COST ENGINEERING

CIV4CE

2015

Credit points: 15

Subject outline

In this subject the students will study the various categories of costs and the costing techniques that are normally used in engineering projects. Topics: project costing techniques; interpretation of plans, specifications and contract documentation; Identification and calculation of labor costs; identification, establishment and costing of plant and equipment requirements; estimation of project costs; development of project price for inclusion into a tender submission; project economics; methods to assess project viability; cost benefit analysis, net present values, internal rate of returns; and Capital required based on cash flow positions. Skills required in determining the various costs to develop a range of documents so as to develop accurately a tender price for engineering projects and to conduct critical cost and benefit analysis to determine project viability and capital requirements will be developed.

SchoolSchool Engineering&Mathematical Sciences

Credit points15

Subject Co-ordinatorHossam Abo El-Naga

Available to Study Abroad StudentsNo

Subject year levelYear Level 4 - UG/Hons/1st Yr PG

Exchange StudentsNo

Subject particulars

Subject rules

PrerequisitesN/A

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditions Must be enrolled in course code SBECT

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsApplied Cost Engineering, 3rd ednPrescribedClark, F & Lorenzoni, A 1996CRC PRESS, BOCA RATON, FL

Graduate capabilities & intended learning outcomes

01. Describe the various categories of costs which will be incurred during engineering project execution.

Activities:
Lectures, tutorials and self study plus face to face and online group discussions.
Related graduate capabilities and elements:
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

02. Apply the various costing techniques to determine the various costs for an engineering project.

Activities:
Lectures, tutorials and self study plus face to face and online group discussions. Problem solving assignments.
Related graduate capabilities and elements:
Literacies and Communication Skills (Quantitative Literacy)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

03. Develop a range of project documents and utilize specific information for costing.

Activities:
Lectures, tutorials and self study plus face to face and online group discussions.
Related graduate capabilities and elements:
Literacies and Communication Skills (Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

04. Establish quantities and rates to determine labour, materials and equipment cost to an engineering project.

Activities:
Lectures, tutorials and self study plus face to face and online group discussions.
Related graduate capabilities and elements:
Literacies and Communication Skills (Quantitative Literacy)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

05. Accurately develop a Tender Price based on a set of project documents.

Activities:
Lectures, tutorials and self study plus face to face and online group discussions.
Related graduate capabilities and elements:
Literacies and Communication Skills (Quantitative Literacy)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

06. Conduct critical cost and benefit analysis to determine project viability and capital requirements.

Activities:
Lectures, tutorials and self study plus face to face and online group discussions. Problem solving assignments.
Related graduate capabilities and elements:
Literacies and Communication Skills (Quantitative Literacy)
Inquiry and Analytical Skills (Critical Thinking,Creative Problem-solving)
Discipline -Specific Knowledge and Skills (Discipline-Specific Knowledge and Skills)

Subject options

Select to view your study options…

Start date between: and    Key dates

Epping, 2015, Semester 1, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorJoe Petrolito

Class requirements

WorkShop Week: 10 - 21
Two 2.0 hours workshop per week on weekdays during the day from week 10 to week 21 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Weekly Tutorial Class Activities and Topical Online Quiz15 01, 02, 03, 04, 05
Group Report and Presentation (Engineering tender) (2000 words and 25 minutes)35 02, 04, 05, 06
Assignment (Project costing documentation) (1000 words equivalent)15 03, 04
Examination (2 hours)35 03, 04, 05, 06