• Korean Journal of Construction Engineering and Management
• /
• v.8 no.4
• /
• pp.119-127
• /
• 2007

Cost and Schedule is the most important information, and how efficiently manage this information is the key issue for Construction Project Management. Domestically, systematic scheduling method such as CPM network is not only used widely but integration of time and cost information also is. In order to effectively integrate and use the time and cost information, it is suggested that WBS(Work Breakdown Structure) based QDB(Quantity Database) should be generated from the design phase and, WBS and QDB related system tool should be supported. It could be helpful to relate and integrate other construction project information.

• International conference on construction engineering and project management
• /
• 2022.06a
• /
• pp.590-598
• /
• 2022

Benchmarking is an important tool to assess the performance of capital projects in the construction industry. Incorporating cost-related metrics into a benchmarking system requires an effective cost normalization process to enable meaningful comparisons among projects that were executed at different locations and times. Projects in the downstream and chemicals sector have unique characteristics compared to other types of construction projects, they require a distinctive cost normalization framework to be developed to benchmark their absolute cost performance. The purpose of this study is to develop such a framework to be used for the case of benchmarking the downstream and chemical projects for their performance assessment. The research team started with a review of existing cost normalization methodologies adopted in benchmarking systems and conducted 7 interviews to identify the current cost normalization practices used by industrial professionals. A panel of 12 experts was then convened and it held 6 review sessions to accomplish the framework development. The cost normalization framework for benchmarking downstream and chemical projects was established as a three-step procedure and it adopts a 4-element cost breakdown structure to accommodate projects submitted by both owners and contractors. It also incorporated 5 published cost indexes that are compatible with downstream and chemical projects and they were embedded into 2 options to complete the normalization process. The framework was then pilot-tested on 4 completed projects to validate its functional practicality and the downstream and chemical use case in the benchmarking system.

• Journal of Hydrogen and New Energy
• /
• v.33 no.6
• /
• pp.643-659
• /
• 2022

For the economic analysis of fuel cells, levelized cost of electricity was calculated according to the type, capacity, and annual production of the fuel cells. The cost of every component was calculated through the system component breakdown. The direct cost of the system included stack cost, component cost, assembly, test, and conditioning cost, and profit markup cost were added. The effect of capacity and annual production was analyzed by fuel cell type. Sensitivity analysis was performed according to stack life, capital cost, project period, and fuel cost. As a result, it was derived how much the economic efficiency of the fuel cell improves as the capacity increases and the annual production increases.

• Korean Journal of Construction Engineering and Management
• /
• v.8 no.4
• /
• pp.110-118
• /
• 2007

For deciding the owner's budget of the building construction in the predesign stage, the probabilistic methodologies for estimating the cost are often studied, however these parameter-based conceptual estimating methodology has limitation of applying it to the practical business because it hardly can link the design decision-making and the cost estimating and control. Besides if the result of detail estimating after detail design is over the budget, locally and arbitrarily control the level of interior design and fix the design. This research proposed the prototype-based cost estimating model for building interior construction which leads to estimate the interior cost easily linking with design decision-making and supports to evaluate the design alternatives in the schematic design and the design development stage for office buildings. The model divides the building on the design process by Element Breakdown Structure and presents the design alternative by selecting the elements of each room from the database accumulated the historical office buildings' prototypes and estimates the cost. The 2 case studies presented to validate the effectiveness of as the linking tool integrating the design and construction data and applicability to the practical design on the presented prototype-based model.

• Journal of the Korea Academia-Industrial cooperation Society
• /
• v.19 no.12
• /
• pp.702-708
• /
• 2018

3D printing technology is attracting increasing attention as a key technology of the fourth industrial revolution that can change the production paradigm of existing industries. The introduction of construction 3D printing technology has been slower than other industries because of the characteristics of the construction field. On the other hand construction automation using 3D printing is required to reduce the production population, as well as improve productivity and safety. In this study, a construction 3D printing work breakdown structure and link method to a standard estimation system were developed as a preliminary preparation for introducing 3D printing to construction. Based on expert consultation on construction and 3D printing, a hypothetical scenario was developed based on existing construction 3D printing technology. According to the scenario, 16 kinds of works required for 3D printing construction work were derived. The existing work breakdown structure and standard estimation system were analyzed, and the 3D printing work was linked. 3D printing works that were the same as the existing breakdown structure were found, and non-existent works were added to the similar breakdown structure. These results are expected to be helpful for future 3D printing construction management and cost estimation. The actual standard estimation system through 3D printing work will need to be calculated.

• Korean Journal of Construction Engineering and Management
• /
• v.17 no.1
• /
• pp.66-75
• /
• 2016

As the demands for traditional Korean housing has been increased in recent years, modernized Korean traditional housing (Hanok) was developed as a way of providing Hanok for the public. Modernized Hanok attempts to remedy the shortcomings of the traditional hanok (i.e., high unit cost of building and low energy performance). In the previous researches, standardization and productivity improvement for modernized Hanok dissemination have been intensely developed. Above all, cost estimating for modernized Hanok is also an important factor. In an effort to provide effective system for Hanok construction, this paper developed 'standard cost data' for modernized Hanok. Distinct characteristic of modernized Hanok construction were analyzed first. Then, basic structure was identified, and major items were selected for Hanok standard cost data. However, this set of cost data was developed based on two mock-up Hanok projects actually constructed. Accordingly, this standard cost data will be further updated and modified by continuously accumulating real-world Hanok projects

• Journal of Ocean Engineering and Technology
• /
• v.35 no.5
• /
• pp.382-392
• /
• 2021

In recent years, floating offshore wind turbines have attracted more attention as a new renewable energy resource while bottom-fixed offshore wind turbines reach their limit of water depth. Various projects have been proposed with the rapid increase in installed floating wind power capacity, but the economic aspect remains as a biggest issue. To figure out sensible approaches for saving costs, a comparison analysis of the levelized cost of electricity (LCOE) between floating and bottom-fixed offshore wind turbines was carried out. The LCOE was reviewed from a social perspective and a cost breakdown and a literature review analysis were used to itemize the costs into its various components in each level of power plant and system integration. The results show that the highest proportion in capital expenditure of a floating offshore wind turbine results in the substructure part, which is the main difference from a bottom-fixed wind turbine. A floating offshore wind turbine was found to have several advantages over a bottom-fixed wind turbine. Although a similarity in operation and maintenance cost structure is revealed, a floating wind turbine still has the benefit of being able to be maintained at a seaport. After emphasizing the cost-reduction advantages of a floating wind turbine, its LCOE outlook is provided to give a brief overview in the following years. Finally, some estimated cost drivers, such as economics of scale, wind turbine rating, a floater with mooring system, and grid connection cost, are outlined as proposals for floating wind LCOE reduction.

• Journal of The Institute of Information and Telecommunication Facilities Engineering
• /
• v.2 no.4
• /
• pp.52-63
• /
• 2003

This study proposes a change from the currentexpected price integrated system, which is based on the standard of estimated unit manpower and material, to a new actual construction cost integrated system. In order to implement it, the standard method of measurement organization system as well as the communication area standard of estimated unit manpower and material should be changed Moreover, the work breakdown structure and itemized structure should be assorted.

• International conference on construction engineering and project management
• /
• 2005.10a
• /
• pp.1262-1267
• /
• 2005

It is still difficult to share and utilize the information generated at each phase of a steel box girder production process due to the spatial gap and different level of management information. The physical distance results in the inefficiency of the information transmission, the accidental omission and typos of the relative information, and so on. Various levels of management information make it difficult to embody a new management system. Eventually, these factors incur the loss of cost and schedule and interrupt development of a new management system. This paper analyzes a current process and presents graphical process flow by using IDEF0. Based this analysis, the research for new production process and work breakdown structure (WBS) is conducted. At the end of this paper, the conceptual design of this system is suggested. Through new management system, it is expected that the model proposed in this study will improve the management process in the steel box production, and the improved process will reduce the redundant cost and schedule information, transmission and deposit generated by manual paper.

• Proceedings of the Korean Institute Of Construction Engineering and Management
• /
• autumn
• /
• pp.119-126
• /
• 2001

This paper analyzes problems related to total cost changes in private investment projects, and then proposes an improvement measure for the control of cost changes within the framework of the project management, contract, human resource, project communication, cost, and time management. From the viewpoint of contract management, the basis of cost change ought to be cleared up with standardization of related provisions in the concession agreement, and potentiality of change ought to be excluded with prescription of the private investor's leading role from the design phase. Regarding human resource management, this paper proposes a standard work flow granting much sovereign rights to private parts by putting restriction on work scopes of the entrusted authority of government, and transferring the rights of assignment, contract, and control about the responsible supervisor to the concessionaire. With regard to project communication management the notification of changes on drawings and technical documents ought to be automated and the realtime database ought to be established with DMIS (Drawings & Documents Management Information System). From the cost management point of view, this thesis integrates the control of cost-change-approved items and disapproved items to one cost breakdown system, and then harmonizes the actual progress with EVMS in time management.