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Engineering project supervision (6 points)
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%
Contact Hours: 78 hours study
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