| CODE | CNM5831 | ||||||||
| TITLE | Engineering Project Appraisal | ||||||||
| UM LEVEL | 05 - Postgraduate Modular Diploma or Degree Course | ||||||||
| MQF LEVEL | 7 | ||||||||
| ECTS CREDITS | 5 | ||||||||
| DEPARTMENT | Construction and Property Management | ||||||||
| DESCRIPTION | This study-unit provides an introduction to a range of evaluation techniques for the assessment of competing engineering projects. The study-unit covers the basic building blocks of economic appraisal. Study-unit Aims: The aims of the study-unit are: - To introduce the concepts of economic appraisal such as time value of money, interest rates and time equivalence; - The application of basic economic techniques to public and private project appraisal including cost-benefit analysis; - The exploration of decision methods in appraisal such as Cost Effectiveness and Goal Achievement Matrix techniques. Learning Outcomes: 1. Knowledge & Understanding: By the end of the study-unit the student will be able to: - Demonstrate an understanding of the basics of effective appraisals of alternative development schemes; - Within a case study scenario, appraise a project using the Simple Addiditive Weighting (SAW) Model, the Analytical Hierarchy Process (AHP) technique and Concordance Analysis. 2. Skills: By the end of the study-unit the student will be able to: - Analyse a project's value characteristics within an established economic appraisal framework; - Produce an executive management project appraisal report featuring all the key strategic issues that should be addressed by senior decision-making management levels. Main Text/s and any supplementary readings: - Engineering Project Appraisal. M Rogers & A Duffy (Wiley Blackwell, 2012). - Managing risk in construction projects. N J Smith. - Risk management in project organizations. P. Edwards and Paul Bowen. - Risk Management in Projects. Martin Loosemore. - Best Value in construction, John Kelly. - Value Management of Construction Projects, Steve Male et. |
||||||||
| ADDITIONAL NOTES | Pre-requisite Study-units: CNM5811/CNM5812 | ||||||||
| STUDY-UNIT TYPE | Lecture, Seminar and Tutorial | ||||||||
| METHOD OF ASSESSMENT |
|
||||||||
| LECTURER/S | Rebecca Dalli Gonzi Simon Grima Erik Francis Georges Mifsud |
||||||||
|
The University makes every effort to ensure that the published Courses Plans, Programmes of Study and Study-Unit information are complete and up-to-date at the time of publication. The University reserves the right to make changes in case errors are detected after publication.
The availability of optional units may be subject to timetabling constraints. Units not attracting a sufficient number of registrations may be withdrawn without notice. It should be noted that all the information in the description above applies to study-units available during the academic year 2024/5. It may be subject to change in subsequent years. |
|||||||||