| Title |
Development of a Decision Making Model for Construction Management in LNG Plant Construction - Focused on Construction Stage - |
| Authors |
Park, Hwan Pyo ; Han, Jae Goo ; Chin, Kyung Ho |
| DOI |
http://dx.doi.org/10.6106/KJCEM.2014.15.3.047 |
| Keywords |
LNG Plant ; EPC ; Project Management ; Decision-making model ; Evaluation of Importance Factor |
| Abstract |
LNG plant projects tend to be implemented in overseas owing to its characteristics, so their project management scheme is somewhat different from those of general projects. Value chain in a LNG plant project includes exploration/production of gases, physical liquefaction/chemical conversion processes, transportation and storage. Key factors in the chain include liquefaction process (including ultra-low temperature liquefaction) to convert natural gas into liquid materials or fuel, and Front End Engineering Design (FEED) package, as well as Engineering, Procurement and Construction (EPC) technology comprising control, operation and construction. Success of a complex LNG plant project implemented in overseas depends on decision-making process in project management. Accordingly, to develop a decision-making model in of plant construction, the study extracted none factors in project management by EPC stage and assessed importance of each factor. The result showed that items in both project management and project risk management are important. Especially, the study developed a decision-making model in the construction stage of a LNG plant project based on the project management factors and importance assessment. The developed decision-making model would lay groundwork in building a decision-making system in construction stage of project management. |