Comparative analysis of managers’ perception in overseas construction project risks and cost overrun in actual cases: a perspective of the Republic of Korea

Lee, Kyung-Tae; Park, Sang-Jun; Kim, Ju-Hyung

doi:10.1080/13467581.2022.2116940

Cited by 9 publications

(8 citation statements)

References 61 publications

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“…In addition, a normality test was conducted to determine whether the communication risks evaluated by PCs in this study were normal. As the data were obtained for 30 participants, the normality was satisfied owing to the central limit theorem, and the results of the Kolmogorov-Smirnov test showed that the normality was satisfied with a goodness of fit of .143 (Lee et al, 2022).…”

Section: Data Collection and Analysismentioning

confidence: 92%

“…For instance, the Republic of Korea secured 28.2 billion dollars in overseas construction from 2016 to 2017, followed by 29 billion dollars in 2018 and 32 billion dollars in 2019. With the budget increasing annually, implementing global projects efficiently through an exhaustive strategy has been attempted (Lee et al, 2022). However, multinational projects are particularly prone to risks due to cultural differences in labor management, technical management, and so on (Brooks, 2017;Wu et al, 2017).…”

Section: Introductionmentioning

confidence: 99%

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Project Coordinators’ Perceptions according to the Organization Structure to Reduce Communication Risks in Multinational Project

2023

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Increasing risks about deficient communication and difficulties in communication management in multinational projects lead to the deployment of project coordinators (PCs). The role of coordinators and their responses to communication issues differ with the organization structure. This study focuses on the communication tendencies in different organization structures to facilitate the work of PCs. Based on the literature review, this study identified representative communication risks and organization structures in multinational projects. Thereafter, a survey and semi-structured interviews with 30 PCs were conducted to understand their perceptions, which were then analyzed by applying text-mining. Cultural and linguistic risks, such as differences in terminology, nuances, and visual gestures, occur frequently in communication. The resulting construction and design changes may lead to conflicts among stakeholders. To alleviate these risks, PCs in functional, projectized, and matrix organizations must consider the hierarchy, expert presence, and systematic approach adoption, respectively. PCs typically prefer matrix organizations, in which each department acts as a team to deliver information uniformly, and the personnel must adapt to differences in the terminology and behavioral cultures of multinational stakeholders. The systematic deployment of PCs with experience and knowledge of multinational projects in each team can help set unified goals among stakeholders. By coordinating the communication of PCs, the technology and resources of participating countries can be timely utilized.

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Section: Data Collection and Analysismentioning

confidence: 92%

Section: Introductionmentioning

confidence: 99%

Project Coordinators’ Perceptions according to the Organization Structure to Reduce Communication Risks in Multinational Project

2023

Self Cite

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“…In addition, the physiological parameters that were significantly affected by each task performance were evaluated using the multiple linear regression model. The measurement of multi-collinearity was based on the variance of inflation factor (VIF) and standardized coefficient beta was obtained to compare the strength of each independent variable to the dependent variable 49 .…”

Section: Methodsmentioning

confidence: 99%

Relationship between psycho-physiological indicators and task performance under various indoor space designs for telecommuting environment by introducing mixed-reality

Lee,

Kim

2024

Sci Rep

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The increase in telecommuting during COVID-19 and advances in digital technology have necessitated the establishment of guidelines for maximizing productivity through indoor space design for telecommuters. Additionally, understanding the physiological response of individuals working in indoor spaces has attracted attention. This study applied mixed-reality environment to alter the design of the indoor space in real-time, while monitoring the task performance and representative psycho-physiological indicators (electroencephalogram and heart rate variability) of 30 individuals with telecommuting experience. To this end, four tasks, including spatial memory, attention, execution, and working memory, were conducted, and the psycho-physiological data from these tests were statistically analyzed. The results revealed that the design of the indoor space did not affect the spatial memory; however, the parasympathetic nerves were stimulated in visually non-preferred spaces, thus reducing mental stress and leading to high efficiency in short-term work. According to the Yerkes-Dodson law, the working memory of an individual is generally efficient and physically stable over time if they adjust to a preferred or decision-making space. Thus, the future design of telecommuting spaces must consider the type of work being done, and guidelines for spatial design should be developed by recognizing the psycho-physiological status of users, while increasing efficiency.

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“…However, this study does not consider any risk related to overlapping activities. Lee et al [18] collected the risk perception of construction managers about predefined overseas project risks and cost overruns and compared it with the data analysis of 20 construction cases. Sobieraj and Metelski [19] developed a proprietary investment model considering different project phases and combining Monte Carlo simulation and Time-at-Risk (TaR) to assess the risk of project time extension.…”

Section: General Risks In Constructionmentioning

confidence: 99%

Perceptions of Construction Risks Due to Fast-Track Activity Overlapping

Garrido Martins,

Bogus,

Valentin

2023

Eng

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Concurrent engineering through overlapping of activities (i.e., fast-tracking) has been used as a schedule acceleration technique. Fast-track construction projects are generally recognized as riskier and subject to risks arising due to the concurrency of work. This work reports the risk perception of construction professionals to three different degrees of overlapping. Semi-structured interviews were used to collect the data, and the analysis applied data transformation and descriptive statistics. The risks were mainly perceived in the middle degree of overlapping and in activities occurring earlier in the schedule. The low and high degrees of overlapping were mainly perceived as having no risk or not being feasible, respectively. The four risk types accounted for most of the perceived threats: construction error, design change, crew interference, and poor construction productivity. The findings of this study suggest that construction professionals perceive risks differently based on the amount of activity overlapping. It is consistent with previous studies that found that risks decrease as the project advances and that fast-track projects face additional risks.

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Comparative analysis of managers’ perception in overseas construction project risks and cost overrun in actual cases: a perspective of the Republic of Korea

Cited by 9 publications

References 61 publications

Project Coordinators’ Perceptions according to the Organization Structure to Reduce Communication Risks in Multinational Project

Project Coordinators’ Perceptions according to the Organization Structure to Reduce Communication Risks in Multinational Project

Relationship between psycho-physiological indicators and task performance under various indoor space designs for telecommuting environment by introducing mixed-reality

Perceptions of Construction Risks Due to Fast-Track Activity Overlapping

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