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.

Assessment of Man-made and Natural Hazards in the Surroundings of Hydropower Projects under Construction in the Beas Valley of Northwestern Himalaya

Mountain ecosystem, on the earth, has plenty of natural resources. In Himachal Pradesh all the rivers are snowfed and therefore rich in water resources. These resources have been supporting enough for the generation of electricity through introducing hydropower projects since the last decade However, every developmental activity has its own negative impacts on the surrounding environment. Due to the fragile nature of topography and delicacy of ecology of the Himalaya, it results in lot of disturbances because of high degree of human interferences like construction of major hydropower projects. The increased extent of geological hazards, such as landslides, rock fall and soil erosion, have mainly due to alike developmental interventions in the natural ecosystem. So understanding and analysing such impacts of the hydropower projects have mainly been on the environment in various forms but natural hazards have been frequent ones. The present study, therefore, focuses mainly on the Parbati Stage II （800 MW） and the Parbati Stage III （520 MW） hydropower projects; both of which fall within the Kullu district of Himachal Pradesh. Based on the perception survey of the local communities, the existing land use pattern, status of total acquired land of the residents by hydropower projects, frequent natural hazards and resultant loss to the local communities due to upcoming construction of hydropower projects surrounding to the Parbati Stage II and III have been analysed in the paper. Also, the preventive measures to mitigate these adverse impacts have been suggested to strengthen these projects in eco-friendly manner in the mountain context.

The construction design and practice of Three Gorges Project

The construction of Three Gorges Project (TGP) is characterized by large construction scale,high construction intensity and complexity in technology.In view of various technical difficulties such as navigation in construction period,two river closures,high-intensity concrete and earth-rock construction,high-intensity construction and demolition of RCC (roller compacted concrete) cofferdam in stage III and immediate navigation of double-line five-step shiplock after impoundment of reservoir,the scheme of river diversion during construction is adopted,namely "diversion in 3 stages,open channel navigation and cofferdam power generation".The practice and innovation achievements in river diversion during construction as well as earth-rock and concrete construction are presented emphatically.

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.

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.

An Analysis of the Benfit on Green Risk in Construction Projects

The Construction project green risks (CPGRs) refer to those threats to environment, energy sources and material re-sources during the entire life-cycle of a construction project. The emergent green risks in exploiting these resources are of varying concern to all. In this paper, evolutionary game is introduced to make about impacts of strategy choices from interactions among the choices developers, and between the choices developers and EPDs on project green risk. The results show that CPGRs will occur if either developers find that not managing CPGRs has a better payoff than opting for CPGR management, or if monitors impose only mild fines even when they find CPGRs within construction projects of developer’s firms. The study also shows that there is a prohibitively expensive cost incurred by EPDs in monitoring CPGRs. Finally, some strategies are given for EPDs to help them make policies to regulate the strategies of developers.

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.

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.

The Influence of Construction Manager Experience in Project Accomplishment

Nowadays, construction projects became more complex, where the responsibility of construction manager is to control and plan the project resources in a professional way to handover the project in terms of time, cost, and quality. The aim of this study is to analyze the affect of the long experience of the construction manager on project success; it aims to identify the capability skills that the construction manager should have to complete the project on time. The fmding of this study is to help in understanding the factors that influence the project success through the long experience of the construction manager.

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.

Key Points in the Supervision of Road Landscaping Project——A Case Study of the South 3^(rd) Ring Road in Yanta District of Xi'an City,China

Characteristics of road landscaping were analyzed,as a kind of "linear" landscaping,it could be classified into urban street landscaping,urban ring road and expressway landscaping.Differences between road landscaping projects and other garden landscaping projects or construction projects were analyzed.Landscaping project for the South 3rd Ring Road of Xi'an City(in Yanta District)was taken for an example to summarize construction experience,discuss present conditions and features of garden landscaping supervision in China.The artistic and physiological properties of garden landscaping,as well as the supervision during maintenance period were stressed,but it was also pointed out that garden landscaping supervision in China was actually not given sufficient attention.On this basis,key points in the supervision of road landscaping project were proposed:understanding design ideas,selection of landscape plants,quality control of concealed works,prevention and control of diseases and insects,construction safety management and overall image;only by effectively implementing these key points,a high-quality road landscaping project could be realized to improve the image of a city and beautify its environment.

The Impact of State Policies on Investment Project Management in Polish Industrial Construction Sector

In this paper,we discuss the influence of economic,environmental and legal policies of the state on the management of investment projects in the area of industrial construction in Poland.Our empirical study relies on conducting a questionnaire survey.A total of 158 Polish companies dealing with industrial construction took part in the survey.Then,the collected questionnaires were subjected to a thorough analysis and interpretation,with the use of a method called the exploratory factor analysis(EFA).Our research reveals the key factors influencing successful investment project management in the Polish industrial construction sector.These factors have been identified as the“availability of technology in a stable political system”,“stability of the economic and tax systems”,“stable social system policy,stability and transparency of the legal system”and a“well-targeted environmental policy”.A key conclusion that can be drawn from our study is that an efficient management of investment projects in the industrial construction industry is significantly influenced by properly shaped and stable economic,environmental,and legal policies of the state.

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.

MAJOR FACTORS IMPEDING THE IMPLEMENTATION OF WASTE MANAGEMENT IN AUSTRALIAN CONSTRUCTION PROJECTS

This article aims to identify barriers to implementing waste management practices in construction projects and their interrelationship,based on the particular context of Australia.Interviews and a questionnaire survey were conducted as the primary data collection methods supported by the findings of a charrette.The findings reveal twenty critical barriers to implementing waste management practices in Australian construction projects.Four underlying factors that impede waste management prac-tices are extracted based on results of an exploratory factor analysis.These include rigidity of construction practices,construction project characteristics,awareness,experience and commitment,and the nascent nature of waste management.The study also finds that while both human factors and technical factors act as barriers to implementing waste management practices in Australian construction projects,human factors are more dominant.Thus,it is essential to address all these barriers in the early stage of construction projects for reducing waste generation.

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.

Analysis0ntheProblemsandCountermeasuresofConstructionProjectAccountingSettlement

本文浅要讨论了建筑工程预结算工作中容易出现的问题，并对如何解决这些问题作了一些简要的分析。

Analysis on Reformation of Digital Management Education of Prefabricated Construction Project Under the Background of Intelligent Construction

Prefabricated building is an important building development mode at present.It can improve the development speed and production efficiency of the construction industry,reduce the labor intensity of construction,play an important role in the development as well as the modernization of the construction industry.Due to the late development of prefabricated buildings,the talent training of prefabricated buildings lags behind,causing the development of prefabricated buildings to not achieve its required target.Therefore,the characteristics of intelligent construction need to be incorporated,the education of prefabricated buildings needs to be reformed,the education regarding digital management of prefabricated buildings should be improved,and more professional talents should be nurtured.

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 ...