| Title |
A study on the method for the Integrated Cost Estimate based o nProject(ICEP) of program management with typical model |
| Authors |
Baek, Myeongchang ; Park, Junmo ; Park, Gilbeom ; Kim, Okkyue |
| DOI |
http://dx.doi.org/10.6106/KJCEM.2015.16.1.119 |
| Keywords |
ICEP ; Program Management ; Project Management ; Cost Estimation ; Typical Model ; Project-Specific Factor ; Rough Estimate ; ICEP |
| Abstract |
Domestic dominant method in subcontract cost estimate for comprehensive program management is estimation by referencing similar cases or relying on the experience and expertise of the engaged. However, this method is not reliable due to lack of accuracy, making it harder for clients to plan and budget the program. Since budget itself is roughly estimated, it becomes a source of cost rise in the course of management due to design modifications. Therefore, the client and service providers shall calculate more accurate service cost by applying objective and scientific method in order to minimize cost rise and cost related dispute. Traditional cases, in estimating program management cost, took Top-Down approach based on precedents and experience. On the contrary, this study will categorize management structure into phases and activities, issue WBS for each phase to estimated schedule and cost for each code, and take Bottom-UP approach. By taking this approach named ICEP (Integrated Cost Estimate based on Project), Set project typical model will be developed for service cost estimating, calculate cost by applying project-specific factors. Also, by analyzing progress data and allocated management cost to complement them, more efficient construction management will take shape based on program management cost standards which reflect project-specific features. |