CONMGNT 7047 - Cost Planning and Management
North Terrace Campus - Semester 2 - 2022
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General Course Information
Course Details
Course Code CONMGNT 7047 Course Cost Planning and Management Coordinating Unit School of Architecture and Built Environment Term Semester 2 Level Postgraduate Coursework Location/s North Terrace Campus Units 3 Contact Up to 3 hours per week Available for Study Abroad and Exchange Y Assessment Class quiz, discussion paper and building tender assignment Course Staff
Course Coordinator: Navodana Rodrigo
Course Timetable
The full timetable of all activities for this course can be accessed from Course Planner.
Refer to MyUni for more information. -
Learning Outcomes
Course Learning Outcomes
On successful completion of this course students will be able to:
1. Distinguish the various types of contracts that are applied to construction projects
2. Demonstrate the administration procedures that are used with various contract types
3. Determine plans and strategies to manage conflicts and disputes
4. Analyse financial performance at the business and the project levels (e.g. cash flow and profitability)
5. Develop corrective and preventive cost planning measures to evaluate financial performance
6. Manage document control, information management and reporting systemsUniversity Graduate Attributes
This course will provide students with an opportunity to develop the Graduate Attribute(s) specified below:
University Graduate Attribute Course Learning Outcome(s) Attribute 1: Deep discipline knowledge and intellectual breadth
Graduates have comprehensive knowledge and understanding of their subject area, the ability to engage with different traditions of thought, and the ability to apply their knowledge in practice including in multi-disciplinary or multi-professional contexts.
1,2,3,4,5,6 Attribute 2: Creative and critical thinking, and problem solving
Graduates are effective problems-solvers, able to apply critical, creative and evidence-based thinking to conceive innovative responses to future challenges.
4,5,6 Attribute 3: Teamwork and communication skills
Graduates convey ideas and information effectively to a range of audiences for a variety of purposes and contribute in a positive and collaborative manner to achieving common goals.
2,3,4,5,6 Attribute 4: Professionalism and leadership readiness
Graduates engage in professional behaviour and have the potential to be entrepreneurial and take leadership roles in their chosen occupations or careers and communities.
3,4,5 Attribute 5: Intercultural and ethical competency
Graduates are responsible and effective global citizens whose personal values and practices are consistent with their roles as responsible members of society.
1,2,3,4,5,6 Attribute 8: Self-awareness and emotional intelligence
Graduates are self-aware and reflective; they are flexible and resilient and have the capacity to accept and give constructive feedback; they act with integrity and take responsibility for their actions.
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Learning Resources
Recommended Resources
Please refer to MyUni for details of recommended readings and websites
Following journals are suggested reading for this subject:
• Journal of Cleaner Production
• Journal of Construction Engineering and Management
• Journal of Management in Engineering
• Building and Environment
• International Journal of Project Management
• Energy and Buildings
• Applied Energy
• Project Management Journal
• Construction Management and Economics
• Facilities
• Journal of Green Building
• Energy Policy
Other locations for resources will be distributed during lectures.Online Learning
University Email:
The school uses the University email system to get in touch with the students. So it is imperative that you check your email regularly and keep up to date with any new announcements.
MyUni:
MyUni is an essential online tool which will be used to communicate information regarding the course including details of assignments and interim grades. There are many other learning resources and assessment pieces that rely on the MyUni system for delivery. Therefore it is recommended that you familiarise yourself with the various functions of MyUni and employ it to its fullest extent. https://myuni.adelaide.edu.au
Discussion Board:
The MyUni Discussion Board can be used to interact with other students and tutors and is an essential tool to discuss information and increase your understanding of issues.
Lecture Recording:
In certain cases the recording of the lectures is made available in electronic format for students to listen through on their own time and make notes, and is provided through the MyUni system. However, this service is only available for lectures with essential course content and may not include guest lectures. Furthermore, where the presentation content is subject to copyright or the guest speaker is uncomfortable with the recording of the content, the lecture recording will not be made available online. So students should not rely solely on this mode of learning and arrange to attend or get lecture content from peers. -
Learning & Teaching Activities
Learning & Teaching Modes
The learning and teaching strategy is an active learning one, using a range of problems, application and case studies. The contents of this course will be delivered in forms of lectures and tutorials. Principles of cost planning and management will be covered in 1-hour lecture on a weekly basis. This will be followed by 2-hour tutorial which is designed to allow students to practice those principles introduced during the lecture sessions. Case studies will enrich student’s understanding of managing cost issues in building and civil engineering projects. Tutorials are designed to facilitate students’ communication skills such as documenting cost related information and reporting to various stakeholders.
The approach to assessment is one of integration with teaching and “assessment for learning” rather than of learning. Students will receive feedback progressively throughout the semester. Deadlines for assessment will be strictly enforced which will provide an overall framework for the semester of study.Workload
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
The information below is provided as a guide to assist students in engaging appropriately with the course requirements.
The University expects full-time students (ie. those taking 12 units per semester) to devote at least 48 hours per week to their studies. Accordingly, students undertaking this 3 unit course are expected to devote 12 hours per week to contact activities and self-guided studies.
Based on this framework here are some figures that might assist workload management:
For a 3 unit course:
Total workload hours: 12 Hrs per week x 13 weeks = 156 Hrs
Total contact hours: 3 Hrs per week x 12 weeks = 36 Hrs
Total self-guided study: 156 Hrs – 36 Hrs = 120 Hrs
These 120 hours should be used towards preparation of weekly tasks and for completion of the various assignments associated with the course, including development of various skills required to complete the same. Please organise your time wisely.
This is a 3 unit course. Recommended study commitments are meant to be hours of full time study, not just sitting thinking about the subject! The communication skills developed by regularly and actively participating in discussions are considered to be most important by the School and are highly regarded by employers and professional bodies.Learning Activities Summary
Essential information on cost planning and management concepts and approaches, definitions of activities, management strategies, analysis techniques and contemporary issues will be dealt with by structured lecture and tutorial sessions. Tutorial sessions are featured with problem based/case study exercises. The approach is progressive, building upon fundamental concepts and knowledge acquisition with increasingly complex problem based exercises.
In lecture sessions, principles of cost planning and management in building and civil engineering projects will be discussed. Students will be encouraged to relate these principles to the real life projects through reading academic papers and resources from the professional bodies such as Royal Institution of Chartered Surveyors, The Chartered Institute of Building, and The Australian Institute of Quantity Surveyors. In tutorial sessions, students will work in groups to use their skills and knowledge to tackle these cost planning and management related issues such as contract administration, dispute resolution, financial performance reporting, etc.Specific Course Requirements
Students are expected to listen to the weekly lecture prior to attending the weekly face-to-face/online studio session as the knowledge delivered through the lecture would assist in completing the activities done during studios. -
Assessment
The University's policy on Assessment for Coursework Programs is based on the following four principles:
- Assessment must encourage and reinforce learning.
- Assessment must enable robust and fair judgements about student performance.
- Assessment practices must be fair and equitable to students and give them the opportunity to demonstrate what they have learned.
- Assessment must maintain academic standards.
Assessment Summary
Assessment Task Task Type Weighting Due Learning Outcome Discussion Paper Summative 35% Week 6 2,3,4 Class Quiz Summative 25% Week 8 1,2,3 Building Tender Assignments Summative 40%
(10% individual and
30% collaborative)Week 11 1,2,3,4,5,6 Total 100% Assessment Detail
Refer to MyUni for more information.Submission
Submission format
All submissions for this course will be electronically through MyUni.
All submissions must include Student Name and Student ID Number. Submissions without Student Name or ID Number will not be considered for marking, and will receive zero marks in accordance with the guidelines.
In addition, all assessments need to have an Assessment Cover Sheet which must be signed and dated by the student before submission. Please attach the cover sheet in front of the document, to the top left hand corner.
Students must not submit work for an assessment that has previously been submitted for this course or any other course without prior approval from the Course Coordinator.
Deadlines
It is essential to meet the deadlines of this course. Note that NO LATE submissions will be accepted.
Extension requests
If you need to request an extension for any of the assessments, you will need to provide justification based on grounds of either medical, compassionate or extenuating circumstances and you need to provide documentary evidence (e.g. form signed by Medical Practitioner - the type of evidence required is indicated on the form) to support your case in line with the Modified Arrangement for Coursework Assessment (MACA) Policy.
The completed ’Application for Assessment Extension’, should be emailed to the Course Coordinator before the assessment deadline for consideration.
Academic Integrity Policy
The Academic Integrity Policy applies to all students, and students are advised to be familiar with the policy. Software (e.g. TurnItIn) may be used to verify the originality of submissions.Course Grading
Grades for your performance in this course will be awarded in accordance with the following scheme:
M10 (Coursework Mark Scheme) Grade Mark Description FNS Fail No Submission F 1-49 Fail P 50-64 Pass C 65-74 Credit D 75-84 Distinction HD 85-100 High Distinction CN Continuing NFE No Formal Examination RP Result Pending Further details of the grades/results can be obtained from Examinations.
Grade Descriptors are available which provide a general guide to the standard of work that is expected at each grade level. More information at Assessment for Coursework Programs.
Final results for this course will be made available through Access Adelaide.
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Student Feedback
The University places a high priority on approaches to learning and teaching that enhance the student experience. Feedback is sought from students in a variety of ways including on-going engagement with staff, the use of online discussion boards and the use of Student Experience of Learning and Teaching (SELT) surveys as well as GOS surveys and Program reviews.
SELTs are an important source of information to inform individual teaching practice, decisions about teaching duties, and course and program curriculum design. They enable the University to assess how effectively its learning environments and teaching practices facilitate student engagement and learning outcomes. Under the current SELT Policy (http://www.adelaide.edu.au/policies/101/) course SELTs are mandated and must be conducted at the conclusion of each term/semester/trimester for every course offering. Feedback on issues raised through course SELT surveys is made available to enrolled students through various resources (e.g. MyUni). In addition aggregated course SELT data is available.
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Student Support
- Academic Integrity for Students
- Academic Support with Maths
- Academic Support with writing and study skills
- Careers Services
- International Student Support
- Library Services for Students
- LinkedIn Learning
- Student Life Counselling Support - Personal counselling for issues affecting study
- Students with a Disability - Alternative academic arrangements
- YouX Student Care - Advocacy, confidential counselling, welfare support and advice
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Policies & Guidelines
This section contains links to relevant assessment-related policies and guidelines - all university policies.
- Academic Credit Arrangements Policy
- Academic Integrity Policy
- Academic Progress by Coursework Students Policy
- Assessment for Coursework Programs Policy
- Copyright Compliance Policy
- Coursework Academic Programs Policy
- Elder Conservatorium of Music Noise Management Plan
- Intellectual Property Policy
- IT Acceptable Use and Security Policy
- Modified Arrangements for Coursework Assessment Policy
- Reasonable Adjustments to Learning, Teaching & Assessment for Students with a Disability Policy
- Student Experience of Learning and Teaching Policy
- Student Grievance Resolution Process
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Fraud Awareness
Students are reminded that in order to maintain the academic integrity of all programs and courses, the university has a zero-tolerance approach to students offering money or significant value goods or services to any staff member who is involved in their teaching or assessment. Students offering lecturers or tutors or professional staff anything more than a small token of appreciation is totally unacceptable, in any circumstances. Staff members are obliged to report all such incidents to their supervisor/manager, who will refer them for action under the university's student’s disciplinary procedures.
The University of Adelaide is committed to regular reviews of the courses and programs it offers to students. The University of Adelaide therefore reserves the right to discontinue or vary programs and courses without notice. Please read the important information contained in the disclaimer.
