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Risk Factors Affecting Equipment Management in Construction Firms
Cuong Phu PHAM,Phong Thanh NGUYEN,Phuong Thanh PHAN,Quyen Le Hoang Thuy To NGUYEN,Loan Phuc LE,My Tien Ha DUONG 한국유통과학회 2020 The Journal of Asian Finance, Economics and Busine Vol.7 No.11
Mechanization and automation constitute an essential stage in the production and operation of any company, as one of the determinants of increase in labor productivity and decrease in product price, while significantly contributing to shortening of the lead time. Businesses are, therefore, able to quickly put projects into operation, improving economic efficiency, quality, and aesthetics, which speeds up the national economic growth. For the construction industry to be the most effective, modern construction equipment is a necessity. It is one of the five main resources of a construction project. Thus, effective construction equipment management contributes to the success of a project and benefits the relevant construction companies economically. This paper presents the critical risk factors affecting equipment management and proposes suitable solutions. The questionnaire-based survey with experienced experts in the construction sector on the management of the likelihood and consequence of risk factors revealed thirty-two risks for equipment management in construction companies. These factors fell into six groups: (i) site organization-related risks; (ii) management-related risks; (iii) owner-related risks; (iv) supplier-related risks; (v) legal risks, and (vi) site condition-related and external risks. The results showed that management-related factors contributed to the most significant risks and problems for equipment management in construction companies.
Exploring Critical Risk Factors of Office Building Projects
NGUYEN, Phong Thanh,PHAM, Cuong Phu,PHAN, Phuong Thanh,VU, Ngoc Bich,DUONG, My Tien Ha,NGUYEN, Quyen Le Hoang Thuy To Korea Distribution Science Association 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.2
Risks and uncertainty are unavoidable problems in management of projects. Therefore, project managers should not only prevent risks, but also have to respond and manage them. Risk management has become a critical interest subject in the construction industry for both practitioners and researchers. This paper presents critical risk factors of office building projects in the construction phase in Ho Chi Minh City, Vietnam. Data was collected through a questionnaire survey based on the likelihood and consequence level of risk factors. These factors fell into five groups: (i) financial risk factors; (ii) management risk factors; (iii) schedule risk factors; (iv) construction risk factors; and (v) environment risk factors. The research results showed that critical factors affecting office building projects are natural (i.e., prolonged rain, storms, climate effects) and human-made issues (i.e., soil instability, safety behaviors, owner's design change) and the schedule-related risk factors contributed to the most significant risks for office buildings projects in the construction phase in Ho Chi Minh City. They give construction management and project management practitioners a new perspective on risks and risk management of office buildings projects in Ho Chi Minh City and are proactive in the awareness, response, and management of risk factors comprehensively.
Critical Factors of Subcontractor Evaluation and Selection: A Case Study in Vietnam
VO, Khoa Dang,PHAM, Cuong Phu,PHAN, Phuong Thanh,VU, Ngoc Bich,DUONG, My Tien Ha,LE, Loan Phuc,NGUYEN, Quyen Le Hoang Thuy To Korea Distribution Science Association 2021 The Journal of Asian Finance, Economics and Busine Vol.8 No.3
A contractor or a main contractor is a company with full capacity to construct all project's works for the owner. A subcontractor is an organization that works with the main contractor to execute and complete work packages for the project. Selecting an effective subcontractor will help the efficiency and success of any projects in the construction industry. Therefore, this study identified subcontractor evaluation factors in Vietnam by collecting questionnaire survey data from engineers and staffs in the construction industry project environment. An exploratory factor analysis (EFA) was then performed to identify the critical factors when evaluating and selecting the subcontractor in construction projects. Moreover, when considering the impact level in terms of the average value, the research results showed that the most critical concern was the subcontractor's reputation. Furthermore, the top five factors affecting the sub-contractor evaluation and selection are (i) reputation, (ii) price, (iii) construction techniques, (iv) ability to implement projects according to commitments, and (v) subcontractor competence (the team of workers, technician staff, engineers with full capacity according to regulations). These research results provide an overall perspective that will help main contractors develop suitable subcontractors' evaluation and selection factors in their projects in the construction industry.
Factors Influencing Cost Overruns in Construction Projects of International Contractors in Vietnam
VU, Thong Quoc,PHAM, Cuong Phu,NGUYEN, Thu Anh,NGUYEN, Phong Thanh,PHAN, Phuong Thanh,NGUYEN, Quyen Le Hoang Thuy To Korea Distribution Science Association 2020 The Journal of Asian Finance, Economics and Busine Vol.7 No.9
A construction project is a designed product made up of labors, materials, and installations in the project positioned on the ground and may include the underground and ground section, and the section in water or on the water surface. It is a civil, industrial, transport, agricultural and rural development, infrastructure, or some other. A key phase in the life cycle of these construction projects is the implementation when building products are made directly with workers, equipment, materials, and managers. If there is a lack of management experience, information, and problem-solving solutions to tackle the risks faced by contractors, especially foreign ones, will fail in controlling the project's cost. This study was conducted with investigations, discussions, and evaluation of the factors that lead to cost overruns in the construction projects of international contractors in Vietnam. The principal component analysis (PCA) showed that those factors that influence cost overruns these construction projects fall into five general groups, including factors related to (i) the owners, (ii) the foreign contractors, (iii) the subcontractors and suppliers, (iv) state management, and (v) the project itself. Besides, the study proposes solutions to limit cost overruns in construction projects and improve the profitability of international contractors in Vietnam.
Factors Affecting the Work Motivation of the Construction Project Manager
PHAN, Phuong Thanh,PHAM, Cuong Phu,TRAN, Nhu Thi Quynh,LE, Hang Thi Thu,NGUYEN, Hanh Thi Hong,NGUYEN, Quyen Le Hoang Thuy To Korea Distribution Science Association 2020 The Journal of Asian Finance, Economics and Busine Vol.7 No.12
Project manager plays a very important role in the success of any project. The primary duty of the project manager is to combine the outcomes or results of the various processes and activities of project management into a systematic project management strategy or plan for the project. In the construction industry, a lack of motivation is an urgent problem for many project managers in construction and engineering projects. Lack of motivation affects the quality and productivity of jobs, reducing profits and growth for companies, businesses, contractors or organizations that rely on human resources. The reasons for this lack of motivation are diverse ranging from salary to culture to life and working environment, among others. Through surveys and data analysis using Cronbach's Alpha reliability and EFA (Exploratory Factor Analysis), our research scaled the factors affecting work motivation of project managers in the construction industry in Vietnam. The research results identified six major groups of relevant factors including (i) salary and benefits, (ii) work environment, (iii) promotion opportunities, (iv) organizational culture, (v) interest in the job, and (vi) relationship with the organization. From there, this paper contributed useful information as well as measures for businesses, companies, contractors or organizations in the construction industry.
Copper Tolerance of Novel Rhodotorula sp. Yeast Isolated from Gold Mining Ore in Gia Lai, Vietnam
Kim Cuc Thi Nguyen,Phuc Hung Truong,Cuong Tu Ho,Cong Tuan Le,Khoa Dang Tran,Tien Long Nguyen,Manh Tuan Nguyen,Phu Van Nguyen 한국균학회 2023 Mycobiology Vol.51 No.6
In this study, twenty-five yeast strains were isolated from soil samples collected in the goldmining ore in Gia Lai, Vietnam. Among them, one isolate named GL1T could highly tolerateCu2þ up to 10 mM, and the isolates could also grow in a wide range of pH (3–7), and temperature(10–40 �C). Dried biomass of GL1 was able to remove Cu2þ effectively up to 90.49%with a maximal biosorption capacity of 18.1 mg/g at pH 6, temperature 30 �C, and incubationtime 60 min. Sequence analysis of rDNA indicated this strain was closely related toRhodotorula mucilaginosa but with 1.53 and 3.46% nucleotide differences in the D1/D2domain of the 28S rRNA gene and the ITS1-5.8S rRNA gene-ITS2 region sequence, respectively. Based on phylogenetic tree analysis and the biochemical characteristics, the strainappears to be a novel Rhodotorula species, and the name Rhodotorula aurum sp. nov. is proposed. This study provides us with more information about heavy metal-tolerant yeasts andit may produce a new tool for environmental control and metal recovery operations.