A Research on Knowledge Management of Construction Cost Control

2014 ◽  
Vol 584-586 ◽  
pp. 2494-2499
Author(s):  
Wen Zhou Yan ◽  
Cheng Cheng Wang
Keyword(s):  
Knowledge Management ◽  
Construction Projects ◽  
Cost Control ◽  
Construction Cost ◽  
Building Construction ◽  
Management Approach ◽  
The Matrix ◽  
Extensible Markup ◽  
New Construction ◽  
Control Knowledge

In order to raise the level of management in building construction cost, knowledge management approach is proposed in this paper. An XML (Extensible Markup Language)-based paradigm matrix is established to represent construction cost control knowledge. In the matrix, the row elements are made up of feature attributes, and construction working procedures are the components of the column. Furthermore, based on the Hamming weighted proximity, the closeness between new construction projects and target case is calculated such that the similarity is obtained, by this method the knowledge matching is achieved. These methods remedy non-standardized description of the construction cost control knowledge and inefficient retrieval of the construction cost control cases, which offers a basis for knowledge management in construction cost control.

scholarly journals Exploring the Causes of Design Changes in Building Construction Projects: An Interpretive Structural Modeling Approach

2021 ◽  
Vol 13 (17) ◽  
pp. 9578
Author(s):  
Shahab Shoar ◽  
Nicholas Chileshe
Keyword(s):  
Construction Projects ◽  
Structural Modeling ◽  
Project Managers ◽  
Building Construction ◽  
Value Engineering ◽  
Interpretive Structural Modeling ◽  
Change Orders ◽  
Construction Methods ◽  
Design Changes ◽  
New Construction

The purpose of this study is to investigate the mutual interactions between the causes of design changes using Interpretive Structural Modeling (ISM) and to classify the causes using the “Matrice d’Impacts Croisés Multiplication Appliquée à un Classement” MICMAC technique. This study further identifies and proposes strategies to mitigate design change occurrence and map them onto the identified connections between the causes. To achieve these goals, critical causes of design changes were identified through a comprehensive literature review; 23 key causes were then refined according to the opinions of relevant experts involved in the Iranian building construction sector. Stakeholders associated with each cause and the management areas from which causes arise were also considered. The factors “Unfamiliarity with new construction methods”, “Design errors”, “Value engineering”, “Scope uncertainty”, “Change orders”, and “Constructability ignored in the design phase”, which are highly influenced by other factors, emerged at the highest level of the ISM diagram, and “Clients’ attitudes and experience” as the main root cause of design changes at the bottom of the diagram. The MICMAC technique results showed that consultant-related causes significantly influence other causes, and policy and client-related causes have a feedback effect on the whole system. The findings of this study provide a better insight into how various causes of design changes are connected to one another and can ultimately assist project managers of different parties, even in other countries, to choose influential strategies to mitigate design changes in building construction projects.

scholarly journals Ameliorating time and cost control with project learning and communication management

2020 ◽  
Vol 13 (4) ◽  
pp. 767-792 ◽  
Author(s):  
Jeffrey Boon Hui Yap ◽  
Martin Skitmore
Keyword(s):  
Project Management ◽  
Construction Projects ◽  
Design Methodology ◽  
Cost Control ◽  
Building Construction ◽  
Communication Management ◽  
Two Phase ◽  
Content Type ◽  
Body Of Knowledge ◽  
Depth Interviews

PurposeLegions of projects fail to attain their time and cost objectives due to ineffective coordination. This is often due to a lack of essential learning from projects because of insufficient communication and working experience. One of the key reasons why this occurs is that managers are unaware of what knowledge needs to be retained. In contrast with knowledge management research, which mostly focuses on the systems and processes for capturing, storing, and retrieval of knowledge, this paper investigates the nature of project communication and learning and their role on project time and cost control.Design/methodology/approachA stratified proportional purposive sampling approach was adopted in choosing the interview participants for the study. They are experienced industry practitioners working on building construction projects in Malaysia. Content analysis was then performed on the interview data. The identified variables were further validated by 11 industry experts from the three primary construction stakeholders.FindingsThe results of a series of 12 in-depth interviews with industry practitioners are provided to reveal the effective communication tools for sharing and learning in a project-based environment, the learning inducing situations involved, and the use of reusable project experiences to improve project time and cost control.Research limitations/implicationsA possible limitation of the study is its focus on a small group of Malaysian practitioners delimits the generalizability of the findings.Originality/valueA two-phase model with three-step project management process of input, tools, and output is developed from the Project Management Body of Knowledge (PMBOK) Guide as an aid for more effective knowledge reuse in project time and cost control in the future.

AN APPROACH FOR SAFETY COST ESTIMATION OF BUILDING CONSTRUCTION

2015 ◽  
Vol 2 (1) ◽  
Author(s):  
Senem Bilir ◽  
G. Emre Gurcanli
Keyword(s):  
Risk Assessment ◽  
Cost Estimation ◽  
Construction Projects ◽  
Unit Area ◽  
Residential Buildings ◽  
Health And Safety ◽  
Construction Cost ◽  
Building Construction ◽  
Technical Specifications ◽  
Residential Projects

Small or middle scaled residential projects have a big share in the industry and majority of the fatal accidents usually occur on such work sites. In this study, drawings, technical specifications, bill of quantities of 25 small or middle scaled concrete residential buildings with total areas that vary between 252 and 221.979 m2 in Istanbul were examined. The study aims to give an approach for safety cost estimation for the early stages of construction bidding phase using risk assessment activities and construction project scheduling by focusing on construction activities. Additionally, a cost analysis was performed and the results were compared and Primavera P6 was utilized for scheduling, and risk assessment was conducted using the techniques applicable for construction projects (i.e., L matrix and Fine-Kinney). Finally, activity-based techniques were used for cost estimation. The results of this study reveal that the percentage of occupational health and safety (OHS) cost to the total construction cost is 2.6%. Also, to comply with the current legislation and minimize risks; 0.95 USD per man-hour should be spent according to 2013 rates and OHS cost per unit area was found as approximately 9.37 USD.

scholarly journals Financial Reporting And Tax Issues At JC Construction Corporation: An Instructional Case

2011 ◽  
Vol 4 (3) ◽  
pp. 9
Author(s):  
Jane E. Baird
Keyword(s):  
Financial Reporting ◽  
Construction Projects ◽  
Building Construction ◽  
Commercial Building ◽  
Single Family ◽  
High Demand ◽  
New Construction ◽  
Privately Held

JC Construction Corporation (JCCC) is a privately held corporation with 10 shareholders, who are all members of the Carpenter family. The company was founded by Joe Carpenter in the late 1990s. The companys projects involve mostly comparatively small commercial building construction, such as restaurants and smaller-scale stores. JCCC specializes in renovation and restoration projects rather than new construction, but does occasionally take on some new construction projects. The company does not build or renovate single family homes. JCCC is located in Minnesota, near the Minneapolis/St. Paul area where remodeling contractors are in high demand.

A Preliminary Survey of Factors Influencing Project Cost Estimating Practice in the Klang Valley of Malaysia

2013 ◽  
Vol 470 ◽  
pp. 915-920
Author(s):  
Tien Choon Toh ◽  
Cheng Sim Lim ◽  
Connie Ting ◽  
Kherun Nita Ali ◽  
Godwin Uche Aliagha ◽  
...  
Keyword(s):  
Construction Projects ◽  
Simple Random Sampling ◽  
Construction Cost ◽  
Building Construction ◽  
Preliminary Survey ◽  
Cost Estimating ◽  
Project Cost ◽  
Factors Influencing ◽  
Klang Valley ◽  
Cost Factors

The objective of the survey which was conducted in the Klang Valley of Malaysia was to prioritise factors that are considered by building contractors in estimating the construction cost of buildings. Respondents selected by simple random sampling have been asked to assign a one-to-five rating for each of the total of 79 cost factors identified from the literature review. The result of the preliminary survey of factors influencing project cost estimating practice of building contractors has indicated that only 35 cost factors have been regarded by the respondents from small, medium and large building construction companies as highly relevant for building construction projects. ‘Client requirements on quality’ was found to be the most significant cost factor influencing the construction cost of buildings.

Analysis of Cost Control Techniques Used on Building Construction Projects in Sri Lanka

2018 ◽  
Author(s):  
N. H. K. Cooray ◽  
H. M. D. N. Somathilake ◽  
Mihiri Wickramasinghe ◽  
T. D. S. H. Dissanayke ◽  
D. M. M. I. Dissanayake
Keyword(s):  
Sri Lanka ◽  
Construction Projects ◽  
Cost Control ◽  
Building Construction ◽  
Control Techniques

BIM Technologies In Building Construction Projects Management In Russia

2019 ◽  
pp. 48-59
Keyword(s):  
Project Management ◽  
Economic Efficiency ◽  
Technology Implementation ◽  
Management System ◽  
Construction Projects ◽  
Technology Development ◽  
Integrated Management ◽  
Building Construction ◽  
Information Modeling ◽  
Project Management System

The international experience of integrating building information modeling (BIM) into project management system with innovation implementation accent has been revealed in this article. The events carried out on federal and regional levels concerning the President of Russia directive on building construction industry modernization and construction objects transferring to life cycle management by means of BIM were analyzed. The large company experience of implementing BIM was summarized with describing some examples in different cities and regions of our country and thus the main directions of this technology development were determined. The key points of BIM and project management system pairing and impacting an innovation choice witch determine the project economic efficiency in the integrated management system were shown. The main reports of "Building construction projects technology and management: new practices and prospects" conference by Moscow Trade and Commerce Chamber were reviewed in this direction and problems of the new investment and construction project management technology implementation were shown. The ways to solve these problems were disclosed by work examples of PAO "Sberbank", and successfully working in our country firms Bilfinger Tebodin - BIM design and Beiten Burkhard -jurisdiction support. Some economic efficiency questions of BIM implementation were disclosed in the report delivered by The Plekhanov University of Economics (project and program management base department of Capital Group). Management system suggestions, regarding BIM implementation in Moscow construction were given.

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