Cost Engineering

CVE30004 12.5 Credit Points Hawthorn, Sarawak

Duration

  • One Semester or equivalent

Contact hours

  • 48 hours

Prerequisites

175 credit points
 
Assumed knowledge:
Competence in Microsoft Word and Excel 
 
Anti-requisite 

Aims and objectives

The study modules for this course introduce students to the key indicators for a general understanding of project costing and project controls for civil engineering projects. It presents an overview of the main challenges and opportunities associated with project execution, risk, economics, estimating, tendering, planning and scheduling for project success. Factors that need to be familiar to and understood by project cost engineers are also outlined.
 
Unit Learning Outcomes
On successful completion of this unit students will be able to:
#Unit Learning Outcome Description
ULO1Describe the various steps in the life cycle of a project, and basic project delivery systems used for project execution (K3, K5, S4, A4)
ULO2Apply fundamentals of engineering economics, including the time value of money and various measures used to evaluate projects, compare financial alternatives such as cost-benefit analysis, cash and investment flows, inflation, escalation, and foreign exchange. (K2, K3, K6, S1)
ULO3Quantify and prepare bill of quantities using the Australian Standard method of measurement of civil engineering works and building works. (K2, A4)
ULO4Appreciate the fundamentals of project planning and scheduling for cost engineering purpose. (S2, S4, A3, A7)
ULO5Recognise applicable project costs and apply estimating principles to prepare various levels of cost estimates for different project phases. (K2, K3, S1, S4, A4)
ULO6Function professionally as an individual and as part of a team to evaluate project progress, forecast completion, manage change and risk, and communicate with stakeholders to deliver projects to budget and on time. (K6, S1, S4, A7)
ULO7Use engineering tools to manage cost information for accurate and professional analysis and reporting. (K2, S4, A4)