GEG6124

Engineering project supervision

(ENG)

6 points + 78 hours + First semester + Gippsland/distance

Synopsis: Financial management: mathematics of interest, present worth, nominal and effective interest rates, annuities, equivalent annual costs, project evaluation (NPV and IRR), depreciation and taxation. Engineering contracts: contract law, AS2124, negligence, dispute resolution and engineering specifications. Project planning: scheduling of activities, critical path activity on arrow and precedence diagrams, time/cost optimisation, Gantt charts and resource allocation, probabilistic approach (PERT) and use of computer packages.

Assessment: Examination: 60% + Assignments: 40%