|Year of offer||2018|
|Subject level||Graduate coursework|
|Fees||Subject EFTSL, Level, Discipline & Census Date|
This subject was formerly called Project Evaluation and Management.
This subject develops fundamental knowledge in the technical modeling and evaluation of projects’ feasibility, procurement strategies and outcomes, both in the public and the private sector. Topics covered include: capital formation; role of interest rates; assessing financial feasibility and the investment decision; project financing and financing instruments; technological strategies; profitability; socio-economic impact of projects; cost-benefit analysis; fitness for purpose; and revision of forecasts and financial decisions during project implementation. Students are required to apply this knowledge to real-life case projects to develop appropriate models for the analysis and evaluation of how the work meets objectives and expectations of the parties involved.
Intended learning outcomes
- To develop skills in project modelling and evaluation, making investment decisions and assessing project impacts and benefits against costs.
- To understand the financial, economic and other technical aspects of project evaluation;
- To develop analytical and problem-solving skills in relation to such aspects;
- To evaluate project feasibility and success;
- To facilitate decision-making on project investments.
On completion of this subject, students will have gained skills in:
- An appreciation of the scope and dimensions of professional roles;
- The ability to function effectively as either a team leader or member within multi-disciplinary and multi-cultural teams;
- A commitment to, and fundamental appreciation of, the concept of successful teamwork and the ability to communicate effectively, clearly and concisely as a team leader or member of the group;
- An ability to communicate ideas, concepts and solutions to both technical and non-technical audiences effectively, clearly and concisely;
- An ability to carry out research and apply fundamental theoretical knowledge to problem solving in relevant disciplines.
Eligibility and requirements
Admission into the MCCM-200EP Master of Construction Management (200-pt Entry Point)
|Code||Name||Teaching period||Credit Points|
|ABPL90313||Management of Construction||
Plus completion of at least 3 of the following subjects:
|Code||Name||Teaching period||Credit Points|
|ABPL90290||Fundamentals of Built Environment Law||
|ABPL90292||Construction of Buildings||
|ABPL90324||Materials and Structures||
Approval from the Course Coordinator
Core participation requirements
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
- Two assignments equivalent to a total of 2000 words (40%) due in week 7 and 11, demonstrating the theoretical understanding of the project evaluation techniques in both financial and non-financial terms and application of knowledge in the real life case projects for developing project appraisals and appropriate decision-making.
- Reflective report equivalent to 1000 words (20%) due in week 12, demonstrating the progressive development of new knowledge and acquired competencies with respect to the target and learning outcomes in the subject.
- Two hour examination equivalent to 2000 words during the examination period (40%) demonstrating a critical analysis of the theories, principles, tools and techniques of project evaluation applied across both public and private sector construction projects.
Hurdle requirement: A minimum mark of 40% has to be achieved in the examination in order to pass this subject.
Dates & times
- Semester 2
Principal coordinator Hemanta Doloi Mode of delivery On Campus — Parkville Contact hours 3 hours per week Total time commitment 170 hours Teaching period 23 July 2018 to 21 October 2018 Last self-enrol date 3 August 2018 Census date 31 August 2018 Last date to withdraw without fail 21 September 2018 Assessment period ends 16 November 2018
Semester 2 contact information
Time commitment details
Recommended texts and other resources
- Course materials.
- Grant, Ireson and Leavenworth, Principles of Engineering Economy, Wiley.
- Blank and Tarquin, Engineering Economy, McGraw-Hill.
- Subject notes
Special Computer Requirements: A PC with Windows operating system; internet access and a webcam.
Resources provided to distance students: Internet-based IT framework (Learning Management System) with secured access facilitating completion of assignments handed out during the workshop session and online access to other students and the subject coordinator/tutor.
- Related Handbook entries
This subject contributes to the following:
Type Name Informal specialisation Cost Management Informal specialisation Project Management Major Tailored Specialisation Informal specialisation Policy Major Energy Efficiency Modelling and Implementation Major Energy Efficiency Modelling and Implementation Informal specialisation Project Management Informal specialisation Cost Management Informal specialisation Research and Development Informal specialisation Policy Specialisation (formal) Project Management Informal specialisation Corporate Management Informal specialisation Corporate Management Informal specialisation Cost Management Informal specialisation Project Management Major Tailored Specialisation Major Tailored Specialisation Major Tailored Specialisation Major Tailored Specialisation Major Energy Efficiency Modelling and Implementation Major Tailored Specialisation
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
- Available to Study Abroad and Exchange students
This subject is available to students studying at the University from overseas institutions on exchange and study abroad.