Scribd Logo
Upload

Welcome to Scribd!

  • Sqit 3033 Nursahlina Ahar

    Uploaded by

    Ina Ahar
    36 views3 pages
    Data mining can be used in construction project cost control by analyzing historical cost data. It has been applied to identify main cost factors and their relationships. However, most existing research still focuses on introducing methodology rather than practical analysis of large datasets. This paper aims to apply data mining to analyze a large number of construction cost records to identify more useful cost patterns and relationships. The findings show that materials make up over 50% of construction costs, while labor, materials and equipment account for over 85% of total costs. Therefore, controlling material and related equipment costs is key to managing construction project budgets.

    Original Description:

    Individual assignment (data mining)

    Original Title

    SQIT 3033 NURSAHLINA AHAR

    Copyright

    © Attribution Non-Commercial (BY-NC)

    Available Formats

    DOCX, PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    Data mining can be used in construction project cost control by analyzing historical cost data. It has been applied to identify main cost factors and their relationships. However, most existing research still focuses on introducing methodology rather than practical analysis of large datasets. This paper aims to apply data mining to analyze a large number of construction cost records to identify more useful cost patterns and relationships. The findings show that materials make up over 50% of construction costs, while labor, materials and equipment account for over 85% of total costs. Therefore, controlling material and related equipment costs is key to managing construction project budgets.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    36 views3 pages

    Sqit 3033 Nursahlina Ahar

    Uploaded by

    Ina Ahar
    Data mining can be used in construction project cost control by analyzing historical cost data. It has been applied to identify main cost factors and their relationships. However, most existing research still focuses on introducing methodology rather than practical analysis of large datasets. This paper aims to apply data mining to analyze a large number of construction cost records to identify more useful cost patterns and relationships. The findings show that materials make up over 50% of construction costs, while labor, materials and equipment account for over 85% of total costs. Therefore, controlling material and related equipment costs is key to managing construction project budgets.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 3

    SQIT 3033 KNOWLEDGE ACQUISITION IN DECISION MAKING GROUP A

    TITLE: DISCUSS HOW DATA MINING APPLICATION CAN BE UTILIZED IN CONSTRUCTION PROJECT

    NAME: BURSAHLINA BINTI AHAR

    MATRIC NUMBER: 212350

    DUE DATE: 6TH MARCH 2014

    Data mining is a multidisciplinary field, drawing work from areas including database technology, machine learning, statistic, pattern recognition, information retrieval, neural networks, knowledge-based systems, artificial intelligence, high-performance computing, and data visualization. Data mining is for present techniques for the discovery of patterns hidden in large data sets, focusing on issues relating to their feasibility, usefulness, effectiveness, and scalability. Data mining application is useful to the most fields that need data knowledge in their works. For example in construction project, nowadays, the large scale of infrastructure invested by central and local government certainly will promote the development of construction industry. Under the competition, the construction enterprises will face opportunities and challenges. For example that data mining application use for this construction is applying to project cost control. From the existing literature, Lai guohua regarded the main factors of project cost (direct cost factors, quality cost factors, project time cost factors and risk cost factor) as the subject of data mining, listed the least method of cutting steel with linear programming model, analyzed the negative correlation between prevention costs and loss of a negative with relationship quality model, analyzed the main influence factors of project time cost with decision tree method, and found the expense risk is the greatest impact on the cost of risk using AHP. Comparing project cost control to other areas of application of data mining, it is found that research in other areas is closer to the real data mining, mining potentially useful information from a large number of data, rather data mining applied in the field of project cost control, most of the literatures still remain in methodology aspects of introducing data mining technology in the engineering project cost control, even if using data mining technology to analyze quantity law of engineering project cost. Literature have been based more on a project or even a fiscal year data analysis of a project, based less than on a large number of data mining analysis of project cost. This shows that by using data mining technology to analyze the status of the project cost and lack. By collecting a large number of historical data of project cost, founds valuable quantity law from a number of cost data, makes up defects of literature having less sample data, and seeks to draw more practically significant conclusions. Adopting data mining technology, the objective analysis of the historical data of construction cost available for us will bring us more information valuable. However, the cost data is confidential, and is hard to acquire from the public sources.

    Applying data mining technology to analyze the cost of construction project, this paper reaches the following conclusion in cost compositions of construction project. Within the cost of construction project, material occupies the total cost above 50%, and labor, material and equipment cost to achieve more than 85% of the total cost. Therefore, it can be said that labor, materials and equipment cost are the main emphasis of construction project cost controlling, especially the control of material cost and the complementary relationship between material and equipment cost. So the two should be controlled in synchrony, and can't split apart. As the conclusion, by applying data mining technology to analyze the cost of construction project, the construction enterprise can get the data knowledge about the factor that will influence the cost control for their construction project. References <Chinese references omitted> Nickson, david and Siddons, suzy. Managing Projects, butterworth Heinemann, oxford, 1998. Mohammed Kishk and A. Al-Hajj. An integrated Framework for Life Cycle Costing in Buildings, RICS Research Foundation, COBRA 1999 92-101. Yaw Frimpong, Jacob Oluwoye, Lynn Crawford. Causes of delay and cost overruns in construction of groundwater projects in a developing countries: Ghana as a case study, International Journal of Project Management 21 (2003) 321326. T.M.S. Elhag, A.H. Boussabaine, T. M. A. Ballal. Critical determinants of construction tendering costs: Quantity surveyors standpoint, International Journal of Project Management, 23 (2005) 538545.

    You might also like