Effects of CM/GC Project Delivery on Managing Process Risk in Transportation Construction

2016 ◽  
Vol 142 (3) ◽  
pp. 04015091 ◽  
Author(s):  
Clifton B. Farnsworth ◽  
Rebecca O. Warr ◽  
Justin E. Weidman ◽  
D. Mark Hutchings
Author(s):  
Daniel D'Angelo ◽  
R Edward Minchin

Project bundling is a process through which a single contract is awarded for the continued development of multiple bridges or roadways, i.e., their preservation, rehabilitation, or replacement. One question that past studies on project bundling have not answered is that of how to quantify its benefits on engineering projects. This paper shows the extent to which project bundling enables optimal use of resources and promotes quicker project completion. It also explains how project bundling effectively leverages these efficiencies by simplifying project delivery and exploiting alternative and traditional contracting approaches. Indeed, because the process of bundling individual projects into larger “umbrella” contracts simplifies design, contracting, and construction, it enables organizations to leverage economies of scale for significantly increased efficiency. This process also encourages more partnering during project delivery, execution, and project completion. In addition to discussing the efficiency of bundling, this paper also identifies implementation strategies and scenarios for project bundling that can be applied by counties, municipalities, districts, or states. These implementation practices can also be layered to allow any combination of project types, beyond the combinations most common to current bundling contracts. Ultimately, this research shows that overall contract cost can be significantly reduced through carefully designed strategic project bundling.


This study investigated the use of e-Procurement in selected construction firms in Oyo state, Nigeria. The data were derived using a well-structured questionnaire survey involving 104 respondents. Descriptive statistical and correlation analyses were used to analyze the data. Findings show that the use of electronic procurement in the selected construction firms for carrying out procurement function is high with majority of the professionals affirming the use of the system, the four categories of e-Procurement used were e-mail, static websites, web.2.0 technologies and portals that have capabilities of supporting the execution of functions limited to intra and inter firm communication and exchange of project information and data. Consequently, between 84 percent and 76 percent of the respondents used these e-Procurement technologies for communication of information, exchange of bill of quantities, project reports, CAD drawings and project specifications. Consequently, factors with the highest positive impacts on the use of these technologies in the firms were the speed of transactions, lower transaction cost and ease of use. The study implies that the selected construction firms in Oyo state Nigeria predominantly use e-mails and websites to support the execution of pre-award phase of construction procurement. Finding also shows that there is positive relationship between e-Procurement (e-Notifying, e-Exchange, and e-Submission of bid) and Project delivery. The study suggests that to accelerate the rate of uptake of e-Procurement and maximize its benefits in the Nigerian construction industry, there is a need to improve the quality and quantity of ICT infrastructure across the country; and to embark on aggressive enlightenment campaigns, training and skill development programs in the use of e-Procurement in the construction industry in this country.


2014 ◽  
Vol 1 (1) ◽  
pp. 35-45
Author(s):  
Fenty Simanjuntak ◽  
Bobby Suryajaya

Many banks are looking for a better core banking system to support their business growth with a more efficient and flexible core banking system to improve their sales and services in the competitive market and to fulfill regulatory requirements. The decision of replacing the legacy core banking system is difficult due to the high IT investment cost required for banks because they are also trying to cut costs. But maintaining the legacy system is costly in terms of upgrade. Changing the core banking system is also a difficult process and increases risks. To have a successful Core Banking System implementation, risk assessment is required to be performed prior to starting any activities. The assessment can help project teams to identify the risks and then to mitigate the risks as part of the plan. In this research the Core Banking System replacement risks were assessed based on ISACA Framework for IT Risk. Fourteen risk scenarios related to Core Banking System Replacement were identified. The high and medium rated inherent risks can become medium and low residual risk after assessment by putting the relevant control in place. The result proves that by adding mitigation plan it will help to mitigate the Residual Risk to become low risk. There are still three residual risk which categorized as medium risk and should be further mitigated they are Software Implementation, Project Delivery and Selection/Performance of Third Party Suppliers. It is also found that COBIT 5 has considered some specific process capabilities that can be used to improve the processes to mitigate the medium risks.


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