• Title/Summary/Keyword: Project Performance Management

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SEARCHING FOR KNOWLEDGE IN THE CONSTRUCTION EXTENSION TO THE PMBOK GUIDE (THIRD EDITION)

  • F. Zhang;J. Zuo;S. Pullen;George Zillante
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.93-98
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    • 2011
  • The application of knowledge management concepts as a way to improve project success is an emerging topic for project management researches around the world. The Construction Extension to the PMBOK® Guide Third Edition documents the knowledge and practices that are generally recognized as good practices for managing engineering and construction projects. However, it is not unusual to see that engineering and construction projects suffer from poor performance. Based on a critical literature review, a theoretical framework is developed for the application of knowledge management in engineering and construction projects. This framework is subsequently applied as a lens to examine the construction extension to the PMBOK® Guide, aiming to identify the key characteristics of knowledge management in this standard. This research also aims to highlight those aspects of the construction extension to the PMBOK® Guide that can be improved from the knowledge management perspective. Recommendations are made to improve this standard by means of applying knowledge management concept so that better project outcomes can be achieved.

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Improvement of Project Competency for Small IT Companies through SWOT-AHP Analysis (SWOT-AHP 분석을 통한 소규모 IT업체의 프로젝트 수행 역량 개선)

  • Lee, Min-Kyung;Kang, Chang-Wook
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.41 no.3
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    • pp.83-89
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    • 2018
  • In the SW industry, the diversification of global markets and technology trends are changing due to the emergence of new services, and IT companies are in need of strategic change different from the previous one. In this study, SWOT analysis was performed by extracting the internal environmental factors and external environmental factors through the previous studies to improve the project performance competence of small IT companies, and the SWOT Matrix was reconstructed through the pairwise comparison. Based on this, the purpose of this research was to propose the project performance competency improvement plans for small IT companies based on importance and priority, and the following four strategies were derived from the result of SWOT-AHP analysis. SO strategy was drawn in direction to invest R & D in new SW industry to enhance technology competitiveness of SMEs in order to develop SMEs, and in order to secure competitiveness of SW industry, WO strategy is drawn the cultivation of professional technical manpower through SW policy. ST Strategy presented technical management through SW system improvement policy to improve SW environment, and WT Strategy presented awareness training on the construction and necessity of project management system construction. Using the strategies presented in this study, it is expected that the managers of small IT firms will be presented as references to measure the performance competence factors of current organizations and company organizations.

Balancing Efficiency and Flexibility in Software Project: The Role of Team Collective Improvisation, behavioral integration, and member diversity

  • Lee, Young-Joo;Lee, Jung-Hoon;Ham, Kyung Sun
    • Journal of Contemporary Eastern Asia
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    • v.16 no.1
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    • pp.22-45
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    • 2017
  • The successful management of software (SW) projects is a continuous concern to managers, which is attributed to the contradictory demands that most projects are facing; meeting user requirements within time and budget limit while flexibly dealing risks during the progress of the projects. The present study asserts project performance and risk mitigation are not tradeoff but to be achieved simultaneously, which is called SW project ambidexterity. Drawing on the literature on organizational behavior, hypotheses are developed speculating the relation among project performance, risk mitigation, team collective improvisation, team behavioral integration, and team diversity. Using empirical data collected from 102 SW project teams of 507 team members in South Korea, empirical analysis indicates team collective improvisation is a significant antecedent to SW project ambidexterity, playing a pivotal role to balance the contradictory demands. Furthermore, team behavioral integration positively influences the degree of team collective improvisation, and the magnitude of the relation is partially contingent on the team members' age and major diversity. The present study advances theory by providing a context specific explanation about the SW project ambidexterity and its precedents.

Identification of Factors Affecting Time and Cost Performance in Vietnam Construction Projects

  • Long, Le-Hoai;Lee, Young-Dai;Lee, Jun-Yong
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2007.11a
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    • pp.728-731
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    • 2007
  • In-planned duration and cost at project closing are the two of criteria of successful project and successful project management. In Vietnam, regularly, construction projects are delayed and their costs are overrun. This research employed a questionnaire survey to elicit the causes of this situation by interviewing 87 Vietnamese construction experts. After processing data, 21 causes of delay and cost overruns appropriate with building and industrial project in construction stage were inferred and ranked. Spearman's rank correlation tests showed that there're no differences in the viewpoints between parties in project.

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APPLYING ELITIST GENETIC ALGORITHM TO RESOURCE-CONSTRAINED PROJECT SCHEDULING PROBLEM

  • Jin-Lee Kim;Ok-Kyue Kim
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.739-748
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    • 2007
  • The objective of this research study is to develop the permutation-based genetic algorithm for solving the resource-constrained project scheduling problem in construction engineering by incorporating elitism into genetic algorithm. A key aspect of the algorithm was the development of the elitist roulette selection operator to preserve the best individual solution for the next generation so the improved solution can be obtained. Another notable characteristic is the application of the parallel schedule generation scheme to generate a feasible solution to the problem. Case studies with a standard test problem were presented to demonstrate the performance and accuracy of the algorithm. The computational results indicate that the proposed algorithm produces reasonably good solutions for the resource-constrained project scheduling problem.

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A Study on the good use of Construction Management Model based on BIM (CM(ConstructionManagement)에의 효율적 BIM활용에 관한 연구)

  • Min, Young-Gi;Kim, Kyung-Jun
    • Journal of The Korean Digital Architecture Interior Association
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    • v.10 no.3
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    • pp.87-95
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    • 2010
  • The CM(Construction Manager) of D-university has been seeking the advice of my BIM-team to adopt CM(Construction Management) and BIM best practices to improve project delivery results, and has authored best practice reports for spatial validation, BIM, 3D, 4D and 5D performance. Building Information Modeling(BIM) Process, Integration, and Adoption looks at BIM implementation from a company and project level laying out a process for companies to use BIM. Following this studies, participants will be able to: 1. BIM participants has been creating a BIM process diagram for a project, and has been evaluating and selecting process options for a specific BIM project. 2. BIM participants has been describing the roles and responsibilities of participants in the BIM process, and has been communicating the BIM process to management, colleagues, and project stakeholders. 3. BIM participants has been identified consistent factors influencing BIM return on investment at the project level and the company level, and has been outlining a process for BIM adoption on the project level and company level.

Evaluation Factors Influencing Construction Price Index in Fuzzy Uncertainty Environment

  • NGUYEN, Phong Thanh;HUYNH, Vy Dang Bich;NGUYEN, Quyen Le Hoang Thuy To
    • The Journal of Asian Finance, Economics and Business
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    • v.8 no.2
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    • pp.195-200
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    • 2021
  • In recent years, Vietnam's economic growth rate has been attributed to the growth of many well-managed industries within Southeast Asia. Among them is the civil construction industry. Construction projects typically take a long time to complete and require a huge budget. Many socio-economic variables and factors affect total construction project costs due to market fluctuations. In recent years, crucial socioeconomic development indicators of construction reached a fairly high growth rate. Also, most infrastructure and construction projects have a high degree of complexity and uncertainty. This makes it challenging to predict the accurate project price. These challenges raise the need to recognize significant factors that influence the construction price index of civil buildings in Vietnam, both micro and macro. Therefore, this paper presents critical factors that affect the construction price index using the fuzzy extent analysis process in an uncertain environment. This proposed quantitative model is expected to reflect the uncertainty in the process of evaluating and ranking the influencing factors of the construction price index in Vietnam. The research results would also allow project stakeholders to be more informed of the factors affecting the construction price index in the context of Vietnam's civil construction industry. They also enable construction contractors to estimate project costs and bid rates better, enhancing their project and risk management performance.

Exploring Control in Bottom-Up Information System Development Projects to Improve Software Development Performance

  • Cho, Donghwan
    • International Journal of Contents
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    • v.15 no.2
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    • pp.38-43
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    • 2019
  • Recently, bottom-up information systems (BUIS), developed according to the requirements of individual user departments, have become popular. However, effective management of BUIS projects is not enough, with many organizations having experienced integration challenges with such individual projects. BUIS projects are relatively small and limited in scope, as opposed to the large, complex systems developed through traditional top-down information system development projects. Due to these differences in characteristics, the control modes as well as the aspects to improve development performance in each type of project are also different. Therefore, it is difficult to apply the results of prior research on control in system development projects to improve BUIS project performance. The purpose of this study is to derive a new theory of control to improve BUIS project performance. The results contribute to the improvement of firm performance through effective control of BUIS projects in modern enterprises.

The Effects of R&D Project Managers' Leadership on Product Development Performance: Focused on the Mediating Effects of Project Sponsor Roles (R&D 프로젝트 관리자의 리더십이 제품개발 성과에 미치는 영향: 프로젝트 스폰서 역할의 매개효과를 중심으로)

  • Lee, Rok;Jun, In-Sun;Park, Ju-Gyeong
    • Journal of the Korea Academia-Industrial cooperation Society
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    • v.21 no.1
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    • pp.70-80
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    • 2020
  • This study examined the effects of the R&D project managers' leadership on the product development performance. A survey was carried out empirically on a group of 175 experts associated with project management R&D operations in the field of manufacturing, construction engineering, shipbuilding, plant, and IT. The survey results showed that the effects of the R&D project managers' leadership on the product development performance were not significant, and the mediating effects of the project sponsor roles were significant. This means that the leadership of leaders, which requires efficient control and management based on complicated intergroup relationships and roles, is important in a project involving experts from the professional field. This suggests that the efficient leadership of leaders can improve the performance through the cooperation of members in the organization and aggregation of their core competencies in a limited time. Overall, the key results of this study mean that project leaders should play an active mediating role to maximize their leadership and enhance the role of project sponsors. In addition, the mediating role of project sponsors has an effect on the leadership of project managers, affecting the project performance quality.

Project Performance Improvement of Employees: A Psychological Empowerment Approach

  • Oh, Sung-Tae;Kim, Sodam;Kim, Hee-Woong
    • Asia pacific journal of information systems
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    • v.26 no.4
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    • pp.509-525
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    • 2016
  • According to the dynamic changes in the business environment, the structural transformation of firms has had an observable trend. An increasingly large number of firms have been transforming into either project-based organizations or project expert groups. This study aims to investigate the antecedents required for the optimal level of empowerment with consideration of the project-based team environmental nature and job characteristic. Three factors are applied to measure the significant effects on psychological empowerment as the result variables. To determine the antecedents and consequent factors of psychological empowerment, employees' interviews and precedent studies are used. For the empirical study, four determinants of empowerment variables are modeled into a second-order reflective construct. This study finds that psychological empowerment significantly affects performance. Therefore, this study can serve as a guideline for development and operating methods for project success.