• Title/Summary/Keyword: integrated Construction Management

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PRACTICAL APPROACHES TO RISK MANAGEMENT FOR GLOBAL CONTRACTORS

  • Seung Heon Han;Du Yon Kim;Han Him Kim
    • International conference on construction engineering and project management
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    • 2005.10a
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    • pp.1231-1236
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    • 2005
  • Global construction projects manifest more risks than do other industries. Often, firms doing business in construction markets find these risks intimidating. To secure corresponding profits, many global contractors attempt to forecast the effects of risks and establish risk management strategies. However, one key problem with present-day risk management methods is that they are basically analytical or mathematical-oriented approaches which are not easy to adopt in real business. Based on preliminary investigations and evaluations of current tools, this research elicits more practical algorithms for risk checklist by constructing risk scenarios over the whole period of project execution. For the application of the algorithms, a "SE/RF" (Source-Event/Regular-Floating) checklist is suggested, which sorts out risk sources and their subsequent events, as well as dividing various risk factors into either regular or floating categories. In addition, the "PIS" (Probability-Impact-Significance) method is introduced, in place of traditional "PI" (Probability-Impact) methods, by adding the additional criterion of "risk significance" to determine the degree of risk exposure in a more realistic way. As a result, we draw the significant finding that the "PIS" method presents a closer evaluation regarding degree of risk exposure as compared to the level of expert judgments than those from traditional methods. Finally, we provide an integrated procedure for international project risk management with all of the research achievements being incorporated.

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STOCHASTIC CASHFLOW MODELING INTEGRATED WITH SIMULATION BASED SCHEDULING

  • Dong-Eun Lee;David Arditi;Chang-Baek Son
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.395-398
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    • 2011
  • This paper introduces stochastic cash-flow modeling integrated with simulation based scheduling. The system makes use of CPM schedule data exported from commercial scheduling software, computes the best fit probability distribution functions (PDFs) of historical activity durations, assigns the PDFs identified to respective activities, simulates the schedule network, computes the deterministic and stochastic project cash-flows, plots the corresponding cash flow diagrams, and estimates the best fit PDFs of overdraft and net profit of a project. It analyzes the effect of different distributions of activity durations on the distribution of overdrafts and net profits, and improves reliability compared to deterministic cash flow analysis.

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A Study on the PLM for Construction Industry (건설산업에서의 PLM 설계에 관한 연구)

  • Noh, Sang-Do;Kim, Gun-Yeon;Lee, Sang-Seok;Kim, Jong-Hwan;Jung, Seung-Ho;Lee, Kwang-Myong
    • Proceedings of the Computational Structural Engineering Institute Conference
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    • 2008.04a
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    • pp.253-258
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    • 2008
  • PLM(Product Lifecycle Management) is one of innovative manufacturing paradigms which leverages e-business technologies to allow a company's product content to be developed and integrated with all company business process through the extended enterprise. In these days, most construction companies also make an effort to enhance their systems for creating, sharing and managing information to improve business efficiency through entire lifecycle of project execution. Because of different needs, business process and diverse engineering activities such as design, structural analysis, installing simulation, documents and data managements, a new paradigm for construction companies is needed to manage and share the entire workflow, and information in total project lifecycle. In this paper, we conducted user requirement and business process analysis of the construction to design architecture of C-PLM(Construction Project Lifecycle management) and implement a prototype of C-PLM systems based on commercial PDM system.

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'Knowing' with AI in construction - An empirical insight

  • Ramalingham, Shobha;Mossman, Alan
    • International conference on construction engineering and project management
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    • 2022.06a
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    • pp.686-693
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    • 2022
  • Construction is a collaborative endeavor. The complexity in delivering construction projects successfully is impacted by the effective collaboration needs of a multitude of stakeholders throughout the project life-cycle. Technologies such as Building Information Modelling and relational project delivery approaches such as Alliancing and Integrated Project Delivery have developed to address this conundrum. However, with the onset of the pandemic, the digital economy has surged world-wide and advances in technology such as in the areas of machine learning (ML) and Artificial Intelligence (AI) have grown deep roots across specializations and domains to the point of matching its capabilities to the human mind. Several recent studies have both explored the role of AI in the construction process and highlighted its benefits. In contrast, literature in the organization studies field has highlighted the fear that tasks currently done by humans will be done by AI in future. Motivated by these insights and with the understanding that construction is a labour intensive sector where knowledge is both fragmented and predominantly tacit in nature, this paper explores the integration of AI in construction processes across project phases from planning, scheduling, execution and maintenance operations using literary evidence and experiential insights. The findings show that AI can complement human skills rather than provide a substitute for them. This preliminary study is expected to be a stepping stone for further research and implementation in practice.

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Establishment of Informatization Plan for the Construction of Integrated Management System of Agricultural Water (농촌용수 통합관리체계 구축을 위한 정보화 계획 수립)

  • Choi, Hyun Seong;An, Se Hee
    • Journal of The Korean Society of Agricultural Engineers
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    • v.59 no.5
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    • pp.61-72
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    • 2017
  • The purpose of this study is to establish an integrated management system for the efficient management of rural water, to improve current problems, and to lay the foundations for active use of rural water information. We proposed a plan for informatization with a focus on establishing a database that can be used to provide customized services to users by applying advanced IT technology and to strengthen the management system of cities and counties with poor information. Data linkage and integration, user service development and integration system, application of IT technology, advanced decision support for rural water management, strengthening of city and county management system And the details of the implementation of the key project were presented.

Economic Feasibility Analysis for Introducing Integrated Management System for Supporting Underground Construction (지하구조물건설 현장지원 통합관리시스템 도입을 위한 경제적 타당성 분석)

  • Baek, Hyeon Gi;Jang, Yong Gu;Seo, Jong Won
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.30 no.5D
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    • pp.513-522
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    • 2010
  • Underground construction for traffic networks, complexes, and storage facilities has risen as an effective land use plan for dealing with emerging problems such as overcrowded urban cities and traffic jams. This paper performed an economic feasibility analysis of the development of the integrated field management system which provides field workers and managers with 3D-based location tracking and clear communication during underground construction works. To conduct the analysis, processes and problems of field management for underground construction were analyzed and deduction in accidents and field management costs and productivity improvement were estimated as expected benefits. Based on computed benefits and costs, an economic analysis was conducted using Benefit/Cost ratio(B/C), Net Present Value(NPV), and Internal Rate of Return(IRR) and then sensitivity analysis was performed to cope with the uncertainty of assumed variables.

INTEGRATED CONSTRUCTION PROJECT PLANNING USING 3D INFORMATION MODELS

  • Chang-Su Shim;Kwang-Myong Lee;Deok-Won Kim;Yoon-Bum Lee;Kyoung-Lae Park
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.928-934
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    • 2009
  • Although the evolution and deployment of information technologies will undoubtedly play an important role in the current construction industry, many engineers are still unsure of the economic value of using these technologies. Especially for the planning of a construction project, a collaboration system to utilize the whole resources is a essential tool for the successful outcome. A detailed, authoritative, and readily accessible information model is needed to enable engineers to make cost-effective decisions among established and innovative plan alternatives. Most engineers rely on limited private experiences when they create solutions or design alternatives. Initial planning is crucial for the success of the construction project. Most construction projects are done through collaboration of engineers who have different specialized knowledge. Information technologies can dramatically enhance the performance of the collaboration. For the information delivery, we need a mediator between engineers. Object-based 3-D models are useful for the communication and decision assistance for the intelligent project design. In this paper, basic guidelines for the 3-D design according to different construction processes are suggested. Adequate interoperability of 3-D objects from any CAD system is essential for the collaboration. Basic architectures of geometry models and their information layer were established to enable interoperability for design checks, estimation and simulation. A typical international project for roadway was chosen for the pilot project. 3-D GIS model was created and bridge information models were created considering several requirements for planning and decision making of the project. From the pilot test, the integrated construction project planning using 3-D information models was discussed and several guidelines were suggested.

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A study on the relationship between design and construction information for the Integrated Construction Information System (통합 건설 정보 시스템 구축을 위한 설계-공정 정보의 연계 방안에 관한 연구)

  • Yun Seok-Heon
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.107-114
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    • 2002
  • As many software tools are used for managing construction projects, integration of their data and information is gradually becoming critical. Focusing on the integration of design and scheduling data, a generic scheduling information model is designed through this research, with appropriate consideration for past research results on construction information model and also object oriented CAD technology. In order to test the practical usage of this model, a small prototype system which can derive schedule information from the design information is implemented.

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A measure for activating BIM by actual application analysis of integrated utilization process of quantity, process(4D), and construction cost(5D) in view of life-cycle

  • Lee, Jae-Hong;Kim, Tae-Young
    • Journal of the Korea Society of Computer and Information
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    • v.25 no.12
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    • pp.1-15
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    • 2020
  • In this paper, we propose a novel method for converting the existing 2D processes in the design and construction phase of civil engineering, to the future BIM-based processes. First, we compare and analyze the actual application processes of the outputs of the existing 2D method and the outputs of the 3D BIM method, for the whole process of BIM design of earthworks and road structures and integrated utilization of quantity, process(4D) and construction cost(5D), in view of life-cycle. The proposed method acquire the outputs of the design phase integrating IFC international common standard file information and CBS/OBS/WBS standard classification scheme information, and acquire the outputs of the construction stage by using an integrated utilization module for quantity, process(4D) and construction cost(5D). Ultimately, we intend to commercialize the step by step technologies for BIM design and construction in civil engineering by using the proposed method.

A Development of Integrated Risk Management Model of Large Construction Projects (건설분야 통합 리스크관리에 관한 구성 모델)

  • Kim Chang-Hak;Park Seo-Young;Kang In-Seok
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • 2004.11a
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    • pp.101-108
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    • 2004
  • The results of the study include a computerized system and a systematic Process model for risk management and analysis. This study analyzes the present status of risk management in the construction industry, and then suggests reasonable methods for improved risk management plans. This study defines risk management procedures as preparation, identification, analysis, response and management to manage potential risks In the construction project. The modules for computerizing this system consist of planning, construction, application of WBS (Work Breakdown Structure) and RBS (Risk Breakdown Structure), and risk analysis. The method logy for analyzing construction risk uses fuzzy theory, and the scope of developed system is focused to the contractors. The risk management system suggested in this study operates on the Internet, for providing contractors with a useful risk management tool by online system, with web-based menus that is helpful for practical application.

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