• Title/Summary/Keyword: Project completion time

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Adjust timing of Construction Construction Evaluation (건설공사 시공평가 시기 조정)

  • Yoon, Ji-Ho;Nam, Keong-Woo;Jang, Myung-Houn
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2019.05a
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    • pp.78-79
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    • 2019
  • A construction project with a total construction cost of over 10 billion KRW should be evaluated whether construction works are appropriately executed. The evaluation is carried out on quality management, process management, construction management, safety management, environmental management. The implementation period is within 60 days after completion of construction of the construction, from the time when the construction rate of the construction work has progressed by more than 90% to the construction cost. However, the participating construction engineers should prepare the evaluation within the period according to the evaluation criteria, but there are difficulties in preparation for the evaluation due to the reasons such as the change of engineers in charge and loss of data. Therefore, this study proposes the procedure of construction evaluation and adjusts timing of construction evaluation.

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The Introduction of Converter Station Construction for HVDC Link Project between Jindo and Jeju (진도~제주간 직류연계 사업을 위한 변환소 건설 개요)

  • Lee, Jong-Seok;Moon, Bong-Soo;Kang, Won-Tag;Kim, Kyeong-Seok
    • Proceedings of the KIEE Conference
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    • 2009.07a
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    • pp.357_358
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    • 2009
  • According to the 4th BPE(Basic Plan for long-term Electricity Supply and Demand), Electricity demand of Jeju island in 2012 will be reached to 682MW. Jeju island will be faced with severe shortage of electricty, also needed to find transport route to supply green energy which will be made from "Carbon free island" energy policy toward land at that time. For that reason, The plan which construct 400MW size HVDC connection line was decided for potential supply stabilization and transportation of green energy. KEPCO organized special construction office not only to observe the successful project completion which aims 2011 December but also to build up professional manpower. KEPCO is putting spur to the HVDC project these days. Construction site of converter stations has been already confirmed and contracts of cable, converter have done as per turn-key early this year. On this report, we would like to discuss about project scheme, main characteristics of system, and the furture progress plan of "Jindo~Jeju HVDC construction project expecially converter station part" which is being pushed by KEPCO.

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Profit-oriented Impact Analysis of Demand Management Strategy on Design-Build Firms Using System Dynamics

  • Yoo, Wi-Sung
    • Journal of the Korea Institute of Building Construction
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    • v.12 no.2
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    • pp.169-182
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    • 2012
  • In the past, a strategic management of work demands has been increasingly challenged to design-build (DB) firms. Such a management is capable of providing sufficient profitable impact of a project on them. Total project profit is mainly related to actual resources, work completion time, amount of rework, and costs. The degree of recycling work packages in the DB project delivery system is used as a measure of the quality of the performed work. However, there are few models available to evaluate the impact of a demand management strategy on the DB firms and to predict its behavior. We propose a decision-making support model as an aid for assessing the amount of rework and for predicting project profit resulting in a convincible demand management strategy. This model is constructed by using a dynamic feedback approach that can analyze the problems arising in complex managerial systems. For the purpose of illustration, widely acceptable strategies were applied into the model to explore their impacts on the DB firms. The results indicate that the model is helpful for the managers in selecting the most appropriate demand management strategy for successfully achieving their objectives.

A Study on the Recognition Analysis of Participants in Urban Regeneration Project Using Text Network Analysis Technique (NetMiner): Focused on the Urban Regeneration Leading Area in Suncheon-City

  • Gim, Eo-Jin;Koo, Ja-Hoon
    • International Journal of Advanced Culture Technology
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    • v.7 no.4
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    • pp.246-254
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    • 2019
  • The purpose of this study is to analyze the issues related to urban regeneration project at the present time through surveys and interviews of participants in the urban regeneration leading project of Suncheon city. Most of the comments were related to business fragmentation and things that should be improved in the future. The text network technique is applied to the subject analysis using unstructured text data. As a result of the frequency of appearance and analysis of page rank centrality between words, words of 'parking', 'need', 'lack', 'region' and 'resident' appeared at the top, and the result of analyzing the mediation centrality of key words showed 'culture', 'Need', 'region', 'inflow' and 'lack' appeared at the top. In the network analysis, the most central words appeared, and many words appeared in the important position in the sentence. Text network analysis has provided timely results in terms of sustainability after completion of the Suncheon City Regeneration Leading Project..

Impact of Balance between Productivities on Repetitive Construction Projects

  • Shim, Euysup;Yoo, Wi Sung
    • Journal of the Korea Institute of Building Construction
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    • v.13 no.4
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    • pp.360-371
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    • 2013
  • Fast delivery of construction projects provides more value to project owners. Batch production, which is production not in single pieces, but in batches, is a common approach in repetitive construction projects such as multi-unit residential building construction projects. In batch production, the use of a small batch size allows the early start of subsequent activities, and thus can lead to early completion of projects. In addition to batch size, balance between productivities in construction activities can affect project duration. However, the impact of the balance between productivities with regard to their order on project duration has not been studied. The main goal of this study is to test a hypothesis, which is that the order of construction activities' unbalanced productivities affects the amount of time reduction that can be achieved by using a small batch size. A computer-based simulation model was developed, and five different cases were simulated to test the hypothesis. The conclusion of the simulation result is that the order of productivities does not affect the time reduction achieved by using a small batch size. It is expected that the findings of this study can help general contractors make decisions in terms of batch size.

Prediction and Evaluation of Schedule Exceptions on the EPC Projects of Overseas Plants (플랜트 프로젝트 일정위험 예외상황 예측 및 평가)

  • Sung, Hongsuk;Jung, Jong-yun;Park, Chulsoon
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.39 no.4
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    • pp.72-80
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    • 2016
  • The market size of plant projects in overseas is so large that domestic EPC project contractors are actively seeking the overseas projects and then trying to meet completion plans since successful fulfillment of these projects can provide great opportunities for them to expand into new foreign markets. International EPC projects involve all of the uncertainties common to domestic projects as well as uncertainties specific to foreign projects including marine transportation, customs, regulations, nationality, culture and so on. When overseas project gets off-schedule, the resulting uncertainty may trigger unexpected exceptions and then critical effects to the project performance. It usually require much more time and costs to encounter these exceptions in foreign sites compared to domestic project sites. Therefore, an exception handling approach is required to manage exceptions effectively for successful project progress in foreign project sites. In this research, we proposed a methodology for prediction and evaluation of exceptions caused by risks in international EPC projects based on sensitivity analysis and Bayesian Networks. First, we identified project schedule risks and related exceptions, which may meet during the fulfillment of foreign EPC projects that is performed in a sequence of engineering, procurement, preparatory manufacture, foreign shipping, construction, inspection and modification activities, and affect project performance, using literature review and expert interviews. The impact of exceptions to the schedule delay were also identified. Second, we proposed a methodology to predict the occurrence of exceptions caused by project risks and evaluate them. Using sensitivity analysis, we can identify activities that critically affect schedule delay and need to focus by priority. Then, we use Bayesian Networks to predict and evaluate exceptions. Third, we applied the proposed methodology to an international EPC project example to validate the proposed approach. Finally, we concluded the research with the further research topics. We expect that the proposed approach can be extended to apply in exception management in project management.

A Measuring Model of Risk Impact on The App Development Project in The Social App Manufacturing Environment (Social App Manufacturing 환경의 앱 개발 프로젝트에서 위험영향도 측정 모델)

  • Baek, Jung Hee;Lim, Young Hwan
    • KIPS Transactions on Software and Data Engineering
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    • v.3 no.9
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    • pp.335-340
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    • 2014
  • Crowd Sourcing-based Social App Manufacturing environment, a small app development project by a team of anonymous virtual performed without the constraints of time and space, and manage it for the app development process need to be automated method. Virtual teams with anonymity is a feature of the Social App Manufacturing, is an important factor that increases the uncertainty of whether the completion of the project or reduction in visibility of the progress of the project. In this study, as one of how to manage the project of Social App Manufacturing environment, the impact of risk that can be used to quantitatively measure the impact of the risk of delay in development has on the project also proposes a measurement model. Effects of risk and type of the impact of risks associated with delays in the work schedule also define the characteristic function, measurement model that has been proposed, suggest the degree of influence measurement equation of risk of the project in accordance with the progressive. The advantage of this model, the project manager is able to ensure the visibility of the progress of the project. In addition, identify the project risk of work delays, and to take precautions.

Development of an Effective Time Scheduling Mechanism of the Structural Framework for the High-rise Apartment Housing -Focusing on One Cycle Time Scheduling Mechanism of Typical Floor- (아파트 골조공사의 공기단축 및 효과적 공정운영 방안 -기준층 사이클 공정분석을 중심으로-)

  • Han Choong-Hee;Bang Jong-Dae
    • Korean Journal of Construction Engineering and Management
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    • v.5 no.4 s.20
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    • pp.87-96
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    • 2004
  • The construction duration in apartment construction is an important factor which affects project cost. Henceforth, the time shortening is essential to retrench project cost and project risk when there adopt Five-Day Workweek and introduce apartment sales after completion of construction. Therefore, the purpose of this study is to examine closely the affecting factors on the duration of framework which forms about $40\sim50\$ percent of total time in apartment construction by analyzing the schedule mechanism of typical floor and to show the reasonable time shortening methods by case study. The shown schedule mechanism and basic schedule table can utilize as a guideline in case of scheduling of framework in the existing construction method. Also, the shown time shortening methods by three case studies will guide the direction and process of time shortening while there need time shortening in many-sided projects.

FUZZY GOAL PROGRAMMING FOR CRASHING ACTIVITIES IN CONSTRUCTION INDUSTRY

  • Vellanki S.S. Kumar;Mir Iqbal Faheem;Eshwar. K;GCS Reddy
    • International conference on construction engineering and project management
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    • 2007.03a
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    • pp.642-652
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    • 2007
  • Many contracting firms and project managers in the construction industry have started to utilize multi objective optimization methods to handle multiple conflicting goals for completing the project within the stipulated time and budget with required quality and safety. These optimization methods have increased the pressure on decision makers to search for an optimal resources utilization plan that optimizes simultaneously the total project cost, completion time, and crashing cost by considering indirect cost, contractual penalty cost etc., practically charging them in terms of direct cost of the project which is fuzzy in nature. This paper presents a multiple fuzzy goal programming model (MFGP) that supports decision makers in performing the challenging task. The model incorporates the fuzziness which stems from the imprecise aspiration levels attained by the decision maker to these objectives that are quantified through fuzzy linear membership function. The membership values of these objectives are then maximized which forms the fuzzy decision. The problem is solved using LINGO 8 optimization solver and the best compromise solution is identified. Comparison between solutions of MFGP, fuzzy multi objective linear programming (FMOLP) and multiple goal programming (MGP) are also presented. Additionally, an interactive decision making process is developed to enable the decision maker to interact with the system in modifying the fuzzy data and model parameters until a satisfactory solution is obtained. A case study is considered to demonstrate the feasibility of the proposed model for optimization of project network parameters in the construction industry.

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Assessing the Value of Research and Exploratory Development Stage of an R&D project under Duopoly and Oligopolistic Competition

  • 최돈호;김지수
    • Journal of Technology Innovation
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    • v.4 no.1
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    • pp.165-183
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    • 1996
  • In acquiring and transferring a superior knowledge assesing the intermediate result value of a competitive R&D project is very important for a firm engaging in R&D. Most existing literatures on R&D evaluation are concerned with project selection and resource allocation. In this paper the stage of an R&D project is classified into research, exploratory development, and development. And a model is suggested which evaluates the intermediate result value before completion of development stage under duopoly and oligopolistic competition. Assessed value of the intermediate result transferred to the next tier company can be used as a minimum acceptable price to the inventor when more advanced knowledge acquired through R&D is transferred to the next tier one. The model suggested is composed of structural variables including research cost, success rates, potential profits, discount rate degree of competition. By using exponential distribution for invertion process time in each stage, we derive a formula that can assess the value of the intermediate result, and we demonstrate how the model can be applied to a competitive R&D situation through an example.

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