scholarly journals Risks and safety in construction by increasing efficiency of investments

2019 ◽  
Vol 97 ◽  
pp. 06036 ◽  
Author(s):  
Victoria Borkovskaya ◽  
Elena Lyapuntsova ◽  
Maxim Nogovitsyn
Keyword(s):  
Construction Industry ◽  
Modern Society ◽  
Integrated Approach ◽  
Environmental Safety ◽  
Commercial Real Estate ◽  
Analytical Methodology ◽  
Risk Hedging ◽  
Construction Market ◽  
Efficiency And Effectiveness ◽  
Investment Process

This study focuses on enhancing the effectiveness of investment in construction given the constant threat of new risks. We investigate the types and causes of risks of firms working in the construction industry, draw conclusions about the importance of risks associated with the investment attractiveness of projects, as well as responsibility for the environmental safety. Urbanization and changes in the surrounding area are the dominant trend in the development of modern society. The constant demand of business for commercial real estate, as well as the increase in population growth demands enhanced effectiveness in the construction market, where supply in construction market depends on the economic conditions. The relevance of the research topic is due to the fact that the increasing capital flows in the construction industry pose new challenges for forecasting, statistics and risk control, and a focus on the rates of return mechanisms to hedge against the uncertainty of the future. The aim of the study is a systematic integrated approach to solving problems to improve the efficiency and effectiveness of investments and their protection using a methodological systematic approach, which considers the components of an integrated investment process. We propose a model of risk hedging management, and focus on an analytical methodology of the most relevant risks in modern construction.

scholarly journals Transformation of the educational environment to ensure sustainable development

2020 ◽  
Vol 208 ◽  
pp. 09038
Author(s):  
Varvara Altunina ◽  
Inobbat Alieva
Keyword(s):  
Sustainable Development ◽  
Modern Society ◽  
Integrated Approach ◽  
Environmental Safety ◽  
Educational Environment ◽  
National Education ◽  
World Community ◽  
Education Strategy ◽  
Public Consciousness ◽  
Domestic Practice

The relevance of the philosophy of sustainable development of modern society has imposed a certain responsibility on the education sector as one of the main factors in the transformation of public consciousness in the context of social and economic self-fulfillment as a tool for forming an integrated approach to the problems of environmental safety, social equality and economic development of the world community. The article deals with the main aspects of the necessary modernization and transformation of the educational environment in Russia to ensure sustainable development and achieve the Millennium Goals. An attempt was made to assess the implementation of the National Education Strategy for Sustainable Development, for a number of activities and their implementation in the context of modern domestic practice. As a conclusion, the need is stated to modernize the modern educational environment through the prism of rational government decisions at each level of administration.

USING PROJECT MANAGEMENT TOOLS TO IMPROVE THE EFFICIENCY OF INVESTMENT PROJECTS IN CONSTRUCTION

2021 ◽  
Vol 14 (1) ◽  
pp. 83-88
Author(s):  
Svetlana Mikhailovna SYCHEVA ◽  
◽  
Elena Yury’evna KUZMINA ◽  
Keyword(s):  
Project Management ◽  
Construction Industry ◽  
Integrated Approach ◽  
Construction Sector ◽  
Management Tools ◽  
Investment Projects ◽  
Key Characteristics ◽  
Project Costs ◽  
Team Project ◽  
Key Indicators

The article discusses the features of the implementation of investment projects in the construction industry, the main trends in project management in this area. The importance of the construction industry for the country’s economy is substantiated, the key indicators of the construction sector and its contribution to GDP are highlighted. The analysis of the development of the construction industry for the period from 2009 to 2020 is carried out. The reasons for the decrease in investment in construction are identified, among them the most important ones are highlighted. In the article discusses the key characteristics of the construction industry in our country. The conclusion is made about the need for a systematic and integrated approach to the management of investment projects. The authors propose to use the tools of project management to improve the efficiency of the implementation of investment projects. The main tools of project management (tools for defragmentation of work, tools for managing the time in the project, tools for managing resources for project implementation, tools for managing project costs) are named and examples of their use are given. The concepts of «team», «project management team», «matrix of responsibility» are considered.

Conceptual framework of value management adoption in the Nigerian construction industry

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Lekan Damilola Ojo ◽  
Deji Rufus Ogunsemi ◽  
Olusola Ogunsina
Keyword(s):  
Conceptual Framework ◽  
Construction Industry ◽  
Construction Projects ◽  
Value Management ◽  
Chi Square ◽  
Content Type ◽  
Construction Market ◽  
Innovative Management ◽  
Coefficient Of Concordance ◽  
Global Construction

Purpose The Nigerian construction industry is bedeviled with poor project performance and outcomes which value management (VM) could address if applied. The application of VM on Nigerian construction projects is very minimal due to certain obstacles, namely, lack of VM experts, paucity of knowledge on the techniques, etc., which inhibits the adoption into the construction industry. Therefore, this study aims to develop a conceptual framework of the adoption of VM on construction projects in a typical developing economy. Design/methodology/approach This study engaged 15 selected VM experts in two rounds of Delphi survey to develop a conceptual framework of VM adoption. The method of data analysis includes mean score, standard deviation, Kendall’s coefficient of concordance, chi-square (χ2) test, interrater agreement analysis and significant level analysis. The developed conceptual framework was sent to a team of local and international VM experts for validation. Findings This study reveals that the adoption of VM requires the collective effort of relevant stakeholders in the construction industry. The framework developed presents individual and collective activities to be undertaken by the stakeholders. The activities include training, legislation, government-funded research, etc. Thus, the adoption of innovative management methodology like VM requires the collaboration of academics, construction professional bodies and government parastatals. This will assist in the judicious use of limited construction resources and boost the relevance of the Nigerian construction industry among developing nations and in the global construction market. Originality/value This study used the opinions of few construction professionals that can be regarded as VM experts in Nigeria, as against engaging a pool of construction professionals who may not be knowledgeable in VM process. Engaging the few VM experts in the Nigerian construction industry is important to have a valid basis for drawing conclusion, as large questionnaire survey could be possibly filled by inexperienced or unqualified respondents if stringent criteria are not considered at the outset of this study.

Diagnosis of Current Employment in Architectural Student Responding to Korean Construction Market

2012 ◽  
Vol 450-451 ◽  
pp. 140-144
Author(s):  
Sang Chul Kim ◽  
Jae Hyun Lim ◽  
Jun Ho Park ◽  
Tae Hwa Jung
Keyword(s):  
Construction Industry ◽  
Supply And Demand ◽  
Current Status ◽  
Major Area ◽  
Construction Companies ◽  
Construction Market

Construction market in Korea has been decreased for 3 or 4 years, and it brought the problem in supply and demand of workforce. Therefore, new workforce in construction industry could not been enter, and some of them have been employed in non-major area. This research intends to analyze construction industry as well as demand and status of construction companies and to diagnose status of new workforce for architectural works, and a survey is conducted for enrolled students and graduates to diagnose problems of current status in order to suggest the alternatives in Korea.

scholarly journals The Housing Market Value Chain: An Integrated Approach for Mitigating Risk in Informal Residential Construction in Haiti

2020 ◽  
Vol 12 (19) ◽  
pp. 8006
Author(s):  
Christianos Burlotos ◽  
Tracy L. Kijewski-Correa ◽  
Alexandros A. Taflanidis
Keyword(s):  
Housing Market ◽  
Construction Industry ◽  
Value Chain ◽  
Market Value ◽  
Integrated Approach ◽  
Residential Construction ◽  
Implementation Framework ◽  
Middle Income ◽  
Economic Constraints ◽  
Market Value Chain

Access to dignified housing represents a critical challenge for many low- and middle-income countries (LMICs). Technical and economic constraints frequently lead homeowners in these countries toward incrementally-constructed homes, which are often proven deadly when exposed to seismic or meteorological hazards. This paper offers a holistic analysis of the informal residential construction industry contextualized in Léogâne, Haiti, the effective epicenter of the 2010 Haiti earthquake, and offers an implementation framework geared towards integrating the housing delivery process to accommodate more resilient typologies. First, the concept of the housing ecosystem is introduced, and a thorough analysis of the technical, economic, and political factors that constrain this ecosystem in Haiti is presented. The defining elements of the resulting residential construction industry are then discussed: An informal blend of Design-Build and Master Builder methods of project delivery for incrementally-constructed (and largely masonry) permanent homes. The housing ecosystem is then redefined as a seven-step housing market value chain, and interventions to further strengthen and integrate this value chain are presented for each of the seven steps. Interventions are grounded in analogous contexts and refactored specifically for the Haitian case study scenario through extensive co-creation with stakeholders in Haiti. Particular focus is given to the Léogâne Community Building Fund, a concept designed to democratize housing finance for low to middle-income groups. When implemented in an integrated fashion, risks across this housing market value chain are effectively mitigated to sustainably deliver dignified housing through a market-based approach suitable for Haiti and extensible to other LMICs.

scholarly journals Improving the level of environmental safety in the process of the ecoenergoefficient reconstruction of the housing stock in Kiev.

2017 ◽  
Vol 1 (2) ◽  
pp. 19-29 ◽  
Author(s):  
Tetiana Kryvomaz ◽  
Dmytro Varavin
Keyword(s):  
Energy Efficiency ◽  
Construction Industry ◽  
Energy Efficient ◽  
Negative Impact ◽  
Housing Stock ◽  
Environmental Safety ◽  
Energy Costs ◽  
Reconstruction Process ◽  
Process Compliance ◽  
Housing Reconstruction

As a result of research into the state of the housing stock in Kiev and the prospects for its reconstruction, the main levels of implementation of eco-energy-efficient measures have been identified, taking into account the increasing cost / effectiveness ratio, which will include problem assessment, optimizing energy costs, eco-energy efficient housing reconstruction, application of innovative technologies. Based on the national and international experience of reconstruction and overhaul, the 6E concept is proposed, which focuses on energy efficiency, environmental safety, economy, ecology, ergonomics and aesthetics of the reconstruction process. Compliance with the basic requirements of eco-energy efficiency in the process of housing reconstruction will ensure the comfort of residents and will improve the level of environmental safety of our country. Introduction of the principles of energy efficiency in the process of reconstruction of housing stock is an integral part of Ukraine's environmental and national security, as it ensures a reduction in the negative impact on the environment and people, and also significantly reduces the waste of the construction industry.

scholarly journals Competency Gaps of Employees in the Construction Sector in Terms of the Requirements of a Low-Carbon Economy. Polish and Czech Case

Energies ◽  
2021 ◽  
Vol 14 (23) ◽  
pp. 7868
Author(s):  
Honorata Howaniec ◽  
Łukasz Krzysztof Wróblewski ◽  
Hana Štverková
Keyword(s):  
Greenhouse Gas ◽  
Construction Industry ◽  
Greenhouse Gas Emission ◽  
Negative Impact ◽  
Modern Society ◽  
Construction Sector ◽  
Low Carbon ◽  
Low Carbon Economy ◽  
Low Emission ◽  
Carbon Economy

Environmental policy obliges modern society to transition to a low-carbon economy. After entering to life, the Paris Agreement obligated the signatories to prepare the first nationally determined contributions (NDCs). The NDCs aim first to reduce greenhouse gas emission targets under the UNFCCC and they apply equally to both developed and developing countries. Countries voluntarily indicate what actions will be taken to achieve the declared goals. The construction sector is an industry that is under scrutiny due to its negative impact on the environment, but it also has the potential to reduce it. Activities that can reduce greenhouse gas emissions can be carried out at various levels in the construction industry. One of them is the appropriate preparation of the staff, including equipping them with the so-called green skills. This research aimed to determine the competency gaps of people employed in the construction industry, including competencies in the field of low-emission economy. For the purposes of the study, a questionnaire survey was carried out in Poland and the Czech Republic and based on the results obtained the appropriate competencies were determined that should be possessed by people employed in the construction sector, including competencies related to a low-emission economy. Competency profiles for people employed in the construction sector were built and competency gaps of these people were determined. In both countries, no competencies have been identified in any of checked areas that meet or exceed the requirements of managers according to specific competency profiles.

scholarly journals Optimal Design and Practice of the Construction Scheme for Laying the Whole Track Bed on the Subway Ballastless Track

2020 ◽  
Vol 165 ◽  
pp. 04003
Author(s):  
Chen Hui ◽  
Qi zhenfang
Keyword(s):  
Construction Industry ◽  
Modern Society ◽  
Rail Transit ◽  
Construction Technology ◽  
Ballastless Track ◽  
Construction Scheme ◽  
New Construction ◽  
Design And Practice ◽  
Stable Development ◽  
Modern Building

In the development of modern society, our country attaches more importance to the development of the construction industry, and strengthens the supervision, so that the construction industry can be developed to the mode of industrialization. That combining with the construction needs of prefabricated concrete assembly in our country and taking comprehensive analysis of various factors and application, can enhance the structural stability and safety of prefabricated concrete assembly, thus can meet the needs of the modern building industrialization development, and improve the overall quality and efficiency. In the development of subway transportation field, laying the whole track bed of Ballastless track is an important core work, which is the new construction of rail transit. This paper made perfect management system, carried out all kinds of work, improved the construction technology of the whole track bed and perfected the construction plan, with the result of prolonging the service life of the subway ballastless track and promoting the stable development of modern society in our country.

Roadmapping BIM Implementation Processes Using IDEF0 Diagrams

2018 ◽  
Vol 7 (1) ◽  
pp. 49-63 ◽  
Author(s):  
Mohamed Marzouk ◽  
Nada Elmansy
Keyword(s):  
Construction Industry ◽  
Functional Modeling ◽  
Implementation Plan ◽  
Modeling Tool ◽  
Implementation Processes ◽  
Construction Market ◽  
Implementation Planning

This article presents a framework for the implementation of BIM in organizations on a strategic level in Egypt. Earlier analysis of the Egyptian construction market was carried to measure the BIM maturity of organizations. The assessment was required to study where the Egyptian market stands when it comes to BIM knowledge. This was done as a prior step to create an implementation plan. After aligning BIM goals with the current BIM status, recommendations are highlighted in order to create a roadmap for BIM implementation in organizations. A modeling tool was selected to represent the created roadmap. The modeling tool was selected in order to facilitate the implementation of the roadmap in the Egyptian construction industry. The model is created using Integrated Definition (IDEF0) diagrams as a functional modeling tool. The model is made accessible for industry practitioners to use it as a prior step for BIM implementation planning.

Asset management policies and guidelines of different states in Australia

2014 ◽  
Vol 12 (3) ◽  
pp. 286-302 ◽  
Author(s):  
Muhammad Nateque Mahmood ◽  
Subas Prasad Dhakal ◽  
Kerry Brown ◽  
Robyn Keast ◽  
Anna Wiewiora
Keyword(s):  
Asset Management ◽  
New South ◽  
New South Wales ◽  
South Australia ◽  
Integrated Approach ◽  
Mapping Technique ◽  
Analytical Methodology ◽  
Content Type ◽  
South Wales ◽  
Management Policies

Purpose – The purpose of this paper is to explore and compare the asset management policies and practices of six Australian states – New South Wales, Victoria, Queensland, South Australia, Western Australia and Tasmania – to improve understanding of the policy context to best shape policy focus and guidelines. Australian state-wide asset management policies and guidelines are an emergent policy domain, generating a substantial body of knowledge. However, these documents are spread across the layers of government and are therefore largely fragmented and lack coherency. Design/methodology/approach – The comparative study is based on the thematic mapping technique using the Leximancer software. Findings – Asset management policies and guidelines of New South Wales and Victoria have more interconnected themes as compared to other states in Australia. Moreover, based on the findings, New South Wales has covered most of the key concepts in relation to asset management; the remaining five states are yet to develop a comprehensive and integrated approach to asset management policies and guidelines. Research limitations/implications – This review and its findings have provided a number of directions on which government policies can now be better constructed and assessed. In doing so, the paper contributes to a coherent way forward to satisfy national emergent and ongoing asset management challenges. This paper outlines a rigorous analytical methodology to inform specific policy changes. Originality/value – This paper provides a basis for further research focused on analyzing the context and processes of asset management guidelines and policies.

Sign in / Sign up

Export Citation Format

Share Document