Cost Engineering

CVE30004 12.5 Credit Points Hawthorn, Sarawak


  • One Semester or equivalent

Contact hours

  • 48 hours face to face + Blended

On-campus unit delivery combines face-to-face and digital learning.


175 credit points
50 credit points for students in AB-APPTEC only
Anti-requisite (Similar Content)
CSM80001 Project Costing
CVE30005 Cost Engineering Project 
Assumed Knowledge
Competence in Microsoft Word and Excel

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 (ULO)
On successful completion of this unit students will be able to: 
1. Describe the various steps in the life cycle of a project, and basic project delivery systems used for project execution (K3, K5, S4, A4) 
2. Apply 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) 
3. Quantify and prepare bill of quantities using the Australian Standard method of measurement of civil engineering works and building works. (K2, A4) 
4. Appreciate the fundamentals of project planning and scheduling for cost engineering purpose. (S2, S4, A3, A7) 
5. Recognise applicable project costs and apply estimating principles to prepare various levels of cost estimates for different project phases. (K2, K3, S1, S4, A4) 
6. Function 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)
7. Use engineering tools to manage cost information for accurate and professional analysis and reporting. (K2, S4, A4) 
Swinburne Engineering Competencies (A1-7, K1-6, S1-4): find out more about Engineering Skills and Competencies including the Engineers Australia Stage 1 Competencies.