BIM as an Instrument of a Conceptual Project Cost Estimation

Muratova, Anna; Ptukhina, Irina

doi:10.1007/978-3-030-42351-3_41

Cited by 3 publications

(2 citation statements)

References 11 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…With the help of risk assessment methods at each stage of an investment and construction project, it is necessary to determine the level of risk and attract appropriate methods to reduce it, control it, with the aim of promoting a reliable and successful implementation of an investment and construction project. [8] Therefore, such stages as risk assessment and risk management cannot be carried out sequentially, and should be applied in parallel when involving.…”

Section: Main Partmentioning

confidence: 99%

Making Decisions in Planning and Risk Management System of Enterprise in Project Management

Zhigir

2021

SHS Web Conf.

View full text Add to dashboard Cite

The purpose of this article is to scientifically and methodically substantiate and improve the mechanism for making effective management decisions in the implementation of investment projects of an enterprise within the time period set by the investor, taking into account risk and uncertainty. The article deals with the theoretical foundations of the construction of a model for the implementation of investment projects, taking into account risk and uncertainty as well as the methodology for the management of investment projects, taking into account the technology and organization of work. The work focuses on the improvement of the mechanism for the effective use of investment resources at the enterprise through the introduction of project management methods and the development of the best option for determining an effective solution for the implementation of the project within the established deadline, taking into account risk factors and uncertainty. The conducted analysis made it possible to conclude that the use of network modeling methods to the fullest extent possible corresponds to the task of project management, performance of work in interconnection and dynamics in the investment sphere. An improved system for the management of investment projects leads to the creation of an optimal mechanism for using investments at an enterprise, allows solving the problem of completing a project at a set date, as well as increasing the validity of decisions made in the management of investment projects of enterprises.

show abstract

Section: Main Partmentioning

confidence: 99%

Making Decisions in Planning and Risk Management System of Enterprise in Project Management

Zhigir

2021

SHS Web Conf.

View full text Add to dashboard Cite

show abstract

“…In fact, it is far more common to use cost as an independent variable to estimate the construction duration (e.g., see [18][19][20]) for examples of time-relationships), because a cost estimate tends to be done by the designer before the contractor develops the construction schedule. There are also authors attempting to use BIM for conceptual cost estimation (e.g., [34]). However, this approach requires a quantities takeoff, which implies a degree of project development that is incompatible with the early stages of development in this research (definition of general characteristics of the project, such as area and number of floors, and a preliminary sketch).…”

Section: Literature Reviewmentioning

confidence: 99%

Cost Modeling from the Contractor Perspective: Application to Residential and Office Buildings

et al. 2021

View full text Add to dashboard Cite

For the majority of the contractual arrangements used in construction projects, the owner is not responsible for the cost deviations due to the variability of labor productivity or material price, amongst many other aspects. Consequently, the cost performance of a project may be entirely distinct for the owner and the contractor. Since the majority of quantitative research on cost estimation and deviation found in the literature adopts the owners’ perspective, this research provides a contribution towards modeling costs and cost deviation from a contractor’s perspective. From an initial sample of 13 residential buildings and 10 office building projects, it was possible to develop models for cost estimation at the early stage of development, including both endogenous and exogenous variables. Although the sample is relatively small, the authors were able to fully analyze all the cost data, using no secondary sources of data (which is very frequent in cost modeling studies). The statistically significant variables in the cost estimation models were the areas above and below ground and the years following the 2008 financial crisis, including the international bailout (2011–2014) period. For estimating the unit cost, a nonlinear model was obtained with the number of underground and total floor, the floor ratio, and the years following the 2008 financial crisis, including the international bailout (2011–2014) period as predictors. For the office buildings, a statistically significant correlation was also found between the cost deviation and number of underground floors.

show abstract

Cost Management in Construction Based on the Automated Identification of Construction Operations and Structural Elements of Information Models

Tyurin

2022

Building Life-Cycle Management. Information Systems and Technologies

View full text Add to dashboard Cite

BIM as an Instrument of a Conceptual Project Cost Estimation

Cited by 3 publications

References 11 publications

Making Decisions in Planning and Risk Management System of Enterprise in Project Management

Making Decisions in Planning and Risk Management System of Enterprise in Project Management

Cost Modeling from the Contractor Perspective: Application to Residential and Office Buildings

Cost Management in Construction Based on the Automated Identification of Construction Operations and Structural Elements of Information Models

Contact Info

Product

Resources

About