1. Handbook
  2. Master of Construction Management
  3. Informal Specialisation
  4. Cost Management
  5. Print

Cost Management

Master of Construction ManagementInformal specialisationYear: 2017

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Overview

The specialisation in cost management prepares students for a professional career in quantity surveying, cost engineering and cost estimating in the Australian and the international market. Its main technical component is concerned with all aspects of contractual and financial management in construction projects.

Intended learning outcomes

  • Acquire expertise in all aspects of contractual and financial management of building projects;
  • Learn how to engineer, monitor and control costs from project inception to completion;
  • Evaluate and offer appropriate advice on the financial implications of technical alternatives;
  • Develop the ability to apply the principles and theories of economics, law, management and statistics to financial management and control of projects;
  • Deal with cost control and management of risks in construction.

Last updated: 30 January 2024

Structure

All students must take:

  • 112.5 points of core specialisation subjects, including the following capstone subjects: ABPL90129 Advanced Cost Management and ABPL90308 Experiences in Industry.
  • 50 points of specialisation electives
  • 37.5 points of multidisciplinary electives which may include any of the following:
  1. Additional specialisation electives.
  2. Any Melbourne School of Design subject(s) provided preprequisites are met.
  3. Any University of Melbourne graduate subject(s) provided prerequisites are met and written approval is obtained from both the faculty through which the subject is offered and the course coordinator. Such approval must be provided to the Environments and Design Student Centre before teaching commences.

Students should choose specialisation and multidisciplinary electives in consultation with the course coordinator.

Subject Options

Cost Management specialisation subjects

Core specialisation subjects

Students are required to successfully complete all of the following subjects (112.5 points) in order to obtain the Cost Management specialisation in the Master of Construction Management.

Code Name Study period Credit Points
ABPL90129 Advanced Cost Management
Semester 2 (On Campus - Parkville)
 12.5
ABPL90135 Analytical Methods
Semester 1 (On Campus - Parkville)
 12.5
ABPL90208 Construction Measurement and Estimating
Semester 2 (On Campus - Parkville)
 12.5
ABPL90035 Risk in Construction
Semester 1 (On Campus - Parkville)
 12.5
ABPL90032 Building Services and Operations
Semester 1 (On Campus - Parkville)
 12.5
ABPL90027 Life Cycle Analysis and Sustainability
Semester 2 (On Campus - Parkville)
 12.5
LAWS70469 Construction Law
Semester 1 (On Campus - Parkville)
 12.5
ABPL90308 Experiences in Industry
Semester 1 (On Campus - Parkville)
 12.5
ABPL90010 Advanced Construction Technology
Semester 1 (On Campus - Parkville)
 12.5

Elective specialisation subjects

Students are required to successfully complete at least 50 points from the following subjects in order to obtain the Cost Management specialisation in the Master of Construction Management.

Code Name Study period Credit Points
ABPL90025 Project Management in Practice
Semester 2 (On Campus - Parkville)
 12.5
ABPL90309 Supply Chains in Construction
Semester 1 (On Campus - Parkville)
 12.5
ABPL90030 Project Evaluation
Semester 2 (On Campus - Parkville)
 12.5
ABPL90295 Construction Regulations and Control
Semester 1 (On Campus - Parkville)
 12.5
ABPL90323 Construction Scheduling
Semester 2 (On Campus - Parkville)
 12.5
ABPL90327 Procurement Methods
Semester 2 (On Campus - Parkville)
 12.5
ABPL90334 Means and Methods in Construction
Semester 1 (On Campus - Parkville)
 12.5
ABPL90331 ICT in Building
Semester 2 (On Campus - Parkville)
 12.5
ABPL90330 Economics of Building
Semester 1 (On Campus - Parkville)
 12.5
ABPL90370 Design Management
Semester 2 (On Campus - Parkville)
 12.5
ABPL90333 Specialist Contracting Not available in 2017 12.5
ABPL90207 Corporate Construction Management Not available in 2017 12.5
ABPL90028 Project Management in Theory
Semester 1 (On Campus - Parkville)
 12.5

Multidisciplinary electives

Student complete 37.5 points of multidisciplinary electives which may include any of the following:

  • Additional specialisation electives.
  • Melbourne School of Design graduate subjects provided prerequisites are met.
  • Any University of Melbourne graduate subject provided prerequisites are met and written approval from the home faculty plus the Master of Construction Management course coordinator is submitted to the Environments and Design Student Centre.

Click below for a list of Melbourne School of Design Multidisciplinary elective subjects

Code Name Study period Credit Points
Multidisciplinary elective subject list No longer available


Links

http://msd.unimelb.edu.au/master-construction-management

Last updated: 30 January 2024