Against the backdrop of rapid development in China’s construction and infrastructure sectors,discrepancies between project budgets and actual costs have become pronounced,manifesting in project overruns and suspensio...Against the backdrop of rapid development in China’s construction and infrastructure sectors,discrepancies between project budgets and actual costs have become pronounced,manifesting in project overruns and suspensions,posing significant challenges.To address inaccuracies in investment targets and operational complexities,this study focuses on a beam-bridge construction project in a district of Shijiazhuang city as a case study.Drawing upon historical analogs,the project employs a Work Breakdown Structure(WBS)to decompose the engineering works.Building on theories of Cost Significant(CS)and Whole Life Costing(WLC),the study constructs Cost Significant Items(CSIs)and develops a CNN-BiLSTM-Attention neural network for nonlinear prediction.By identifying significant cost drivers in engineering projects,this paper presents a streamlined cost estimation method that significantly reduces computational burdens,simplifies data collection processes,and optimizes data analysis and forecasting,thereby enhancing prediction accuracy.Finally,validation with real-world cost fluctuation data demonstrates minor errors,meeting predictive requirements across project execution phases.展开更多
Effective cost control in the investment and design phases of highway construction is crucial for managing project expenses.However,current management practices often overlook pre-construction cost management,leading ...Effective cost control in the investment and design phases of highway construction is crucial for managing project expenses.However,current management practices often overlook pre-construction cost management,leading to budget overruns and project delays during later stages.To ensure the smooth execution and cost control of highway construction projects,this paper examines the significance of cost control,evaluates the current state and challenges of highway construction,and proposes strategies for cost management.These strategies aim to establish a robust foundation for cost management in highway projects.展开更多
In order to respond to the national policy of focusing on the service of building a new development pattern and promoting high-quality development,and to reduce the cost of greening projects while ensuring the effect ...In order to respond to the national policy of focusing on the service of building a new development pattern and promoting high-quality development,and to reduce the cost of greening projects while ensuring the effect of highway landscape,a process and cost control points of highway greening design,construction,and maintenance are summarized through a review of the literature.Additionally,this paper examines the attributes of highway greening and proposes cost control strategies that are aligned with these attributes.It is proposed that the implementation of cost control strategies for highway greening should commence at the project establishment phase,with the objective of establishing a comprehensive and effective cost management control system.While guaranteeing the greening landscape effect and the duration of the project,it is essential to regulate the crucial nodes in each phase of the design,construction,and maintenance process.Furthermore,it is vital to facilitate close collaboration between all parties involved,thereby reducing costs,conserving resources,and lowering energy consumption.This approach can also lead to enhanced economic and social benefits for highway greening projects.展开更多
In recent years,China’s society and economy has been developing very rapidly,and various industries are showing a trend of vigorous development.The importance of control and management of project cost in highway proj...In recent years,China’s society and economy has been developing very rapidly,and various industries are showing a trend of vigorous development.The importance of control and management of project cost in highway project management is becoming more and more prominent.PPP model has been widely used in the control and management of highway project cost with its own unique advantages.The author analyzes the important advantages of the PPP model and the existing problems in the cost control and management of highway projects,and puts forward effective measures for the cost control and management of highway projects using the PPP model,in hope of helping with the smooth implementation of the work.展开更多
The"replacement of business tax by VAT reform"(hereby refer to as"VAT reform"for short)is a newly promulgated and implemented tax policy,and its impact on various industries in China is very differ...The"replacement of business tax by VAT reform"(hereby refer to as"VAT reform"for short)is a newly promulgated and implemented tax policy,and its impact on various industries in China is very different,and the highway project industry is no exception.The implementation of the"VAT reform"will not only have a positive impact on the cost of highway projects,but will also have some negative impacts.For this reason,highway project construction corporates must actively respond.The author explores and analyzes the positive and negative effects of the"VAT reform"on the cost of highway projects,and proposes a reform strategy for highway project cost work under the background of the"VAT reform",in hope of helping with bringing out the intrinsic value of highway project cost management work.展开更多
Software cost estimation is a main concern of the software industry. However, the fact is also that in today’s scenario, software industries are more interested in other issues like new technologies in the market, sh...Software cost estimation is a main concern of the software industry. However, the fact is also that in today’s scenario, software industries are more interested in other issues like new technologies in the market, shorter development time, skill shortage etc. They are actually deviating from critical issues to routine issues. Today, people expect high quality products at very low costs and same is the goal of software engineering. An accuracy in software cost estimation has a direct impact on company’s reputation and also affects the software investment decisions. Accurate cost estimation can minimize the unnecessary costs and increase the productivity and efficiency of the company. The objective of this paper is to identify the existing methods of software cost estimation prevailing in the market and analyzing some of the important factors impacting the software cost estimation process. In order to achieve the objective, a survey was conducted to find out: ● Nature of projects that companies prefer. ● Impact of training on employees in software cost estimation. ● How many people review the estimated cost? ● How much risk buffer the company keeps for future prospects?展开更多
A cost estimate is one of the most important steps in road project management. There are ranges of factors that mostly affect the final project cost. Many approaches were used to estimate project cost, which took into...A cost estimate is one of the most important steps in road project management. There are ranges of factors that mostly affect the final project cost. Many approaches were used to estimate project cost, which took into consideration probable project performance and risks. The aim is to improve the ability of construction managers to predict a parametric cost estimate for road projects using SVM （support vector machine）. The work is based on collecting historical road executed cases. The 12 factors were identified to be the most important factors affecting the cost-estimating model. A total of 70 case studies from historical data were divided randomly into three sets： training set includes 60 cases, cross validation set includes three cases and testing set includes seven cases. The built model was successfully able to predict project cost to the AP （accuracy performance） of 95%.展开更多
The factors influencing the water supply price of a hydraulic project include natural conditions and economic policies. This paper thoroughly demonstrates the water price of South-to-North Water Transfer Project from ...The factors influencing the water supply price of a hydraulic project include natural conditions and economic policies. This paper thoroughly demonstrates the water price of South-to-North Water Transfer Project from the viewpoint of economic policies. It is considered that if the project is assigned as a profitable one and built depending on commercial loan from bank completely or mostly, the water price will be too high to be undertaken by users,and if the project places the public good at first while considering the economic benefit, its investment mainly relies on the state (national or local governments) appropriation and self-raised funds and a little from the bank loan on favorable terms, the price determined according to the principle of satisfying the cost and reasonable profit will be relatively lower and can be undertaken by the users in the North China where water shortage is serious. The problem of higher water price of agricultural irrigation to the north of the Yellow River can be tackled by taking measures such as "compensating agriculture by industry" according to foreign practical experiences and relevant suggestions.展开更多
Traditional project effort estimation utilizes development models that span the entire project life cycle and thus culminates estimation errors. This exploratory research is the first attempt to break each project act...Traditional project effort estimation utilizes development models that span the entire project life cycle and thus culminates estimation errors. This exploratory research is the first attempt to break each project activity down to smaller work elements. There are eight work elements, each of which is being defined and symbolized with visually distinct shape. The purpose is to standardize the operations associated with the development process in the form of a visual symbolic flow map. Hence, developers can streamline their work systematically. Project effort estimation can be determined based on these standard work elements that not only help identify essential cost drivers for estimation, but also reduce latency cost to enhance estimation efficiency. Benefits of the proposed work element scheme are project visibility, better control for immediate pay-off and, in long term management, standardization for software process automation.展开更多
文摘Against the backdrop of rapid development in China’s construction and infrastructure sectors,discrepancies between project budgets and actual costs have become pronounced,manifesting in project overruns and suspensions,posing significant challenges.To address inaccuracies in investment targets and operational complexities,this study focuses on a beam-bridge construction project in a district of Shijiazhuang city as a case study.Drawing upon historical analogs,the project employs a Work Breakdown Structure(WBS)to decompose the engineering works.Building on theories of Cost Significant(CS)and Whole Life Costing(WLC),the study constructs Cost Significant Items(CSIs)and develops a CNN-BiLSTM-Attention neural network for nonlinear prediction.By identifying significant cost drivers in engineering projects,this paper presents a streamlined cost estimation method that significantly reduces computational burdens,simplifies data collection processes,and optimizes data analysis and forecasting,thereby enhancing prediction accuracy.Finally,validation with real-world cost fluctuation data demonstrates minor errors,meeting predictive requirements across project execution phases.
文摘Effective cost control in the investment and design phases of highway construction is crucial for managing project expenses.However,current management practices often overlook pre-construction cost management,leading to budget overruns and project delays during later stages.To ensure the smooth execution and cost control of highway construction projects,this paper examines the significance of cost control,evaluates the current state and challenges of highway construction,and proposes strategies for cost management.These strategies aim to establish a robust foundation for cost management in highway projects.
文摘In order to respond to the national policy of focusing on the service of building a new development pattern and promoting high-quality development,and to reduce the cost of greening projects while ensuring the effect of highway landscape,a process and cost control points of highway greening design,construction,and maintenance are summarized through a review of the literature.Additionally,this paper examines the attributes of highway greening and proposes cost control strategies that are aligned with these attributes.It is proposed that the implementation of cost control strategies for highway greening should commence at the project establishment phase,with the objective of establishing a comprehensive and effective cost management control system.While guaranteeing the greening landscape effect and the duration of the project,it is essential to regulate the crucial nodes in each phase of the design,construction,and maintenance process.Furthermore,it is vital to facilitate close collaboration between all parties involved,thereby reducing costs,conserving resources,and lowering energy consumption.This approach can also lead to enhanced economic and social benefits for highway greening projects.
文摘In recent years,China’s society and economy has been developing very rapidly,and various industries are showing a trend of vigorous development.The importance of control and management of project cost in highway project management is becoming more and more prominent.PPP model has been widely used in the control and management of highway project cost with its own unique advantages.The author analyzes the important advantages of the PPP model and the existing problems in the cost control and management of highway projects,and puts forward effective measures for the cost control and management of highway projects using the PPP model,in hope of helping with the smooth implementation of the work.
文摘The"replacement of business tax by VAT reform"(hereby refer to as"VAT reform"for short)is a newly promulgated and implemented tax policy,and its impact on various industries in China is very different,and the highway project industry is no exception.The implementation of the"VAT reform"will not only have a positive impact on the cost of highway projects,but will also have some negative impacts.For this reason,highway project construction corporates must actively respond.The author explores and analyzes the positive and negative effects of the"VAT reform"on the cost of highway projects,and proposes a reform strategy for highway project cost work under the background of the"VAT reform",in hope of helping with bringing out the intrinsic value of highway project cost management work.
文摘Software cost estimation is a main concern of the software industry. However, the fact is also that in today’s scenario, software industries are more interested in other issues like new technologies in the market, shorter development time, skill shortage etc. They are actually deviating from critical issues to routine issues. Today, people expect high quality products at very low costs and same is the goal of software engineering. An accuracy in software cost estimation has a direct impact on company’s reputation and also affects the software investment decisions. Accurate cost estimation can minimize the unnecessary costs and increase the productivity and efficiency of the company. The objective of this paper is to identify the existing methods of software cost estimation prevailing in the market and analyzing some of the important factors impacting the software cost estimation process. In order to achieve the objective, a survey was conducted to find out: ● Nature of projects that companies prefer. ● Impact of training on employees in software cost estimation. ● How many people review the estimated cost? ● How much risk buffer the company keeps for future prospects?
文摘A cost estimate is one of the most important steps in road project management. There are ranges of factors that mostly affect the final project cost. Many approaches were used to estimate project cost, which took into consideration probable project performance and risks. The aim is to improve the ability of construction managers to predict a parametric cost estimate for road projects using SVM （support vector machine）. The work is based on collecting historical road executed cases. The 12 factors were identified to be the most important factors affecting the cost-estimating model. A total of 70 case studies from historical data were divided randomly into three sets： training set includes 60 cases, cross validation set includes three cases and testing set includes seven cases. The built model was successfully able to predict project cost to the AP （accuracy performance） of 95%.
文摘The factors influencing the water supply price of a hydraulic project include natural conditions and economic policies. This paper thoroughly demonstrates the water price of South-to-North Water Transfer Project from the viewpoint of economic policies. It is considered that if the project is assigned as a profitable one and built depending on commercial loan from bank completely or mostly, the water price will be too high to be undertaken by users,and if the project places the public good at first while considering the economic benefit, its investment mainly relies on the state (national or local governments) appropriation and self-raised funds and a little from the bank loan on favorable terms, the price determined according to the principle of satisfying the cost and reasonable profit will be relatively lower and can be undertaken by the users in the North China where water shortage is serious. The problem of higher water price of agricultural irrigation to the north of the Yellow River can be tackled by taking measures such as "compensating agriculture by industry" according to foreign practical experiences and relevant suggestions.
文摘Traditional project effort estimation utilizes development models that span the entire project life cycle and thus culminates estimation errors. This exploratory research is the first attempt to break each project activity down to smaller work elements. There are eight work elements, each of which is being defined and symbolized with visually distinct shape. The purpose is to standardize the operations associated with the development process in the form of a visual symbolic flow map. Hence, developers can streamline their work systematically. Project effort estimation can be determined based on these standard work elements that not only help identify essential cost drivers for estimation, but also reduce latency cost to enhance estimation efficiency. Benefits of the proposed work element scheme are project visibility, better control for immediate pay-off and, in long term management, standardization for software process automation.
