Basic Principles and the Scorecard of Economic Evaluation of Building Information Modelling Introduction in the Activities of Construction Organizations

Abstract:

The purpose of the article is the analysis of the process of building information modeling (BIM) implementation in the construction industry. One of the objectives of this article is a definition of the basic principles and the scorecard of economic evaluation of BIM introduction in the activities of construction organizations based on the methodological recommendations for the assessment of investment and IT-projects. The article will be useful for organizations that carry out construction projects in the metallurgy industry.

At the present time the construction industry is in the process of modernization. As a result, all participants of construction of capital objects and structures (designers, builders, and facility companies, suppliers of materials and machines, financial organization and etc.) put completely new objectives and have the requirements that haven`t previously arisen. The main reasons of changes in the construction process are connected with the high rates of construction, the increase in the number of unique objects that require an integrated and interlinked approach at all stages of the life cycle, and the need to reduce costs and improve the efficiency of management. The established methods have been replaced by the new direction – building information modeling (BIM).

The effectiveness of BIM projects must involve a balance of profits and costs, or the feasibility of implementation. In this regard, the process of BIM implementation in the activities of construction organizations can be considered as an investment or IT-project. The efficiency analysis of these projects is made on the basis of already developed guidelines and principles. The assessing of the effectiveness of the BIM projects implementation requires the development of the scorecard, which includes cost-based, organizational, technical, temporal and social groups of indicators.

The identification of the scorecard and the stages of evaluation, based on the analysis of economic efficiency of investment and IT-projects, can form the basic principles of economic evaluation of BIM introduction in the activities of construction organization. These principles are the principles of economic efficiency of investments into the BIM project, the preliminary calculation, the independent evaluation and the principle of uncertainties and risks etc.

 

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