MONASH UNIVERSITY FACULTY HANDBOOKS

Engineering Handbook 1996

Authorised by Academic Registrar, April 1996

GEG3104

Engineering project management

K R Cale

Objectives The student is expected to develop an understanding of the principles of financial management; gain a working knowledge of the structure of engineering contracts; and become familiar with the range of project planning techniques available.

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%

Prescribed texts

• Pilcher R Principles of construction management 3rd edn, McGraw-Hill, 1992

Recommended texts

• Australian Standard 2124: General conditions of contract 1992
• Chang Y L and Sullivan R S Quantitative systems for business plus 2nd edn, Prentice-Hall, 1990
• Meredith J R and Mantel S J Project management: A managerial approach 2nd edn, Wiley, 1989
• Vermeesh R B and Lindgren K E Business law of Australia 7th edn, Butterworths
• Shtub A, Bard J F and Globerson S Project management: Engineering, technology and implementation Prentice-Hall, 1994