Information Management to Integrate Cost and Schedule for Civil Engineering Projects

Kang, Leen Seok; Paulson, Boyd C.

doi:10.1061/(asce)0733-9364(1998)124:5(381)

Cited by 24 publications

(9 citation statements)

References 1 publication

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“…This work quickly led to the advancement of fourdimensional (4D) CAD models (linking the schedule information with 3D CAD models) in the AEC industry. More dimensions of information, like cost information, were linked to 4D CAD models to create multi-dimensional (MD) CAD models (Feng et al, 2010;Kang and Paulson, 1998;Liston et al, 1998;Waly and Thabet, 2003). Staub and Fischer (1999) demonstrated the practical needs of integrating cost, time, and scope and proposed an approach to cost planning at the activity level in a 4D environment.…”

Section: Literature Reviewmentioning

confidence: 99%

A financial decision making framework for construction projects based on 5D Building Information Modeling (BIM)

Won

Cheng

2016

International Journal of Project Management

148

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Section: Literature Reviewmentioning

confidence: 99%

A financial decision making framework for construction projects based on 5D Building Information Modeling (BIM)

Won

Cheng

2016

International Journal of Project Management

148

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“…Since the classification of construction works is vital to reliable budget, Kang and Paulson (1998) developed a classification system based on four categories, namely; facilities, Spaces, elements and operations. Subsequently, the cost and schedule is considered for each level in each category for a construction project, however, the proposed classification system is not suitable for quantity take-off in cost estimation process (Wang et al, 2016).…”

Section: Bim and Cash Flowmentioning

confidence: 99%

Cash flow system development framework within integrated project delivery (IPD) using BIM tools

Elghaish

Abrishami

Abu-Samra

et al. 2019

International Journal of Construction Management

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Cash Flow System Development Framework within Integrated Project Delivery (IPD) using BIM tools Integrated Project Delivery (IPD) endeavour to revamp AEC project outcomes through a collaborative method of regulating project stakeholders' goals through creation of a platform that provide early participants involvement and shared risk and rewards. IPD does not include a tender stage to select the optimal bid, therefore, this paper presents a methodology framework to develop a cash flow approach using BIM tools. This paper adopts Activity Based Costing (ABC), due to its ability to allocate different costs precisely to each construction process. Given that the BIM and IPD target is to achieve the best collaboration among project parties, the proposed framework backing this by displaying all estimated cost data of each package as minimum/maximum estimated cash inflow, during the buyout stage, for informed decision making. This paper extends the knowledge relating to IPD implementing process, as well as, improving cost management process based on BIM. Extant literature review highlights the gap of utilising BIM tools to develop cash flow curves, as well as the IPD cost structure requirements. To demonstrate the applicability and validity of the proposed model, it is applied to a real-life case study, which displays promising results in terms of developing IPD's cash flow management approach.

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“…Kang et al [17] for civil work; Eldin [18]; and Jung et al [3] who address cost and scheduling simultaneously. There are several international CICS, of which the most frequently used include: Masterformat [19], Uniformat II [20], the Civil Engineering Standard Method of Measurement [21], CI/SfB [22], Uniclass [23], and Omniclass [24].…”

Section: Many Researchers Have Been Working On the Development Of Conmentioning

confidence: 99%

Schedule and Cost Control in Dwelling Construction Using Control Charts

Marrero¹,

Fonseca²,

Falcon³

et al. 2014

TOBCTJ

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Methods to monitor the schedule and to control cost in dwelling construction projects are numerous and varied but commonly constitute an obstacle to a fast and agile response by construction managers, whose decisions require information to be comprehensive and summarized. A simple model to monitor these projects is proposed that can easily be implemented within control systems that are already in place. For the first time, process control charts are combined with cost control in dwelling construction in order to prevent overruns in terms of time and/or cost. The model facilitates the production supervision of construction contracts by regularly providing information on the work completed and the incurred cost of the production processes per period, through charting and/or summarizing this information in a manner consistent with statistical control charts. Finally, the manager can easily identify those processes which are off target by consulting control charts.

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Information Management to Integrate Cost and Schedule for Civil Engineering Projects

Cited by 24 publications

References 1 publication

A financial decision making framework for construction projects based on 5D Building Information Modeling (BIM)

A financial decision making framework for construction projects based on 5D Building Information Modeling (BIM)

Cash flow system development framework within integrated project delivery (IPD) using BIM tools

Schedule and Cost Control in Dwelling Construction Using Control Charts

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