NG3S704 - Construction Cost Management 01 Aug 2023 - 31 Aug 2030 | Version 5
Associated Module Information
| Module Code: | NG3S704 | ||
|---|---|---|---|
| Module Title: | Construction Cost Management | ||
| Faculty: | Faculty of Computing, Engineering and Science | ||
| Faculty Group: | Built Environment and Civil Engineering | ||
| Faculty Sub Group: | Built Environment | ||
| Module Leader: | Daniel Hedges | ||
| Module Team: | Shane Galvin, Karen Lefeuvre, Stuart Bunston, Grant Avon, Thomas Lambourne, Mary Powell, Debbie Hughes | ||
| First Intended Intake: | SEP 2015 | Final Year of Intake: | |
| Date Closed: | |||
| Credit Value: | 20 | Credit Level: | 6 |
| Language: | English | ||
| Percentage of Module Taught in Welsh: | 0 | ||
| Equivalent Module: | |||
| HECOS codes: | 100151 - construction management | ||
| HECOS Code Weighting: | 100 | ||
Document Version Information
| Version | 5 |
|---|---|
| Valid From | 01 Aug 2023 |
| Valid To | 31 Aug 2030 |
Module Aims
To develop the students' understanding of the cost management process
Analyse the techniques that are available to ensure a construction project's financial success throughout its life cycle.
Content Summary
To review the cost management process throughout it’s life cycle in line with guidance from RICS and in line with NRM publications.
Students will review the following themes:
Construction market
Cost management Design/cost relationship
Value and risk management
Life cycle costing
Cost Estimating
Cost Planning and modelling
Cost control
Cash flow
Benchmarking
Whilst understanding how to report these to a client or similar within the wider built environment in the context of political and economic parameters
Learning and Teaching Methods
| Activity Type | Hours |
|---|---|
| Lecture | 10 |
| Tutorial | 20 |
| Independent Study | 100 |
| Directed Study | 50 |
| Formative Assessment - Independent | 5 |
| Active/Simulation Based | 10 |
| Groupwork | 5 |
| Total Hours Selected | 200 |
Learning Outcomes
| # | Learning Outcome |
|---|---|
| LO1 | Critically analyse the techniques that are available to manage cost throughout the construction life cycle |
| LO2 | Critically appraise the alternative cost management and performance techniques available for construction projects |
Module Requisites
N/A
Assessment Criteria
| Assessment Category | Assessment Type | Description | Duration | Word Count | Weight (%) | Best of? | Pass Mark |
|---|---|---|---|---|---|---|---|
| Asynchronous Assessment | Project 1 | A detailed analysis of a topic, involving some original research undertaken by the candidate who makes use of data from relevant sources | 0 | 2000 | 40 | No | 40 |
| Asynchronous Assessment | Case study 1 | A concentrated inquiry into a single case or subject with detailed calculations as well as written justifications. | 0 | 2000 | 60 | No | 40 |
Assessment Matrix
| Assessment Type | Learning Outcomes | ||
|---|---|---|---|
| LO1 | LO2 | ||
| Project 1 | ✔ | ✔ | |
| Case study 1 | ✔ | ✔ | |