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.

Research on Intelligent Cost Estimation of Engineering Foundation Projects Based on CSIs Theory

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.

Engineering geological classification of the structural planes for hydroelectric projects in Emeishan Basalts

The scale and characteristics of rock mass are important indexes of the rock mass structural plane classification. This paper firstly analyzes the spatial distribution characteristics, the structural plane types （original structural plane, tectonic structural plane and hypergenic structural plane） and the associated features of the Emeishan basalts and then studies the classification schemes of the built hydropower structure planes of different rock areas （the east district, the central district and the west district） in the Emeishan basalt distribution area, Southwest China. Based on the analysis and comparison of the scale and the engineering geological characteristics of the typical structure planes in the basalt hydroelectric Stations, the types of structural planes are used in the first order classification. The secondary order classification is made by considering the impact factors of rock mass quality, e.g., the state of the structural planes, infilling, joint opening, extending length, the grade of weathering and strength. The engineering geological classification for Emeishan basalt is proposed. Because there are no evidences of a large structure presenting in study area, the first-order （Ⅰ） controlling structural planes do not appear in the classification, there only appear Ⅱ, Ⅲ, Ⅳ and Ⅴ grade structural planes influencing the rock-mass quality. According to the different rock-block types in bedding fault zone, the second-grade （Ⅱ） structural planes consisted of bedding fault zone is further classified into Ⅱ1, Ⅱ2 and Ⅱ3. The third-grade （Ⅲ） structural planes constructed by intraformational faulted zones are not subdivided. According to the different characteristics of intrusion, alteration and weathering unloading structural planes, the Ⅳ grade structure plane is divided into Ⅳ1, Ⅳ2 and Ⅳ3. According to the development characteristics of joints and fractures, the V grade structure plane is divided into fracture Ⅴ1 and columnar joint Ⅴ2. In all, the structural planes are classified into four groups with nine subsets. The research proposes the engineering geological classification of the structural plane for the hydropower project in the Emishan basalts, and the result of the study has a potential application in similar regions.

Perceived Benefits of Using Value Engineering on Road Projects in Ghana

The need for Optimum Value benefit realization on Road Projects in developing countries has become topical. While the traditional Cost Control project management process only aligns actual costs with budgeted costs, Value Engineering (VE) is a sustainable and systematic innovative methodology for establishing the best functional balance among desired features of a project. A Value Engineering (VE) study was conducted with the aim of examining the benefits associated with its use on Road Projects in Ghana. This study employed a two-stage research procedure: desk study and field research. The literature review identified the Optimum Value benefits associated with VE road project management technique as increased Confidence Level in Contract Compliance, reliable Implementation Level of Construction Delivery and enhanced Effectiveness Level of Project Sustainability. A quantitative survey research design based on a purposive sampling technique of selecting respondents was adopted. Employing closed-ended questions, 40 sets of questionnaires were issued to professionals in Road Infrastructure and Support Agencies (RISA) under the Ministry of Roads and Highways (MRH) in the Eastern Region of Ghana. At a response rate of 85%, descriptive statistical analysis (Means, Standard Deviations and Variances) and inferential statistical analysis of variance (ANOVA) test were used to process the data and determine whether there was any significant difference between VE benefit parameters and the groups of respondents. The results revealed that road professionals are familiar with the VE process but solely use Cost Control project management technique. Road professionals recognized the high Optimum Value benefits of professionally ethical Contract Compliance, efficient Construction Delivery and functionally viable Project Sustainability on VE road project management process.

Research on Risk Evaluation Method for International Engineering Projects

Risk evaluation is one of the important elements of international engineering project management. The risk factors of international engineering projects are systematically analyzed from multiple dimension features of the projects. The muhilayer evaluation index system for the international engineering project risk assessment is proposed and constructed, which consists of 8 I-grade indexes and 24 II-grade indexes as policy risk, market risk, resource risk, and technical scheme risk, schedule risk, funding risk, personnel risk and management risk. And then the self-evaluation and benchmarking evaluation methods are applied to evaluate the international engineering project risk, and established the corresponding mathematical models. Finally, a project evaluation example is given to illustrate the applicability and effectiveness of the mathematical models.

Process-oriented knowledge-sharing platform for chemical engineering design projects

A process-oriented knowledge-sharing platform is studied to improve knowledge sharing and project management of chemical engineering design enterprises. First, problems and characteristics of knowledge sharing in multi-projects of chemical engineering design are analyzed. Then based on theories of project management, process management, and knowledge management, a process-oriented knowledge-sharing platform is proposed. The platform has three characteristics: knowledge is divided into professional knowledge and project management knowledge; knowledge sharing is integrated with the project process, which makes knowledge sharing a necessary part of the project process and ensures the quantity of knowledge shared; the platform provides quantitative measurements of incentive mechanisms for knowledge providers and users which ensures the quality of knowledge shared. This knowledge-sharing platform uses two knowledge management tools, a knowledge map and a knowledge base, to support the platform.

A Mathematical Model Based on Supply Chain Optimization for International Petrochemical Engineering Projects

Based on the study of supply chain(SC) and SC optimization in engineering projects, a mixed integer nonlinear programming(MINLP) optimization model is developed to minimize the total SC cost for international petrochemical engineering projects. A steam cracking project is selected and analyzed, from which typical SC characteristics in international engineering projects in the area of petrochemical industry are summarized. The MINLP model is therefore developed and applied to projects with detailed data. The optimization results are analyzed and compared by the MINLP model, indicating that they are appropriate to SC management practice in engineering projects, and are consistent with the optimal priceeffective strategy in procurement. As a result, the model could provide useful guidance to SC optimization of international engineering projects in petrochemical industry, and improve SC management by selecting more reliable and qualified partner enterprises in SC for the project.

Analysis of Construction Duration and Cost for Public Sector Civil Engineering Projects in Libya

Public construction project data were analyzed to develop models for the actual construction duration and actual cost. Based on 50 civil engineering projects in Libya from the database of the Great Man-Made River System 1992-2009, the models identified extension as a main factor that affecting both the actual duration and cost of a project, while considering the contract cost and contract duration as fixed for the project. The suitability of each model was confirmed by examining RMSE (root mean squared error), NSE (Nash-Sutcliffe efficiency), and MEF (modeling efficiency factor). The models were validated with data from 17 different projects. The validation of both models demonstrated that models are very practical and accurate. The models are very effective in capturing the uniqueness of Libyan construction industry practice.

Application of Anti-seepage Technology in the Construction of Hydraulic Engineering Projects

With the development of China's economy,the implementation scale and scope of hydraulic engineering projects are increasing,and the application of anti-seepage technology has an important influence on the construction quality of hydraulic engineering.In this paper,the significance and problems of the application of anti-seepage technology in the construction of hydraulic engineering projects were mainly analyzed,and specific application strategies were proposed.

Comparing the bullwhip effect under different inventory policies in engineering project supply chains

Measuring bullwhip effect is useful for making better controls on production planning and enhancing the supply chain operating efficiency.First,this article establishes the comparative analysis model of bullwhip effect between(s,S)and Periodic Review(PR)inventory policy based on the quantitative bullwhip effect model under different inventories.Then,the impacts of lead time,inventory review time,autocorrelation coefficient,and the number of samples on the gap of bullwhip effect under(s,S)and PR IP are analyzed.The results show that bullwhip effect in PR is more intense than(s,S)inventory policy.Contractors should pay more attention to control bullwhip effect when adopting PR inventory policy to enhance the total operating efficiency of the engineering project supply chains.

Development and Experience of“Software Project Practice”Course for the Master of Software Engineering

Practice is an important phase in the teaching of software engineering.How to improve students' practical ability is a common problem for many software colleges.The course of Software Project Practice is proposed to enhance students' practical skills.In this course,the students participate in the whole process of software development practice and take the exercise of entrepreneurial project development in their learning stage.

Fringe Projection Measurement System in Reverse Engineering

Acquisition of physical data with high precision is a key step in reverse engineering (RE). It is an important stimulative for the progress of reverse engineering with which various digitizing devices are invent ed, developed and made applicable. This paper introduces a three dimensional opt ical measurement method based on digital fringe projection technique in RE to im prove the technique through its application. A practical example is presented an d the result demonstrates the applicability and feasibility of the measurement s ystem as well as the reliability and validity of relevant methods and algorithms .

A Review on the Role of Risk Management (RM) and Value Engineering (VE) Tools for Project Successful Delivery

Both in developed and in developing countries, the construction industry is regarded as an economic investment activity without forgetting its significant relationship with national economic development due to its great contributions to the national gross domestic product (GDP) of the country. Concerning construction processes, both risk management (RM) and value engineering (VE) techniques have commonalities from the beginning up to the completion of the project due to enhancing the project value/quality, meeting the project deadline, and reducing overall project cost. VE includes resolving the uncertainty of project objectives and ensuring that the project is delivered in a value for money way. The key point of RM is to solve the uncertainty of the project itself and its results to ensure that the specifications are achieved within the prescribed time, cost, and quality constraints. This review work is comparatively and collectively focused on assessing the role of RM and VE tools for project successful delivery. It studies the points of difference and common features of the two aspects in terms of construction project delivery. So, this study concluded that in construction RM tool cannot be the chief aim of the all parties involved in the project execution because sometimes it produces itself negative results and reduces project management success. Therefore, RM needs a strong combination with VE due to the dependence of the target in identifying and assessing risks by considering the highest performance and lowest cost. The integration of RM and VE combination in a single study would avoid duplication of work and deliver better value for money thereby leading to better project outcomes.

SDWAN (Software Defined-WAN) Network Engineering and Project Management

Many organizations are struggling to provide high bandwidth and reliable internet connectivity at their branch offices and business locations and getting the most out of their operational expense.The need for internet connectivity at any branch offices and business locations is not a luxury anymore but is a necessity.Let us try to understand how to plan and document the SDWAN(Software Defined-Wide Area Network)implementation in an organization.We will try to understand why it is essential to implement the new technology instead of investing in the existing MPLS(Multi-Protocol label switching)by taking an example of a retail organization.Methods:This project/research was performed using the abilities of Software Defined Network Technology and options available in MPLS(Multi-Protocol Label Switching).The Technical Project management principles were adopted as per PMI(Project Management Institute)waterfall methodology.Results/Conclusion:SDWAN technology provides an effective replacement of MPLS network connection for providing WAN connectivity for our office locations.It is essential to follow a documented process for appropriate vendor selection based on the available features and other listed attributes in the article.To be successful in the implementation it is essential to perform a POC(Proof of Concept)in a controlled environment and validate results.SDWAN provides better network performance and improves reliability as the links operate in active-active function.

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.

Construction of the Curriculum System of Software Engineering Based on the Agile Development Method

Under the background of“new engineering”construction,software engineering teaching pays more attention to cultivating students’engineering practice and innovation ability.In view of the inconsistency between development and demand design,team division of labor,difficult measurement of individual contribution,single assessment method,and other problems in traditional practice teaching,this paper proposes that under the guidance of agile development methods,software engineering courses should adopt Scrum framework to organize course project practice,use agile collaboration platform to implement individual work,follow up experiment progress,and ensure effective project advancement.The statistical data of curriculum“diversity”assessment show that there is an obvious improvement effect on students’software engineering ability and quality.

Reform of Practical Teaching of “Linux Operating System Fundamentals” Under the Background of Emerging Engineering Education

With the advancement of the construction of emerging engineering education,the reform of practical teaching has become an important task of higher engineering education.This article takes the course“Linux Operating System Fundamentals”as an example to explore practical teaching reform in the context of emerging engineering education.By analyzing the current situation and problems in course practical teaching,we proposed practical teaching reforms such as online experiments,practical content updates,project-based engineering practices,and diversified evaluation models,and designed corresponding implementation plans.Practice has proved that this reform can improve students’learning interest and engineering practical skills,and cultivate outstanding engineers with innovative spirit and practical skills.

Project Systems Engineering for Developing Space Robots

Space robots possess unique distinguishing features unlike general robots on earth, due to the particular environments in space. The developing of various practical space robots promoting the improvement of space science and technology is a complex man-machine-environment engineering problem. This paper analyses from the systems engineering viewpoint the space robot system in the scope of the architecture of robotics discipline, space environment characteristics, man-machine-environment system of space robots, the general methodology of project systems engineering and the process of space robot systems engineering.

Application of Three-Dimensional Visualization Technology in Project Management of Offshore Platform Engineering Construction

Three-dimensional visualization technology converts engineering design drawings and data into graphics or images, realizes virtual reality perception of simulated users in future construction scene, enhances the interaction between project management and technical personnel and engineering construction achievement, and provides intuitive, flexible and strong realistic experience for project management. It can effectively improve the level of project communication, and assist the needs of project construction planning management, training, exhibition, etc. As a tool to help improve project management skills, it has good application effect and prospects.