Please note
This document only provides information for the academic year selected and does not form part of the student contract
School:
School of Arts and Humanities
Credit Rating:
20
Level (including FHEQ):
H (FHEQ Level 6)
Graded or Non Graded:
Graded
Version Valid From:
2021-09-01
Module Leader:
Chamindi Malalgoda
Version Number
2023.01
Learning Methods
Seminar
Guided Independent Study
Lecture
Synopsis
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 … For more content click the Read More button below.
Learning Strategy
The module is delivered through a series of lectures, tutorials and workshop sessions. Each lecture addresses risk and value management principles, techniques and decision making criteria for construction and property projects.
The tutorial sessions on the other hand mainly target examples, exercises and report writing on commercial and value management … For more content click the Read More button below.
Your independent learning will be supported by the University online learning environment (VLE).
Outline Syllabus
The following topics will be introduced in this module:
Risk Management, Decision Theory and Models – types of decisions, managing risks in decision making, problem solving, opportunity funding and choice making;Commercial Management: cash-flow forecasting and managing, interim and final valuations;Value – definitions, constraints and reservations and the application to construction … For more content click the Read More button below.
Learning Outcomes
On successful completion of this module students will
1.
be able to recognise the implications of the construction and property limitations and reservations of value management and commercial management.
2.
be able to explain the relationship between design and cost and value.
3.
be able to evaluate the strengths and weaknesses of the various risk and value appraisal techniques and indicators for commercial management.
4.
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.
5.
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.
6.
be able to produce value evaluations using the given techniques.
7.
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.
8.
be able to demonstrate high-level communication skills (oral, written) and problem-solving skills.
Formative Assessment
Assessment 1: Written assignment (coursework)
Summative Assessment
Assessment 1: Written Assignment
Assessment 2: Exam
Assessment Criteria
Understanding of the commercial and value management theories and concepts.Ability to apply the commercial and value management techniques in construction and property development.Ability to develop solutions to improve the effectiveness of commercial and value management of construction and property appraisal.Communication of technical development and resolution through writing, simulation and other … For more content click the Read More button below.