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\r\n\tThis module covers the basic principles relating to cost management, with particular emphasis on estimating of items of the work to be undertaken on projects, tendering and cost control. Major topics are quantitative techniques in cost analysis, cost planning, approximate estimating and tendering procedures. The principles governing the pricing of items and building up rates for items of work are also covered.
\r\n\r\n\tLearning outcomes:
\r\n\r\n\tLectures: 2 hours per week.
\r\n\r\n\tTutorials: 2 hours on alternate weeks.
\r\n","Order":3},{"ID":"4e5f053b-8835-4692-be49-41f07234cfff","Title":"Schedule","Description":"See lesson plan.","Order":4},{"ID":"5e5f053b-8835-4692-be49-41f07234cfff","Title":"Synopsis","Description":"\r\n\tThe aims of this module are to give students the knowledge of cost management, project economics, and scientific principles relating to estimating and tendering. The learning objectives include the abilities to ascertain the cost of developing a facility, calculating the total life cycle cost of a facility, and selecting strategies to help firms win projects.
\r\n\tThe major topics to be covered include:
\r\n\r\n\tFinal assessment: 70% open book examination.
\r\n\r\n\tContinuous assessment:
\r\n\r\n\t1. Tutorial 1 (personal effort): 2%
\r\n\t2. Tutorial 2/3/4/5 (group effort): 20%
\r\n\t3. Online evaluation of peers (group mates) and self (personal effort): 3%
\r\n\t4. Participation at tutorials 2-5: 5%
\r\n\t
\r\n\tTutors:
\r\n\tNotwithstanding what is shown in the Class Time Table, these are the tutors for the tutorials:
\r\n\r\n\tTutorial 1 for ALL groups: by A/Prof Florence Ling
\r\n\r\n\tTutorials 2, 3, 4 and 5 for ALL groups: by Dr Lu Yujie.
\r\n\t
\r\n\t