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    Comparable Performance Measurement System for Construction Companies

    Source: Journal of Management in Engineering:;2007:;Volume ( 023 ):;issue: 003
    Author:
    Ilhan Yu
    ,
    Kyungrai Kim
    ,
    Youngsoo Jung
    ,
    Sangyoon Chin
    DOI: 10.1061/(ASCE)0742-597X(2007)23:3(131)
    Publisher: American Society of Civil Engineers
    Abstract: The construction industry has mainly relied on financially focused performance measurements, and studies on performance measurement systems (PMSs) have been carried out at the project level. However, recently, the demand for performance evaluation and management at the company level has increased. A few previous efforts have aimed to develop a conceptual framework for company performance, but there have been few follow-up studies. From this perspective, we have developed an implementation model and practical methodology to measure and compare the performance of construction companies. First, our thorough qualitative and quantitative analysis was used to develop a set of indicators for performance measurement, and an analysis of the relative weightings of the indicators was carried out. Second, we calculated the performance score of construction companies using a study of 34 Korean construction companies. Finally, we carried out a performance evaluation and system analysis using the calculated performance scores and identified practical issues for the implementation of our PMS. Using the results of our analytical processes identified in this work, further research is suggested.
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      Comparable Performance Measurement System for Construction Companies

    URI
    http://yetl.yabesh.ir/yetl1/handle/yetl/42484
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    contributor authorIlhan Yu
    contributor authorKyungrai Kim
    contributor authorYoungsoo Jung
    contributor authorSangyoon Chin
    date accessioned2017-05-08T21:11:59Z
    date available2017-05-08T21:11:59Z
    date copyrightJuly 2007
    date issued2007
    identifier other%28asce%290742-597x%282007%2923%3A3%28131%29.pdf
    identifier urihttp://yetl.yabesh.ir/yetl/handle/yetl/42484
    description abstractThe construction industry has mainly relied on financially focused performance measurements, and studies on performance measurement systems (PMSs) have been carried out at the project level. However, recently, the demand for performance evaluation and management at the company level has increased. A few previous efforts have aimed to develop a conceptual framework for company performance, but there have been few follow-up studies. From this perspective, we have developed an implementation model and practical methodology to measure and compare the performance of construction companies. First, our thorough qualitative and quantitative analysis was used to develop a set of indicators for performance measurement, and an analysis of the relative weightings of the indicators was carried out. Second, we calculated the performance score of construction companies using a study of 34 Korean construction companies. Finally, we carried out a performance evaluation and system analysis using the calculated performance scores and identified practical issues for the implementation of our PMS. Using the results of our analytical processes identified in this work, further research is suggested.
    publisherAmerican Society of Civil Engineers
    titleComparable Performance Measurement System for Construction Companies
    typeJournal Paper
    journal volume23
    journal issue3
    journal titleJournal of Management in Engineering
    identifier doi10.1061/(ASCE)0742-597X(2007)23:3(131)
    treeJournal of Management in Engineering:;2007:;Volume ( 023 ):;issue: 003
    contenttypeFulltext
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