NG3S712 - Commercial Management and Enterprise 01 Aug 2023 - 31 Jul 2029 | Version 2
Associated Module Information
| Module Code: | NG3S712 | ||
|---|---|---|---|
| Module Title: | Commercial Management and Enterprise | ||
| Faculty: | Faculty of Computing, Engineering and Science | ||
| Faculty Group: | Built Environment and Civil Engineering | ||
| Faculty Sub Group: | Built Environment | ||
| Module Leader: | Daniel Hedges, Karen Le Feuvre | ||
| Module Team: | Darryl Morgan, Miranda Thomas, Stuart Bunston, Grant Avon, Thomas Lambourne, Shane Galvin, Mary Powell, Debbie Hughes | ||
| First Intended Intake: | SEP 2022 | 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: | 100150 - construction and the built environment | ||
| HECOS Code Weighting: | 100 | ||
Document Version Information
| Version | 2 |
|---|---|
| Valid From | 01 Aug 2023 |
| Valid To | 31 Jul 2029 |
Module Aims
To provide students with the opportunity to develop commercial management and financial planning skills and knowledge
To develop industry-linked knowledge and practical skills applicable to construction and development
To build a professional identity, enhance graduate attributes and innovation
Content Summary
This module is intended to be a common final year module and provides students in the subject with the opportunity of undertaking industry-linked challenge-based learning linked to commercial management as well as aiming to enhance management and business skills in the context of construction and development.
The following content will be delivered through the module:
- Investigation into development funding and investment and financial planning of construction projects
- Overview of Generally Accepted Accounting Principles (GAAP) and International Accounting Standards (IAS)
- An overview of accounting principles and financial statements to include the development of balance sheets, profit and loss and cashflow (managing company accounts)
- Appreciation of the requirements of making a successful business / entrepreneurial pitch – Ideation
- An overview of common financial, statutory and regulatory responsibilities to include H&S requirements and taxation
- Insurance provisions in property and development
- Client Business planning, essential element of a business plan and using financial ratios
- Overview of HRM strategy and policies, setting performance indicators and carrying out appraisals
- Analysis of effective communication and negotiation strategies used in a business context
- Cost reporting, evaluating and advising on financial activity and corrective actions using Liability Statements, cost to complete and Cost Value Reconciliations (CVR)
- Application of Value Engineering in construction projects
- An overview of conflict avoidance, management and dispute resolution
Learning and Teaching Methods
| Activity Type | Hours |
|---|---|
| Lecture | 12 |
| Seminar | 12 |
| Tutorial | 6 |
| Practical classes and workshops | 6 |
| Directed Study | 152 |
| Active/Simulation Based | 6 |
| Groupwork | 6 |
| Total Hours Selected | 200 |
Learning Outcomes
| # | Learning Outcome |
|---|---|
| LO1 | Critically evaluate commercial management techniques in the context of construction and development. |
| LO2 | Critically reflect upon business and accounting fundamentals including legal, financial and regulatory compliance. |
Module Requisites
N/A
Assessment Criteria
| Assessment Category | Assessment Type | Description | Duration | Word Count | Weight (%) | Best of? | Pass Mark |
|---|---|---|---|---|---|---|---|
| Asynchronous Assessment | Student Choice 1 | One of the following assessment types can be selected by the student in order to complete the required task. Each group will be required to outline their pitch proposal and provide an outline business plan using either a report, poster or pre-recorded presentation. Each group will be required to produce a report outlining their pitch proposal and an outline business plan. Each group will be required to produce a detailed poster outlining their pitch proposal and an outline business plan. Each group will be required to record a presentation using powerpoint or similar outlining their pitch proposal and an outline business plan. | 0 | 2000 | 50 | No | 40 |
| Synchronous Onsite Oral Assessment | Presentation (Synchronous Onsite) 1 | Each group will present their pitch to a panel of entrepreneurs with questions following the presentation. | 10 | N/A | 50 | No | 40 |
Assessment Matrix
| Assessment Type | Learning Outcomes | ||
|---|---|---|---|
| LO1 | LO2 | ||
| Student Choice 1 | ✔ | ✔ | |
| Presentation (Synchronous Onsite) 1 | ✔ | ✔ | |