Commercial and Value Management - THA1034

Assessment 1: Written assignment (coursework)

Formative assessment will be included in the coursework, which will normally take the form of formative feedback, prior to the submission of the work as part of the summative assessment for the module.

Written Assignment

Assessment 2: Exam

Exam

Assessment 1: Written Assignment

Commercial and Value Management Case Study.

<p>The aim of the module is to enable you to develop an in-depth understanding of the processes of commercial and value management and apply the risk management principles and decision making criteria for the commercial management and cost control of construction and property projects. It will also introduce the emerging processes and techniques to improve the reliability and accuracy of the practice.</p>

School of Arts and Humanities

<p><a href="http://library.hud.ac.uk/my/THA1034">http://library.hud.ac.uk/my/THA1034</a></p>

Construction

THA1034 - Commercial and Value Management

Commercial and Value Management

be able to evaluate the strengths and weaknesses of the various risk and value appraisal techniques and indicators for commercial management.

be able to complete various commercial management tasks such as cash-flow forecasting; whole life costing, budget forecasting, interim and final valuations, cost – value reconciliations.

be able to assess the principles and various techniques for financial management and payments at construction stage, contractor’s tender pricing, tender evaluations, management of sub-contractors and the supply chain.

be able to demonstrate high-level communication skills (oral, written) and problem-solving skills.

be able to produce value evaluations using the given techniques.

be able to recognise the concept of whole life costing and its impact on sustainability, facilities management,, various commercial management aspects, processes and techniques in construction.

be able to explain the relationship between design and cost and value.

be able to recognise the implications of the construction and property limitations and reservations of value management and commercial management.