A study on the integrated construction cost management method with reflection of the characteristics of public construction works in South Korea

Abstract

Given their nature, construction projects should consider various factors such as the budget, period, methods, various participants under different construction environments, massive manpower, materials, and equipment so that they can be completed according to the given timeline and within the given budget. They also require a huge budget, thereby calling for an integrated systematic management system designed to ensure accurate performance measurement and analysis and to forecast the final construction cost. To effectively apply the earned-value management system (EVMS) to public construction projects, this study examined EVMS theories, derived EVMS problems, and developed and presented the display screens for the integrated process and construction cost management system suitable for public construction projects.