From architects’ and engineers’ dream to the final coat of paint, construction is responsible for many of our noblest works and for some of our most humble. The scope of the industry today is immense: from suburban homes to 100-story skyscrapers; from city sidewalks to dams and tunnels for irrigation and hydroelectric power etc. For better or worse, the constructed environment is among the most ubiquitous and pervasive factors in our lives.
Most construction projects begin with recognition of a need for a new facility. Long before designers start preparing drawings and certainly well before field construction can commence, considerable thought must go into broad-scale planning. Elements of this phase include conceptual analyses, technical and economic feasibility studies, and environmental impact report.
For example, location is fundamental to planning for a new industrial plant. Where can the plant can be located to provide desirable, nearby employment for an adequate supply of skilled and productivities workers? What are the present and projected costs and customs associated with the labor force? Depending on the natural of its raw materials in put and its products, will the plant have access to the most appropriate and economical forms of transportation, be they air, water, highway, rail or pipeline? Does the local provide access to raw material and to market? Are there adequate sources of energy, including gas, oil, and electricity; and are there convenient communication facilities? What political or institutional factors may ease or impede development and operation of facility? What will be the sociological and economic impact of this plant on the community? What will be environment impact? What do all these factors taken as a whole, mean for the technical and economic feasibility of the project? Perform the feasibly study to ensure the effectively of the project.
Mr. Dang Viet Cuong made a study which addressed the limited factors affecting the economic efficiency in the work of the project feasibility study and proposals, solutions to ensure effective project. Including the issues such as the following:
Select location and content requirements of the Project Owner
Market Research Project
Solutions of design
The related costs
His study deeply analyzed how the plans of design influence to efficiency of the project and make appropriate recommendations, adjustments to ensure the economics of the project. The purpose of his research was to systematize the implementation of setting up the investment projects started from the selection of location, market research, solution design and construction measures for the purpose of ensuring economic efficiency project.
Conclusion
Based on the market studies of the project, requirements of investors as well as the solution design, the difficulties and advantages of the project are evaluated as follows:
Difficulties:
- The efficiency of hotel investment project is low
- The Scale of works is large and complex. So process requires well-organized of security, sanitation, management.
- Features links between building blocks reduce privacy and about the process for green to win.
- The costs of maintaining the fitness center, swimming pool and sauna will be very high: Costs of swimming pool maintenance, costs of sanitary pipe, personnel costs of continuous inspection and maintenance of sanitation in areas.
Advantages:
- Characteristics of the population: there is area of developed community, higher living conditions.
- Large scale projects will help to achieve a better deal and reduce maintenance costs per unit area.
- The ability to combine and save costs if we use and share the system control, security, administration ... between the works together.
- To ensure the economic efficiency of the project, we should focus on two main issues as follows:
Development orientation of the project:
- It’s necessary to have a scientific and long-term orientation for the entire project in accordance with the assessment, analysis of market demand to avoid given the subjective, impulsive orientation.
- This project is only made the security design and costing investment but not to set up the business plan and for the restore process. This is very important and must be been studied from the beginning to achieve synchronism for project.
Research the safety design
1. The Underground:
- Redistribute the land boundary between the office block, apartment, hotel (from basement to ground floor) and determine the use of each function areas.
- Review technical planning area, M & E.
- Divide the number of parking spaces to fit over the block.
2. The Hotel:
- Change of use from hotels to apartments to suit the needs of the market.
3. The Office:
- Necessary to determine a standard office class A or B in order to have adequate choice in types of materials complete
- Adjust the design to increase the use of performance floor – Office area with the aim of achieving the efficiency 85%.
4. The Apartment:
- Adjust the design to increase the use of performance floor - Apartments aiming to achieve the efficiency 85%.
- Adjust the structure, proportion and number of apartments to suit the market demand. Specifically reduce the number of large apartments, increase the number of apartments under 120m2 to suit the large segment of the market.
- Decrease the investment rate to reduce the price, which increase the liquidity to meet the needs and generate greater attention for the product of apartment projects
ABSTRACT
The major task in Hanoi’s plan is concentrated to the investment, construction and development of the Capital to be a civilized urban, including basic completion of ring roads No.3, three big bridges crossing Red river, construction of some urban railways, continuous development of new and modern urban areas to the South, investment of new urban areas on the West West Lake and improvement of old apartment buildings. Furthermore, the construction of new urban areas on the North of Red river, development of water drainage plan, phase II shall also be taken into account. Five concentrated urban sewage treatment plants shall also be constructed and set into operation.
Beside above-mentioned important projects, Hanoi shall also concentrate on developing the service branches and fields as: tourism, trading, finance, banking, science and technology, public health, education and training, public transport and consulting services.
Developing solution: preparing to implement the service commitments within framework of ASEAN - WTO; constructing the development project of 4 types of markets including: capital market, stock market, real estate market, science and technology market and labor market; constructing cooperation mechanism between Hanoi and central, provincial organs and cities in the whole countries; to provide favorable conditions in terms of administrative procedures, investment policies for enterprise to develop their services.
The city is calling the foreign investment to high quality services, to meet more than FDI-funded 30% capital; to utilize efficiently the investment, trading and tourism promotion activities through great International events which are organized in the capital and cooperation programs of Hanoi with big cities in the world to extend the high quality service market and transfer of technology and human resource training.
The City is implementing the support policy, cost cutting, enhancement of competitive capacity of businesses; to help the businesses to construct, develop and broadcast the trademark; to encourage and honor the enterprises with effect business. The periodical dialogue between City and enterprise leaders shall be committed to annually organize to solve the difficulties in investment, to meet the development requirement of the Capital.
Some major development criteria to 2010:
+ Annual average GDP growth speeds from 2006-2010: reaching 11-12%.
+ The export turnover growth speed: from 15-17%/year.
+ Social investment growth: 17-20%/year.
+ Telephone density: 85-95 telephone/100 people.
+ Scale of population: from 3.6 million to 3.7 million people.
+ The rate of pour decrease to below 1%.
+ Averagely urban residence 9-10m2/person.
+ Urban fresh water supply 140-160 liter/person/day-night.
+ Public transport meeting 30-35% people’s demand.
Hanoi is proud to be a wealthy economy, with young & active human resources having great aspiration of their city and country, as well as an environment with more and more increasing encouragement policy though it is still on development.
In the stable economics and consumption development, the need on properties is more and more increasing with remarkable speed. Due to the increasing income, the demands on better accommodation, commodities and recreation goods also increase. The interest of foreign foreign enterprises in making business in Vietnam also more and more increases, especially when Vietnam has become a WTO member. As a result, it leads to the urgent and great demand on high-quality Office, Residence and Hotel.
Therefore, the development of high-grade International-standard senior Hotel, Office and Apartment in Hanoi is very essential and with economic efficiency. By this way, it contributes to bring the comfort to foreign investors to Vietnam, meeting the necessary demand to social life. Concurrently, project also contributes to develop the Vietnam tourism, enhances the cultural exchange between Vietnam and Countries all over the world, as Vietnamese Government’s opinion, to widen both domestic and foreign exchanging and cooperation relationship. Moreover, the participation of foreign enterprises in general and project in particular will contribute an income to State budget and provide work opportunity for Vietnamese labors, and indirect contribution to social stabilization.
This thesis will address the limited factors affecting the economic efficiency in the work of the project feasibility study and proposals, solutions to ensure effective project.
Tuesday, 15 June 2010
Monday, 14 June 2010
Practices Of Contractor Schedule/Cost Planning And Control
Since 1950s, project management has been acknowledged as an important methodology for planning, organizing, coordinating, monitoring and controlling project implementation in the United State with the development of network techniques such as CPM (Critical Path Method) and PERT ( Project Evaluation and Review Technique). Project management principles, methods and tools are effectively used to manage projects in all industries.
A project planning and control is a process that the project team intends to follow to realize the project objective. In today’s business environment, where the projects are constrained by aggressive deadline and limited resource availability, project manager need practiced, “best skill” skills and tools in project planning and control. It also involves the comparison of actual progress with the planning. The benefits of Project planning and control is more likely to lead to success and is more cost-effective than a “just do it” approach. It develops greater mutual understanding and more commitment to achieving the objectives within the project team. Project plan provides an “early warning system” so that problems identified while there is still time to do something about them.
In Vietnam, almost resettlement projects funded by government are delayed and had cost overrun because effective project management method is not provided. By case study analyses and comparisons to literature review, the objective of report tend to identify the strengths, weakness, and consequence for practices of contractor schedule/cost planning and control in construction project management.
Mr. Bui Van Cuong made a study about the practice approaches of contractor schedule/cost planning and control – a case study of resettlement high-rise building projects in Ho Chi Minh City since applying modern project management techniques in high-rise building which funded by government is very difficult.
The objectives of Mr. Cuong’s study were to: (1) investigate the practice of contractor schedule/cost planning and control in resettlement high-rise building project; (2) analyze the practices to find the strengths, weaknesses and consequence of practices schedule/cost planning and control; and (3) propose recommendation for improvement of project planning and control in resettlement high-rise building project.
It is important to explore the practice of contractor schedule/cost planning and control. Therefore, this study carried out to increase a better understanding of schedule/cost planning and control systems, and how can be applied it effectively in construction projects.
The project expands and cost overrun by reasons that investigated in resettlement high-rise building projects as shown in the table below.
Conclusion
Professional project management in the construction industry is a relatively new field in Vietnam so that the knowledge in this field is less common, especially in state own company. Almost project funded by government is schedule delay and cost overrun because of lacking effective application project management. This is a matter of great concern so that Project manager in Viet Nam have been recognizing the effective application project management for successful project implementation and are looking forward to receiving technology transfer associated with training and consulting in this area of expertise.
Investigation for practices of contractor schedule/cost planning and control
A project success or failure depends very much on knowledge of applying project planning and control where schedule/cost planning and control is one of the factors that project managers have a lot of interest. By analyzing the strength, weakness, and consequence for practices of schedule/cost planning and control in resettlement high-rise building project funded by government, we can identify that the reasons cause schedule delay and cost overrun is lack of knowledge for using proven principles and methodologies of modern project management techniques to manage project implementation. In conclusion, I want to emphasize that Work breakdown structure (WBS), Critical path method (CPM), and Earned value method (EVM) are very important and useful methods for schedule/cost planning and control that support efficiency for project managers in project planning and control. This study finds the strengths and weaknesses of schedule/cost planning and control, the results show as the table below:
Recommendation
Re-evaluated current project practices, which in many case, resulted in schedule/cost planning and control in project implementation and explore the possibility of training for weak areas. Encourage professional with experience in project management to explore ways to fund and put in place a specialized body of knowledge, potential certification program and cooperate with world’s project management community for the advancement of professional and its disciplines.
The table below shows the recommendation to improve the practices of contractor schedule/cost planning and control.
His thesis abstract is copied and posted
ABSTRACT
Nowadays, construction market is growing rapidly in Vietnam so that the needs of knowledge of professional project management are very necessary. Many high-rise building construction projects funded by government are implemented using traditional method for project management. Lacking of knowledge of applying the proven principles and methodologies of modern project management techniques is one of the reasons that cause project delay and cost overrun .Schedule/cost planning and control is one of the factors that project managers have a lot of interest. By investigating and analyzing the strength, weakness, and consequence for practices of contractor schedule/cost planning and control in resettlement high-rise building project funded by government, the result show the reasons cause schedule delay and cost overrun are the method delivery, using professional project management software, and lack of modern project management knowledge of Vietnamese project manager. Therefore, the government should encourage professional with experience in project management to explore ways to fund and put in place a specialized body of knowledge, potential certification program and cooperate with world’s project management community for the advancement of professional and its disciplines.
A project planning and control is a process that the project team intends to follow to realize the project objective. In today’s business environment, where the projects are constrained by aggressive deadline and limited resource availability, project manager need practiced, “best skill” skills and tools in project planning and control. It also involves the comparison of actual progress with the planning. The benefits of Project planning and control is more likely to lead to success and is more cost-effective than a “just do it” approach. It develops greater mutual understanding and more commitment to achieving the objectives within the project team. Project plan provides an “early warning system” so that problems identified while there is still time to do something about them.
In Vietnam, almost resettlement projects funded by government are delayed and had cost overrun because effective project management method is not provided. By case study analyses and comparisons to literature review, the objective of report tend to identify the strengths, weakness, and consequence for practices of contractor schedule/cost planning and control in construction project management.
Mr. Bui Van Cuong made a study about the practice approaches of contractor schedule/cost planning and control – a case study of resettlement high-rise building projects in Ho Chi Minh City since applying modern project management techniques in high-rise building which funded by government is very difficult.
The objectives of Mr. Cuong’s study were to: (1) investigate the practice of contractor schedule/cost planning and control in resettlement high-rise building project; (2) analyze the practices to find the strengths, weaknesses and consequence of practices schedule/cost planning and control; and (3) propose recommendation for improvement of project planning and control in resettlement high-rise building project.
It is important to explore the practice of contractor schedule/cost planning and control. Therefore, this study carried out to increase a better understanding of schedule/cost planning and control systems, and how can be applied it effectively in construction projects.
The project expands and cost overrun by reasons that investigated in resettlement high-rise building projects as shown in the table below.
Conclusion
Professional project management in the construction industry is a relatively new field in Vietnam so that the knowledge in this field is less common, especially in state own company. Almost project funded by government is schedule delay and cost overrun because of lacking effective application project management. This is a matter of great concern so that Project manager in Viet Nam have been recognizing the effective application project management for successful project implementation and are looking forward to receiving technology transfer associated with training and consulting in this area of expertise.
Investigation for practices of contractor schedule/cost planning and control
A project success or failure depends very much on knowledge of applying project planning and control where schedule/cost planning and control is one of the factors that project managers have a lot of interest. By analyzing the strength, weakness, and consequence for practices of schedule/cost planning and control in resettlement high-rise building project funded by government, we can identify that the reasons cause schedule delay and cost overrun is lack of knowledge for using proven principles and methodologies of modern project management techniques to manage project implementation. In conclusion, I want to emphasize that Work breakdown structure (WBS), Critical path method (CPM), and Earned value method (EVM) are very important and useful methods for schedule/cost planning and control that support efficiency for project managers in project planning and control. This study finds the strengths and weaknesses of schedule/cost planning and control, the results show as the table below:
Recommendation
Re-evaluated current project practices, which in many case, resulted in schedule/cost planning and control in project implementation and explore the possibility of training for weak areas. Encourage professional with experience in project management to explore ways to fund and put in place a specialized body of knowledge, potential certification program and cooperate with world’s project management community for the advancement of professional and its disciplines.
The table below shows the recommendation to improve the practices of contractor schedule/cost planning and control.
His thesis abstract is copied and posted
ABSTRACT
Nowadays, construction market is growing rapidly in Vietnam so that the needs of knowledge of professional project management are very necessary. Many high-rise building construction projects funded by government are implemented using traditional method for project management. Lacking of knowledge of applying the proven principles and methodologies of modern project management techniques is one of the reasons that cause project delay and cost overrun .Schedule/cost planning and control is one of the factors that project managers have a lot of interest. By investigating and analyzing the strength, weakness, and consequence for practices of contractor schedule/cost planning and control in resettlement high-rise building project funded by government, the result show the reasons cause schedule delay and cost overrun are the method delivery, using professional project management software, and lack of modern project management knowledge of Vietnamese project manager. Therefore, the government should encourage professional with experience in project management to explore ways to fund and put in place a specialized body of knowledge, potential certification program and cooperate with world’s project management community for the advancement of professional and its disciplines.
Thursday, 10 June 2010
The Green Building: Issues, Approach and Implementation
Nowadays, sustainable development is the popular knowledge and the real trend on the world due to the need of human’s responsibilities to the environment and green building in construction industry is also a part of this. However, this area is still the new thing for developing countries as Vietnam. There are many people talking about the green or sustainability but it’s very difficult to understand thoroughly what it really is and how to implement in each case.
In green building, there are many important stages to achieve the green result. Among of them, design stage can be considered as the most important one to lead all to the needs. Because of the limitation of this study, it only tries to focus things from concept to design stage for green building and how to implement the green building assessment.
The aim of the green building is to reduce the negative impact to the environment. In another word, it’s also to conserve the natural resource. In order to achieve this aims, the projects must be designed as well as it can maximize the energy saving and minimize the cost for construction by using less energy & water.
As the result, all stakeholders of the project need to understand thoroughly what the green is and how to implement it during the project life cycle – especially from the concept to design stages that will affect strongly the next stages.
Furthermore, one building can only be called the green once it is certificated by an independent third party with a rating system.
Mr. Nguyen Huynh Trung Hai made a study which aimed to: (1) identify what drives green projects; (2) understand the basis of popular green building rating systems – especially the BCA Green Mark system (Singapore); (3) study barriers and benefits of green building project in Vietnam; and to suggest the solutions for the barriers; and (4) propose a framework to implement green building in Vietnam.
Conclusions
The Green building in Vietnam construction industry
Based on the issues and problems discussed, it can be said that green building will be the trend and good strategy for developers, consultants and others in Vietnam.
Go along with green buildings, there 4 benefits such as:
1. long-term economic
2. productivity
3. the marketing
4. Moreover, the biggest benefits are the good supporting for environment and health for people’s working and living.
With the BCA Green Mark (Singapore) for green building assessment, it can be considered a good and suitable system to apply in Vietnam. In BCA, main requirements and criteria for the building are:
1. Energy efficiency
2. Water efficiency
3. Environmental protection
4. Indoor environment quality
5. Other green feature
The challenges in implementing the Green building
Beside the benefits as mentioned above, the implementation in every country will have the different challenges. In Vietnam, they will become more difficult such as: lack of the knowledge in terms of technique and technologies because of no previous green building like this.
Among the challenges, the key issue is the higher cost for the green project. Moreover, now is the time of economy going down, so this issue is really serious and it’s very difficult to attract the investors and others who want to joint in the green building. In generally, some main barriers in green building are:
1. Lack of technical and technology
2. Initial cost
3. Real life experience and non-educated green for people
Therefore, project management and the whole project team should have the good project plans to lead the project based on the owner and market needs.
What drives green projects?
From the case study and literature review, there are some main factors that will drive the Green building to success such as: the owner’s project requirements and motivation use the concept of commission and integrated design process, effective execution.
Recommendations
For the green building in this report
After studying the theories and the case study with the problems, issues and how to implement the green building in Vietnam, the recommendations for effective green building as follow:
• In the developing country as Vietnam, the green building is the new knowledge for most of people. Moreover, within the economic condition, the higher cost will be the serious barrier to attract the developers and other. So the problem is what the way to solve this issue. The most effective solution is the support from the government and community in term of the money. They can be the good tax and special permit with short time approval to encourage the developers and others.
• Vietnamese construction law should have the basic requirements to catch up the environment issues as the global trend.
• The government and community have to find the way to popularize the green concept for all residence understanding it basically.
• With the tropical weather and environment, Vietnam has a lot of natural material such as bamboo, refined brick… with very cheap price, present everyplace and can be reused to avoid the impact to the environment. So we have to consider this in spite of using the import material.
• Combine the concept of eco-design – more concern about the aspects of architectural design – and the technique, technologies – concern about the mechanical aspect - will make the green building more effective.
• The developer should select the good project team with the green experience and local condition that will affect the project to avoid, reduce and eliminate the risk for the project.
• All participants who want to join in the green building should start to think about the green with the long-term benefits. Especially this will be the key for the developers who understand what they want and invest their money directly into the projects.
• All project team should study for their own knowledge of the green building.
Finally, the green building requires a high quality. Moreover, with very complicated parties involved, the project management and project team should have a clear, concise organization, roles, duties and responsibilities to avoid the confusing and conflicts. Otherwise, the overrun of time and cost will happen.
His thesis abstract is copied and posted.
Abstract
Nowadays, the sustainable development is the necessary and urgent trend for the global environment. Acting as one of the main parts of economic, construction industry also take part in responsibility for protecting the environment through the building designed with low-impact to environment. With the green building, there are many benefits to the environment and as the result, it’s also good for human working and living in life. Because of the limitation of time and scope, this report only try to explore the main issues in the implementation of green building assessment system – especially the BCA Green Mark – in construction environment in Vietnam. Maybe the BCA Green Mark implemented for the case in this study is not popular in the world as other such as LEED, BREEAM, CASBEE… but at least it can explore the typical issues in the green building. From that case, we can learn some helpful lessons and use them as the historical data and references for other green buildings.
Keywords: Environment, Responsibility, Protecting, The environment, Building Designed, Low-impact, Implementation.
In green building, there are many important stages to achieve the green result. Among of them, design stage can be considered as the most important one to lead all to the needs. Because of the limitation of this study, it only tries to focus things from concept to design stage for green building and how to implement the green building assessment.
The aim of the green building is to reduce the negative impact to the environment. In another word, it’s also to conserve the natural resource. In order to achieve this aims, the projects must be designed as well as it can maximize the energy saving and minimize the cost for construction by using less energy & water.
As the result, all stakeholders of the project need to understand thoroughly what the green is and how to implement it during the project life cycle – especially from the concept to design stages that will affect strongly the next stages.
Furthermore, one building can only be called the green once it is certificated by an independent third party with a rating system.
Mr. Nguyen Huynh Trung Hai made a study which aimed to: (1) identify what drives green projects; (2) understand the basis of popular green building rating systems – especially the BCA Green Mark system (Singapore); (3) study barriers and benefits of green building project in Vietnam; and to suggest the solutions for the barriers; and (4) propose a framework to implement green building in Vietnam.
Conclusions
The Green building in Vietnam construction industry
Based on the issues and problems discussed, it can be said that green building will be the trend and good strategy for developers, consultants and others in Vietnam.
Go along with green buildings, there 4 benefits such as:
1. long-term economic
2. productivity
3. the marketing
4. Moreover, the biggest benefits are the good supporting for environment and health for people’s working and living.
With the BCA Green Mark (Singapore) for green building assessment, it can be considered a good and suitable system to apply in Vietnam. In BCA, main requirements and criteria for the building are:
1. Energy efficiency
2. Water efficiency
3. Environmental protection
4. Indoor environment quality
5. Other green feature
The challenges in implementing the Green building
Beside the benefits as mentioned above, the implementation in every country will have the different challenges. In Vietnam, they will become more difficult such as: lack of the knowledge in terms of technique and technologies because of no previous green building like this.
Among the challenges, the key issue is the higher cost for the green project. Moreover, now is the time of economy going down, so this issue is really serious and it’s very difficult to attract the investors and others who want to joint in the green building. In generally, some main barriers in green building are:
1. Lack of technical and technology
2. Initial cost
3. Real life experience and non-educated green for people
Therefore, project management and the whole project team should have the good project plans to lead the project based on the owner and market needs.
What drives green projects?
From the case study and literature review, there are some main factors that will drive the Green building to success such as: the owner’s project requirements and motivation use the concept of commission and integrated design process, effective execution.
Recommendations
For the green building in this report
After studying the theories and the case study with the problems, issues and how to implement the green building in Vietnam, the recommendations for effective green building as follow:
• In the developing country as Vietnam, the green building is the new knowledge for most of people. Moreover, within the economic condition, the higher cost will be the serious barrier to attract the developers and other. So the problem is what the way to solve this issue. The most effective solution is the support from the government and community in term of the money. They can be the good tax and special permit with short time approval to encourage the developers and others.
• Vietnamese construction law should have the basic requirements to catch up the environment issues as the global trend.
• The government and community have to find the way to popularize the green concept for all residence understanding it basically.
• With the tropical weather and environment, Vietnam has a lot of natural material such as bamboo, refined brick… with very cheap price, present everyplace and can be reused to avoid the impact to the environment. So we have to consider this in spite of using the import material.
• Combine the concept of eco-design – more concern about the aspects of architectural design – and the technique, technologies – concern about the mechanical aspect - will make the green building more effective.
• The developer should select the good project team with the green experience and local condition that will affect the project to avoid, reduce and eliminate the risk for the project.
• All participants who want to join in the green building should start to think about the green with the long-term benefits. Especially this will be the key for the developers who understand what they want and invest their money directly into the projects.
• All project team should study for their own knowledge of the green building.
Finally, the green building requires a high quality. Moreover, with very complicated parties involved, the project management and project team should have a clear, concise organization, roles, duties and responsibilities to avoid the confusing and conflicts. Otherwise, the overrun of time and cost will happen.
His thesis abstract is copied and posted.
Abstract
Nowadays, the sustainable development is the necessary and urgent trend for the global environment. Acting as one of the main parts of economic, construction industry also take part in responsibility for protecting the environment through the building designed with low-impact to environment. With the green building, there are many benefits to the environment and as the result, it’s also good for human working and living in life. Because of the limitation of time and scope, this report only try to explore the main issues in the implementation of green building assessment system – especially the BCA Green Mark – in construction environment in Vietnam. Maybe the BCA Green Mark implemented for the case in this study is not popular in the world as other such as LEED, BREEAM, CASBEE… but at least it can explore the typical issues in the green building. From that case, we can learn some helpful lessons and use them as the historical data and references for other green buildings.
Keywords: Environment, Responsibility, Protecting, The environment, Building Designed, Low-impact, Implementation.
Wednesday, 9 June 2010
Project Delays In Mechanical Factory Construction Project: A Case Study Of A Industry Park, Ho Chi Minh City, Viet Nam
A project is considered successful if it is completed on time, within the estimated cost and with good quality. Some previous researchers proved that based on their experiences, as much as half of the project had time delays. Therefore, construction delays could be seen by comparing the actual progress and the baseline construction schedule.
Construction delays in residential and light construction are often the result of miscommunication between contractors, subcontractors, and property owners. These types of misunderstandings and unrealistic expectations are usually avoided by detailed critical path schedules, which specify the work, and timetable to be used, but most importantly, the logical sequence of events that must occur for a project to be completed. Delays in construction projects are frequently expensive, since there is usually a construction loan involved which charges interest, management staff dedicated to the project whose costs are time dependent, and ongoing inflation in wage and material prices.
Mr. Nguyen Duc Hung made a study to find the main factors causing delays and its effects to other aspects in construction projects at construction stage. These factors can be analyzed in different ways of parties such as the owner, the contractor, the designer and consultant. From that, it can be seen that delay in construction projects were caused by human factor and force majeure.
The objective of Mr. Nguyen’s study were to: (1) find out delay factors in construction and analyzing the relationship of these factors and thereby enhance understanding of construction delays; (2) propose recommendation for avoid delays; and (3) formulate implementable policies that may aims to reducing time construction project in Viet Nam.
Conclusion
The problem of time delay in the construction industry is a serious problem. Project delays occurred in most construction projects in Viet Nam. Therefore, the results of this study provide a framework for project management can better understand the dynamics of project management and implementation of efforts to reduce incidences of delay time.
By using survey research, it was found out that there are some important factors affecting the project time in implementing a project to build in mechanical factory construction project. Completion time of any project is affected by many factors such as policy, budget, human source and materials.
In order to improve the schedule of mechanical factory construction project, five most potential policies were evaluated. The result showed that delay can be reduced by carrying out several important policies during the construction phase such as (1) accuracy design; (2) quality contractor (design, construction); (3) Bidding work; (4) Fluctuation and scarcity of material; and (5) budget.
The summary of cases revealed that the problems in weakness on capacity of designer; fluctuation and scarcity materials in 2008 and the owner's budget unavailability have medium delay impact while the ability of the organization of construction contractor have high delay impact.
His thesis abstract is copied and posted.
Abstract
In current period (in Viet Nam), almost construction projects cannot be completed within specified time; and achieving the project inside predetermined time is the basic purpose of construction project control. That's the main purpose for those who work project managing.
Generally, the problem involved with project delays are avoidable. In an effort to solve these problems, there are various strategies have been applied. Among them, some factors were found as the main source lead to manage time in project efficiently.
This final report analyzes factors affecting project time in construction project in Viet Nam. The qualitative research is conducted to perform the objective of the research. Details collection is based on case study in mechanical factory construction project in Ho chi Minh City (Viet Nam). It will be found out from this study that there are a lot of factors affecting project time in mechanical factory construction project. Research problems is the development of the model involved with the factors affecting project time in mechanical factory construction project.
Finally, by these analysis, the factors for reducing project time in mechanical factory construction project will be found out and some strategies deal with project delays are proposed.
Construction delays in residential and light construction are often the result of miscommunication between contractors, subcontractors, and property owners. These types of misunderstandings and unrealistic expectations are usually avoided by detailed critical path schedules, which specify the work, and timetable to be used, but most importantly, the logical sequence of events that must occur for a project to be completed. Delays in construction projects are frequently expensive, since there is usually a construction loan involved which charges interest, management staff dedicated to the project whose costs are time dependent, and ongoing inflation in wage and material prices.
Mr. Nguyen Duc Hung made a study to find the main factors causing delays and its effects to other aspects in construction projects at construction stage. These factors can be analyzed in different ways of parties such as the owner, the contractor, the designer and consultant. From that, it can be seen that delay in construction projects were caused by human factor and force majeure.
The objective of Mr. Nguyen’s study were to: (1) find out delay factors in construction and analyzing the relationship of these factors and thereby enhance understanding of construction delays; (2) propose recommendation for avoid delays; and (3) formulate implementable policies that may aims to reducing time construction project in Viet Nam.
Conclusion
The problem of time delay in the construction industry is a serious problem. Project delays occurred in most construction projects in Viet Nam. Therefore, the results of this study provide a framework for project management can better understand the dynamics of project management and implementation of efforts to reduce incidences of delay time.
By using survey research, it was found out that there are some important factors affecting the project time in implementing a project to build in mechanical factory construction project. Completion time of any project is affected by many factors such as policy, budget, human source and materials.
In order to improve the schedule of mechanical factory construction project, five most potential policies were evaluated. The result showed that delay can be reduced by carrying out several important policies during the construction phase such as (1) accuracy design; (2) quality contractor (design, construction); (3) Bidding work; (4) Fluctuation and scarcity of material; and (5) budget.
The summary of cases revealed that the problems in weakness on capacity of designer; fluctuation and scarcity materials in 2008 and the owner's budget unavailability have medium delay impact while the ability of the organization of construction contractor have high delay impact.
His thesis abstract is copied and posted.
Abstract
In current period (in Viet Nam), almost construction projects cannot be completed within specified time; and achieving the project inside predetermined time is the basic purpose of construction project control. That's the main purpose for those who work project managing.
Generally, the problem involved with project delays are avoidable. In an effort to solve these problems, there are various strategies have been applied. Among them, some factors were found as the main source lead to manage time in project efficiently.
This final report analyzes factors affecting project time in construction project in Viet Nam. The qualitative research is conducted to perform the objective of the research. Details collection is based on case study in mechanical factory construction project in Ho chi Minh City (Viet Nam). It will be found out from this study that there are a lot of factors affecting project time in mechanical factory construction project. Research problems is the development of the model involved with the factors affecting project time in mechanical factory construction project.
Finally, by these analysis, the factors for reducing project time in mechanical factory construction project will be found out and some strategies deal with project delays are proposed.
Monday, 7 June 2010
Some Studies Comparing the Role Of Engineer Between Vietnamese And Fidic Contract
Project management in construction not only manages in general but also one of the core issues is contract management. Both managers and project engineers have the responsibilities to perform their job everyday according to the signed contract, control price changes, time and construction progress.
The implementation of construction contract in Vietnam has been improved due to foreign factor. The Ministry of Construction has promulgated circular No. 06/2007/TT-BXD (25/7/2007) to introduce in detail the types of construction contract, besides, it also encourages parties to apply some developed international conditions on construction contracts such as FIDIC and AIA. This means that conditions in Vietnamese contract must also consider international conditions and the role of engineers who play one of the important roles must be included.
With the aim to improve the quality of contract system in construction in Vietnam, Mr. Nguyen An Khe made a study to preliminary compare the role of Engineer between Vietnamese and FIDIC contract and then contribute to build a perfect responsibilities of Engineer in contract conditions for construction in even local or international contracts.
The objectives of his study were to:
1. study the roles of Engineer in Vietnamese contract with reference of:
- The scope of authority.
- Barriers and obstacles in the implementation in the real projects.
2. compare the roles of Engineer in Vietnamese contract with International contract – FIDIC.
3. propose recommendations for improvements.
Conclusion
It is understood that, according to Bunni 2005:73, when a project is initiated by an Employer/Owner, all the duties related to feasibility, design and supervision during the construction time of the project are entrusted to an independent consulting engineer who is called “Engineer” in FIDIC conditions of contract between the Owner and Contractor. But in Vietnam when people talk about such consulting engineer they are talking about Designer, Verifier, Supervisor, or Quality Assessor separately. It can be summarized as followed:
It is concluded that:
One of the advantages of FIDIC conditions is that it had become a standard international form is which an agreement that had been approved and made public by a prestigious body such as architects, engineers, contractors.
FIDIC conditions are much clearer and useful.
Vietnamese conditions are still set up under a local policies and law-infrastructure, so the following issues are still existent:
1. Government Procurement Practices: Bureaucracy in government approval system, local government policy is not compatible with international practice;
2. Differences in Standards system; differences in interpretation of Contract Document;
3. Law governing contracts are not strong enough to ensure the performance of the contract;
4. The Engineer under Vietnamese conditions are divided into separate Consulting Engineers while the Engineer under FIDIC conditions are the combination of such those roles, this narrowed the power of the Engineer in Vietnam;
5. From above barriers, it is so difficult for Vietnamese Engineer perform their own roles when they have to stand under pressure of other parties such as the Owner or the Investment Decision Maker, they have to suffer so many interferences while the Engineer under FIDIC are empowered to work independently and impartially.
Recommendation
From the overall view, Vietnamese conditions of contract are local conditions of a developing country, FIDIC conditions are created and modified by many members from developed countries and by the time they became one of the standard forms of conditions of construction contracts in the world. Vietnamese have a motto: “Learn the better and leave the worse things”, so Vietnam is on the way to apply types of contract as standard forms such as FIDIC in the preparation of contracts as well as improvement of the roles of parties who join into the contract especially the engineer.
Turn back the Engineer what belong to the Engineer!
1. The authorities should creative application in Vietnam practical conditions to bring the position of the Vietnamese Consulting Engineer to approach standard international ones, such as FIDIC… so that they can perform their authorities and responsibilities with respectfulness from other parties and without any unreasonable interferes.
2. Empower the Engineer what they obviously have.
3. Upgrade the Law system and standards system to approach the international practices.
4. The Engineer – them self – innovate their qualifications so that they can compatible into every environment they work in.
For further study, it would be better if a full comparison between Vietnamese and some other International conditions of construction contract to improve the roles and responsibilities of Engineer as well as the conditions of contract system.
His thesis abstract is copied and posted.
Abstract
Vietnam has become a large construction area with the building of all kinds of infrastructure including road, bridges, residential buildings, factories and power plants. Then the arisen problem is how to manage construction contracts effectively. It is widely recognized that construction contracts are key legal instruments which determine the relationships, and the rights and obligations between all parties and one of the main members is the Consulting Engineer.
This report, under the roles and responsibilities of Consulting Engineer, make some comparison between Vietnamese conditions of contract and FIDIC conditions of contract. Through the case studies problems will be described, analyzed the roles and responsibilities of Consulting Engineer - will be determined from FIDIC and Vietnamese conditions of contract - to see what the obstacles are when implementing in Vietnam practical conditions. Then some solutions/recommendations will be proposed.
The implementation of construction contract in Vietnam has been improved due to foreign factor. The Ministry of Construction has promulgated circular No. 06/2007/TT-BXD (25/7/2007) to introduce in detail the types of construction contract, besides, it also encourages parties to apply some developed international conditions on construction contracts such as FIDIC and AIA. This means that conditions in Vietnamese contract must also consider international conditions and the role of engineers who play one of the important roles must be included.
With the aim to improve the quality of contract system in construction in Vietnam, Mr. Nguyen An Khe made a study to preliminary compare the role of Engineer between Vietnamese and FIDIC contract and then contribute to build a perfect responsibilities of Engineer in contract conditions for construction in even local or international contracts.
The objectives of his study were to:
1. study the roles of Engineer in Vietnamese contract with reference of:
- The scope of authority.
- Barriers and obstacles in the implementation in the real projects.
2. compare the roles of Engineer in Vietnamese contract with International contract – FIDIC.
3. propose recommendations for improvements.
Conclusion
It is understood that, according to Bunni 2005:73, when a project is initiated by an Employer/Owner, all the duties related to feasibility, design and supervision during the construction time of the project are entrusted to an independent consulting engineer who is called “Engineer” in FIDIC conditions of contract between the Owner and Contractor. But in Vietnam when people talk about such consulting engineer they are talking about Designer, Verifier, Supervisor, or Quality Assessor separately. It can be summarized as followed:
It is concluded that:
One of the advantages of FIDIC conditions is that it had become a standard international form is which an agreement that had been approved and made public by a prestigious body such as architects, engineers, contractors.
FIDIC conditions are much clearer and useful.
Vietnamese conditions are still set up under a local policies and law-infrastructure, so the following issues are still existent:
1. Government Procurement Practices: Bureaucracy in government approval system, local government policy is not compatible with international practice;
2. Differences in Standards system; differences in interpretation of Contract Document;
3. Law governing contracts are not strong enough to ensure the performance of the contract;
4. The Engineer under Vietnamese conditions are divided into separate Consulting Engineers while the Engineer under FIDIC conditions are the combination of such those roles, this narrowed the power of the Engineer in Vietnam;
5. From above barriers, it is so difficult for Vietnamese Engineer perform their own roles when they have to stand under pressure of other parties such as the Owner or the Investment Decision Maker, they have to suffer so many interferences while the Engineer under FIDIC are empowered to work independently and impartially.
Recommendation
From the overall view, Vietnamese conditions of contract are local conditions of a developing country, FIDIC conditions are created and modified by many members from developed countries and by the time they became one of the standard forms of conditions of construction contracts in the world. Vietnamese have a motto: “Learn the better and leave the worse things”, so Vietnam is on the way to apply types of contract as standard forms such as FIDIC in the preparation of contracts as well as improvement of the roles of parties who join into the contract especially the engineer.
Turn back the Engineer what belong to the Engineer!
1. The authorities should creative application in Vietnam practical conditions to bring the position of the Vietnamese Consulting Engineer to approach standard international ones, such as FIDIC… so that they can perform their authorities and responsibilities with respectfulness from other parties and without any unreasonable interferes.
2. Empower the Engineer what they obviously have.
3. Upgrade the Law system and standards system to approach the international practices.
4. The Engineer – them self – innovate their qualifications so that they can compatible into every environment they work in.
For further study, it would be better if a full comparison between Vietnamese and some other International conditions of construction contract to improve the roles and responsibilities of Engineer as well as the conditions of contract system.
His thesis abstract is copied and posted.
Abstract
Vietnam has become a large construction area with the building of all kinds of infrastructure including road, bridges, residential buildings, factories and power plants. Then the arisen problem is how to manage construction contracts effectively. It is widely recognized that construction contracts are key legal instruments which determine the relationships, and the rights and obligations between all parties and one of the main members is the Consulting Engineer.
This report, under the roles and responsibilities of Consulting Engineer, make some comparison between Vietnamese conditions of contract and FIDIC conditions of contract. Through the case studies problems will be described, analyzed the roles and responsibilities of Consulting Engineer - will be determined from FIDIC and Vietnamese conditions of contract - to see what the obstacles are when implementing in Vietnam practical conditions. Then some solutions/recommendations will be proposed.
Thursday, 3 June 2010
Risk Management In New Residential Development Project: A Case Study Of Phuockien 1 Project (Sadeco)
In recent years, the construction industry in Vietnam is having a good reputation of rapid development. However, many large scale projects invested by the government are still facing cost overrun and schedule delay and it seems that risk management at present is still relatively new.
Hanoi and Hochiminh city are two special municipality of Vietnam with a rapid economic development and attracted too many immigrants from rural areas. So, the necessary investment for new infrastructure and expand the territory of the city is necessary, to meet for population growth is to widen the area of urban construction.
However, the implementation of new residential development projects in Ho Chi Minh City areas is still slow and not uniform. The nature of this project is done with large capital, deployed for a long time with many elements involved with the impact of regulations and policies exist in many indispensable element of risk. A proven fact that most projects are late on schedule, and costs exceed the total initial investment and difficulties in connection with the infrastructure system of the area outside the project. Besides the land policy issues as well as land clearance is the main risks affecting the project objectives.
Mr. Nguyen Hoang Anh Chuong made a research to study the risks arising from the new residential development projects in Ho Chi Minh City specifically in small and medium scale project. His case study focused on the Phuoc Kien residential development project invested by the Saigon South Development Corporation (Sadeco). The objective of his study is to identify and find out the risks or uncertainties occur in each stage of implementing processes of a new residential development project. Then assess and analysis any impact factors, and propose to treat a risk to enhance the efficiency of project and ensure project objective.
In order to achieve his goal, the following objective needs to be completed:
1. To identify and find out criterial factors affecting the project time and cost in new residential development project.
2. Propose strategies to effectively eliminate or mitigate major risks.
3. Propose solutions that identify and prevent risks in similar projects
Conclusions
The case in this report describes a practical implementation in the early stages of urban development policy of Vietnam in general and Ho Chi Minh City in particular, and obviously has revealed high-risk factors can seriously affect the success of the project. Actually, Vietnam present has enormous efforts to overcome policy and reduce the cumbersome procedures in investment, but investors still face a lot of problems (risks) when implement project.
The report may not offer the most complete of risk factors in various stages of project implementation, but also clear description of the risk factors may affect the efficiency projects that most projects in Vietnam are all experiencing the problem of clearance, delay progress and project costs incurred up compared to initial estimates. The author proposed appropriate strategies to mitigate these major risks as shown in the table below.
Recommendations
In scope of this report, the author has just emphasized major risks affecting on Phuoc Kien project objective. The findings of this study are expected to contribute to identify major risks and more effective risk management process in project. To achieve this objective, this study proposes some recommendation:
1. Survey, evaluation and recommendations appropriate solution for compensation and ground clearance, to ensure the interests of the parties to minimize delays in this stage. And to set up land use planning consistent with the project requirement in each stage and progress of the mobilization of capital investment
2. Researched the plan for construction planning to ensure compliance with long-term development strategy, taking factors fluctuations in policy and plan for appropriate preventive.
3. To train or mobilize experts with full experience in the concerned fields, such as planning, design, construction techniques, financial ... to set up competence project team for the best implementation.
4. Perform measurements, impact of risk to the investment effectiveness of the project, potential for success of the project when the impact of risk. As analyzed above, evaluating economic efficiency-financing of the project should focus review.
5. Conducting activities to control and limit the adverse impact of risks to ensure the effective investment of project. Risk control plan should be implemented in conjunction with several measures from the active standby unreasonable resources to deal with the risks, actively avoid and share the risk, promptly response when risks occur.
6. Establishing early warning systems and handling risk.
7. Develop a plan to mobilize capital to meet the progress of the project.
8. Risk management should be considered as an important part of project management.
9. Risks management need to be considered into related regulation. Construction Law or Government Decrees.
10. Especially focus on the initiation stage: Investment report, Feasibility Study, Project planning and Detail Design.
11. Proposes in specific institution for risk management in terms of time, cost, resource, regulation, guideline, process and content by the government. For example, the cost estimated for risk management could be considered as essential part among the total investment cost of the project.
12. The Investors should pay appropriate attention to risk management along with project planning while those institution and policies do not approve.
13. In entire project life cycle need to identify sufficient risk of external and internal environment of the project in accordance with reality. Risks occur in each stage of project are also very different but they have the relation and interaction. Each environment have several potential risks, the risks can affect each other both inside and outside the project, and risks could change over time. Therefore the identification of risk should be conducted, update regularly. Especially in the preparation stage for the investment decision must fully recognize the risks can occur throughout the project life cycle.
Besides, investors should accept the extra costs to make good the following rules(10 Golden rules of Project Risk Management, ProjectSmart.com.uk):
1. Make Risk Management Part of Your Project
2. Identify Risks Early in Your Project
3. Communicate About Risks
4. Consider Both Threats and Opportunities
5. Clarify Ownership Issues
6. Prioritise Risks
7. Analyse Risks
8. Plan and Implement Risk Responses
9. Register Project Risks
10. Track Risks and Associated Tasks
His thesis abstract is copied and posted.
ABSTRACT
The construction industry is one of the most dynamic, risky and challenging businesses because of their implementing time is very long with huge investment capital and various participating components. However, the industry has a very poor reputation for managing risk, with many major projects failing to meet deadlines and cost targets.
Risk is inherent in construction projects and managing risks in construction projects has been recognised as a very important management process in order to achieve the project objectives in terms of time, cost, quality, safety and environmental sustainability. Therefore, project risks must be properly analyzed and mitigated to ensure the success of any project.
The purpose of risk management is to identify potential problems before they occur so that risk-handling activities may be planned and invoked as needed across the life of the product or project to mitigate adverse impacts on achieving objectives. To effectively manage the risk in construction project, it is necessary for organizations to identify important risk, then provide a suitable tool to measure their effects in each stage of project life cycle and suggest the effective solution methods as minimised, shared, transferred, avoided or accepted but can not be ignored
Hanoi and Hochiminh city are two special municipality of Vietnam with a rapid economic development and attracted too many immigrants from rural areas. So, the necessary investment for new infrastructure and expand the territory of the city is necessary, to meet for population growth is to widen the area of urban construction.
However, the implementation of new residential development projects in Ho Chi Minh City areas is still slow and not uniform. The nature of this project is done with large capital, deployed for a long time with many elements involved with the impact of regulations and policies exist in many indispensable element of risk. A proven fact that most projects are late on schedule, and costs exceed the total initial investment and difficulties in connection with the infrastructure system of the area outside the project. Besides the land policy issues as well as land clearance is the main risks affecting the project objectives.
Mr. Nguyen Hoang Anh Chuong made a research to study the risks arising from the new residential development projects in Ho Chi Minh City specifically in small and medium scale project. His case study focused on the Phuoc Kien residential development project invested by the Saigon South Development Corporation (Sadeco). The objective of his study is to identify and find out the risks or uncertainties occur in each stage of implementing processes of a new residential development project. Then assess and analysis any impact factors, and propose to treat a risk to enhance the efficiency of project and ensure project objective.
In order to achieve his goal, the following objective needs to be completed:
1. To identify and find out criterial factors affecting the project time and cost in new residential development project.
2. Propose strategies to effectively eliminate or mitigate major risks.
3. Propose solutions that identify and prevent risks in similar projects
Conclusions
The case in this report describes a practical implementation in the early stages of urban development policy of Vietnam in general and Ho Chi Minh City in particular, and obviously has revealed high-risk factors can seriously affect the success of the project. Actually, Vietnam present has enormous efforts to overcome policy and reduce the cumbersome procedures in investment, but investors still face a lot of problems (risks) when implement project.
The report may not offer the most complete of risk factors in various stages of project implementation, but also clear description of the risk factors may affect the efficiency projects that most projects in Vietnam are all experiencing the problem of clearance, delay progress and project costs incurred up compared to initial estimates. The author proposed appropriate strategies to mitigate these major risks as shown in the table below.
Recommendations
In scope of this report, the author has just emphasized major risks affecting on Phuoc Kien project objective. The findings of this study are expected to contribute to identify major risks and more effective risk management process in project. To achieve this objective, this study proposes some recommendation:
1. Survey, evaluation and recommendations appropriate solution for compensation and ground clearance, to ensure the interests of the parties to minimize delays in this stage. And to set up land use planning consistent with the project requirement in each stage and progress of the mobilization of capital investment
2. Researched the plan for construction planning to ensure compliance with long-term development strategy, taking factors fluctuations in policy and plan for appropriate preventive.
3. To train or mobilize experts with full experience in the concerned fields, such as planning, design, construction techniques, financial ... to set up competence project team for the best implementation.
4. Perform measurements, impact of risk to the investment effectiveness of the project, potential for success of the project when the impact of risk. As analyzed above, evaluating economic efficiency-financing of the project should focus review.
5. Conducting activities to control and limit the adverse impact of risks to ensure the effective investment of project. Risk control plan should be implemented in conjunction with several measures from the active standby unreasonable resources to deal with the risks, actively avoid and share the risk, promptly response when risks occur.
6. Establishing early warning systems and handling risk.
7. Develop a plan to mobilize capital to meet the progress of the project.
8. Risk management should be considered as an important part of project management.
9. Risks management need to be considered into related regulation. Construction Law or Government Decrees.
10. Especially focus on the initiation stage: Investment report, Feasibility Study, Project planning and Detail Design.
11. Proposes in specific institution for risk management in terms of time, cost, resource, regulation, guideline, process and content by the government. For example, the cost estimated for risk management could be considered as essential part among the total investment cost of the project.
12. The Investors should pay appropriate attention to risk management along with project planning while those institution and policies do not approve.
13. In entire project life cycle need to identify sufficient risk of external and internal environment of the project in accordance with reality. Risks occur in each stage of project are also very different but they have the relation and interaction. Each environment have several potential risks, the risks can affect each other both inside and outside the project, and risks could change over time. Therefore the identification of risk should be conducted, update regularly. Especially in the preparation stage for the investment decision must fully recognize the risks can occur throughout the project life cycle.
Besides, investors should accept the extra costs to make good the following rules(10 Golden rules of Project Risk Management, ProjectSmart.com.uk):
1. Make Risk Management Part of Your Project
2. Identify Risks Early in Your Project
3. Communicate About Risks
4. Consider Both Threats and Opportunities
5. Clarify Ownership Issues
6. Prioritise Risks
7. Analyse Risks
8. Plan and Implement Risk Responses
9. Register Project Risks
10. Track Risks and Associated Tasks
His thesis abstract is copied and posted.
ABSTRACT
The construction industry is one of the most dynamic, risky and challenging businesses because of their implementing time is very long with huge investment capital and various participating components. However, the industry has a very poor reputation for managing risk, with many major projects failing to meet deadlines and cost targets.
Risk is inherent in construction projects and managing risks in construction projects has been recognised as a very important management process in order to achieve the project objectives in terms of time, cost, quality, safety and environmental sustainability. Therefore, project risks must be properly analyzed and mitigated to ensure the success of any project.
The purpose of risk management is to identify potential problems before they occur so that risk-handling activities may be planned and invoked as needed across the life of the product or project to mitigate adverse impacts on achieving objectives. To effectively manage the risk in construction project, it is necessary for organizations to identify important risk, then provide a suitable tool to measure their effects in each stage of project life cycle and suggest the effective solution methods as minimised, shared, transferred, avoided or accepted but can not be ignored
Tuesday, 1 June 2010
CEIM-SET Congratulates Its New Graduates
We would like to congratulate the new graduates who received their diploma during the 113th AIT Graduating Ceremony on 26 May 2010. The names of graduands and their Thesis/Project title are listed below:
Doctor of Philosophy Degree (CEIM)
1. Dr. Oulawan Kulchartchai, Development of a Worker Engagement Measurement Tool (WEMT) for a Construction Safety Program
Master of Science Degree (CEIM)
1. Mr. Mohammad Sharif, Implementation Problems Causing Cost Overrun Of The World Bank-Suppoerted Project, A Case Study In Afghanistan
2. Mr. Tanatat Wisetsurakarn, The Construction Litigation Analysis: A Case Study Of The Thai Supreme Court Cases
3. Mr. Amnarch Pirmsinthavee, Relationship Marketing In Thai Sme Contractors: A Case Study Of Bangkok And Khonkaen Sme Contractors
4. Mr. Raj Kumar Lakhe, Asset Management In Public And Public Private Partnership (PPP) Hydropower Stations In Nepal
5. Mr. Adithep Roobleak, Cultural Dimensions Of Construction Engineers In Thailand Related To On-Site Management
6. Mr. Truong Ngoc Quy, Current Practices Of Public Private Partnership In Low-Income Housing Development In Vietnam
7. Mr. Aung Chan Thar, Web Application For Contractor Claim Analysis
8. Miss Truong Thi My Thanh, Success Factors For Financial Sustainability Of Tool Road Project In China
9. Ms. Saw Sandar, Assessing Project Management In Myanmar Construction Companies
10. Ms. Truong Thi Van Anh, Special Purpose Vehicle I N Too-Road Project Development : A Case Study Of The National Highway 14 Project In Vietnam
11. Mr. Nguyen Xuan Phong, Owner's Contract Administration For Project Time And Cost Control Strategy In Comercial Building Projects
12. Mr. Duong Thanh Hai, Improving Quality Assurance In Construction : Cantho Storage Tank Capacity Enhancement Project Case Study, Vietnam
13. Miss Bich Ngoc Nguyen, Application Of Portfolio Resource Management For Construction Contractors In Vietnam
14. Mr. Le Dang Thuc, Investigation Of Change Order Management: A Case Study Of Oil & Gas Projects
Professional Master Degree (MPM)
1. Mr. Vu Van Ngu, Subcontractor Management In LPG Truck Loading Projects
2. Ms. Phan Thi Hai Giang, Sub-Contractor Management In Gas Projects: A Case Study Fo Pvgas Gas Distribution Centre Project
3. Mr. Trieu Quoc Tuan, Risk Management In Pipeline Operation Management: A Case Study Of Petrovietnam Gas Pipeline System
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