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Undergraduate |
(ENG)
|
Leader:
Offered:
Gippsland Summer 2006 (Day)
Synopsis: Financial management: present worth, nominal and effective interest rates, uniform series payments, equivalent annual costs, project evaluation (NPV and IRR), depreciation, taxation, expected monetary value and risk appraisal. Engineering contracts: contract law, responsibilities of parties to a contract, common types of engineering contract, 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 planning repetitive projects (line of balance), use of computer packages.
Assessment: Examination: 80% + Assignments: 20%
Contact Hours: 26 lecture hours and 13 tutorial hours
Prerequisites: Completion of level 2
Prohibitions: GEG3104