Prerequisites for Module
None, in addition to course entry requirements.
Corequisite Modules
None.
Precluded Modules
None.
Aims of Module
To provide the student with the knowedge and ability to apply the principles and practices of financial modelling and development appraisal in a built environment context.
Learning Outcomes for Module
On completion of this module, students are expected to be able to:
1. |
Analyse and apply financial appraisal techniques in a built environment context.
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2. |
Critique and apply property valuation techniques.
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Indicative Module Content
This module builds upon and develops the students expertise in cost and price in a built environment context into that of value by exposing students to a wide range of financial appraisal techniques and property valuation technique as applied in property investment and development. {Note Value Management/ Value Engineering/ Probability/ Decision Trees and Sensitivity Analysis (single and multi variate) are not included here as they form part of the scope of module SU3024 Risk Management.}
Indicative Student Workload
Contact Hours
| Full Time | Distance Learning | Online tutoring
| 0 | 12 | Workshops
| 14 | 0 | lectures
| 6 | 0 | Directed Study
| | | Directed Study
| 81 | 88 | Private Study
| | | Private Study
| 49 | 50 |
Mode of Delivery
This is a workshop based module supplemented with a small number of lectures. A substantial part of the module is devoted to student centred problem solving as well as directed reading of related core texts, journals and other resource material.
| This module is delivered via two modes, one with attendance for full time and the other distance learning via the University Virtual Campus (VC) for Distance Learning students. For Full time students this is predominantly a workshop based module with Tutor support. There will be a limited number of key lectures, with student centred learning based upon core texts. For distance learning students this is predominantly a student centred learning experience based upon self study workshop materials reinforced with student based problem solving with tutoring being provided via the VC collaboration/ discussion tools.
Assessment Plan
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Learning Outcomes Assessed
| Component 1 | 1,2
| Component 1: Formal closed book examination.
Indicative Bibliography
1. | Potts, K. and Ankrah, N. 2014. Construction cost management: learning from case studies. 2nd ed. Routledge: Oxon
| 2. | Holm, L. 2019. Cost accounting and financial management for construction project managers. 1st ed. Routledge: Oxon.
| 3. | Lu, W., Lai, C.C. and Tse, T. 2018. BIM and big data for construction cost management. 1St ed. Routledge: Oxon.
| 4. | Ashworth, 2012. Contractual procedures in the construction industry. 6th ed. Routledge: Oxon.
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Additional Notes
It is a professional accrediting body requirement that this module be at least 50% assessed by formal examination. This is the third of three value and cost studies modules which progressively introduce the students to the subject. This third module focuses upon the value of building works, where appropriate team working will be encouraged.
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