Development of Cost and Schedule Data Integration Algorithm Based on Big Data Technology

Abstract

In the information age, the role of data in any industry is getting more and more important. In the construction industry, however, experts’ experience and intuition are still key determinants in decision-making, while other industries achieve tangible improvement in paradigm shifts by adopting cutting-edge information technology. Cost and schedule controls, which are closely connected, are decisive in the success of construction project execution. While a vast body of research has developed methodologies for cost-schedule integration over 50 years, there is no method used in practice; it remains a significant challenge in the construction industry. This study aims to propose a data processing algorithm for integrated cost-schedule data management employing big data technology. It is designed to resolve the main obstacle to the practicality of existing methods by providing integrity and flexibility in integrating cost-schedule data and reducing time on building and changing databases. The proposed algorithm is expected to transform field engineers’ current perception regarding information management as one of the troublesome tasks in a data-friendly way.

Supply Chain Management and Big Data Concept Effects on Economic Sustainability of Building Design and Project Planning

“…In this study, the influence of BD on the costs of managing construction projects was pointed out [17]. Another study addressed designing a data processing algorithm for integrated cost management with cost scheduling using big data technology [4]. There are also a few survey studies in the field of big data in construction [19].…”

“…These are based on previous studies' claims that big data in SCM impacts the performance of construction projects [20]. Some also specified key performance indicators such as time and cost [4,6,20,21]. When analyzing the impacts in supply chain management, it is necessary to distinguish between construction time and materials delivery time.…”

“…In recent years, it has pointed to the trend of using big data widely in all spheres of life due to the digital economy's times [3]. In addition, another study confirms and states the importance of data in construction and building design [4]. The availability of information and communication technologies presupposes that extensive data will enable the creation of new paradigms for the management of construction projects and increase the efficiency of building design and construction activities [5].…”

“…Based on the study, there is an assumption that the construction project's success are decisive factors of cost and time. These factors are closely linked and, therefore, need to be constantly monitored [4].…”

“…The claim from these studies is based on the perception of SCM and the big data concept as a technology that affects the performance of construction projects and companies. Studies addressing the benefits of exploiting show that time and cost are probably important benefits of using big data and SCM [4,6,[19][20][21]. However, these studies did not quantify the effect on the selected parameters and did not quantify the strength of the dependence of the investigated quantities.…”