2002Korean Journal of Construction Engineering and ManagementRequires access

Analysis of Actual Duration by Effecting Elements to Duration Estimate - Focused on Standard Duration of the Office Building Construction -

Hwang Hyo-Sang, Kyungrai Kim, SangWook Suh, Kim Chang-Duk, Dong-Woo Shin

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Abstract

It is important to reduce construction duration in private sales and lease business for management of cash now in the owner's aspect. However, because the concept of standard duration hasn't been established in the domestic construction industry, it is difficult to present the standard of duration estimate. To solve this problem, this paper (1) grasped the effecting elements considered in the duration estimate through referring the existing literature related to the schedule management, (2) accomplished a comprehensive research on actual duration based on office buildings through the questionnaire survey and the expert interview, (3) presented the collected research data analyzed by effecting elements as standard duration, (4) compared standard duration with actual duration of countries advanced in construction projects as well as analyzed them, and then (5) raised the necessity of duration reduction in the domestic construction industry

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What this paper is about

It is important to reduce construction duration in private sales and lease business for management of cash now in the owner's aspect. However, because the concept of standard duration hasn't been established in the domestic construction industry, it is difficult to present the standard of duration estimate. To solve this problem, this paper (1) grasped the effecting elements considered in the duration estimate through referring the existing literature related to the schedule management, (2) accomplished a comprehensive research on actual duration based on office buildings through the questionnaire survey and the expert interview, (3) presented the collected research data analyzed by effecting elements as standard duration, (4) compared standard duration with actual duration of countries advanced in construction projects as well as analyzed them, and then (5) raised the necessity of duration reduction in the domestic construction industry

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Available abstract

It is important to reduce construction duration in private sales and lease business for management of cash now in the owner's aspect. However, because the concept of standard duration hasn't been established in the domestic construction industry, it is difficult to present the standard of duration estimate. To solve this problem, this paper (1) grasped the effecting elements considered in the duration estimate through referring the existing literature related to the schedule management, (2) accomplished a comprehensive research on actual duration based on office buildings through the questionnaire survey and the expert interview, (3) presented the collected research data analyzed by effecting elements as standard duration, (4) compared standard duration with actual duration of countries advanced in construction projects as well as analyzed them, and then (5) raised the necessity of duration reduction in the domestic construction industry

Key concepts: Duration (music), Lease, Schedule, Cash, Engineering, Operations management, Operations research, Computer science

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