Title A Study on the Current Situations about the Use of Big Data for Cost Estimating Tasks in CM Companies
Authors Kim, Hyeon Jin ; Kim, Han Soo
DOI https://dx.doi.org/10.6106/KJCEM.2020.22.6.024
Page pp.24-33
ISSN 2005-6095
Keywords Cost Estimating; Use of Big Data; Construction Management Companies; IPA Technique
Abstract Cost management is a major function of CM (construction management) companies for clients and cost estimating is a critical task in that it provides a baseline for cost management and a foundation for decision making in construction projects. For this purpose, CM companies need to obtain and use good quality data, which leads to more accurate and efficient cost estimating. As the use of big data becomes increasingly important in the construction industry, researches related to the theme have become the active areas of studies. However, literature review shows that the current situations in relation to the use of big for cost estimating of CM companies are under-researched. The objective of the study is to identify key characteristics and implications in the use of big data for cost estimating of CM companies, which can contribute to develop strategies for such purposes.