Discussion on Construction Project Cost Budget Settlement Review

Construction project cost control involves many complex contents,forming a large amount of data information.If the processing method is unreasonable,it will likely affect the cost control efficiency.Therefore,in the current construction project management,the review of project cost budget settlement is the focus to solve the cost management problems of construction projects and promote the development of the construction industry.This article mainly analyzes the influencing factors and current situation of construction project cost budget settlement review,and based on this,it explores the project cost budget settlement review strategy to promote the healthy development of construction project cost work.

Financial Calculation Problems and Countermeasure Analysis of Large-Scale Engineering Construction Projects

The financial aspects of large-scale engineering construction projects profoundly influence their success.Strengthening cost control and establishing a scientific financial evaluation system can enhance the project’s economic benefits,minimize unnecessary costs,and provide decision-makers with a robust financial foundation.Additionally,implementing an effective cash flow control mechanism and conducting a comprehensive assessment of potential project risks can ensure financial stability and mitigate the risk of fund shortages.Developing a practical and feasible fundraising plan,along with stringent fund management practices,can prevent fund wastage and optimize fund utilization efficiency.These measures not only facilitate smooth project progression and improve project management efficiency but also enhance the project’s economic and social outcomes.

Design of Aided Decision-Making Program for Prioritizing Construction Projects in Urban Road Network Planning

The importance and complexity of prioritizing construction projects (PCP) in urban road network planning lead to the necessity to develop an aided decision making program (ADMP). Cost benefit ratio model and stage rolled method are chosen as the theoretical foundations of the program, and then benefit model is improved to accord with the actuality of urban traffic in China. Consequently, program flows, module functions and data structures are designed, and particularly an original data structure of road ...

Application of system dynamics for assessment of sustainable performance of construction projects

Sustainable performance is expected to become a major factor when examining the feasibility of a construction project in terms of its life cycle performance. The study on which this paper is based developed a simulation model, using system dy- namics methodology, to assess the sustainable performance of projects. Three major factors are used to examine project sus- tainable performance (PSP): the sustainability of economic development (E), the sustainability of social development (S), and the sustainability of environmental development (En). Sustainable development ability (SDA) was used as a prototype to evaluate the degree of sustainable performance. The simulation software ‘ithink’ was used to help with the application of the model to a real life case. This paper explains and demonstrates the procedures used to develop the model and finally offers an approach for assessing the feasibility of a construction project in terms of its sustainable performance.

Quantifying impacts of climate and human activities on the grassland in the Three-River Headwater Region after two phases of Ecological Project

The Three-River Headwater Region(TRHR)of China is a typical representative of the alpine environment in the Central Asian plateau and the alpine grassland in the world.Grassland degradation is one of its serious eco-logical problems.The purpose of this study is to quantify the joint impacts of climate and human activities on grassland changes in TRHR after two phases of Ecological Conservation and Construction Project(Ecological Project).Grassland vegetation coverage is selected as an indicator for analyzing grassland changes.We adopt Sen+Mann-Kendall trend analysis,residual trend analysis and correlation analysis methods to analyze the trends in spatial-temporal changes and driving factors of grassland in TRHR from 2000 to 2019.The results show that:(1)The grassland has been mainly restored,and the degraded grassland area only accounts for 1.66%of TRHR.After the implementation of the first phase of the Ecological Project,the percentage of restored grassland area has significantly increased from 8.82%to 24.57%,and slightly decreased during the second phase.(2)The establish-ment of national nature reserves and the implementation of the Ecological Project have changed the situation that“the grassland inside the reserve is worse than that outside the reserve”.(3)Grassland restoration is mainly af-fected by the joint effects of climate and human activities.Nevertheless,grassland degradation is mainly affected by human activities such as overgrazing and grassland reclamation.All of these findings can enrich our under-standing of grassland restoration in TRHR.Artificial measures have certain limitations in promoting grassland restoration.Natural restoration should be considered when human beings strengthen ecological conservation and transform their production and life styles.

Control and Management of Construction Project Cost

Project cost can control the input in construction project and improve economic benefits of construction enterprises,so it is an important section of construction engineering.Reasonable control and management of project cost is the principle that building units must obey in the whole process of project,particularly in the construction stage,so it is extremely important to control and manage the project cost.This paper first analyzed possible causes for the unreasonable cost of construction projects,and put forward pertinent strategies for the control and management of construction project cost.

Multi-level fuzzy comprehensive appraisal on social effects of projects

The application of multi-level fuzzy comprehensive appraisal on social effects of projects has been studied. The principles for setting up an index system have been analyzed and the index system has been set up according to projects of construction. Models for multi-level fuzzy comprehensive appraisal have been offered and relative calculation steps have been given according to project instances.

Research on Delay Risks of EPC Hydropower Construction Projects in Vietnam

In recent years, in Vietnam, economy has been developing rapidly. To ensure rapid and sustainable economic growth, strong support from the energy sector is required. Governments in Vietnam have invested in numerous hydropower projects, many of which employ the EPC (Engineering, Procurement and Construction) contract. However, the EPC general contractors are facing many difficulties, resulting in schedule delays and considerable losses. This research is conducted to highlight the main risk factors in the delays of hydropower construction projects in Vietnam. The research employs the method of statistical calculations and risk analysis to obtain feedback from experts participating in similar projects. The research outcomes are as follows: identifying the risks that can cause delays in EPC hydroelectric construction projects in Vietnam;calculating and classifying the degree of impact of each risk to the progress of the construction. The practical significance of this study is to ensure the timely completion of projects, benefits for the investors, and the EPC general contractors.

Application Research of Blended Teaching based on Duifene Teaching Platform:Modules on Construction Project Management

The Duifene teaching platform is a product of various teaching methods,which greatly improves the traditional teaching method.This article introduces the function and characteristics of a blended teaching platform as well as its application for histology and embryology modules.In addition,the advantages and disadvantages of blended teaching method is also discussed.The application of this teaching platform for Construction Project Management modules encourages students to be more enthusiastic and interested toward learning.This allows a more convenient and rapid teacher-student and student-student interaction thereby improving the teaching and learning experiences.

The research of breakdown structure and coding system for construction project

Whether the breakdown structure and coding system of construction projects are reasonable or not determines to a large degree the performance level of the entire project management. We analyze in detail the similarities and differences of two kinds of decomposing methods classified by type of work and construction elements based on the discussion of international typical coding standards system designing. We then deduce the differential coefficient relation between project breakdown structure (PBS) and work breakdown structure (WBS). At the same time we constitute a comprehensive construction project breakdown system including element code and type of work code and make a further schematic presentation of the implementation of the system’s functions.

Control Measures of Soil Erosion in a Typical Construction Project Area ( Dina 2 Gas Field)

To treat the relationship between project construction and ecological environment and effectively prevent new soil erosion during the construction, according to the project layout, soil erosion distribution as well as natural and socio-economic conditions, the control measures of newly increased soil erosion along the project were carried out based on site survey and analysis of relevant information. In addition, adhering to the prin- ciple of partition prevention and treatment, some guiding prevention and control measures of the natural zone passed by the project and soil erosion control district were determined, which provided scientific references and technical support for the rational layout of water and soil conservation and ecological restoration measures in Dina 2 gas field.

Multi-Criteria Decision-Making for Power Grid Construction Project Investment Ranking Based on the Prospect Theory Improved by Rewarding Good and Punishing Bad Linear Transformation

Using the improved prospect theory with the linear transformations of rewarding good and punishing bad(RGPBIT),a new investment ranking model for power grid construction projects(PGCPs)is proposed.Given the uncertainty of each index value under the market environment,fuzzy numbers are used to describe qualitative indicators and interval numbers are used to describe quantitative ones.Taking into account decision-maker’s subjective risk attitudes,a multi-criteria decision-making(MCDM)method based on improved prospect theory is proposed.First,the[−1,1]RGPBIT operator is proposed to normalize the original data,to obtain the best andworst schemes of PGCPs.Furthermore,the correlation coefficients between interval/fuzzy numbers and the best/worst schemes are defined and introduced to the prospect theory to improve its value function and loss function,and the positive and negative prospect value matrices of the project are obtained.Then,the optimization model with the maximum comprehensive prospect value is constructed,the optimal attribute weight is determined,and the PGCPs are ranked accordingly.Taking four PGCPs of the IEEERTS-79 node system as examples,an illustration of the feasibility and effectiveness of the proposed method is provided.

Study of Quality Management in Construction Projects

This research management, exp and lores preliminarily the practices of quality management, management commitment in quality quality management implementation problems in construction projects in the context of Malaysian construction industry. The research applies semi-structured interview approach with twelve project management practitioners. The findings of the study indicate that the state of quality management in construction projects in Malaysia needs to be strengthened and there are problems in relation to quality management implementation that require attention and further research. The paper provides an insight on the state of quality management in construction projects in Malaysia.

Synthetic Evaluation on Decision of Public Bidding for Construction Project

Public bidding is the international current practice to contract construction project. But the decision on the bidding often is made according to the qualitative evaluation based on the subjective opinion of specialists. Therefore, the fuzzy mathematics principle was applied and a synthetic evaluation model was established to provide an effective method for the development of quantitative bidding decision in this paper.

Remarkable Achievements in the Construction of Project 211 in the University of Petroleum

The Unibersity of Petroleum is one of the country's key universities that first conduct the which the Chinese

Emerging Challenges in the Completion of Construction Projects through Public Private Partnerships: Empirical Literature Review

The process of engaging private sector in the provision of public infrastructure can improve economic value in service delivery and enable the government to utilize the capabilities and expertise held by private sector. This has a positive impact on the public in terms of improving their well-being. This literature review attempts to compare the challenges encountered in implementation of PPP projects across the world, with a view to determining cross cutting challenges and recommendations for developing countries. A literature review was conducted for empirical studies focusing on construction projects. The studies are reviewed by analyzing the methodology used and conclusions made to identify the geographical study area, Public Private Partnership project financing model, emerging challenges and recommendation for future project management. The literature search was based on four keywords: construction projects, completion of construction projects, public private partnership, challenges in construction projects. Thus, a total of 11 empirical studies were identified for review in Europe, Asia and Africa. The review revealed that most risk factors affecting project completion can be categorized as human and organizational factors and unknown geotechnical conditions that were not known beforehand. Specifically, project owners’ interference was also attributable to delays with the delays having significant implications for project execution. Risks have great impact on the performance of construction projects because they affect their quality, time and cost. The general remedy to such potential risk factors is adoption of reliable prediction mechanisms which would estimate those factors using a probabilistic model that does not rely on expert judgments as they tend to be unreliable.

Buffer Sizing Method for Constructing Stable Schedules with Duration Constraints

The assumption of static and deterministic conditions is common in the practice of construction project planning. However, at the construction phase, projects are subject to uncertainty. This may lead to serious schedule disruptions and, as a consequence, serious revisions oft.he schedule baseline. The aim of the paper is developing a method for constructing robust project schedules with a proactive procedure. Robust project scheduling allows for constructing stable schedules with time buffers introduced to cope with multiple disruptions during project execution. The method proposed by the authors, based on Monte Carlo simulation technique and mathematical programming for buffer sizing optimization, was applied to scheduling an example project. The results were compared, in terms of schedule stability, to those of the float factor heuristic procedttre.

On the Application of IPRA Tool in Risk Assessment and Management of International Construction Projects

Construction companies face threats from competition and must be able to adjust to modem technology and changes in customer expectations. These issues require efficient risk management techniques. The success of construction companies running projects in international markets depends on how the risks arise from the host country conditions as well as the project specific risk factors. Successful management of risks requires identification of risks, construction of a risk model which can be used to assess the magnitude of risks, and implementation of response strategies so that an acceptable risk-return balance can be achieved. The project success usually depends on the combination of all risks, response strategies used to mitigate risks, and a company＇s ability to manage them. There exists a need to develop risk models containing the risks of doing business in international markets and factors that affect manageability of these risks. One of the market＇s critical challenges is scheduled management and the understanding and application of program management. This paper uses systematic risk identification, classification and analysis, and measurement and response methodologies to help international contractors quantify the risks of project development and accomplishment.

Role of Materials and Labor Allocation in Cost-Effective Soundproof House Construction Projects

There is increase in the issues related to noise pollution due to their negative impacts on the individual.The ability of materials to absorb noise creates future problems for the building and for the residents;although,temporary presence of construction noise holds minor importance for some projects.The study aims to assess the role of materials and labour allocation in cost-effective soundproof house construction projects.The efficiency of synthetic foam,polyurethane and cellular materials was explored in providing insulation in multiple construction projects.Various soundproofing solutions such as rubber,gypsum,homasote,plywood and natural fibres were discussed in the light of cost-effectivity.Soundproofing can be guaranteed by using environmentally-friendly,natural,degradable and recycled products in the construction industry.The study helped in highlighting the materials that can help in building soundproof construction projects.The results indicated the need for applying modern,synthetic,cost-effective and green sound-absorbing systems in construction projects.The safety along with minimal maintenance and longevity of the completed construction projects is maintained by advancements in technological efficiency of building materials.The adaptation of Western construction technologies will ensure success in building construction projects as modern building materials play a significant role in building of sound proof construction buildings.