Abstract: Proper budgeting and cost control are essential efforts for a successful project. The task has been conventionally supported by sophisticated project cost estimation from a production perspective. However, from a transaction cost perspective, the alliance risks with inter-organizational partners in joint venture (JV) projects should always be considered for budgeting. Aiming to assess the risks of a JV project, this paper proposes a transaction cost incorporated budgeting model with multi-criteria utility analysis. A case study is presented to demonstrate the applications of the proposed model which would help project managers to identify a proper risk contingency for practical project budgeting in construction JVs. The rationale of estimating the alliance risks with different partners is also enhanced by the proposed model.
Abstract: With the development of the industry of building safety on the strength and rehabilitation, the safety management institution is dissymmetry with the construction company in message. Under this condition, multi-attribute decision making model can solve the problem of selection.
Abstract: In this paper, risk acceptability evaluation and risk weight and improved risk level were added in original risk matrix method according to its shortcomings and practicality and need of evaluation of investment risk in international engineering project. A model based on improved risk matrix method was put forward to evaluate investment risk in international engineering project. Firstly, investment risk evaluation index system of international engineering project was established. Secondly, level of risk factors were decided by risk impact level and risk probability scope, borda ordinal value was calculated to form judgment matrix, analytic hierarchy process was introduced to calculate risk weight. Synthetic risk level was determined by product of quantized value of risk level and corresponding risk weight. Risk acceptability evaluation was decided by risk impact level and risk probability scope. Finally, a case study was presented to verify the feasibility of the model which would provide a reliable basis for the investment decision.
Abstract: Building component maintenance management is one of the most important issues in management of building lifecycle costs. Key to successful maintenance management is the ability to survey present condition and predict future condition for each component and facility present in a building. One of the methods is condition-based. This paper reflects on the condition index progress in repair system and maintenance of building facility by research in similar subjects and looks specifically at the use of condition index (CI) as a development tool. The result of research can be published as a guide to assist the development of programmers in field of economic models for optimization of repair cost of building component.
Abstract: The increasing complexity of the cladding procurement and fragmentation of the supply chain bring challenges for communication and making informed decisions. Based on the study on cladding design and procurement process, this paper identifies the flows existing in the cladding supply chain and patterns of communication between the parties involved. The results of the research provide the foundation for further innovation on effective and secure approaches to information exchange and collaborative decision making.
Abstract: Based on whole life cycle of green buildings, the project aims to build a management policy system for green buildings in the eco-city including planning, design, construction, operation, post-evaluation and general management, to promote this system in Tianjin Eco-city guided by “the principle of practicable, replicable and expandable”, and to provide related suggestions for the government to develop life cycle management policies for green buildings with the practical experience of the eco-city project.
Abstract: According to the analysis of the current problems in highway engineering cost management, this paper puts forward the idea of the whole life cycle cost management in highway engineering, and elaborates the specific contents and the control methods of engineering cost management for all stages in the construction process.
Abstract: To solve the issue of design being decoupled from construction that is common for large gymnasium and stadium projects, this paper proposes a design-oriented construction management model (DOC) for EPC packages, on the theory of dynamic alliance. It allows these projects to be constructed as designed by means of dynamic alliance so as to ensure that design is consistent with construction.
Abstract: This paper presents the setting of Henan Hangxiao division, elaborates the organizational structure of the adjusted Henan Hangxiao business processes in detail, analysis the problems and countermeasures caused by for the operation of Henan Hangxiao Division, and makes the application analysis the performance management and operation from the target application effect of two aspects of management in Henan Province Hangxiao operational management research division. Application shows that: the division management system increased operating flexibility in Henan Hangxiao ability to form a cluster effect of enterprise groups, and strengthen the crisis management capacity, increasing the number of reserve talent.
Abstract: Safety is very important aspects of construction projects which are the most hazardous endeavors have many work-related injuries and accidents. Accordingly, safety factors must be considered in project lifecycle from beginning of a project to its end. To improve project safety, the definition of safety factors and determination of their importance are necessary. In some of the previous researches several safety factors are introduced. In this paper, safety factors in construction project are reviewed and categorized as well as an exhaustive classified catalogue of critical safety factors in construction project which don't have unnecessary details is developed. The identification of the critical safety factors which are categorized in four main groups consists of safety approach, safety engineering, safety management and safety on construction site will enable appropriate allocation of limited resources.