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Integrated Performance Evaluation Model for Project Execution in Urban Old Community Renovation

In: Proceedings of the 2025 7th International Conference on Economic Management and Cultural Industry (ICEMCI 2025)

Author

Listed:
  • Yu Yang

    (Changchun Institute of Technology)

  • Yali Zhu

    (Changchun Institute of Technology)

Abstract

The rapid urbanization of China has accelerated the modernization of old urban communities, but empirical evidence shows that over 68% of Urban Old Community Renovation (UOCR) projects are over budget and 45% are over schedule. A Fuzzy Analytic Hierarchy Process (FAHP), Data Envelopment Analysis (DEA), and Multi-Agent Simulation (MAS)-based Integrated Performance Evaluation Model (IPEM) addresses such inefficiencies. IPEM was utilized on 30 Shanghai Urban Operation and Construction projects from 2020 to 2025 to analyze 15 KPIs in economic, social, environmental, and technical areas. The mean efficiency (mean 0 = 0.83) of initiatives that allocated more resources to social outcomes (C2 > 0.30) was 12.4% higher. The MAS simulation results showed that heavy oversight reduces timetable adherence by roughly 14%, whereas redistributing budget to stakeholder engagement and structural safety increases it by 63%. In comparison to standard Earned Value Management (EVM), IPEM framework decreases cost deviation by 22.7% and schedule compliance by 17.3% (p

Suggested Citation

  • Yu Yang & Yali Zhu, 2025. "Integrated Performance Evaluation Model for Project Execution in Urban Old Community Renovation," Advances in Economics, Business and Management Research, in: Abdelhak Senadjki & Chee Yoong Liew & Yahua Xu & Fong Peng Chew (ed.), Proceedings of the 2025 7th International Conference on Economic Management and Cultural Industry (ICEMCI 2025), pages 137-143, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-888-2_16
    DOI: 10.2991/978-94-6463-888-2_16
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