Error Propagation Model for Analyzing Project Labor Cost Budget Risks in Industrial Construction

Hasan, Monjurul; Lu, Ming

doi:10.1061/(asce)co.1943-7862.0002010

Cited by 17 publications

(8 citation statements)

References 22 publications

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“…(1) Risk of changes in laws and regulations: the changes of laws and regulations related to project cost, such as the adjustment of tax base and tax rate stipulated by tax law, the change of pricing method, etc., are usually affected by the national macroeconomic regulation and control, and these risks are often unpredictable or uncontrollable risks in the valuation activities of bill of quantities. (2) Risk of changes in quantities: the more scientific the decision-making of a construction project, the more sufficient the preparatory work, and the more careful the engineering design, the smaller the change of engineering quantity in the process of construction and implementation [6][7][8].…”

Section: Design Of Project Cost Riskmentioning

confidence: 99%

Design of Project Cost Risk Management System Based on Improved Fuzzy Rule Weight Algorithm

Huang

Zhu

Shao

2021

Security and Communication Networks

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Aiming at the low accuracy of index weight calculation and risk type identification in traditional cost risk management systems, this paper proposes a project cost risk management system based on an improved fuzzy rule weight algorithm. We analyzed the types of project cost risks, adopted a three-tier technical architecture to design the system frame structure and functional organization structure of the cost risk management system, and adopted the B/S architecture for network structure deployment. In the software part, an improved fuzzy rule weight algorithm is used to calculate the weight of project cost risk indicators, thereby improving the effectiveness of risk management. Experimental results show that the designed system works well, can accurately calculate the weights of risk indicators, and can effectively identify multiple risk types.

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Section: Design Of Project Cost Riskmentioning

confidence: 99%

Design of Project Cost Risk Management System Based on Improved Fuzzy Rule Weight Algorithm

Huang

Zhu

Shao

2021

Security and Communication Networks

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“…Digitalisation is proving key for the construction industry due to values like enhanced efficiency [38], cost reduction [39], and most importantly, a significant increase in productivity [40]. Notably, the higher use of digitalisation in construction processes has been described as an enabler of collaboration and informed decisions among construction trades [41].…”

Section: Digitalisation In Constructionmentioning

confidence: 99%

A Sensemaking Perspective of Digitalisation in Construction Organisations

Zulu

Saad

2023

Sustainability

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Different researchers have examined construction innovation from diverse perspectives and with varied conclusions, but what has commonly transpired is that the construction industry is a complex and ever-changing environment that tends to have a selective perspective on innovation. Recently, digitalisation has offered critical enhancements in construction organisations’ internal processes. However, the uptake of these innovations is far from satisfactory. To integrate theory with practice, sensemaking theories provide an opportunity to help us understand and explain the social phenomenon behind achieving a common meaning across social systems. In the quest to support research efforts through understanding and explaining the enablers of digital transformation, this paper aims to qualitatively apply the sensemaking perspective to digitalisation in construction organisations. To this end, an empirical qualitative approach was adopted using a questionnaire survey of 59 construction professionals, from different firms in the United Kingdom, providing a perspective on how sense is being developed by their organisations to foster digitalisation and achieve an effective digital transformation. Results suggest that a variety of aspects contribute to the indecision of construction firms towards digitalisation, informing research of the pressure points deemed critical at both leadership and employee levels. The findings point to the complexity of construction organisations and the non-linear nature of embracing new ideas. Future research is encouraged to assess the empirically captured cues presented in this paper through other means of investigation towards a more robust sensemaking perspective in the construction industry.

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“…Technological advancements emerge to shape trails, as visualisation and simulation technologies are excelling in this direction (Iuorio et al, 2019). Moreover, the use of technologies to detect and predict uncertainties of MMC has been recorded in literature (Hasan and Lu, 2021). For instance, uncertainties like the breakdown of manufacturing machines and lead times for delivery and assembly .…”

Section: Literature Review and Theoretical Underpinningmentioning

confidence: 99%

“It's your fault!” – said a public client to modernity advocates: an exploration of UK public sector’s viewpoints on the modern methods of construction

Saad

Zulu

Dulaimi

2023

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Purpose The staggering demand for construction projects to meet a spectrum of public needs is projected to outstrip the industry’s supply capability. The modern methods of construction (MMC) offers wider control due to shifting key construction processes offsite. Public clients play a significant role due to their purchasing power; however, their uptake of MMC is low, despite the benefits. The purpose of this study is to reveal the reasoning behind such low adoption. The research gap, herewith, is our lack of understanding of the influence of public clients perceptions on their adoption’s indecision. Design/methodology/approach This study used a qualitative approach to investigate the motives behind the public sector’s low MMC adoption. Semi-structured interviews with 14 of the United Kingdom’s public sector decision-makers, industry leaders and experts have been conducted. Perspectives were argued against the diffusion of innovation (DOI) theory. Findings Overall, the innovation’s attributes informed the authors of the positive perceptions from the public sector, demonstrating that the low adoption of MMC is not linked to any embedded issues with the innovation itself rather being predominantly related to the dynamics between supply and demand. The former (supply), reflected a failure in communicating confidence, and the latter (demand), attained characteristics that are limiting wider uptake. Originality/value To the best of the authors’ knowledge, this is the first study to apply the DOI theory to reveal the relationship between UK public clients’ perceptions and their decision-making. Moreover, this paper addresses the scant attention to the use of theories to explain the flow of innovations in the construction context.

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Error Propagation Model for Analyzing Project Labor Cost Budget Risks in Industrial Construction

Cited by 17 publications

References 22 publications

Design of Project Cost Risk Management System Based on Improved Fuzzy Rule Weight Algorithm

Design of Project Cost Risk Management System Based on Improved Fuzzy Rule Weight Algorithm

A Sensemaking Perspective of Digitalisation in Construction Organisations

“It's your fault!” – said a public client to modernity advocates: an exploration of UK public sector’s viewpoints on the modern methods of construction

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