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.

Perception-Based Assessment of the Factors Causing Delays in Construction Projects

Construction delay is a widespread issue in the construction industry of developing countries, and Nepal is no exception. These delays extend project durations and lead to cost overruns and disputes among stakeholders. To address this problem, this study aimed to identify and analyze the significant factors that contribute to construction project delays in Nepal. To gather data, a well-structured questionnaire was developed and administered to a sample of 100 participants, including contractors, consultants, and civil engineers. Various statistical tests were conducted to ensure the data’s integrity and consistency, such as reliability assessments and factor analyses. The findings of the study highlighted multiple factors contributing to delays in construction projects such as inadequate design, poor communication, and coordination among stakeholders, insufficient experience and planning by contractors, delays in material delivery and testing, labor-related problems including shortages and low qualifications, and external factors like regulatory changes and unforeseen circumstances. By identifying these major causes of construction project delays, this study presented insightful information that can contribute to the analysis and evaluation of project performance.

Evaluating the Impact of Workshop Management on the Progress of Road Construction Projects(Case Study:Road Construction Projects of Tehran Province)

Construction projects,including road construction,are very important.Therefore,a lot of money is spent on these projects every year.So,the lack of proper planning will increase the cost and cause irreparable damage to the country.The role of workshop management is one of the most important factors in increasing the cost of these types of projects.Generally,workshop management plays a very important role in improving the quality and quantity of projects and has an important place in the project implementation process.Therefore,this study evaluated the impact of workshop management on the progress of road construction projects on a case-by-case basis in road construction projects in Tehran province.According to the purpose of the research,this study was a descriptive-survey type.In addition,the tool used in this research was a questionnaire.The statistical population of this research included all experts and specialists in road construction projects,among whom 65 people were selected by snowball method.Then the collected data were analyzed using SPSS software.The results of this study showed that the management of the workshop and its role in the control and implementation of projects is a complex process,which can be implemented at high levels and effectively by combining scientific and experimental training.And a very important point in the discussion of workshop management is applying scientific management to the use of valuable experiences from others.Because management knowledge not only does not negate the use of these experiences,but also emphasizes the necessity of using them.In other words,improving the knowledge of workshop management is one of the requirements for the implementation of value engineering in construction projects,especially road construction,and it is very important.

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.

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 ...

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.

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.

The Relationship between Financial Reporting System and Project Success: A Case of Construction Projects in UAE

The purpose of this paper is to deliver a better perception of the project success,and how reporting system might increase the probability of project success in construction projects in UAE.Further,it aims at exploring the relationship between effective reporting system in terms of the characteristic of its outputs(mainly effectiveness of financial reporting system)and project success.Semi-structured interviews with a number of interior auditors,accountants,and chief financial officers(CFOs)from different corporations in construction sector in UAE in order to recognize how effective reporting system in terms of the characteristic of its outputs(broad scope,timeliness,aggregation,and integration)might contribute to increase the probability of project success.There are several success factors in construction projects in UAE,thus it is very hard to capture all these factors in one paper.Hence,this paper is not considering all project success factors rather it focuses on the characteristic of outputs of the reporting system generally and the financial reporting system particularly(broad scope,timeliness,aggregation,and integration),as most of the studies in the literature considered the reporting system as a key factor of project success.This paper adds to both project management and accounting research by evidencing results from an exploration how effective reporting might impact the project success,with valuable implications for standard officials,customers,investors,stakeholders,sponsors,shareholders,CFOs,project developer,consultants,internal auditors,and accounting academics.The effective reporting system in United Arab Emirates(UAE)construction projects enables possessors,customers,and contractors of projects to get timely information about the progress of project in a brief and significant format which in turn improve the decision-making process and contribute to project success.This paper implies a contribution for both project management literature and accounting research by investigative the effectiveness of reporting system in project successes from historical point of view and contemporary point of view.

Effects. of Change Orders through Technical Programs on Construction Projects in Jordan

Regarding construction projects, no project is implemented exactly as planned. Changes in construction projects are common due to the dynamic nature of the construction process. It is necessary to use effective and appropriate tools by project management to support decision-making and control changes during all stages of project implementation. This study examined the effects of change orders through technical programs on construction projects in Jordan and focused on how to overcome these effects by making usual orders that can be handled by each of the contracting parties. Also, this study added an advantage by not addressing the negative effects of change orders, but it provided many positive effects of change orders by using technical programs method, which has not been yet researched in Jordanian studies in particular, and in global studies in general. The researcher used descriptive analytical method by interviews to collect data through nine questions to a random sample of 30 engineers selected form constructions projects in Jordan. The results related to the study questions on the effect of change orders through technical programs on construction projects in Jordan showed that, most of the study samples confirm that change orders through technical programs decrease the cost of the projects, cause no need for more materials, cause no delay in the completion schedule, enhances the quality of work, and increase the productivity of the work force. The study recommended applying integrated change management system with technical supports form different technologies, developing effective innovative and practical solution to manage change orders and increase training programs to qualify and increase engineering skills in dealing with ICT （information and communication technologies） program.

Controlling Methods and Causes of Wall Cracks of Civil and Industrial Construction Projects

Since the reform and opening up,Chinese economy has developed rapidly.Industrial and civil construction projects have made significant progress.That said,it is of great significance to further strengthen the construction management of industrial and civil construction projects for the longterm development of construction industry in China.In terms of reality,one of the common problems in the current industrial and civil construction is wall cracks,which will have an important impact on the appearance of the building and the overall construction quality.Therefore,it is necessary to analyze the reasons and put forward corresponding measures on it.That is how we can continuously improve the construction quality in civil and industrial construction projects,thereby achieving the enhancement of building safety and stability.

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.

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.

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.

Ecological Rehabilitation Measures in Civil Airport Construction Projects in Different Ecologically Vulnerable Regions in China

Numerous airports have been constructed based on the Twelfth Five-Year Plan for Civil Aviation Development of China. We collected relevant data on the number and distribution of civil airports, the construction of which had started or that had been assessed and approved. Based on a comparative analysis of the limits of ecological restoration in different ecologically vulnerable areas from the perspective of space, as well as an examination of ecological sensitivity factors in the ecosystems surrounding airport construction projects, suggestions concerning key ecological control techniques to be employed in airport construction projects in different ecologically vulnerable areas are put forward. The results showed that the airport construction projects recently approved by the Ministry of Water Resources and the Environmental Protection Agency are mainly distributed in the ecologically vulnerable areas of the Red Soil Hilly Area in southern China, the Karst Rocky Desertification Area in southwest China, the Agro-pastoral Ecotone in the southwestern mountain region, and the Desert-Oasis Connecting Belt in northwest China. The airport construction projects in the southwest mountain area, the hilly areas of southern China, and in the Qinghai-Tibetan Plateau are mainly based on the ecological technologies of slope protection, interception and drainage management, and vegetation restoration, respectively. In the arid and semi-arid areas, the ecological control technology employed in airport construction is mainly the rational utilization of water resources and reduction or mitigation of the effects of sandstorms. This study aims to serve as basis for soil and water conservation plans in airport construction projects and accelerate ecosystem restoration within the vicinity of airport construction sites.

Smart construction site in mega construction projects: A case study on island tunneling project of Hong Kong-Zhuhai-Macao Bridge

The construction sites of mega construction projects(MCP) often have numerous participants with interfacing work within a highly complex system. It is critical how to realize collaborative work and information sharing among such participants. The information and communication technologies(ICTs) provides a technical guarantee for solving this problem. Existing research has been achieved the partial processes digitization of construction site, but certain problems still exist: 1)information perception of the construction site is passive.2) common collaboration and coordination problems in the construction industry have not been addressed. The emerging trends of ICTs have resulted in the integration of various computer technologies such as CPS, BIM, big data, and cloud computing into construction process,which would changes behavioral and management mode of construction sites. These new ICTs have been applied successfully in MCP, in particular, Hong Kong-ZhuhaiMacao Bridge project. A new management mode of construction sites is inspired by these case. In this paper, a new management mode of construction site for MCP has been proposed, namely, smart construction site. The ultimate goal of smart construction site is to accomplish safe, efficient and high-quality construction. This study put forward the conceptual framework for smart construction site, and have identified three key elements of smart construction site, including information support platform,collaboration work, and intelligent construction management. A case study on Hong Kong-Zhuhai-Macao Bridge project work as an evidence to support the practicability of the proposed mode. Significant contributions of this study is to propose a new management mode for MCP in construction industry, which would enrich the body of knowledge or the construction management community.Future research should be dedicated to further explore the potential of smart construction site in MCP management.

An Empirical Study on the Generation Mechanism of NIMBY Conflicts of Construction Projects

In the highly overlapped contexts of urbanization and social transformation,and with the advent of the"Risk Society," the social issues,called "Not in My Back Yard(NIMBY)" conflicts,caused by the construction or operation of the NIMBY projects have become a serious problem in China.Hence,it is in urgent need to find out the influencing factors and discover the generation mechanism of the NIMBY conflicts.From the perspective of social conflict theory,the authors built a process model of the NIMBY conflicts on the basis of identifying stakeholders and analyzing their interest interaction.Thereafter,the authors conducted a questionnaire survey,followed by exploratory factor analysis(EFA) revealing the underlying influencing factors of the NIMBY conflicts.Finally,they performed the confirmatory analysis method of Structural Equation Modeling to test the preliminary research hypothesis of the model and its interaction path in AMOS 18.0,with the results showing that unequal exchange and consensus mobilization will contribute to the formation of common consciousness of the opposition party,the opposition party's common consciousness and action mobilization affects the generation of social conflicts.The process model reveals the generation mechanism of the NIMBY conflicts,and it facilitates further investigations in the governance of the NIMBY conflicts.