• Title/Summary/Keyword: project evaluation

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A Study on Model for Evaluating ERP Project from Customer and Consulting Firm Perspectives using AHP (AHP를 활용한 고객사와 컨설팅사의 ERP 프로젝트 평가모형 연구)

  • Jeong, Hee-Yeon;Lee, Jonh Hearn
    • Information Systems Review
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    • v.8 no.1
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    • pp.241-263
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    • 2006
  • Since 1995 many enterprises have introduced ERP to strengthen competitive power. However, enterprises that have introduced ERP for the first time have experienced various types of problems integrating them; to this day, there are only a few enterprises that have implemented ERP successfully. The main reason for the failures of successful ERP implementing is that enterprises frequently ignore and/or don't know how to systematically evaluate the construction process of ERP and busy finishing a phase without resolving problems before going on to the next phase. This research focused on the implementation process of ERP project to evaluate the process of ERP at each phase. As a result, we propose an evaluation model of ERP project as a tool to find critical problems at each phase and improve on how to resolve the problems found at each phase. This evaluation model makes it possible to introduce ERP successfully by presenting the basis of assessment which will be used by enterprises to minimize the trial and error of construction process of ERP.

A Validation on Estimate at Completion Evaluation Methods of EVMS (EVMS에서 최종예상공사비(EAC) 평가방법에 관한 검증)

  • Park Eun-Jin;Kim Soo-Yong;Hwang Hyo-Soo
    • Proceedings of the Korean Institute Of Construction Engineering and Management
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    • autumn
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    • pp.405-410
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    • 2002
  • Earned Value Management System(EVMS) has been institutionalized as an advanced management technique of construction project lately. And its research has been in the active progress in order to utilize the earned value concept as a project management tool for construction project ordered by both government and private sector. However it is necessary to test and prove the EVMS's adaptability to our construction environment by EVMS's several of operations before its introduction. Project forecasting phase of EVMS is the Estimate at Completion by utilizing earned value data. So, the purpose of this study is to propose EAC evaluation method for evaluation the accuracy of the EAC and encouraging cost realism, and to test for proving the validity of the evaluation methods through hypothesis testing.

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Empirical Analysis of DEA models Validity for R&D Project Performance Evaluation : Focusing on Rank Correlation with Normalization Index (R&D 프로젝트 성과평가를 위한 DEA모형의 타당성 실증분석 : 정규화지표와의 순위상관을 중심으로)

  • Park, Sung-Min
    • IE interfaces
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    • v.24 no.4
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    • pp.314-322
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    • 2011
  • This study analyzes a relationship between Data Envelopment Analysis(DEA) efficiency scores and a normalization index in order to examine the validity of DEA models. A normalization index concerned in this study is 'sales per R&D project fund' which is regarded as a crucial R&D project performance evaluation index in practice. For this correlation analysis, three distinct DEA models are selected such as DEA basic model, DEA/AR-I revised model(i.e. DEA basic model with Acceptance Region Type I constraints) and Super-Efficiency(SE) model. Especially, SE model is adopted where efficient R&D projects(i.e. Decision Making Units, DMU's) with DEA efficiency score of unity from DEA basic model can be further differentiated in ranks. Considering the non-normality and outliers, two rank correlation coefficients such as Spearman's ${\rho}_s$ and Kendall's ${\tau}_B$ are investigated in addition to Pearson's ${\gamma}$. With an up-to-date empirical massive dataset of n = 482 R&D projects associated with R&D Loan Program of Korea Information Communication Promotion Fund in the year of 2011, statistically significant (+) correlations are verified between the normalization index and every model's DEA efficiency scores with all three correlation coefficients. Especially, the congruence verified in this empirical analysis can be a useful reference for enhancing the practitioner's acceptability onto DEA efficiency scores as a real-world R&D project performance evaluation index.

U.S. Architectural Engineering Service Procurement System for Public Construction Project and Its Implication (미국 공공건설사업에서의 건설기술용역 조달시스템 고찰 및 시사점)

  • Chang, Chul-Ki
    • The Journal of the Korea Contents Association
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    • v.20 no.2
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    • pp.215-225
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    • 2020
  • In selecting a company of A-E service provider for a public construction project, public owners make widely use the evaluation method based on the quantitative criteria to emphasize transparency and fairness instead of putting more weighting on bidders' technical capability. The selection method and process to select technically better company has been in discussion to motivate company to build up their technical capability and better quality of service. This paper examined US laws and regulations related to evaluating and selecting an A-E company for public construction project in terms of principles, process, selection committee, evaluation methods, and contract management and so on. Then deduced several implications for domestic public owner to select the most adequate company for a certain architectural service through fair and efficient way. The major findings are technical capability based selection, emphasizing owner's role and responsibility, consideration of small and mid-sized company, debriefing, and post-service evaluation.

An Evaluation Study for APEC International Cooperation Projects : Focusing on the Perception of Participants (APEC 국제교육협력사업에 대한 성과평가 연구: 국제교육활동 참여자들의 인식을 중심으로)

  • Jang, Deok-Ho;Cha, Jungchan;Lee, Jeong-youn;Paik, Sunhee
    • Journal of Digital Convergence
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    • v.17 no.11
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    • pp.9-19
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    • 2019
  • This study conducted the international evaluation of the APEC educational cooperation projects initiated by the Korean government and drew out strategies and tasks for their sustainable implementation. To this end, eight projects implemented by the Institute of APEC Collaborative Education were selected for the evaluation which examined participants' awareness of and the degree of participation in the eight projects as well as contribution to the intended outcomes of the projects. An online survey was conducted to participants of the eight projects and 283 experts and participants from 18 economies responded. The descriptive analysis found that the participants of ALCoB Cooperation Project reported the most positive perception of the awareness while the participants of the ALCoB Internet Volunteers showed the lowest degree of participation in and contribution to the intended outcomes of the project. Based on the results, several suggestions for further progress in Korea's APEC educational cooperation were made.

Project Schedule Risk Assessment Based on Bayesian Nets (베이지안넷 기반의 프로젝트 일정리스크 평가)

  • Sung, Hongsuk;Park, Chulsoon
    • Journal of Korean Society of Industrial and Systems Engineering
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    • v.39 no.1
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    • pp.9-16
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    • 2016
  • The project schedule risk in the engineering and facility construction industry is increasingly considered as important management factor because the risks in terms of schedule or deadline may significantly affect the project cost. Especially, the project-based operating companies attempt to find the best estimate of the project completion time for use at their proposals, and therefore, usually have much interest in accurate estimation of the duration of the projects. In general, the management of projects schedule risk is achieved by modeling project schedule with PERT/CPM techniques, and then performing risk assessment with simulation such as Monte-Carlo simulation method. However, since these approaches require the accumulated executional data, which are not usually available in project-based operating company, and, further, they cannot reflect various schedule constraints, which usually are met during the project execution, the project managers have difficulty in preparing for the project risks in advance of their occurrence in the project execution. As these constraints may affect time and cost which role as the crucial evaluation factors to the quality of the project result, they must be identified and described in advance of their occurrence in the project management. This paper proposes a Bayesian Net based methodology for estimating project schedule risk by identifying and enforcing the project risks and its response plan which may occur in storage tank engineering and construction project environment. First, we translated the schedule network with the project risks and its response plan into Bayesian Net. Second, we analyzed the integrated Bayesian Net and suggested an estimate of project schedule risk with simulation approach. Finally, we applied our approach to a storage tank construction project to validate its feasibility.

Challenges to Prevent in Practice for Effective Cost and Time Control of Construction Projects

  • Olawale, Yakubu A.
    • Journal of Construction Engineering and Project Management
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    • v.10 no.1
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    • pp.16-32
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    • 2020
  • Cost and time control of projects is important in preventing project failure. However, achieving effective cost and time control in practice is often challenging. The challenges of project cost and time control in practice are investigated by carrying out a questionnaire survey on the top 150 construction contractors in the UK followed by in-depth semi-structured interviews of practitioners from 15 construction companies in the country. Quantitative analysis reveals that design change is the most important factor inhibiting the ability of UK contractors from effectively controlling both the cost and time of construction projects. Four of the top five factors inhibiting effective cost control are also the top factors inhibiting effective time control albeit in a different order. These top factors-design changes, inaccurate evaluation of project time/duration, risk and uncertainty, non-performance of subcontractors and nominated suppliers were also found to be endogenous factors to the project. Additionally, qualitative analysis of the interviews reveals 16 key challenges to prevent for effective project cost and time control in practice. These are classified into four categorised based on where they stem from as follows; from the organisation (1. Lack of integration of cost and time during project control, 2. lack of management buy-in, 3. complicated project control systems and processes, 4. lack of a project control training regime); from the construction management/project management approach (5. Lapses in integration of interfaces, 6. project control not being implemented from the early stages of a project, 7. inefficient utilisation and control of labour, 8. limited time devoted to planning how a project will be controlled at the outset); from the client; (9. Excessive authorisation gates, 10. use of adversarial and non-collaborative forms of contracts, 11. communication problems within client set-up, 12. obstructive client representatives) and; from the project team (13. Lack of detailed/complete design, 14. lack of trust among the project partners, 15. limited time devoted to project control on site, 16. non-factual reporting). The study posits that knowledge of these project control inhibiting factors and challenges is the first step at ensuring they are avoided and enable the implementation of a more effective project cost and time control process in practice.

Exploring the Effect of Beneficiary Engagement on International Development Projects' Performance: a Project Life Cycle Perspective

  • Anintya HAPSARI;Ying-Yi CHIH
    • International conference on construction engineering and project management
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    • 2024.07a
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    • pp.855-862
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    • 2024
  • Many international development (ID) projects have continued to fail to deliver their intended socio-economic benefits to the beneficiary (i.e., a group of primary recipients of these benefits). In this research, drawing from project stakeholder and benefit management literature, we investigated how ID project performance is perceived by beneficiary, how beneficiary is engaged, and how such engagement contributes to ID project performance. The results from thirteen semi-structured interviews with those leading beneficiary engagement in ID projects in Indonesia showed that, as compared with other projects, ID projects place a stronger emphasis on benefit realization when it comes to performance evaluation given their focuses on achieving socio-economic objectives. Beneficiary engagement during the entire life cycle was found to be critical to benefit realization in ID projects. Although the specific methods employed can vary, the beneficiary engagement in ID projects usually take a participatory and longer-term perspective, aiming to facilitate not only the benefit realization but also the sustainability of the benefits over time. This research extends prior project stakeholder and benefit management literature to a specific stakeholder group (i.e., beneficiary) in a unique context (i.e., ID projects). It also offers practical insights to assist organizations effectively plan and manage beneficiary engagement in future ID projects.

Project Portfolio Evaluation Problem-Based on the Initial Construction and Periodic Revision Under Uncertainty (프로젝트 포트폴리오 평가문제 - 불확실성 하의 최초 구성 및 주기적 개정을 중심으로)

  • Nam, Jae-Deog;Ahn, Tae-Ho;Yun, Jeong-Sun
    • Journal of the military operations research society of Korea
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    • v.34 no.3
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    • pp.107-116
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    • 2008
  • This paper deals with modelling and introducing of the project portfolio construction and evaluation problem under uncertainty. The common way in industry of managing project portfolio is construction of initial portfolio considering uncertainties which exist inside and outside of portfolio, and periodic revision of portfolio due to the deviation from plans. In this paper, we introduce algorithm which reflecting the industrial common practice of initial planning and periodic revision. With this simulation method, probabilistic distribution of portfolio's performance in consideration can be found.

Study of Producing Creative Ideas Through Thinking Disposition (Centering on Project Class in High Schools based on IT technology)

  • An, Jae-Min;Park, Dea-Woo
    • Journal of information and communication convergence engineering
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    • v.9 no.6
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    • pp.769-774
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    • 2011
  • IT technology based projects was conducted to implement education on producing creative ideas through on-line education and grasp thinking disposition of students in terms of creativity education efficiency. The differences in idea creation among students according to thinking dispositions were analyzed through qualitative evaluation and quantitative evaluation of project and its result was drawn. The purpose of this study was to help cultivate a man of ability who will make a great contribution to knowledge information society by proposing education model based on new method of teaching and learning.