• Journal of Korean Society of Industrial and Systems Engineering
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• v.2 no.2
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• pp.5-10
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• 1979

For investment calculation of capital assets, it is desirable to grasp the limiting factors of its calculation. The limiting factors can be listed as follows; $\circled1$ difficulty in estimating the service life of capital assets. $\circled2$ difficulty in estimating the receipts, and operating and maintenance expenses of the project. $\circled3$ difficulty in determining common Minimum Attractive Rate of Return. $\circled4$ difficulty in estimating the salvage value of the assets. $\circled5$ some limiting factors on present worth calculation of the projects. $\circled6$ Some limiting factors on payout period method of the economic calculation.

• Journal of Digital Convergence
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• v.13 no.1
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• pp.305-311
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• 2015

Nowadays, because IT market expansion and complexity has been progressing and competition has intensified, there is a growth of information system building industries having difficulty through traditional business management methods. A survey was conducted among site personnel (Project Manager PM and Project Participants) to generate an institutional framework to efficiently manage this and project management process support. Through this, the importance of element technology and fragility of software development project management must be understood and an improvement of the element technology must be generated. By using this, a very relevant result that presented a logical basis was obtained in the decision making of the importance of project management and the role of overall project manager and core project management fields.

• The Journal of Information Systems
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• v.12 no.1
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• pp.1-17
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• 2003

ERP is a topic of currency in MIS circle. Numerous organization have developed their information systems using many kinds of ERP packages such as Oracle, SAP R/3, uniERP, etc. However, the pricing methodology of ERP systems is not yet established in a proper way. This paper attempts to investigate factors influencing the price of ERP system. Thirty eight ERP consulting firms participated in this research project. Based on the data from ERP consulting firms, price of ERP systems basically consist of package cost, consulting fee, and customizing expense. The results of this research project are finding factors affecting above three parts that consist price of ERP system. This paper found that factors influencing package price are number of modules, number of users, the degree of package reliability. The factors affecting consulting fee are the degree of project specialty, level of consultants. Finally the factors influencing customizing cost are the degree of project difficulty, project time.

• Korean Journal of Construction Engineering and Management
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• v.20 no.4
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• pp.3-12
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• 2019

VE analysis is a method to secure definite functions and performance by defining user's various requirements clearly and propose alternatives to reduce cost. However, the present domestic VE project has difficulty in defining design function analysis clearly due to time constraints as well as difficulty in effective and efficient communication between project stakeholder. Domestic results of VE were largely focused on reducing cost while maintaining the functions of the existing facility. Therefore, this study aims to secure the optimal functions for users according to the original intent of user requirements through QFD-VE model which project VE participants can make collective and cooperative decision making. QFD-VE is a technique that first, it can make collaborative decision making in defining and modifying of design function and setting the importance of requirement function. Second, it allow project VE participants to check design interference and conflict between neighbor systems. This study also provided a mathematical model for implementing the computer system using QFD-VE in the future.

• Proceedings of the Korean Society for Quality Management Conference
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• 1998.11a
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• pp.233-238
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• 1998

To manage a phase of coding and unit-test, project managers have used to pay attention to a number of completed programs. And the manager makes a graph of progress. Usually, this graph of progress has S shape and doesn't linearly depend on the workload. So the degree of progress seems to be behind. In actual, many projects tend to be behind the schedule. Because of this reason, it is difficult to judge whether the project is behind or not in the early stage. In this paper, We propose the 'four-division model' to solve this difficulty.

• International conference on construction engineering and project management
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• 2022.06a
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• pp.1241-1241
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• 2022

In the current construction industry, difficulty arises in creating an adequate baseline schedule to establish a fundamental plan for construction. This presentation will present the research findings which investigated industry-recognized schedule metrics that aid in the successful implementation of said schedule. Industry organizations (Association for the Advancement of Cost Engineering, the Government Accountability Office, the Project Management Institute, and local city, state, and county government offices) provide standardized guidelines with specific metrics requirements to ensure successful implementation. However, most of those metrics are substantiated or validated in their effectiveness. The study examined the impact between these industry-recognized critical metrics and three distinct scheduling characteristics: Project Type, Project Duration, and Project Density (number of activities within a schedule). The research results showed that, among the 12 various schedules evaluated in parallel with 20 industry-recognized critical metrics, seven metrics substantially demonstrate a significant impact on a project schedule's success. Furthermore, six of the seven metrics directly correlate to at least one of the three scheduling characteristics outlined. As a result, this research has established more predictable outcomes based on impacts between three distinct project characteristics and 20 of the most discussed/researched critical scheduling metrics in the field. This allows management teams to have more confidence in establishing critical milestones and accurate turnover dates from the start of the project through its final completion.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.39 no.1
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• pp.9-16
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• 2016

The project schedule risk in the engineering and facility construction industry is increasingly considered as important management factor because the risks in terms of schedule or deadline may significantly affect the project cost. Especially, the project-based operating companies attempt to find the best estimate of the project completion time for use at their proposals, and therefore, usually have much interest in accurate estimation of the duration of the projects. In general, the management of projects schedule risk is achieved by modeling project schedule with PERT/CPM techniques, and then performing risk assessment with simulation such as Monte-Carlo simulation method. However, since these approaches require the accumulated executional data, which are not usually available in project-based operating company, and, further, they cannot reflect various schedule constraints, which usually are met during the project execution, the project managers have difficulty in preparing for the project risks in advance of their occurrence in the project execution. As these constraints may affect time and cost which role as the crucial evaluation factors to the quality of the project result, they must be identified and described in advance of their occurrence in the project management. This paper proposes a Bayesian Net based methodology for estimating project schedule risk by identifying and enforcing the project risks and its response plan which may occur in storage tank engineering and construction project environment. First, we translated the schedule network with the project risks and its response plan into Bayesian Net. Second, we analyzed the integrated Bayesian Net and suggested an estimate of project schedule risk with simulation approach. Finally, we applied our approach to a storage tank construction project to validate its feasibility.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.43 no.3
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• pp.179-190
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• 2020

As the business environment is rapidly changing with globalization and complexity of information flows, the uncertainty is also very increased for project environment. Although many studies have been conducted to find out the critical factors for project success, there still exist different views to define project success. Furthermore, implementing success formula for one project does not necessarily guarantee a success for another project since there are other elements that impede the success of project. In this regards, it is imperative to examine what are the barriers to project success. This study aims to examine the barriers that impede the success of project. Past literature was thoroughly reviewed to collect and develop a preliminary list of elements that affected project performance negatively. Experts were interviewed to refine the list and the final list of the measurement items were developed. A survey questionnaire was developed with the final list of measurement items, and a survey was conducted on the practitioners with project experience. After the survey, an exploratory factor analysis was conducted on the final list to extract the component dimensions which in turn formed the group of project barriers. The exploratory factor analysis provided ten factors, which are difficulty of process management, failure of project feasibility analysis, cost overruns and lack of cost benefits, unclarity project plan, strategic consistency error, stakeholder conflict, inaccuracy of requirement definition, disturbance of communication, technical environment change, negative attitude of top management.

• Journal of Fisheries and Marine Sciences Education
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• v.25 no.4
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• pp.915-927
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• 2013

This study aimed to discover the affective ability of students by applying a thematic project model concerning the marine field unit of science for third grade middle school students from among diverse methods of realizing STEAM education. Also, based on this, STEAM education is a new type of learning including the process of exploring by oneself, presenting, discussing and mutually evaluating by becoming an independent person in learning As the results of the study are as follows: First, the STEAM class applied with a thematic project model was discovered to promote a learning attitude toward science by learners. Second, the STEAM class applied with a thematic project model was shown to be effective in improving the self-directed learning characteristics of learners. Third, STEAM education applied with a thematic project model was found to promote learners' motivation for learning science. This may be an effective method for learners who have felt difficulty in the science curriculum or have not been interested in the curriculum by triggering voluntary motivation.

• Journal of Korean Society of Industrial and Systems Engineering
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• v.44 no.3
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• pp.214-229
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• 2021

There is an increasing need for complex and large projects to be carried out quickly. As the duration, size, and cost of the project increase, concerns about project failure are also rising. Finding factors that hinder the performance of an effective project and eliminating them in advance or controlling and managing them more effectively can be a more direct way to secure the success of the project. Previous studies have identified compositional dimensions that are classified according to attributes, covering the various obstacles that affect the success of the project through existing literature. It is a follow-up to previous research. Using DEMATEL techniques, we would like to propose to explore the appropriate measures that an entity and organization can take by identifying the causality between factors through cross-impact analysis of project disabilities and even presenting factors that may arise when they are identified. As a result of the analysis, according to the indicators to evaluate the importance, 8 factors were found to be relatively important factors, excluding the factors that Failure of project feasibility analysis and Technical environment change. In addition, 5 factors were found to be causative factors; Technical environment change, Unclarity project plan, Strategic consistency error, Inaccuracy of requirement definition, and Failure of project feasibility analysis. In contrast, the remaining 5 factors were found to be the result factors; Lack of benefits realization, Negative attitude of top management, Stakeholder conflict, Difficulty of process management, and Disturbance of communication.