• Title/Summary/Keyword: Project Performance Management

Search Result 1,364, Processing Time 0.031 seconds

THE FUNDAMENTAL PRINCIPLES OF BOT CONTRACT DESIGN

  • Eva C. W. Sung;S. Ping Ho
    • International conference on construction engineering and project management
    • /
    • 2005.10a
    • /
    • pp.469-473
    • /
    • 2005
  • Contract design plays a key role in the life cycle of BOT project. All project management activities and operation processes are arranged in consistence with the document of BOT contract which the public sector ensures that the respective roles and responsibilities set out in the contract are fully understood and fulfilled to the contracted performance criteria. With limited theories to deal with some fundamental issues of BOT contract design, we try to collect data from case studies and formulate several practical principles. The conclusions presented in this paper are analyzed from two cases, one is based on an early case in the United Kingdom, and the other based on the Taiwan High Speed Railway case. The purpose of this paper is not about covering all legal issues about BOT contract design, but rather, our work provides common considerations applicable to the contract parties of a broad range of BOT contracts. The results in this paper shall propose some fundamental principles of the BOT contract design.

  • PDF

Project Management : Simplifying or Exacerbating (프로젝트를 위한 프로젝트 관리의 역할)

  • Qureshi, Sheheryar Mohsin;Kang, Chang Wook
    • Journal of Korean Society of Industrial and Systems Engineering
    • /
    • v.37 no.2
    • /
    • pp.9-18
    • /
    • 2014
  • The purpose of this research is to initiate discussion to simplify existing tools and methods for managing projects which make project management a harder job to perform and a tougher task to handle. Additionally, summarizing the definitions of "project" that have been found from reviewing the relevant literature, it deliberates on revising the duties and responsibilities of project manager and proposes performance expectancy triangle explaining a relationship among accountability, responsibility and authority - the Tri-butes. It sheds light on several factors critical to the success of projects. Finally, we propose a function indicating that customer demands or desires greatly affect project complexity.

A Process of the Risk Management for a Space Launch Vehicle R&D Project (우주발사체 개발사업의 위험관리 프로세스)

  • Cho, Dong Hyun;Yoo, Il Sang
    • Journal of the Korean Society of Systems Engineering
    • /
    • v.12 no.2
    • /
    • pp.19-27
    • /
    • 2016
  • Many countries concentrated on the space developments to enhance the national security and the people's quality of life. A space launch vehicle for accessing the space is a typical large complex system that is composed of the high-technology like high-performance, high-reliability, superhigh-pressure, etc. The project developing large complex system like space launcher is mostly conducted in the uncertain environment. To achieve a goal of the project, its success probability should be enhanced consistently by reducing its uncertainty during the life cycle: it's possible to reduce the project's uncertainty by performing the risk management (RM) that is a method for identifying and tracing potential risk factors in order to eliminate the risks of the project. In this paper, we introduce the risk management (RM) process applied for a Space Launch Vehicle R&D Project.

The Establishing of the Self-regulation System for Quality and Safety Management (현장(現場) 자율(自律) 품질안전관리(品質安全管理) 시스템 구축(構築))

  • Baik, In-Whee
    • Proceedings of the Korean Institute of Building Construction Conference
    • /
    • 2007.04a
    • /
    • pp.81-87
    • /
    • 2007
  • PMIS (Project Management Information System) has been applied in the R4-PROJECT This construction project has been controlled and managed by PMIS for the whole process of project. Moreover, this PMIS is updated to the Self-regulation System for Quality and Safety Management which is integrated and developed from PMIS in R4-PROJECT. So, The Self-regulation System for Quality and Safety Management has been delivering effective communication and information distribution with various stakeholders related to project and also brought the achievement of efficient construction management. As the system is successfully utilize, the satisfaction of costumer request and the performance of no accident for 550 million hours could be attained.

  • PDF

Individual behavioral competences for construction project risk manager

  • Lee, Kwang-Pyo;Lee, Hyun-Soo;Park, Moonseo;Kwon, Byung-ki;Hyun, Hosang
    • International conference on construction engineering and project management
    • /
    • 2015.10a
    • /
    • pp.183-187
    • /
    • 2015
  • The Risk Management (RM) is applied for managing uncertainty of project. In this circumstance, the competences of RM have a direct effect on the performance of its application. Especially, as the RM, one of the project management areas, is a peopleoriented management field, the individual behavioral competences are significant for a risk manager. Therefore, this paper describes the development of individual behavioral competences for construction project risk manager. For this, the research classifies the individual behavioral competences of RM. And, the Exploratory Factor Analysis (EFA) are applied to verify a validity of the competences. Likewise, a reliability analysis using Cronbach's alpha values is performed to test internal consistency. Based on the results, the authors carry out the Focus Group Interview (FGI) on expert panels of construction RM to confirm the hierarchical model of the individual behavioral competences. It is concluded that the proposed hierarchical model of individual behavioral competences helps construction companies to diagnose the competences of their project risk manager for progressing.

  • PDF

An Exploratory Study on the Relationship with Previous Project Risk Evaluation and Project Performance (사전 프로젝트 리스크 평가와 프로젝트 성과와의 관계에 관한 탐색적 연구)

  • Hosnag, Kim;Kyungsik Yang
    • Journal of Service Research and Studies
    • /
    • v.12 no.3
    • /
    • pp.70-92
    • /
    • 2022
  • Project risk assessment is the most important activity performed at the beginning of a project because it can judge the performance of the project in advance. In this study, We were evaluated risk with traditional risk factors such as technology and schedule, etc, and Indirect risks factors such as financial, strategic, and special risks. and then, we analyzed what kind of relationship these risk evaluation factors have on business performance and customer satisfaction. As a result of the research, it was found that the risk evaluation items had a relationship with performance and customer satisfaction. However, It is possible that the performance may differ depending on how risks are managed after risk assessment. Therefore, follow-up studies should be conducted, including information on risk management practices. This study is meaningful that presenting practical risk evaluation items and at the same time identifying the relationship with performance. We plan to further the study in future studies including the evaluation of risk management process.

A Study on Models of Economic Performance Analysis for Science and Technology Information Management Distribution Project (과학기술정보 관리·유통사업의 경제성 분석 모델 수립에 관한 연구)

  • Park, Sung-Uk;Lee, Pill-Woo;Hahn, Sun-Hwa;Lee, Sang-Hwan;Hwang, Seog-Won
    • Journal of Information Management
    • /
    • v.43 no.3
    • /
    • pp.43-59
    • /
    • 2012
  • We established economic models for economic performance analysis in order to respond to changes in a rapidly changing environment. We tried to maximize business efficiency and performance of science and technology information management distribution project. The science and technology information management distribution project is significantly different from general R&D project. In this paper, it is meaningful to develop economic models to analyze economic outcomes for science and technology information management distribution project. We anticipate that these models will contribute greatly to economic performance analysis for science and technology information management distribution project.

Research Trends of Technology Holding Companies and Suggestions for improving Corporate Performance : Focusing on the introduction of PMO (기술지주회사 연구동향과 기업성과 향상을 위한 제언 : Project Management Office(PMO) 도입을 중심으로)

  • Lee, Kangoh;Lee, Chanho
    • Journal of East Asia Management
    • /
    • v.4 no.1
    • /
    • pp.53-77
    • /
    • 2023
  • Modern company faces an uncertain future and a competitive environment and are seeking new technologies and creative products to ensure the corporate growth and survival in the market through continuous innovation. "University Industry Cooperation(UIC)" is a point of contact for overcoming the crisis faced by companies and universities in this era and a cooperation platform for mutual prosperity. As a subsidiary of a university, "Technology Holding Company(THC)" is attracting attention as a new window for UIC in Korea. The role of THC is to establish and foster the business opportunities of their subsidiaries and to return investment profits to the university ecosystem again. But recently, the life cycle of technology is getting shorter, and the development cost is steadily increasing. In particular, with the increase of hybrid projects based on convergence and combination, the risk of conducting research(R&D) and new product development(NPD) projects is gradually increasing. A PMO refers to a project management organization that can contribute to improving the success rate of projects with increasing uncertainty by supporting project visibility and appropriate decision-making. The purpose of this study is to raise a research question on whether THC's corporate performance can be improved when "Project Management System(PMO Service)" is introduced into the subsidiary incubation system of THC. This study proposes several research methods to identify the relationship between the introduction of PMO and the corporate performance of THC.

Process Model for development of EVMS in Nuclear Power Plant Project (원전건설 성과관리시스템(EVMS) 개발을 위한 프로세스 모델 연구)

  • Kim, Yun-Myung;Won, Seo-Kyung;Shin, Il-Sub
    • Proceedings of the Korean Institute of Building Construction Conference
    • /
    • 2014.05a
    • /
    • pp.58-59
    • /
    • 2014
  • EVM(Earned Value Management) is a management methodology for integrating scope, schedule and resources, and for objectively measuring project performance and progress. EVMS(Earned Value Management System) has been used for the performance measurement of R&D and construction projects in developed countries such as United States, United Kingdom and Australia. The nuclear power plant (NPP) projects in Korea have not applied EVMS. However, EVMS has come into request for overall schedule and cost risk management and performance measurement in overseas project of the nuclear power plant as a contractor. In this paper, based on the global EVMS guidelines, EVMS per unit processes have been developed for NPP projects. Moreover, using Business Process Management (BPM), it proposes an integrated process model with tasks, roles, and procedures for EVMS for NPP construction projects.

  • PDF

The Mediation Effect of Knowledge Transfer on IT Project Performance (IT 프로젝트 성과에 대한 지식이전의 매개효과에 관한 연구)

  • Lee, Sang-Hoon;Kim, Gi-Mun;Lee, Ho-Geun
    • Asia pacific journal of information systems
    • /
    • v.15 no.3
    • /
    • pp.9-39
    • /
    • 2005
  • Recently, knowledge transfer has been recognized as one of the major factors for success of IT projects but little investigated in Information Systems research. IT project, which needs collaboration between organization's IT project team and external partner, is an critical source for a firm to acquire external knowledge and to achieve its competitive advantage. Based on this recognition on knowledge transfer under IT project, we investigate a mediation role of knowledge transfer to IT project performance after identifying its antecedents such as project team capabilities and partner capabilities. The research model is tested by analyzing 161 sample data gathered from firms' employees who have participated IT projects within last two years. The results reveal that knowledge transfer has full-mediation effect between its antecedents and IT project performance. Moreover, project team capabilities have more impacts on knowledge transfer than partner capabilities do.