Cost Engineering

CVE30004 12.5 Credit Points Hawthorn, Sarawak

Duration

  • One Semester or equivalent

Contact hours

  • 48 hours

2019 teaching periods

Hawthorn
Higher Ed.  Semester 2
5 Aug 193 Nov 19
Results: 10 Dec 19
 
Last self enrolment: 18 Aug 19
Census: 31 Aug 19
Last withdraw without fail: 20 Sep 19

Prerequisites

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

Aims and objectives

This unit of study aims to introduce you to the principles and professional practices of Total Cost Management and its application for engineered projects.

Unit Learning Outcomes (ULO)
1. Describe the various steps in the life cycle of a project, from concept through evaluation, Go/No Go decisions, execution (engineering & construction), start up and commissioning, operation & maintenance, etc. to end of life activities. (K1, K5, S2, S4, A4)
2. Describe the basic project delivery systems used for project execution, the varying contractual and commercial relationships generally associated with each system, and their advantages and disadvantages. (K3, S4).
3. Select and apply basic aspects of engineering economics, including the various measures used to evaluate potential projects or compare financial alternatives, benefit-cost analysis, cash and investment flows, inflation and escalation, foreign exchange and hedging. (K3, K5, K6, S1)
4. Quantify basic quantities using Australian Standard method of measurement of civil engineering works and associated building works, and prepare bills of quantities. (K2, A4)
5. Appreciate the basis for planning engineering construction projects and knowledge of setting such inputs into a construction schedule. (S2, S4, A3)
6. Construct bar (Gantt) charts and logic networks for project execution and analyse networks to determine critical paths using software. (S1, S4, A7)
7. Quantify the various categories of costs which will be incurred during project execution, including quantity-proportional direct costs, time based and fixed indirect project costs, allowances, contingencies, mark ups for corporate overheads and profits. (K2, K3, S2, S4, A4)