• Title/Summary/Keyword: large construction project

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A Study on Information Strategy Development Using Configuration Management in Large-scale Construction Project (형상관리기법을 활용한 대형 프로젝트 정보화 전략개발)

  • Won, Seo Kyung
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2018.05a
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    • pp.66-67
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    • 2018
  • Large-scale construction projects require various license and technologies for the manufacturing and handling processes. Also, the whole life cycle business process management determines the success of the project. Then, the efficiency of the business conducted by stakeholders and their possessed technology should be enhanced in order to strengthen their competitive power. For this reason, many experts pointed out to focus on the improvement of the life cycle process and efficient management. Since it is very important to keep up-to-date data and utilize it for work during the long-term project to reflect changes in the large-scale project, the most important part of the project management in project is information change management. Therefore, the objective of this study is applying configuration management(CM) technique in order to managing change data generated for planning in early phase. The result of this research will certainly assist the large-scale project managers in the development of information change management system.

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DEVELOPMENT OF INFORMATION FLOW RETRIEVAL SYSTEM FOR LARGE-SCALE AND COMPLEX CONSTRUCTION PROJECTS

  • Jinho Shin;Hyun-soo Lee;Moonseo Park;Kwonsik Song
    • International conference on construction engineering and project management
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    • 2013.01a
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    • pp.648-651
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    • 2013
  • The information generated in large-scale and complex construction projects are transferred continuously and transformed into project products on the long span life cycle. Therefore, information flow management is related with the success of project directly. However, certain characteristics of large-scale and complex construction projects make the solving the problem more difficultly. Although several information retrieval systems support the information management system, it is not suitable to grasp information flows. Hence, we developed an information retrieval system specialized with the information flow based on a preceding research. The system consists of a relation-based database and the process information transferring relation inference application module. The system enables project managers to manage the entire project process more efficiently and each project member to work their own task being served the information flow retrieval results.

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A Study on the composition of PFV(project financing vehicle) used in large-scale development project (대규모 개발사업에서의 PFV 구성에 관한 연구)

  • Kim, Eun-sung;Kim, Jae-jun
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2008.05a
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    • pp.159-163
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    • 2008
  • The trend of Development Projects has been changing through a few recent years. Small-scale development projects in the past were usually for building residences or officetel in a big cities. making lots of profits. These projects made not only lots of profits but also unbalance between the urban centers and the suburbs. So government made some regulations to prevent the things from being worse anymore, planned to develop the country in balance and began to lead large-scale development project such as Inno city and Newtown. At first, in this study, the phases and the characteristics of development project's change will be looked around. And then, after overview about PFV(project financing vehicle) used a lot in large-scale development projects will be seen, the better ways to use PFV in large-scale development projects are going to be proposed by considering the problems in PFV's conformation.

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EVALUATING CRITICAL SUCCESS FACTORS FOR ACCURATE FIRST COST ESTIMATES OF LARGE-SCALE CONSTRUCTION PROJECTS

  • Jin-Lee Kim;Ok-Kyue Kim
    • International conference on construction engineering and project management
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    • 2009.05a
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    • pp.354-360
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    • 2009
  • The demands for large-scale construction projects such as Mega-projects are largely increasing due to the rapid growth of increasing populations as well as the need to replace existing buildings and infrastructure. Increasing costs of materials, supplies, and labors require the first cost estimates at the preliminary planning stage to be as accurate as possible. This paper presents the results obtained from the survey on evaluating nine critical success factors that influence the accurate first cost estimates for large-scale projects from practical experiences. It then examines the current cost structures of construction companies for large-scale projects, followed by the causes for cost and schedule overrun. Twenty completed surveys were collected and the Analytic Hierarchy Process was applied to analyze the data. The results indicate that technology issues, the contract type, and social and environmental impacts are the significant leading factors for accurate first cost estimates of large-scale construction projects.

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Comparative Analysis on Unit Price based on Historical Cost Data Estimating for Large and Small-scale Civil Engineering Works (대·소규모 토목공사의 실적공사비 비교 분석)

  • Hong, Sung Ho;Shin, Juyeoul;Kim, Chang Hak;Lee, Dong Wook
    • KSCE Journal of Civil and Environmental Engineering Research
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    • v.33 no.4
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    • pp.1707-1718
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    • 2013
  • Historical cost data estimating system has been introduced since 2004 in the construction industry. Based on contract prices of past projects, this estimating system estimates construction cost according to work types. The Korea Institute of Construction Technology (KICT) announces the historical cost data twice a year annually. The unit price of a small construction project is higher than large construction project due to the increase on production cost per work unit, equipment and labor cost, etc. However, the historical cost data estimating system is applied to project estimation uniformly regardless the construction project's size. This study compared and analyzed the historical cost data of large and small construction project to indicate the problem of historical cost date estimating system. The study derived that the unit price of a small construction project is 21.8% higher than that of large construction project.

A Study on the Feasibility Analysis of Large Scale Research Project (대규모 연구 프로젝트 타당성 분석에 관한 연구)

  • Lee, Hong-Cheol;Hwang, In-Ju;Kim, Tae-Hyung
    • Proceedings of the SAREK Conference
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    • 2008.11a
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    • pp.334-339
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    • 2008
  • Nowadays national research and development fund is continuously increased. And the evaluation on the feasibility of R&D budget investment was carried out. Through this study it was possible that a business feasibility evaluation of large scale research project. Also the benefit of research project about large scale plant(A plant) is $2.67{\sim}3.76$ times of research funds, and the R&D fund pay-back period is $6{\sim}8$ years. And also there is employment effect as $1,200{\sim}2,200$ every year, and $22,000{\sim}35,000$ within 20 years after research project.

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A Strategy of Construction through Rationally Adapting JV(Joint Venture) in Large Public Constructions (대형공공공사에 J/V(Joint Venture)시스템의 합리적 도입을 통한 건설사업 효율화 전략)

  • 이태식;김용천;박동찬;선우강;김열규
    • Proceedings of the KSR Conference
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    • 2001.05a
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    • pp.24-29
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    • 2001
  • Despite of the introduction some sorts of the contract and the bid method like CM(Construction management) that will be efficient to manage the construction project. Korean agencies limit to control project management to do large public constructions. In the case of Taiwan, THSRC is apply J/V system in the public construction project, they are accomplishing that expend optimal the cost and save the construction time. To success J/V it has two factors, one is risk management and another is sharing information of construction project. Therefore, we will study to introduce J/V system to our construction project.

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Development of International Project Risk Index (IPRI)

  • Yoo, Wi Sung;Kim, Woo-young
    • International conference on construction engineering and project management
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    • 2015.10a
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    • pp.49-50
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    • 2015
  • Since the mid-2000s, Korean large-sized construction companies have pursued in earnest to expand their business to global construction market in surroundings that domestic market have a continuous and long-term stagnation. However, during last a few years, they have experienced the serious financial loss from international projects. In the meantime, for the sound improvement of Korean construction industry, many stakeholders long for efficient early warning signals to generally monitor and track the potential risks of international projects. In this study, we introduce an International Project Risk Index (IPRI), which is derived from massive data provided by large-sized companies, and expect to provide the practitioners and decision makers as an aid to proactively cope with the change of the potential risks. The outcomes from the IPRI can be utilized to prepare a timely management strategy and to establish an appropriate government support regulation.

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RISK MANAGEMENT IN CIVIL CONSTRUCTION PROJECTS - FROM COST ESTIMATING PERSPECTIVE

  • Ashley Jaensch;Jian Zuo;Nicholas Chileshe
    • International conference on construction engineering and project management
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    • 2011.02a
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    • pp.162-167
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    • 2011
  • Construction projects are full of risks. This is particularly the case in civil construction projects that are often featured with large scale, complexity and involving a large number of participating parties. The eventuation of risks typically results in extended project durations leading to an increase in the total project budget. The consequence can be amplified considering the significant impacts of civil construction projects on the society, from economical, environmental and social perspectives. This research investigates the significance of risks within civil construction projects and approaches to deal with risks. Semi-structured interviews were undertaken with local industry practitioners in South Australia on this matter. It is found that the industry is fairly aware of risks associated with civil construction projects and subsequently has procedures in place to attempt to minimize the impacts of these risks on the project outcomes. The interview results also indicate that there is limited utilization of software for the risk management purpose from the cost estimation perspective.

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A Study on the Cost Hierarchical System of Nuclaer Power Plant Construction Project for Introcusting Earned Vaule Management System (성과관리시스템(EVMS) 도입을 위한 원전 건설사업비 관리체계 세분화 방안에 관한 연구)

  • Lee, Sang-Hyun;Kim, Woo-Joong
    • Proceedings of the Korean Institute of Building Construction Conference
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    • 2019.05a
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    • pp.230-231
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    • 2019
  • The nuclear power plant construction project is large-scale, has various stakeholders and computer system, and is produced and managed a large amount of information. The domestic nuclear power plant construction project has accumulated data based on many years of experience in the system. It has the competitiveness to suggeest alternatives that meet the requirement of the client in the overseas nuclear power plant project. Earned value management, which integrates schedule and cost, is possible to risk management. It was developed the earned value management system considering the the actual data properties and types of the preceding nuclear power plant construction projects. It will be able to increase the nuclaer power plant export competieiveness. Therefore, it was palned to carry out future stuies so that it be able to complement the measure to integrate cost and schedule in consideration of actual data(quantity of activity, etc.).

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