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Anbar, D R, Chang, T, Deng, X and Mahmoud, M R I (2024) Implementing effective knowledge management in international construction projects by eliminating knowledge hiding. Journal of Construction Engineering and Management, 150(08).
Asadabadi, M R (2024) Project investment decisions: Comparison of nonmonetary benefits. Journal of Construction Engineering and Management, 150(08).
- Type: Journal Article
- Keywords: decision support systems; project benefits; project selection; stratified decisions
- ISBN/ISSN: 0733-9364
- URL: http://doi.org/10.1061/JCEMD4.COENG-14715
- Abstract:
When deciding which project to fund, the comparison of project-required resources and monetary or financial benefits is relatively straightforward (as these can be presented in dollar values). In contrast, comparing the nonmonetary benefits of projects can be challenging. The literature often overlooks this problem and only provides high-level approaches (e.g., comparing a project's contributions to the organization's strategic goals). Such approaches are inefficient as they are highly subjective and may be impacted by decision-makers' bias. To this point in time, the literature has not effectively addressed this problem. This literature gap and the practical importance of the problem motivate the development of detailed step-by-step methodological processes to reduce subjectivity and enable a quantitative comparison of the nonmonetary benefits of projects. This paper develops such a novel straightforward methodology and illustrates its application through a case study where nonmonetary benefits of a railway construction project are compared against a hospital expansion project. In addition to this methodological contribution, this paper also contributes to the current literature on construction engineering and management by showing how to perform an effective comparison of the nonmonetary benefits in the project investment decision. The paper also sheds light on how the reasoning structures of different project decision makers may be impacted by their degree of optimism.
Bayona, A, Hallowell, M R and Bhandari, S (2024) The things that hurt people are not the same as the things that kill people: Key differences in the proximal causes of low- and high-severity construction injuries. Journal of Construction Engineering and Management, 150(08).
Bingol, B N, Arditi, D and Polat, G (2024) A performance-based subcontractor selection model. Journal of Construction Engineering and Management, 150(08).
Cao, J, Said, H, Savov, A and Hall, D (2024) Graph-based evolutionary search for optimal hybrid modularization of building construction projects. Journal of Construction Engineering and Management, 150(08).
Castelblanco, G and Guevara, J (2024) Stakeholder dynamics: Rethinking roles and responsibilities in user-pay transport PPP projects. Journal of Construction Engineering and Management, 150(08).
Eissa, R and El-Adaway, I H (2024) Accelerating the circular economy transition: A construction value chain-structured portfolio of strategies and implementation insights. Journal of Construction Engineering and Management, 150(08).
Han, J, Chen, C, Tiong, R L K, Wu, K and Chew, D K H (2024) Strategic workforce planning for production of prefabricated bathroom units: An advanced markovian approach. Journal of Construction Engineering and Management, 150(08).
Hasan, M and Lu, M (2024) Mitigating project schedule risks by identifying subcritical paths and variance-critical activities. Journal of Construction Engineering and Management, 150(08).
Huo, X, Xu, X, Zhang, Y and Jiao, L (2024) Insight into the mechanism of noncompliance tasks in construction workers' unsafe behaviors. Journal of Construction Engineering and Management, 150(08).
Ismael, D and Shealy, T (2024) Reframing sustainability rating systems to emphasize interconnected benefits increases sustainable design practices among engineers. Journal of Construction Engineering and Management, 150(08).
Jeong, J and Jeong, J (2024) Sustainability in prefabricated construction: Enhancing multicriteria analysis and prediction using machine learning. Journal of Construction Engineering and Management, 150(08).
Li, M, Zheng, Q and Ashuri, B (2024) Application of artificial intelligence in design automation: A two-stage framework for structure configuration and design. Journal of Construction Engineering and Management, 150(08).
Liang, X, Rasheed, U, Cai, J, Wibranek, B and Awolusi, I (2024) Impacts of collaborative robots on construction work performance and worker perception: Experimental analysis of human-robot collaborative wood assembly. Journal of Construction Engineering and Management, 150(08).
Ma, J, Jiang, X, Zheng, D, Liao, X, Lu, J and Zhao, Y (2024) Transwallnet: High-performance semantic segmentation of large-scale and multifeatured point clouds of building gables. Journal of Construction Engineering and Management, 150(08).
Mansoor, A, Liu, S, Bouferguene, A and Al-Hussein, M (2024) Crane signalman hand-signal classification framework using sensor-based smart construction glove and machine-learning algorithms. Journal of Construction Engineering and Management, 150(08).
Mostofi, F, Tokdemir, O B, Toǧan, V and Arditi, D (2024) Predicting the cost of rework in high-rise buildings using graph convolutional networks. Journal of Construction Engineering and Management, 150(08).
Poirier, E A, Pavard, A and De Paula, N (2024) Determining factors influencing BIM adoption: A competency-driven approach. Journal of Construction Engineering and Management, 150(08).
Rathnayake, A, Murguia, D and Middleton, C (2024) Measuring activity-level construction productivity. Journal of Construction Engineering and Management, 150(08).
Saleem, M (2024) Internal damage detection in reinforced concrete member using ultrasonic pulse velocity nondestructive testing. Journal of Construction Engineering and Management, 150(08).
Salih, F and El-Adaway, I H (2024) Quantifying the impact of technology utilization on schedule and cost performance in construction projects. Journal of Construction Engineering and Management, 150(08).
Seyis, S and Ozkan, S (2024) Benefits and challenges of implementing the common data environments in the construction phase of BIM-based projects. Journal of Construction Engineering and Management, 150(08).
Shamsollahi, D, Moselhi, O and Khorasani, K (2024) Automated detection and segmentation of mechanical, electrical, and plumbing components in indoor environments by using the yolact++ architecture. Journal of Construction Engineering and Management, 150(08).
Triana-Granados, K V, Bernard, I R, Merlin, A, Lucko, G and Ballesteros-Pérez, P (2024) Graphical delay tracking for linear and repetitive schedules. Journal of Construction Engineering and Management, 150(08).
Ure, J D, South, A J, Farnsworth, C B, Bown, M and Thompson, N (2024) Enlarging the role of CEM professionals in corporate sustainability: ESG programs and the built environment. Journal of Construction Engineering and Management, 150(08).
Wang, H, Yi, W, Zhen, L and Chan, A P C (2024) Cost-optimized transport planning for prefabricated modules with the implementation of the just-in-time strategy. Journal of Construction Engineering and Management, 150(08).
Yue, H, Ye, G, Liu, Q, Yang, X, Xiang, Q and Luo, Y (2024) Impact of cognitive fatigue on attention and the implications for construction safety: A neuroscientific perspective. Journal of Construction Engineering and Management, 150(08).
Zheng, R, Li, Z, Li, L, Dou, Y, Yuan, M and Yin, X (2024) Proposing a lean-optimized scheduling model of mixed-flow prefabricated component production in off-site construction. Journal of Construction Engineering and Management, 150(08).
Zhong, B, Tian, J, Pan, X and Shen, L (2024) An online housing reputation assessment framework based on text mining and visualization technologies. Journal of Construction Engineering and Management, 150(08).