scholarly journals Extended Reality in Quantity Surveying

2021 ◽  
Vol 3 (1) ◽  
Author(s):  
VPS Nihar Nanyam ◽  
Tarun Kumar Makkena
Keyword(s):  
Matrix Multiplication ◽  
Successful Implementation ◽  
Literature Study ◽  
Safety Hazards ◽  
Cost Overruns ◽  
Cost Planning ◽  
Quantity Surveying ◽  
The Cost ◽  
Cost Plan ◽  
Industry Professionals

Purpose – It is possible for cost professionals to prepare an informed and compendious cost plan by identifying all the factors that cause cost overruns, variations, safety hazards and others without having a significant prior experience. The implementation of Extended Reality can address this phenomenon.  The paper aims to introduce the concept of Extended Reality in the field of quantity surveying by exploring its untapped potential and also looks to identify critical barriers in implementing this technology.Methodology/approach –A detailed review of literature study produced eight critical factors acting as barriers in successful implementation. With the suggestions from the industry professionals, the inter-relationship among these factors were established and prioritised using Interpretative Structural Modelling (ISM) tool. Further, these factors were categorised using MICMAC (Cross-Impact Matrix Multiplication Applied to Classification) analysis.Findings – This study identifies, Lack of expertise and Lack of suitable software as the key driving factors in successful implementation and all the remaining factors are directly or indirectly influenced by them.Research limitations –The sample size considered in building the ISM network is limited to the Indian construction industry. The disadvantages of Extended Reality have not been covered in the study. There may be several negative repercussions to human health due to this technology.Practical implications – This study can be used by industry professionals in understanding how advance technology like this can overcome many challenges pertinent to cost planning and estimation.Originality/value – This study stands out among the few research topics which contribute to reducing the knowledge gap among the cost professionals irrespective of their experience.

scholarly journals AHP-Systems Thinking Analyses for Kaizen Costing Implementation in the Construction Industry

Buildings ◽  
2020 ◽  
Vol 10 (12) ◽  
pp. 230
Author(s):  
Temitope Omotayo ◽  
Bankole Awuzie ◽  
Temitope Egbelakin ◽  
Lovelin Obi ◽  
Mercy Ogunnusi
Keyword(s):  
Construction Industry ◽  
Systems Thinking ◽  
Cost Management ◽  
Management Strategies ◽  
Analytic Hierarchy ◽  
Cost Overruns ◽  
Construction Companies ◽  
Cost Planning ◽  
Effective Cost ◽  
The Cost

The incessant reportage of cost overruns and abandoned projects in contemporary literature have accentuated the need for a re-examination of the nature of the cost management strategies deployed to these projects. This study explores the potential of kaizen costing strategy to engender effective cost management within construction project delivery systems in developing countries. Data collected during this study were analysed using the analytic hierarchy process (AHP) and systems thinking approaches to determine the criticality of the factors influencing the effective implementation of kaizen costing. Seven (7) archetypes leading to final causal loop diagram identified the incorporation of the plan–do–check–act approach to project and cost planning, the budgeting system of the construction companies, overhead cost reduction during construction and the overall procurement process. Executing these archetypes will potentially reduce high overhead costs, project cost and time overruns, as well as enhance construction industry sector growth policies and construction organisation corporate governance.

THEORETICAL PRINCIPLES OF FORECASTING THE COST OF A SOFTWARE PRODUCT

2017 ◽  
Author(s):  
Pavlo Rodionov ◽  
◽  
Anna Ploskonos ◽  
Lesya Gavrutenko ◽  
◽  
...  
Keyword(s):  
Selection Process ◽  
Individual Characteristics ◽  
Successful Implementation ◽  
Software Products ◽  
Software Product ◽  
Continue Research ◽  
Cocomo Model ◽  
Factors Of Influence ◽  
The Individual ◽  
The Cost

The paper analyzes the factors that affect the amount of effort required to create a mobile application and its cost. It is established that the main factors of influence are the design of the application, its functionality, the type of mobile platform, the availability and level of testing and support, as well as the individual characteristics of the developer. Based on the analysis of information sources, the main methods and approaches to forecasting the cost of software products are identified, which include the COCOMO model, Price-to-win method, expert evaluation, algorithmic methods and the method of analogies. It is proposed to consider the method of analogies as a tool that allows you to make predictions about the cost of resources required for the successful implementation of IT projects based on the experience of similar projects. It is proved that the advantages of this method are the simplicity of its implementation and the clarity of the results obtained, which follows from the practical orientation of this tool. Among the limitations of the method of analogy is the mandatory need for reliable data relating to similar projects, as well as the difficulty of taking into account unspecified indicators. Taking into account the mentioned limitations of the method of analogies and on the basis of the analysis of scientific sources the possible directions of its optimization are determined. Thus, among the ways to improve the effectiveness of this method are those aimed at optimizing the project selection process, the data for which are used as a basis for forecasting. Attempts to improve the method of analogies by including parameters that were previously ignored by this technique seem promising. This in turn can lead to an expansion of the scope of the method of analogies and increase the accuracy of forecasts. As prospects for further research, the need to continue research in the field of optimization of the method of analogies with the subsequent practical verification of theoretical positions on the data of real projects.

IMPROVEMENT OF INNOVATIVE ACTIVITY OF THE ENTERPRISE

2017 ◽  
Author(s):  
Nataliya Stoyanets ◽  
◽  
Mathias Onuh Aboyi ◽  
Keyword(s):  
Value Chain ◽  
Net Present Value ◽  
Successful Implementation ◽  
Innovative Development ◽  
Technological Equipment ◽  
Alliance Partner ◽  
Innovation Potential ◽  
Wide Range ◽  
Technological Platform ◽  
The Cost

The article defines that for the successful implementation of an innovative project and the introduction of a new product into production it is necessary to use advanced technologies and modern software, which is an integral part of successful innovation by taking into account the life cycle of innovations. It is proposed to consider the general potential of the enterprise through its main components, namely: production and technological, scientific and technical, financial and economic, personnel and actual innovation potential. Base for the introduction of technological innovations LLC "ALLIANCE- PARTNER", which provides a wide range of support and consulting services, services in the employment market, tourism, insurance, translation and more. To form a model of innovative development of the enterprise, it is advisable to establish the following key aspects: the system of value creation through the model of cooperation with partners and suppliers; creating a value chain; technological platform; infrastructure, determine the cost of supply, the cost of activities for customers and for the enterprise as a whole. The system of factors of influence on formation of model of strategic innovative development of the enterprise is offered. The expediency of the cost of the complex of technological equipment, which is 6800.0 thousand UAH, is economically calculated. Given the fact that the company plans to receive funds under the program of socio-economic development of Sumy region, the evaluation of the effectiveness of the innovation project, the purchase of technological equipment, it is determined that the payback period of the project is 3 years 10 months. In terms of net present value (NPV), the project under study is profitable. The project profitability index (PI) meets the requirements for a positive decision on project implementation> 1.0. The internal rate of return of the project (IRR) also has a positive value of 22% because it exceeds the discount rate.

Theoretical and methodological approaches to the calculation of planned costs for maintenance of service vehicles of the road works customer

2021 ◽  
Vol 2021 (23) ◽  
pp. 20-30
Author(s):  
Taras Pechonchyk ◽  
◽  
Vitaliy Ivanchenko ◽  
Keyword(s):  
Customer Service ◽  
Planning Process ◽  
Spare Parts ◽  
Cost Estimates ◽  
The Road ◽  
Fleet Composition ◽  
Cost Planning ◽  
Methodological Approaches ◽  
The Cost ◽  
Service Vehicles

AbstractIntroduction. Effective management of road indstry is particularly important in conditions of limited funding, as it is not possible to provide adequate funding of the economic entity that has the functions of a customer service. The cost of the customer service maintenance depends directly on the compliance with applicable regulations for these works cost determination. One of the aspects that form a considerable part of the costs of customer service is the maintenance of service vehicles.Problem Statement. Road services in the regions (hereinafter RSR) are the recipients and managers of the funds from the State Budget of Ukraine that are directed for the development and maintenance of public roads of state importance, being as well the asset holders of these roads. To perform their functions, the RSR have vehicles on their balance, the use of which involves a number of costs, including fuel and lubricants, repair, maintenance, replacement of tires, etc. The most important of the steps involved in setting the costs of vehicle maintenance is the process of cost planning. Planning has to be based on the structure of the vehicle fleet (own or leased), functional responsibilities and scope of road works.Planning is carried out for vehicles on the balance of the RSR, as well as for leased vehicles. In the case of leasing, the costs mentioned above are added by the vehicles leasing costs. These costs must be forecasted, justified and performed within the approved cost estimates of the customer service expenses.Purpose. The purpose of the article is to highlight the theoretical and methodological approaches to the calculation of planned costs for the maintenance of service vehicles of the road works customer.Materials and methods. Dialectical methods of knowledge, such as analysis and synthesis of fleet composition characteristics and approaches to cost planning methods, as well as induction, were used in writing the article to explore some aspects of the process of calculating the planned cost of maintenance of the road works customer's service vehicles.Results. The study highlights and describes the main approaches to the calculation of planned costs for the maintenance of service vehicles of the road works customer. The methodology of calculation of planned costs for the maintenance of service vehicles is explored.Conclusions. The introduction of a clear methodology and analytical toolkit for calculating all necessary expenditure items for the maintenance of the road works customer's vehicles in the cost planning process will establish the implementation of a clear mechanism for calculating the planned costs of maintenance of the road works customer's vehicles. It will also provide an automated information-analytical complex for planning of cost estimates, with information entry and reporting in standard forms and possibility of prompt response to changes in fleet composition, needs for spare parts, repairs or other expenses for the maintenance of service vehicles and making changes in cost estimates.Keywords: motor vehicles, costs, cost planning, customer service, maintenance of service vehicles

The Cost Plan

2017 ◽  
pp. 149-260 ◽  
Author(s):  
Heinze Kurt
Keyword(s):  
The Cost ◽  
Cost Plan

scholarly journals Software process improvement in SMEs: A comparative view

2009 ◽  
Vol 6 (1) ◽  
pp. 111-140 ◽  
Author(s):  
Deepti Mishra ◽  
Alok Mishra
Keyword(s):  
Process Improvement ◽  
Small And Medium Enterprises ◽  
Software Process ◽  
Software Process Improvement ◽  
Successful Implementation ◽  
Software Project ◽  
Development Organizations ◽  
Medium Enterprises ◽  
The Cost ◽  
Automation Tools

The majority of software development organizations all over the world are small and medium enterprises. These organizations have realized that it is crucial for their business to improve their processes and working methods but they are lacking the knowledge and resources to do it. Successful implementation of SPI methodologies in small and medium-sized software enterprises (SMEs) is generally not possible because such organizations are not capable of investing the cost of implementing these programs. Limited resources and strict deadlines to complete the projects make it further difficult to implement SPI programs which can also affect quality issues in software project. There are various SPI methodologies to address these issues which have been also deployed in these organizations. In this paper, recent and significant SPI methodologies (OWPL, ASPE-MSC, iFLAP, PRISMS, SPM, MESOPYME) for SMEs are compared and discussed. This will facilitate the maturity of software process improvement in SMEs, standardization and also contribute in the development of automation tools for SPIs in future.

Sustainable development

2014 ◽  
Vol 32 (4) ◽  
pp. 315-330 ◽  
Author(s):  
Michelle C. Brennan ◽  
Alison J. Cotgrave
Keyword(s):  
Sustainable Development ◽  
Construction Industry ◽  
Positive Impact ◽  
Successful Implementation ◽  
Content Type ◽  
Current State ◽  
The Status ◽  
The Many ◽  
The Uk ◽  
Industry Professionals

Purpose – Despite the surge of interest in construction sustainability and the many Government initiatives encouraging reform in the UK construction industry (CI), the prevalence of sustainable development (SD) in the industry is still largely lagging behind that of other industries. Given the amount of focus and activity identified nationally in this area, the purpose of this paper is to investigate the reasons why this is not being translated into action and to seek counsel from industry professionals as to how they believe change can be achieved with a particular focus on how they believe higher education institutions (HEIs) can contribute. Design/methodology/approach – An explorative, qualitative study using three focus groups was of construction professionals. Findings – Despite a lack of action, many in industry support sustainability and actively attempt to engage in sustainable practices but a number of barriers preclude successful implementation. Government initiatives are having a positive impact, with participants believing that both Government and HEIs are imperative in driving the sustainability agenda forward. Research limitations/implications – Whilst limited in scale, this paper highlights the current state of the CI in relation to SD and evidences that progress is being made albeit slowly. The findings may help both Government and HEIs alongside industry in achieving how this can be overcome. Originality/value – Previous research in this area has generally adopted a quantitative approach. Adopting a qualitative approach provides a more in depth view as to why the status quo remains with regards to SD in the CI.

Determining Critical Factors Project Delay and Effecting Cost Overruns in Telecommunication Mobile Network Projects

2021 ◽  
Vol 6 (1) ◽  
pp. 30-35
Author(s):  
Deni Bakhtiar ◽  
Mulya R. Mashudi ◽  
Maulahikmah Galinium
Keyword(s):  
Role Model ◽  
Critical Factor ◽  
Mobile Network ◽  
Critical Factors ◽  
Monitoring Equipment ◽  
Cost Overruns ◽  
4G Lte ◽  
Cost Plan ◽  
Structured Questionnaire ◽  
Project Delay

Telecommunication Industry has created numerous employment opportunities and playing a role model in economic growth of Indonesia. This industry is facing serious and critical problem of cost overruns in Telecommunication Mobile Network Projects, especially in implementation 4G-LTE Project in Jakarta, Depok, Bogor, Tangerang, Bekasi (Jadebotabek) area. The purpose of this research is to identify and classify critical factors project delay and expound the effect of that critical factors to cost overruns. A structured questionnaire based on 38 factors project delay related to cost overruns (Ullah et al., 2017) was developed and distributed to 100 respondents from 35 selected Contractor Company in Jadebotabek area. The collected data was statistically analyzed with Factor Analysis and Multiple Linear Regression that processed using SPSS. As a result, 4 new Critical Factor Project Delay effect to Cost Overruns in sequence are Lack of cost plan and monitoring, Equipment failure, Extension of time, and Inadequate project preparations were identified.

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