Cost–Benefit Analysis of Scan-vs-BIM-Based Quality Management

Abstract

Terrestrial laser scanning (TLS) and building information modeling (BIM) play an important role as smart construction technologies introduced to increase productivity in the architecture, engineering, and construction (AEC) industry. However, these smart construction technologies have not been well introduced due to their high initial investment cost and poor performance reliability. Therefore, this study presents the results of a cost–benefit analysis to prove the investment value of terrestrial laser scanning and building information modeling. First, the reliability of this study data was increased through a case analysis of a real-world multi-project conducted by a single organization. Second, this study quantitatively proposed the economic value of terrestrial laser scanning and building information modeling by applying cost–benefit analysis (CBA). The effects of the application of terrestrial laser scanning and building information modeling on manpower input and time reduction were quantitatively analyzed through the cost–benefit analysis. The results showed that the cash value flows of terrestrial laser scanning and building information modeling could be considered to make value-for-money decisions for the adoption of terrestrial laser scanning and building information modeling in construction engineering organizations.