Engineering project supervision
K R Cale
6 points
* 78 hours
* First semester
* Gippsland/Distance
Objectives The student is expected to develop an understanding of the principles of financial management and project cost analysis; acquire a working knowledge of the structure of engineering contracts; be familiar with the range of project planning techniques for scheduling activities, allocating resources and optimising time/cost.
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%
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
Vermeesh R B and Lindgren K E Business law of Australia 7th edn, Butterworths
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