• Title/Summary/Keyword: Evaluation of construction firm

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A Study on the Previous Evaluation Model for Safety Performance of Construction Companies (건설회사의 사전 안전성 평가모델에 관한 연구)

  • 손창백;홍성호
    • Journal of the Korean Society of Safety
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    • v.18 no.2
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    • pp.73-78
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    • 2003
  • In order to improve the safety performance oi construction projects, effective and corporative safety management program between head office and job site must be implemented. And its performance must be measured and analyzed for the identification of the problems in the safety management area. This study proposes a previous evaluation model of safety performance for the large construction firm in order to enhance their safety level. The fundamental data for proposed model is based on the past research(Son 2002), which is structured of evaluation criteria. weighted factor. statistical evaluation formula. The model would help the firm management in identifying the weak areas of safety performance in terms of the degree performing certain safety tasks. It is expected that the model could contribute to achieving the "zero accident" level.ot; level.

PERFORMANCE EVALUATION OF THE CONSTRUCTION KNOWLEDGE MANAGEMENT SYSTEM-A CASE STUDY OF AN A/E CONSULTING FIRM

  • Wen-der Yu;Pei-lun Chang
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.1058-1063
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    • 2005
  • More and more organizations in construction industry adopt knowledge management system (KMS) to facilitate process of creating, acquiring, capturing, sharing, and using knowledge so as to improve the competitiveness, productivity and efficiency of their organization. In spite of the tremendous efforts devoted to KMS, the return of investment on KMS is usually a black box to the investor due to the lack of a systematic framework for performance evaluation of the KMS. This paper aims at fulfilling such need. A conceptual performance evaluation framework is proposed based on Balanced Scorecard (BSC) method. Then a preliminary case study is conducted to assess the applicability of the proposed framework in an A/E consulting firm to evaluate the performance of KMS.

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Investigation of Key Factors to measure on-site Performance of a Construction firm

  • Lee, Young-Dai;Kim, Jung-Ki;Acharya, Nirmal Kumar
    • Korean Journal of Construction Engineering and Management
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    • v.8 no.6
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    • pp.246-262
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    • 2007
  • The performance of projects has always been an area of interest in the construction industry. Roles of all construction supply chain partners are necessary; however the role of a contractor firm in the construction project is pivotal. So, this research intended to explore a Construction Firm's performance criteria which could measure the level of performance of that firm in an ongoing project. Data was collected from construction professionals working in three principal project participant organizations, namely Owner, Consultant and Contractor. A total of 113 nos. of performance measuring items were sorted from literature review and used to collect data. Statistical tools processed by SPSS program was employed to analyze the data. Out of total 113 items, only 65 nos. of variables were found to be acceptable to every population group of this study. Factor analysis revealed 12 key performance predicting factors (KPPF) with 53 predictive indicators. 12 KPPFS with index weight are: work progress and smoothening (9.3%), change order management and work accuracy (9.1%), business relationship building (8.1%), adequacy of construction work procedure (8.6%), quality performance (8.0%), health and site safety adequacy (8.8%), Innovative contractor (8.0%), adequacy of construction site information (6.8%), compliance with contract plan/specification requirements (8.9%), creditworthiness and financial capability (8.3%), intra-agency relationship and responsiveness (7.0%) and resource management (9.2%). These results could be useful to project management body to evaluate performance of its contractor firm on site as well as the contractor itself to assess own performance and its subcontractors on-site.

Capability Evaluation for Improving Competitiveness of the Korean Construction Firms

  • Kwon, Nahyun;Park, Moonseo;Lee, Hyun-Soo;Son, Bo-sik;Jang, HyounSeung;Kim, Jin-Woo
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.746-747
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    • 2015
  • Recently, Korea has achieved accumulated total value of orders of six hundred billion dollars in international construction market, and it is facing a new turning point by entering the overseas construction market. However, according to the statistics on the current internal construction market, the accumulated value of orders has been mainly obtained by plant projects in the Middle-East area. To improve international competitiveness of Korean construction industry, it is required to expand and diversify the target areas and construction business sectors. To expand markets, each construction firm should establish the expansion strategy and assess the capability which includes the strength and weakness of their firm. Therefore, this research aims to evaluate the capability of the Korean construction firms for overseas expansion. Through the research, Korean construction industry is expected to strengthen competitiveness toward the overseas markets. Furthermore, this research contributes to expanding and diversifying markets for domestic construction firms.

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Establishing the Strategy of Effective Construction VE for Construction Firms (건설기업 관점의 효과적인 시공 VE 수행을 위한 전략 도출 연구)

  • Park, Chan Young;Yun, Sungmin;Lee, Dong-Eun
    • Korean Journal of Construction Engineering and Management
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    • v.22 no.2
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    • pp.80-87
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    • 2021
  • Shortage of SOC budget and inappropriate initial construction cost planning have worsened the economic sentiment of the construction firm. Construction VE can be one of the solutions for improving the profitability of construction projects. This study identifies the strong and weak points of construction firms for establishing the strategy of effective construction VE by using importance-performance analysis. As a result, construction firms have strong points on support, cooperation, and knowledge about construction VE, but have weak points on 'VE experience of VE leader', 'Detailed cost estimation', and 'Idea generation and evaluation'. This paper contributes to establishing the strategy of effective construction VE from the perspective of the construction firm, which is differentiated from previous studies that have focused on the institutional approach for construction VE.

What Factors Do Government Subsidy Programs Care about for Inter-Firm Collaboration? Priortization of Evaluation Criteria of Small Business Collabortation Grant, Korea

  • SHIN, Woo-Jin;KANG, Minsu;YANG, Dongwoo
    • The Korean Journal of Franchise Management
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    • v.13 no.1
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    • pp.1-17
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    • 2022
  • Purpose: In this study we aim to identify factors affecting successful inter-firm collaboration. We tried to find out whether government subsidies to small-business owners should be made to experienced and competent cooperatives or to cooperatives with potential even if inexperienced. Research design, data and methodology: Using analytic hierarchy process (AHP), we examine if evaluation criteria for the Small Business Collaboration Grant (SBCG) reflect the potential of successful collaboration of applicant cooperatives. Results: We found that experts tend to think that applicant cooperatives without any experience as a recipient for the SBSG need to be evaluated by their growth potential and their preparation of the application rather than by their business performance or achievement history. The weight of the evaluation must be different between the growth potential and the achievements already achieved. By means of an expert survey, we confirmed that Rookies should weigh evaluation indicators that can reflect their growth potential, and experienced groups should give weight to evaluation indicators that can reflect their achievements. Conclusions: For SBCG applicants with experiences, experts tend to weigh more on SBCG business performances and feasible sharing systems. The screening procedure for the first applicant cooperatives need to focus more on "partner selection" stage, whereas elements related to "realization" apply to experienced applicant cooperatives.

A Study on the Difficult Factor of New Technology Development from a Construction Engineering Firm Perspective (건설엔지니어링 기업 측면에서의 신기술 개발의 애로요인 분석에 관한 연구)

  • Yang, Jin-Kook;Hong, Seong-Wook;Lee, Min-Hyeon;Kang, Mi-Suk;Lee, Sang-Beom
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2017.05a
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    • pp.189-190
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    • 2017
  • The development and utilization performance of the construction new technology was introduced in 2014 according to the detailed evaluation criteria of the construction project of Ministry of Land, Infrastructure and Transport. In the case of the construction new technology, the current standard is give 3 points in the "technology development and investment performance" evaluation item. However, construction engineering companies is difficult for to invest the capital required for new technology development. Therefore, in this study, we try to extract the difficult factor that occur in the process of construction new technology development in terms of construction engineering companies. The research results are expected to provide with the support policy guideline for new technology development costs to policy makers.

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A study on the development direction for vendor management in plant construction (플랜트 건설공사의 벤더관리 발전방향 기초연구)

  • Park, Hwan-Pyo;Han, Jae-Goo;Chin, Kyung-Ho
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2011.11a
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    • pp.189-190
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    • 2011
  • The purpose of this study is to suggest the development direction for vendor management in plant construction. Therefore this research has proposed the integration management of vendor and information standardization. This research has proposed that plant industry association manage the basic information of vendor. And each company manage the performance evaluation of vendor's firm. Expecially, vendor management system should be developed by ISO information system.

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THREE-STAGED RISK EVALUATION MODEL FOR BIDDING ON INTERNATIONAL CONSTRUCTION PROJECTS

  • Wooyong Jung;Seung Heon Han
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.534-541
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    • 2011
  • Risk evaluation approaches for bidding on international construction projects are typically partitioned into three stages: country selection, project classification, and bid-cost evaluation. However, previous studies are frequently under attack in that they have several crucial limitations: 1) a dearth of studies about country selection risk tailored for the overseas construction market at a corporate level; 2) no consideration of uncertainties for input variable per se; 3) less probabilistic approaches in estimating a range of cost variance; and 4) less inclusion of covariance impacts. This study thus suggests a three-staged risk evaluation model to resolve these inherent problems. In the first stage, a country portfolio model that maximizes the expected construction market growth rate and profit rate while decreasing market uncertainty is formulated using multi-objective genetic analysis. Following this, probabilistic approaches for screening bad projects are suggested through applying various data mining methods such as discriminant logistic regression, neural network, C5.0, and support vector machine. For the last stage, the cost overrun prediction model is simulated for determining a reasonable bid cost, while considering non-parametric distribution, effects of systematic risks, and the firm's specific capability accrued in a given country. Through the three consecutive models, this study verifies that international construction risk can be allocated, reduced, and projected to some degree, thereby contributing to sustaining stable profits and revenues in both the short-term and the long-term perspective.

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An Evaluation Method of Water Supply Reliability for a Dam by Firm Yield Analysis (보장 공급량 분석에 의한 댐의 물 공급 안전도 평가기법 연구)

  • Lee, Sang-Ho;Kang, Tae-Uk
    • Journal of Korea Water Resources Association
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    • v.39 no.5 s.166
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    • pp.467-478
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    • 2006
  • Water supply reliability for a dam is defined with a concept of probabilistic reliability. An evaluation procedure of the water supply reliability is shown with an analysis of long term firm yield reliability. The water supply reliabilities of Soyanggang Dam and Chungju Dam were evaluated. To evaluate the water supply reliability, forty one sets of monthly runoff series were generated by SAMS-2000. HEC-5 model was applied to the reservoir simulation to compute the firm yield from a monthly data of time series. The water supply reliability of the firm yield from the design runoff data of Soyanggang Dam is evaluated by 80.5 % for a planning period of 50 years. The water supply reliability of the firm yield from the historic runoff after the dam construction is evaluated by 53.7 %. The firm yield from the design runoff is 1.491 billion $m^3$/yr and the firm yield from the historic runoff is 1.585 billion $m^3$/yr. If the target draft Is 1.585 billion $m^3$/yr, additional water of 0.094 billion $m^3$ could be supplied every year with its risk. From the similar procedures, the firm yield from the design runoff of Chungju Dam is evaluated 3.377 billion $m^3$/yr and the firm yield from the historic runoff is 2.960 billion $m^3$/yr. If the target draft is 3.377 billion $m^3$/yr, water supply insufficiency occurs for all the sets of time series generated. It may result from overestimation of the spring runoff used for design. The procedure shown can be a more objective method to evaluate water supply reliability of a dam.