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Research on Application Strategy of EPC Mode Based on BIM Technology in Cost Management of Military Readiness Engineering

Li Kai, Jiang Guo-ping, K.H.M. Mansur, Y. Fu
2021 E3S Web of Conferences  
management and the problems existing in the application process, and proposes the EPC mode based on BIM technology in the military combat readiness project cost management The operational mechanism conception  ...  Based on the current status of military combat readiness project cost management, this article analyzes the necessity of introducing EPC mode and BIM technology into military combat readiness project cost  ...  the dynamic control of project cost.  ... 
doi:10.1051/e3sconf/202125103093 fatcat:myxzekwyc5gr5hklqgsufh7bvy

Integrating supply chain and critical chain concepts in engineer-procure-construct (EPC) projects

K.T Yeo, J.H Ning
2002 International Journal of Project Management  
Special attention is given to a systems approach of buffer management as a mechanism to improve the management of uncertainty in procurement. # An EPC project can be a complex one-of-a-kind product development  ...  This paper examines the nature and characteristics of EPC projects with special interest in project procurement management.  ...  Project buffer. After the cut in time duration, the planner would then add a dynamic project buffer at the end of the project for overall schedule protection.  ... 
doi:10.1016/s0263-7863(01)00021-7 fatcat:yqgrszpoybg4vd4mwyqq4x2wbi

Hierarchy probability cost analysis model incorporate MAIMS principle for EPC project cost estimation

Xiangbai Gu, Zhiqiang Geng, Wenxing Xu, Qunxiong Zhu
2011 Expert systems with applications  
Keywords: Hierarchy probability cost analysis (HPCA) model Cost management strategy Maximize efficiency of information Uncertainty management a b s t r a c t Two new types of hierarchy probability cost  ...  The illustration of an actual bidding EPC project substantiates that proposed integrating HPCA-hierarchy MAIMS models have demonstrated effective and viable for EPC projects.  ...  So, the correlation between project-item costs is a critical factor in the estimation of total project cost uncertainty.  ... 
doi:10.1016/j.eswa.2010.12.150 fatcat:yig25hvd2bcyha3quw6rggf5fi


T. Berends, J. Dhillon
2004 The Engineering Economist  
In the oil, gas and petrochemical industry, Engineering Contractors (ECs) play a key role in the development and implementation of the LECPs for processing facilities.  ...  Large Engineering and Construction Projects (LECPs) form an important area of economic activity, covering a range of different artefacts.  ...  The project cost estimate (i.e. budget appropriation) against the WBS, scheduled in time, provides an estimated cost phasing.  ... 
doi:10.1080/00137910490888075 fatcat:rzllcwrdqnho5jhrru4old7bum

Using Text Mining to Estimate Schedule Delay Risk of 13 Offshore Oil and Gas EPC Case Studies During the Bidding Process

Byung-Yun Son, Eul-Bum Lee
2019 Energies  
In this study the scope of work (SOW), as a main part of EPC contracts is analyzed using text mining processes in a sequence of pre-processing, structuring, and normalizing.  ...  This has resulted in frequent prolonged projects, schedule delay, and consequently significant cost overruns.  ...  stage by mapping PDRI scores and DECRIS score to project performances of schedule delay and cost overrun in the EPC execution stage.  ... 
doi:10.3390/en12101956 fatcat:4tjeuzykjnddzawzicteifvnha

A Two-step Bidding Price Decision Algorithm under Limited Man-Hours in EPC Projects

Nobuaki Ishii, Yuichi Takano, Masaaki Muraki
2013 Proceedings of the 3rd International Conference on Simulation and Modeling Methodologies, Technologies and Applications  
Thus, a bidding price decision in consideration of the cost estimation accuracy and the deficit order probability is essential for the contractor in EPC projects.  ...  In Engineering-Procurement-Construction (EPC) projects, the contractor accepts an order through a competitive bidding process.  ...  In EPC projects, the contractor has a single responsibility for project cost, quality, and schedule under a fixed-price that is determined before the start of the project as a lump-sum contract.  ... 
doi:10.5220/0004418903930403 dblp:conf/simultech/IshiiTM13 fatcat:bcb5vswg4nexljndk76mbvco5q

A Hybrid Approach for Project Crashing Optimization Strategy with Risk Consideration: A Case Study for an EPC Project

Chao Ou-Yang, Wang-Li Chen
2019 Mathematical Problems in Engineering  
Time-cost analysis is an important aspect of project scheduling, particularly in long-term and costly EPC projects.  ...  In this study, a hybrid method is proposed for the time-cost optimization strategy evaluation of a project.  ...  The first problem to be solved in the randomness of projects is estimating the project completion time.  ... 
doi:10.1155/2019/9649632 fatcat:3gnk2e34fjg7zdrhty2gd5tl7a

Analysis of Improvement of BIM-Based Digitalization in Engineering, Procurement, and Construction (EPC) Projects in China

Yu Zheng, Llewellyn C. M. Tang, K. W. Chau
2021 Applied Sciences  
A total of 62 participants from 33 EPC construction projects responded to the questionnaire survey.  ...  The SEFA results indicated that digitalization can improve both the cost and time performance, with greater potential for improvement in time performance for EPC projects.  ...  Impacts of Digitalization Improvement on EPC Projects' Cost Performance One of the aims of this research was to estimate the benefit that would be achieved in terms of cost performance by utilizing new  ... 
doi:10.3390/app112411895 fatcat:2l5vhgwds5d4bmfbx2fcyo2ym4

The impact of Engineering, Procurement and Construction (EPC) Phases on Project Performance: A Case of Large-scale Residential Construction Project

Kamyar Kabirifar, Mohammad Mojtahedi
2019 Buildings  
Scope, time, and cost are the triple constraints of project management and leading factors in defining the project performance.  ...  Hence, the aim of this paper is to analyze and rank EPC critical activities across large-scale residential construction projects in Iran, by using the TOPSIS method as a multi-attribute group decision-making  ...  Some researchers have identified three aspects of project success in EPC phases of projects; execution process, the project value, and client satisfaction.  ... 
doi:10.3390/buildings9010015 fatcat:3ukqrx7twfepfkgqgn6femlm5e

Dynamic Management of Risk Contingency in Complex Design-Build Projects

Alberto De Marco, Carlo Rafele, Muhammad Jamaluddin Thaheem
2016 Journal of construction engineering and management  
Nonetheless, contingency budgets have to be estimated and revised during the course of the project as a continuous and dynamic management process.  ...  With the purpose of studying the dynamics and main influences involved in the risk contingency management process of a Design-Build (DB) project, a System Dynamics (SD) contingency management model is  ...  Program in Engineering & Management at Politecnico di Torino for effective and passionate contribution to this work.  ... 
doi:10.1061/(asce)co.1943-7862.0001052 fatcat:u4iw3ryr7rbipfvvjmwnaw7n3q

A Forecast and Mitigation Model of Construction Performance by Assessing Detailed Engineering Maturity at Key Milestones for Offshore EPC Mega-Projects

Myung-Hun Kim, Eul-Bum Lee, Han-Suk Choi
2019 Sustainability  
(EPC) projects.  ...  At five key engineering milestones, from an EPC contract being awarded to the start of construction, detailed engineering maturities were assessed in fourteen historical offshore EPC projects using the  ...  Alleman (a Ph. D. candidate in Univ. of Colorado at Boulder) for their academic inputs and feedback on this research. Conflicts of Interest: The authors declare no conflict of interest.  ... 
doi:10.3390/su11051256 fatcat:nw73e2rznrcv7kiwhcfw223cf4

Delay Analysis in EPC Projects using Ishikawa Diagram

Alaa Khalfan Al Ghaithi, Rafeeq Ameen Kattiparuthi, Alaa Moosa Koya
2017 International Journal of Advanced engineering Management and Science  
The objectives of this project are: (a ) to identify root causes of various delays commonly affecting the EPC projects in Oman by using Ishikawa diagram.  ...  The results found are: time and cost constraints are the biggest obstacle causing delay in EPC projects.  ...  A review of delay analysis methods was done along with Comparison of three process-based dynamic analysis methods, namely, the snapshot analysis method, the windows analysis method and the isolated delay  ... 
doi:10.24001/ijaems.3.7.7 fatcat:hrxqm6b7urdtrpxtn73ddiqj2e

Project Risk Management: Methodology Development for Engineering, Procurement and Construction Projects a Case Study in the Oil and Gas Industry

Ashwin Amarshi Maru
2015 American Journal of Civil Engineering  
EPC Project comes with a set of risks that are unique and hence cannot be addressed in the context of general construction risks.  ...  This paper researches existing methodologies and presents a customizable framework for project risks assessment with EPC project. A case study specific to the Oil and Gas industry has been used.  ...  In general the overall risks identified can be listed as to accurate understanding of Bid documents, not undertaking a clear process to enter in the fray, not to anticipate the costs involved in getting  ... 
doi:10.11648/j.ajce.20150303.14 fatcat:6bzrnzgyxvdi5kd4ezurxeht54

Improving Design by Partnering in Engineering–Procurement–Construction (EPC) Hydropower Projects: A Case Study of a Large-Scale Hydropower Project in China

Yang Liu, Wenzhe Tang, Colin F. Duffield, Felix Kin Peng Hui, Lihai Zhang, Xuteng Zhang, Yanling Kang
2021 Water  
with the support of data collected from a large-scale EPC hydropower project.  ...  design plays a critical role in project success.  ...  Acknowledgments: Many thanks are given to the project participants of the Yangfanggou hydropower project and the respondents for their generous contributions during the survey.  ... 
doi:10.3390/w13233410 fatcat:mtvi5weuh5hthi4y4d5cvjklqq

A Revised Algorithm for Competitive Bidding Price Decision under Limited Engineering Man-Hours in EPC Projects

Nobuaki ISHII, Yuichi TAKANO, Masaaki MURAKI
2016 Okan  
To determine the bidding prices in Engineering-Procurement-Construction (EPC) projects, where contract prices are fixed, the contractor needs to consider the accuracy of estimated project cost under the  ...  of the competitive bidding environments, and the cost estimation accuracy under the constraint of the total MH and the deficit risk of each order.  ...  In EPC projects, a main contractor has principal responsibility, referred to as single point responsibility, for project cost, quality, and schedule under a fixed-price, which is determined before the  ... 
doi:10.11487/trafst.10.1_47 fatcat:2il7n52gmjcflf3eqz7wa5fouu
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