • Earned value management(EVM) based progress management was designed to systematically manage large or huge projects with budget based criteria. For this reason, existed methods of EVM based progress management have a practical difficulty to apply to small and medium enterprises(SMEs) not possessing enough human resource, time, and cost. In other words, SMEs have performed simultaneously many small-sized projects emphasizing more project delivery than project budget. This study focuses on the area of project management applying to many small-sized projects simultaneously conducted by SMEs. Thus, the method proposed in this study is to manage only the progress of projects after removing cost factor in order to reduce man powers required for allocating the budget of projects to their all activities in detail in the stage of project planning. This study reveals that SMEs are able to manage progress of many projects easily and intuitively using the proposed method.

A Study for Defense Acquisition System Improvement (국방무기체계 획득절차 발전방향 - 미국 국방획득절차 개선노력을 중심으로 -)

  • Go, Sim-Jae
    • Journal of the military operations research society of Korea
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    • v.31 no.2
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    • pp.86-104
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    • 2005
  • During the 'Cold War', DoD had focused on the high performance and timely acquisition which enabled quick field out the superior weapons than the enemy regardless of acquisition cost. But, after the cold war, the focus has been changed to the 'cost effective acquisition' of weapon systems because of tremendous investment cost & economic theory. The U.S. DoD has been tried to make 'the most effective acquisition system'(AR, Acquisition Reform) from mid-80's with their enough experienced program data, and as a result, they had launched the new acquisition procedure - DoD 5000 series - in 1996. DoD is continuously doing the study and making several improvements on the procedure after it had been once announced. On Oct 30. 2002, DoD noticed that they cancelled the DoD 5000 series documents(5000.1, 5000.2, 5000.2-R) and 5000.2-R will be reissued as a guide. The most recent version which focused on 1) evolutionary acquisition and spiral development, 2) procedure for future technology systems including software and IT, 3) supplement on the area of efficiency, flexibility, creativity and innovation of old system was issued by May 12. 2003. This article suggests a 'good idea' based on the reviewing of these DoD efforts for our defense acquisition regulation and procedure to go. It includes the CAIV concept application, IPT utilization, T&E method, cost or price based contract etc-all for the effective acquisition.

Factors Influencing the Consumption of Wild and Cultivated Mushroom Species in Southwestern Nigeria

  • Adegbenjo, Ayanyemi Elizabeth;Adedokun, Margaret Olunfunsho;Oluwalana, Samuel Adeniran
    • Journal of Forest and Environmental Science
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    • v.36 no.4
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    • pp.311-317
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    • 2020
  • Mushroom has economic, food and medicinal value to a large proportion of human populace. This study assessed the consumption pattern of mushroom species in Southwestern Nigeria. Non-probability sampling method was used to select 20 Local Government Areas (LGAs) from 3 states and four communities were selected purposively from each LGAs. Snow-ball sampling approach was used in selecting 5 respondents from each community, making a total of 400 respondents. Descriptive statistics was used to describe the socio-economic characteristics of the respondents, to compare the differences between the local (wild) and Exotic (cultivated) mushroom Species and to determine the rate at which mushroom substitute is consumed among the mushroom consumers. Logit regression was used to identify the factors influencing mushroom consumption in the study area. Thirty percent of the respondents were aged 41 to 50 years, with mean age of 49.76 years. About 82% had tertiary education, 17.3% earned above N200,000 monthly and 8.8% spent above N6000 monthly on mushroom. Logit regression showed that age (-3.21), household size (-2.17) and medicinal benefits (-2.17) had significant (p<0.01) negative effects on mushroom consumption. Conclusively, mushroom has wide acceptance among the general populace, good for food and medicine; hence, awareness should be created through agricultural policy on the need for mushroom cultivation and consumption in Nigeria.

CASH FLOW FORECASTING IN CONSTRUCTION PROJECT (건설공사에서의 현금흐름 예측)

  • Park Hyung-Keun
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.35-41
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    • 2002
  • This research introduces the development of a project-level cash flow forecasting model in construction stage based on the planned earned value and the cost from a general contractors view on a jobsite. Most previous models have been developed to assist contractors in their pre-tendering or planning stage cash flow forecasts. The critical key to cash flow forecasting at the project level is how to build a cash-out model. The basic concept is to use moving weights of cost categories in a budget over project duration. The cost categories are classified to compile resources with almost the same time lags that are based on contracting payment conditions and credit times given by suppliers or venders. For cash-in, net planned monthly-earned values are simply transferred to the cash-in forecast, to be applied there with billing time and retention money. Validation of the model involves applying data from on-going 4 projects in progress for 12 months. Based on the results of the comparative analyses through the simulation of the proposed model and the existing models, the proposed model is more accurate, flexible and simpler than traditional models to the employee of construction jobsite who is not oriented financial knowledge.

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A study on average changes in college students' credits earned and grade point average according to face-to-face and non-face-to-face classes in the COVID-19 situation

  • Jeong-Man, Seo
    • Journal of the Korea Society of Computer and Information
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    • v.28 no.3
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    • pp.167-175
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    • 2023
  • In the context of COVID-19, this study was conducted to study how college students' earned grades and average grade point averages changed according to face-to-face and non-face-to-face classes. For this study, grade data was extracted using an access database. For the study, 152 students during the 3rd semester were compared and analyzed the grade point average, average grade point average, midterm exam, final exam, assignment score, and attendance score of students who participated in non-face-to-face and face-to-face classes. As an analysis method, independent sample t-test statistical processing was performed. It was concluded that the face-to-face class students had better grades and average GPA. As a result, the face-to-face class students showed 4.39 points higher than the non-face-to-face class students, and the average grade value was 0.6642 points higher. As a result of the comparative analysis, it was statistically significant, and the face-to-face class averaged 21.22 and the non-face-to-face class had 16.83 points. In conclusion, it was confirmed that face-to-face students' grades were generally higher than those of non-face-to-face students, and that face-to-face students showed higher participation in class.