• Title/Summary/Keyword: construction Schedule Risk

Search Result 81, Processing Time 0.023 seconds

An Analysis of Risk Factors of a Construction Project through Execution Plan (실행분석을 통한 건설 프로젝트의 위험 요인 분석)

  • Park Young-Min;Kim Soo-Yong;Kim Ki-Young
    • Korean Journal of Construction Engineering and Management
    • /
    • v.6 no.2 s.24
    • /
    • pp.139-149
    • /
    • 2005
  • The major purpose of construction project management is to meet defined targets(scope or quality) on schedule and budget. Korean construction industry is suuering from lower productivity as compared to other industry sectors. 'Management software' of the construction industry has not been developed as fast as hardware in the aftermath of compressed economic development following the Korean War. Therefore, this study is intended to compare project execution at planning phase and at completion phase and identifying the risk factor of construction projects. Construction projects are more extensive and long-winding than any other projects and stake holders of complex interests are often involved. In this study, we identified and analyzed risk factor for domestic building construction projects and outputs of this study will be conducive to the improvement of construction management processes in the future.

Development of Review Processes and Tools for Liquidated Damages for EPC/Turnkey Project: Contractor's Perspective

  • Hahn, Ki Jeong;Lee, Eul-Bum;Kim, Young Ho
    • International conference on construction engineering and project management
    • /
    • 2015.10a
    • /
    • pp.718-719
    • /
    • 2015
  • As a recent global trend, the majority of plant projects are delivered through EPC or EPC-turnkey contracts, where a contractor's liability is more complicated because of the mega size scale and financing method. Previous researches have been lacking a practical usability for project members for liabilities of contracts. Those were focused on solving the claims or schedule calculation issues only. The objective of the present study was to develop a validation process for LDs (liquidated damages) in contractor's liabilities with various case studies and expert judgments. As summarized in this paper, the processes and tools were developed with project life cycle process. The project preparation phase includes 3 step check lists to determine the Go or No-go for projects. In progress phase, contractors should focus on the response strategies for claims with liabilities. The study concludes that those developed processes and tools will help to manage risk of LDs for the contractors in the overseas projects.

  • PDF

A study on the Impact of Project Logistics Riskon Overseas Plant Business Performance (프로젝트 물류 리스크가 해외 플랜트 사업성과에 미치는 영향에 관한 연구)

  • Eun-Jin Park;Jin-Ho Oh;Keun-Sik Park
    • Korea Trade Review
    • /
    • v.45 no.2
    • /
    • pp.191-209
    • /
    • 2020
  • Project logistics is becoming increasingly important in overseas plant projects. Efficient logistics risk management is needed to reduce construction period and reduce costs. However, Korean construction firms bid unconditionally without sufficient experience and analysis on overseas plants contract, companies are gradually losing profitability on projects due to not considering profitability. Despite the significant effects on the profitability of Korean construction companies, and although these companies still continue to bid on overseas plant projects, policies to manage project logistics risks for safe transport and compliance with the contracted building schedule in the long term is still lacking. Hence, this study investigates the risk factors related to project logistics and to analyze the effect of project logistics risk on overseas plant business performance. We conducted a survey of project-related workers. The results of the analysis are as follows: First, among the logistics risk factors, overseas platform business people recognize operational risk and financial risk factors, which have a positive effect directly on overseas plant performance. Second, the ability to manage project logistics risks can have a significant impact on the success or failure of overseas plants. Finally, if logistics risk factors are managed on the basis of the research results confirmed through empirical analysis, it is possible to carry out more efficient and effective management of the project, which implies that this will have a positive effect on overseas plant business performance.

Standard Work Process to Reduce a Risk of Track Exchange Work for Railroad (철도 운행선 변경작업의 리스크 저감을 위한 표준작업 프로세스 도출)

  • Yoon, Chang Geun;Park, Su Yeul;Kim, Seok
    • Korean Journal of Construction Engineering and Management
    • /
    • v.22 no.6
    • /
    • pp.131-137
    • /
    • 2021
  • Since many resources are put into the work of changing the railway operation within limited time, it is important to have a specific work plan and safety management. For this reason, the work schedule is shared in advance, and parallel work is being carried out simultaneously by rail system, such as tracks, trolly wires, and signals. However, due to the nature of the transfer work, the work is carried out at night when the railway operation is finished, and many resources are put into the limited area of the operating line, so the risk of safety accidents and failure to change the operating line is recognized as high. Nevertheless, there is still not enough research done in korea regarding the operation line change construction. Therefore, this study is conducted a survey on the track exchange work of railroad for working people, and analyzed the results of the survey. Finally, a standard work process was suggested to reduce the risk of track exchange work.

Estimating Relative Risk Level of Construction Work (건설공사 상대적 위험도 산정)

  • Son, Ki-Sang;Yang, Hak-Soo;Gal, Won-Mo
    • Journal of the Korean Society of Safety
    • /
    • v.21 no.5 s.77
    • /
    • pp.53-59
    • /
    • 2006
  • Standard safety management costs can not be applied to each site with same rate, it is very difficult, because it depends on the experience, work method, work kind, work progress schedule, and hazard level of each construction company. Therefore, this study is to find out hazard level of each work kinds through questionnaire and interview and investigate analyze the status which standard safety management costs have been used. Also, this study is to show reasonable rates of standard safety management costs in construction industry and to set up countermeasures against those problem after reviewing its status in korea with in Japan and Europe. The domestic system of standard safety management costs is not considered in the foreign country, while only related subjective items have been investigated and evaluated for this study. This study is to investigate eleven project kinds of domestic system, first, and to investigate eleven items of apartment bldg, office, civil work such as bridge, tunnel, dam, plant etc, secondly. Additionally, three items of gymnasium, railway, particular steel tower are investigated in this study. Also this study is to investigate and analyze performed costs of presently processing worker finished work so that it shows a new reasonable rate against standard safety management costs in construction industry, in order to make basial data and material to be systemized.

Quantifying Monetary Value of Float

  • Park, Young-Jun;Lee, Dong-Eun
    • International conference on construction engineering and project management
    • /
    • 2015.10a
    • /
    • pp.111-113
    • /
    • 2015
  • Floats are used by the parties involved in a construction project. The owner may use float by changing order(s) or by executing risk avoidance plan; the contractor may use it for leveling resources or substituting activities' construction methods to reduce costs. Floats are accepted either just as by-product obtained by critical path method(CPM) scheduling or as asset having significant value. Succinctly, existing studies involved in float value does not consider its' changes on project time domain. It is important to identify float ownership and to quantify its' corresponding values. This paper presents a method that quantifies float value of money that changes over project execution. The method which accurately computes the monetary value of float may contributes to resolve conflicts relative to float ownership and/or delay issues among project participants. It compares the difference between the monetary value of total float - on non-critical path in each and every schedule update. It makes use of critical path method (CPM) and commercial software with which practitioners are already familiar.

  • PDF

Modular Building Construction Process Development by Benchmarking International Best Practices (선진 사례 벤치마킹을 통한 국내 모듈러 건축 시공 프로세스 제안)

  • Shin, HyunKyu;Ahn, YongHan
    • Korean Journal of Construction Engineering and Management
    • /
    • v.17 no.6
    • /
    • pp.3-12
    • /
    • 2016
  • The purpose of this study is to provide a domestic applicable modular building construction process by benchmarking international best practices. In this study, we derive the risk factors that may occur in performing a modular construction projects and the modular construction management factors through case analysis. In order to effectively respond to risks in performing a modular building projects, we propose the modular building construction process which is separated by a transportation, lifting, assembly steps based on the unit module construction sequence. It is the key to providing management information and guidelines for the design, production, construction participants by reflecting the information for each step in the process. This study would prevent a potential hazard which may occur in the construction process. Consequently, It could result in saving the entire cost of modular construction project as shortening the project schedule and could improve workability of modular construction.

Strut as a Permanent System using Composite Beams (층고절감형 거더를 이용한 영구 스트러트 공법)

  • Hong, Won-Kee;Park, Seon-Chee;Kim, Jin-Min;Lee, Ho-Chan
    • KIEAE Journal
    • /
    • v.8 no.1
    • /
    • pp.87-92
    • /
    • 2008
  • Sheathing work used for excavation in a crowded downtown is generally a temporary strut method using H-piles and sheathing wall includes lagging, CIP, SCW or slurry wall. A temporary strut serving the support for sheathing wall acts to resist the earth pressure, but it shall be removed when installing the underground structure members. A traditional temporary strut might cause the stress imbalance of the sheathing wall when it is demolished, resulting in time extension and the risk of collapse. A traditional temporary strut method thus needs to be improved for schedule and cost reduction, risk mitigation and for preparation for potential civic complaint. A permanent strut method doesn't require installing and demolishing the temporary structure that will lead to reducing the time and cost and the structural risk during the demolition process. And given the girder, the part of the underground structure, serves the role of strut, it can secure the wider interval compared to the traditional method, which enables to secure the wider space for the convenience of excavation as well as enhance the constructability and efficient site management. The thesis was intended to study the composite girder designed to use the strut as permanent structure so as to reduce the excavation and floor height.

Seismic Fragility of Steel Piping System Based on Pipe Size, Coupling Type, and Wall Thickness

  • Ju, Bu Seog;Gupta, Abhinav;Ryu, Yonghee
    • International journal of steel structures
    • /
    • v.18 no.4
    • /
    • pp.1200-1209
    • /
    • 2018
  • In this study, a probabilistic framework of the damage assessment of pipelines subjected to extreme hazard scenario was developed to mitigate the risk and enhance design reliability. Nonlinear 3D finite element models of T-joint systems were developed based on experimental tests with respect to leakage detection of black iron piping systems, and a damage assessment analysis of the vulnerability of their components according to nominal pipe size, coupling type, and wall thickness under seismic wave propagations was performed. The analysis results showed the 2-inch schedule 40 threaded T-joint system to be more fragile than the others with respect to the nominal pipe sizes. As for the coupling types, the data indicated that the probability of failure of the threaded T-joint coupling was significantly higher than that of the grooved type. Finally, the seismic capacity of the schedule 40 wall thickness was weaker than that of schedule 10 in the 4-inch grooved coupling, due to the difference in the prohibition of energy dissipation. Therefore, this assessment can contribute to the damage detection and financial losses due to failure of the joint piping system in a liquid pipeline, prior to the decision-making.

Construction Planning and Design of a Long Tunnel (장대 터널의 계획과 설계)

  • 장석부;윤영훈;김용일;김진한
    • Proceedings of the Korean Geotechical Society Conference
    • /
    • 2000.03b
    • /
    • pp.117-124
    • /
    • 2000
  • This paper presents the construction planning and the detail design of a 16.2 km long railroad tunnel in a mountainous area. Major design conditions for railroad are the single track, loop-typed alinement, and a maximum grade of 24.5$\textperthousand$. A underground station(double track) with a length of 1.1km is located in the middle of the line for train cross-passing. Tunnel is excavated in highly complex geological conditions including faulted areas, abandoned mine works areas, and various rock types such as sandstone, shale, limestone, and coal seam partly. Drilling and blasting method was adopted because it is more flexible than TBM(Tunnel Boring Machine) as a result of risk assessment for geological conditions in this area. Two working adits were planned to adjust the construction schedule and can be used for ventilation and maintenance in operation phase. New material and concept were introduced to the tunnel drain design. They are expected to improve tunnel drain condition and capability. Rational tunnel support design was tried to consider the various tunnel size and purpose and to use the geological investigation results.

  • PDF