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Construction Cost Planning (ABPL90413)

Graduate courseworkPoints: 12.5Dual-Delivery (Parkville)

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Overview

Availability
Semester 1 - Dual-Delivery
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This subject aims to give students the knowledge of the cost planning processes involved in establishing and maintaining a client’s budget within the multiple constraints of time, cost and quality. It provides students with the skills needed to effectively monitor the budget for a building project as design evolves prior to actual construction.

This subject examines the allocation of costs to individual building elements as well as developing student’s appreciation of costs, overheads and allowances that are attributed to the overall project cost.

Topics covered include design economics, building morphology, sources and uses of cost data, the cost planning of engineering services, functional analysis, computerised estimating, cash flow forecasting, and the basics of costing sustainable building design features.

This subject will involve the following software: RiB CostX 6.9. Details of software availability and pricing are captured at https://msd.unimelb.edu.au/graduate-research/resources/it-support#software


Intended learning outcomes

On completion of this subject, students should be able to:

  • Apply cost planning techniques and control measures throughout the building process
  • Evaluate the cost efficiency of designs and value for money considerations
  • Describe the relationship between building cost, external works and gross project cost
  • Use appropriate computer software for cash flow and cost modelling of buildings
  • Describe the basic principles of costing for environmental sustainability as applied to buildings

Generic skills

  • decision making and analytical skills as applicable to cost management i.e. economic analysis of projects
  • effective participation as a team member and communication
  • project evaluation, monitoring and cost reporting
  • information gathering and critical synthesis skills
  • identification and familiarity with building elements
  • understanding and application of professional ethics and conduct in practice

Last updated: 24 January 2023

Eligibility and requirements

Prerequisites

Students must meet one of the following prerequisite options:

Option 1

Admission into one of the following:

  • 200pt Program course entry point in the MC-CM Master of Construction Management
  • 300pt Program course entry point in the MC-ARCHCM Master of Architecture/Master of Construction Management
  • 300pt Program course entry point in the MC-CMPROP Master of Construction Management/Master of Property
  • 400pt Program Course entry in the MC-ARCHCM ( Master of Architecture /Master of Construction Management - Construction background)
  • 400pt Program Course entry in the MC-CMPROP (Master of Construction Management /Master of Property - Construction background)

Option 2

All of

Code Name Teaching period Credit Points
ABPL90312 Cost Management
Semester 2 (On Campus - Parkville)
 12.5
ABPL90313 Management of Construction
Semester 1 (On Campus - Parkville)
 12.5

Corequisites

None

Non-allowed subjects

None

Recommended background knowledge

Basic Knowledge in Construction Technology, Building Design, Building Estimating and Measurement

Inherent requirements (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

Last updated: 24 January 2023

Assessment

DescriptionTimingPercentage

Simple Cost Plan

  • 1000 words (equivalent)
Week 420%

Detailed priced cost Plan (group work), equivalent to 2000 words per student

  • 2000 words (each)
Week 1040%

One written examination

  • 2 hours
End of semester40%

Last updated: 24 January 2023

Dates & times

  • Semester 1
    Principal coordinatorTimothy O'Leary
    Mode of deliveryDual-Delivery (Parkville)
    Contact hours1X2 hour lecture and 1X2 hour tutorial per week
    Total time commitment170 hours
    Teaching period27 February 2023 to 28 May 2023
    Last self-enrol date10 March 2023
    Census date31 March 2023
    Last date to withdraw without fail 5 May 2023
    Assessment period ends23 June 2023

    Semester 1 contact information

    Subject Coordinator

    Timothy O'Leary

    oleary.t@unimelb.edu.au

What do these dates mean

Visit this webpage to find out about these key dates, including how they impact on:

  • Your tuition fees, academic transcript and statements.
  • And for Commonwealth Supported students, your:
    - Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
    - Completion rate. Students who started their course from 2022 and are in a CSP or receiving a HELP Loan (eg FEE-HELP) must meet the completion rate to continue to receive Commonwealth Support for that course.

Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement, and as a fail toward the completion rate, unless there are approved ‘special circumstances’.

Last updated: 24 January 2023

Further information

  • Texts

    Prescribed texts

    Jim Smith, Building Cost Planning for the Design Team 3rd Edition

    Routledge Publishing

    ISBN-13: 978-1138907379

    ISBN-10: 9781138907379

  • Subject notes

    Students need to purchase RiB CostX Educational software (ver 6.9), cost is AUS $ $20 1 yr licence

  • 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.

Last updated: 24 January 2023