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.

Construction Safety Management of Mechanical and Electrical Installation Projects

Various industries today rely on the support of electromechanical equipment,expanding its scope of application and leading to an increase in electromechanical installation projects.However,due to the high level of expertise required and the potential risks involved,it is crucial to emphasize safety management during construction.This paper delves into the significance of construction safety management for electromechanical installation projects,identifies common problems encountered during construction,and proposes solutions.This analysis aims to provide relevant personnel with essential guidance and references for managing electromechanical installation projects safely.

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.

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.

Discussion on the Application of Pipe Jacking Construction Technology in Municipal Road Drainage Projects

In the construction of municipal road drainage projects,pipe jacking construction is a relatively common construction method.This construction technology can avoid a large amount of excavation work,improve drainage construction efficiency,avoid large-scale damage to the road surface,and exert small traffic impact.Therefore,it is currently widely used in drainage construction,but judging from the current actual application situation,there are still many problems that require further improvement.This article mainly analyzes the advantages of and current technical problems in pipe jacking construction technology in detail,explores corresponding solutions,and lays a foundation for the optimization of municipal road drainage engineering construction.

The Importance of Construction Project Archives Management and Ways to Strengthen it

China’s economy has been developing rapidly in recent years,leading to an acceleration of urbanization,which in turn caused the number of construction projects in various regions to increase significantly.Archives are important information for construction projects.The quality of archives management can have a great impact on the quality and economic benefits of construction projects.For this reason,it is necessary to increase the emphasis on archives management of construction projects and take effective management measures.This article introduces the concept of construction project archives,highlights the significance of effective management in construction project archives,and examines prevalent issues along with practical measures to enhance construction project archives management,with the goal of offering valuable insights for archive managers.

Analysis on Classified Storage and Traceability of Construction Project Archives

With the development and progress of economic construction and market economy,urban construction is also developing rapidly.In the field of construction engineering,a large number of construction engineering files are constantly being produced and accumulated.Therefore,the role of file management is becoming more and more important.The archives are the true records of the whole process of project construction,including the information on the whole process from project design to completion,and are also the main basis for operation management after project delivery.However,there are many aspects to construction project archives,and there are many problems.Nowadays,the classification and preservation of archives are receiving more and more attention.In this article,the origin and development history of construction project archives is first expounded,and its attributes and importance are analyzed.Secondly,the differences between ancient and modern archives management are compared,and at the same time suggestions on improving the archives’traceability system,strengthening the use of archives,and establishing and improving archives management are given.In this paper,we summarize the problems in archives sorting and put forward specific solutions to improve the standardization and systematic management of archives work and enhance the authenticity and integrity of construction project archives.

Penalty model for delay of bidding section construction period in South-to-North Water Diversion Eastern Route Project from perspective of programs

According to the multi-project and program management theory, this paper analyzes the program generation principle and establishes a program based on progress goals. On the basis of the present situation of calculation of penalty for delay of the bidding section construction period with the critical path method, we studied the effects of contractor-induced delay of the bidding section construction period in detail, including the effects on the construction period of the bidding section itself, the earliest start times of the next bidding section and other subsequent bidding sections, and the construction period of the program, and then constructed a penalty model for delay of the bidding section construction period from the perspective of programs. Using the penalty model, we conducted a practical analysis of penalty for delay of the construction period of the Baoying station program in the South-to-North Water Diversion Project. The model can help determine the amount of penalty for delay of the construction period in bidding sections scientifically and reasonably,

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.

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 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.

Project Construction and Important Technical Innovation for Qinshan Phase Ⅲ (PHWR) Nuclear Power Plant

Qinshan Phase Ⅲ(PHWR)Nuclear Power Plant,the first commercial heavy water reactor nuclear power plant in China,was the biggest trade project performed between the governments of China and Canada.As the owner,the Third Qinshan Nuclear Power Company(TQNPC)persisted in independent innovation management during the project construction,commissioning and self-dependent operation,efficiently realizing the three controls of the project,i.e.quality control,schedule control and investment control,and persisted in technical improvement on the basis of digestion and absorption of CANDU-6 technology to improve the unit safety and reliability.The project construction practice has helped China's nuclear power project management to becomeprogrammed,computerized,standardized and internationalized management from the existing basis.After completion of the project,with unit safe and steady operation as the prerequisite,TQNPC performed several technical modifications and innovations to continuously improve the unit performance.In the area of staff development,TQNPC paid much attention to cultivation of corporate culture,strengthed staff training and built up a good circulating mechanism with staff training and project construction promoting each other.Further to "Zero Breakthrough" and a new step forward of locolization successfully realized in Qinshan Nuclear Power Plant and Nuclear Power Qinshan Joint Venture Company,the improvement and developemnt of nuclear power project management level in Qinshan Phase Ⅲ(PHWR)Nuclear Power Plant provided reference for promotion of nuclear power development in China and standardized management of introducing large imported project.

Comparison of project management approaches in construction

The construction industry is acutely aware of the need to improve its management process. Currently,construction management is facing four major schools of thoughts. This paper reports the recent study results,the aim of which was to compare these approaches. The focus will be on the questions:What is the theory root for this school of thoughts? What is the position of planning? What are the techniques used or recommended by each of these schools of thoughts in managing construction projects? Recommendations are then given through a deep discussion of the capability of each approach in managing today's highly complex construction project.

The construction management system and practice of Three Gorges Project

Three Gorges Project (TGP),the largest water resources and hydropower project in the world with huge scale and complex techniques,has great comprehensive benefits mainly in flood control,power generation and navigation improvement.Through 17-year construction and practice,the project has been successfully completed.Some valuable experience from the successful construction of TGP has been gained for the management system and mechanism of hydropower project construction in China.Its construction management mode produces important influences on the management system of domestic capital construction.With combination of the construction management practice of TGP,the characteristics of management system and mechanism are summarized,and the suggestions on current hydropower development system and construction management mode are put forward.

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.

Relationship between Project Consultants’ Performance and Project Success in the Rwandan Construction Industry

As discovered, today’s Rwandan construction industry is developing day by day, which plays a very important role in the country’s economic growth. In the construction industry, project consultants play a very significant role in providing services for such projects. The project consultants provide services from the beginning of the project to the completion of the project. Using project consultants is very useful for construction projects because it can ameliorate project efficiency and effectiveness. The main purpose of this paper is to investigate the relationship between project consultants’ performance and project success in the Rwandan construction industry. The data used in this study were obtained from primary and secondary sources. The secondary data was attained through an elaborated literature review of various books, articles, and papers related to this research to outlining and describing the chief ideas of this research title. The primary data was compiled through a questionnaire survey that was directed to 110 selected professionals in the construction projects in Rwanda to collect data from the site for statistical analysis of the research to test the hypothesis. However, a total of 90 usable responses were received within the scheduled period representing the response rate of 81.82%, which is likely to be representative and acceptable. Data collected from the questionnaire surveys were analyzed using the Statistical Package for Social Scientists (SPSS), excel spreadsheets, and Relative Importance Index (RII), which provide more merit presentations. The survey results show that even if there are many obstacles in the use of project consultants in the Rwandan construction industry such as lack of knowledge and practice in project consulting, lack of well-trained project consulting professionals, lack of training opportunities in project consulting, lack of knowledge and experience in addition to the senior management opposition, and lack of local project consulting guidelines and information;they are needed in the construction project to make it more successful through reducing and saving the overall project’s life cycle cost according to client’s wishes, keeping time of construction project, improving quality of the project products in the present and future, removing major variations that affect construction project with its attendant cost overrun, and advising on construction project process. Therefore, it is more important to remark that the good performance of the project consultants in any industry especially in the construction industry will contribute to the successful implementation of the project. From the results of the study, the performance of project consultants is closely related to the success of the construction industry in Rwanda. The project consultants’ leading skills and knowledge automatically guide the project to complete with accurate time, budget, and quality to make the project successful. In this paper, we will also consider the project success criteria;the role and responsibility of project consultants;the factors affecting the performance of project consultants;and the reasons that hinder the implementation of project consulting in the Rwandan construction industry.

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.

Risk Assessment at the Design Phase of Construction Projects in Ghana

The study was carried out exclusively in Ghana to explore the approaches employed by consultants in risk assessment at the design phase of projects in Ghana. One hundred and fourteen (114) consultants were selected out of a population of one hundred and eighty six (186) from three main professional associations in Ghana made up of the Ghana Institute of Architects, Ghana Institution of Engineers and the Ghana Institution of Surveyors (Quantity Surveying Division) practicing in Ghana for the study. Both primary and secondary data were collected. A descriptive survey was also used to observe and describe the presence, frequency or absence of characteristics of a phenomenon as it naturally occurred, in order to gain additional information. A questionnaire was also designed to collect data from the architects, engineers and quantity surveyors. The data was analyzed using Statistical Package for the Social Scientists (SPSS) 17.0. Descriptive and inferential statistics, such as frequency tables, percentages and cross tabulations were used in the data analysis and summaries. Simple tests of associations were undertaken by using Chi square and Cramer’s V statistics to compare relationships between variables. Again, relative importance index was also used to analyze some of the data by computing to deduce their rankings. The relative importance index was used to analyze some of the data by computing to deduce their rankings. The research revealed that majority of consultants had an average knowledge of risk management. Based on the findings it was recommended that consultants undergo advanced training in risk assessment. It was therefore suggested that consultancy firms should develop a set of laid down procedures for consultants to use in risk assessment in order that the use of intuition employed by majority is lessened. The challenges observed in risk assessment and the remedial steps suggested curtailing the detrimental effects of risks would be of wide importance to many developing economies.