• Korean Journal of Construction Engineering and Management
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• v.19 no.1
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• pp.90-102
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• 2018

In preparation of the increase in the domestic debts and the rise in the US interest rate, the Korean government has started to strengthen the regulation on the property market since 2017. So, it is likely that the sales in the domestic construction market would be decreased. Even in the overseas plant projects market, as there has been the continuous increase in the cost and the resulting increase in the losses, it looks hard for the large construction companies to keep their credit ratings as they are now. This study is designed to check Korean government's property policy and any possible problems caused by the overseas and domestic economic environment, which include the property market policy, interest rate, rise in the property price and lackluster sales in housing market. It showed the change in the credit ratings by finding out the sales, work capability, sales in non-governmental projects, operating profits and PF contingency liabilities. For this study, the questionnaires were sent to 30 practical experts to analyze the effect of the risk factor on the outside credit rating of large construction companies.

• Korean Journal of Construction Engineering and Management
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• v.9 no.5
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• pp.149-158
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• 2008

Plant construction is being a motive power of national economic growth, because it is a higher value-added business which has enormous influence through other industry. But, plant projects management of the domestic company was poor. So, the development of EPC Business Process Management method has been encouraged. Therefore, this paper performed several researches for setting up the EPC Business Process Management Model for improving plant project management. And the details are as follows. First of all, this study collected the work procedure manuals of 12 large-sized international construction companies. Secondly, from the analyzing gathered EPC work procedure manuals, issues of work procedure manuals were analyzed and improvement plans were drawn out. Basis on this, This study presents a method to improve project management for EPC plant project. 'The Work Procedure Matrix for EPC Management' and 'Key Unit Works for EPC Management' were drawn out by using overseas construction management theories and international regulations. In addition, 'The EPC Business Process Management Models' reformed to the Business process method, that is the set of specifications, documents and procedures used to manage the EPC plant project. And it describes how the EPC work procedure manuals will be used. Finally, this study suggests the model of EPC Business Process Management System. The framework of Plant project management can be clarified by using 'The Work Procedure Matrix'. And 'Key Unit Works' are used to organize the work procedure needed to improve plant projects management. The results of this study will help to improve in project management efficiency for plant construction.

• International conference on construction engineering and project management
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• 2009.05a
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• pp.375-380
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• 2009

Gas & Oil plant construction projects are increasing recently all over oil-producing countries. An EPC (Engineering, Procurement and Construction) company, which participates in the plant projects, should possess pertinent engineering licenses and EPC management skills to create high added-value. Nonetheless, there exist various risks involved in the EPC life cycle process due to such characteristics of construction projects as long duration of construction time and complicated processes along with the procured goods or services subjected to various logistics. The objective of this paper is to analyze the overall EPC life cycle for proper process and to examine various information and document. Additionally, the principal data for the analysis of the EPC process are derived from personal interviews with experts and specialty contractors of the plant projects. The results of this study would be widely used as a guide for efficient and effective management of overseas gas plant projects.

• Construction Engineering and Management
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• v.13 no.6
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• pp.41-45
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• 2012

Nowadays the Project Management is increasingly adapted into almost all the fields in business management processes among leading companies both in Korea and overseas. However its actual practices are rare to be found. Among the Project Life Cycle, this report covers the real cases of the PMBOK knowledge areas in NPP Architect Engineering. The areas of the Construction, Start-up and Operation will be exception of the cases. By way of analyzing the KEPCO ENC's Processes/Procedures/Systems and the ones in PMBOK Guide, this report will show the contents in the PMBOK Guide is rather practical than theoretical. Meanwhile, implications whether the conclusions of this report might be applied to other industries such as general construction, non-nuclear plants, etc. should be left behind to follow-up studies.

• Korean Journal of Construction Engineering and Management
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• v.14 no.5
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• pp.84-91
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• 2013

In 2012, Korean overseas construction market has achieved 64.9 billion dollars of contract order and its amount has increased since the mid 2000's. However, importance of qualitative growth based on profitability as well as quantitative growth is also emphasized. This study analyzed overseas plant project's subcontract process management which is closely related to cost management as one of the qualitative growth methods. In order to select major subcontract processes, extensive literature review and focus group interview(FGI) were implemented and then professionals with years of experience in the overseas plant projects were participated in the questionnaire survey. The collected data were analyzed by Benefit-Structure Analysis(BSA) model. The findings of this study include: (1) the seven and six subcontract processes are positioned in the area of importance control factor and in the area of maintenance/control factor, respectively; (2) administration capability attainment is needed for the six subcontract processes in the area of importance control factor and sustainable management system is required for the processes in the maintenance/control factor area. The further research will identify key subcontract processes to be managed for overseas plant projects by Korean EPC contractors based on the findings of this research.

• The Transactions of the Korean Institute of Electrical Engineers P
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• v.62 no.1
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• pp.36-44
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• 2013

This paper is written for the development and application of boiler fuel control algorithm and distributed control system of coal-fired power plant by the steps of design, coding, simulation test, site installation and site commissioning test. Fuel control algorithm has the upper algorithm and it is boiler master control algorithm that controls the fuel, feed water, air by generation output demand. Generation output demand by power load influences fuel control. Because fuel can not be supplied fast to the furnace of boiler, fuel control algorithm was designed adequately to control the steam temperature and to prevent the explosion of boiler. This control algorithms were coded to the control programs of distributed control systems which were developed domestically for the first time. Simulator for coal-fired power plant was used in the test step. After all of distributed control systems were connected to the simulator, the tests of the actual power plant were performed successfully. The reliability was obtained enough to be installed at the actual power plant and all of distributed control systems had been installed at power plant and all signals were connected mutually. Tests for reliability and safety of plant operation were completed successfully and power plant is being operated commercially. It is expected that the project result will contribute to the safe operation of domestic new and retrofit power plants, the self-reliance of coal-fired power plant control technique and overseas business for power plant.

• The Transactions of the Korean Institute of Electrical Engineers P
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• v.62 no.3
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• pp.117-126
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• 2013

This paper is written for the development and application of boiler furnace pressure control algorithm and distributed control system of coal-fired power plant by the steps of design, coding, simulation test, site installation and site commissioning test. The control algorithms were designed in the shape of cascade control for two parts of furnace pressure control and induced draft fan pitch blade by standard function blocks. This control algorithms were coded to the control programs of distributed control systems. The simulator for coal-fired power plant was used in the test step and automatic control, sequence control and emergency stop tests were performed successfully like the tests of the actual power plant. The reliability was obtained enough to be installed at the actual power plant and all of distributed control systems had been installed at power plant and all signals were connected mutually. Tests for reliability and safety of plant operation were completed successfully and power plant is being operated commercially. It is expected that the project result will contribute to the safe operation of domestic new and retrofit power plants, the self-reliance of coal-fired power plant control technique and overseas business for power plant.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2004.11a
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• pp.526-530
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• 2004

The portion of plant industry has increased within construction market. In spite of plant industry is dynamic field which leads state-of-the-art and creates a value, phased information management and knowledge intensive business accomplishment are insufficient. Henceforth plant is expected to demand increment of industrial project from hereafter international plant industry market. The continuous plan technique and know-how accumulation are urgent from domestic. 1'his research analyzes the areas in which domestic plant industry is insufficient and then elicits project management key success factors from current operation process. In addition, this research compares domestic plant level with overseas plant level. This study establishes work models for critical work phases based on the analysis of domestic plant technical level.

• Proceedings of the Korean Institute Of Construction Engineering and Management
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• 2006.11a
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• pp.317-321
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• 2006

Construction companies do not take necessary steps for sudden change in the Construction market, In order to over come the problem, it is necessary to make Corporate Strategy through correct Market analysis. If construction companies want to secure continuance profits, they must prepare proper strategy to advance into plant market. This research performs both external and internal environment analysis, External environment analysis is for overseas construction market and advanced foreign companies, and internal environment analysis is the current status of domestic companies. The research identifies some of the Key points, growth in foreign plant market is huge, but domestic companies do not have abundant construction experience on the same field and also they lack in high value-added techniques. They are far behind the advanced companies; they don't have proper skills of Procurement, engineering and project management. This study suggests a strategy for domestic companies to take necessary step to advance into plant construction market.

• Journal of Digital Convergence
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• v.16 no.6
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• pp.75-84
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• 2018

Although many logistics companies are interested in project logistics, the existing research has been limited to the growth potential of project logistics market and the high barrier and importance of project logistics. This study analyzes using DEA the operational efficiency of forwarding companies registered in major overseas construction EPC companies and performing logistics services for overseas plant construction projects. For efficiency analysis, Super-SBM analysis and Malmquist analysis are used among DEA analysis techniques. As a result of the Super-SBM analysis, DMU 5 ranked first at 1.807. DMU 5 is more efficient than the other large corporations because it has the stable supply of its parent company H and the smallest input and output variables among the large corporations. As a result of Malmquist analysis, TCI, which is a technological development, showed a fluctuation while TECI showed a relatively stable variation. In addition, there is a difference in scale between major companies and small and medium sized companies. So, it is necessary to identify the efficiency improvement strategy for each group and apply it to the practical work.