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BLCN29004 - Construction Cost Planning

General Information

Unit Synopsis

In this unit, you will study and gain insights into processes and procedures associated with the financial management of buildings throughout all phases of the building life cycle. These include design economics, cost planning and control, cost estimating procedures, cost modelling techniques and whole life cycle costing of construction projects. You will gain and practice important skills related to these processes to enable you to effectively manage the costs associated with construction processes and to remain within the client's budget. The use of critical self-reflection skills and research principles and methods relevant to the construction industry will help you to prepare to adapt to a dynamically changing financial environment to ensure cost-effectiveness and make sound professional decisions.

Details

Level Postgraduate
Unit Level 9
Credit Points 6
Student Contribution Band SCA Band 2
Fraction of Full-Time Student Load 0.125
Pre-requisites or Co-requisites

Prerequisites:

BLCN29001 Construction Technology and

BLCN29003 Construction Measurement

Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).

Class Timetable View Unit Timetable
Residential School No Residential School

Unit Availabilities from Term 1 - 2021

Term 2 - 2022 Profile
Brisbane
Perth
Term 1 - 2023 Profile
Brisbane
Perth
Term 2 - 2023 Profile
Brisbane
Perth
Sydney
Term 1 - 2024 Profile
Brisbane
Sydney
Term 2 - 2024 Profile
Brisbane
Sydney
Term 3 - 2024 Profile
Online

Attendance Requirements

All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).

Assessment Overview

Recommended Student Time Commitment

Each 6-credit Postgraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.

Assessment Tasks

Assessment Task Weighting
1. In-class Test(s) 15%
2. Case Study 45%
3. Examination 40%

This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%).

Consult the University’s Grades and Results Policy for more details of interim results and final grades

Past Exams

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Previous Feedback

Term 2 - 2023 : The overall satisfaction for students in the last offering of this course was 100.00% (`Agree` and `Strongly Agree` responses), based on a 30.00% response rate.

Feedback, Recommendations and Responses

Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Source: CQU Sute Student Feedback comments
Feedback
The learning approach was experienced as very helpful to the students. The students commented that it made them feel comfortable to share ideas.
Recommendation
This learning and teaching in this unit will continue to actively engage students in the class discussions and support sharing of professional knowledge on Construction Management practice.
Action Taken
The face-to-face lectures and tutorial classes offer active learning opportunities where students and staff discuss and share knowledge and expertise on relevant topics and issues.
Source: Industry engagement event organised by unit lecturer
Feedback
Through this class students made contact with industry professionals and prepared for a boardroom presentation.
Recommendation
Continue building students' learning and skills development in connection with industry stakeholders.
Action Taken
Students continue to actively participate in classes and learning activities designed to develop their professional skills and connect to industry events, i.e. the AIB professional institute.
Source: End of unit CQU survey feedback
Feedback
Students commented that this unit provided a great learning process.
Recommendation
The unit will continue to make the scaffolded learning and student skills development across this unit explicit. This allows students to monitor and plan their learning journey each week and confidently complete all assessments.
Action Taken
Nil.
Source: End of unit CQU survey feedback
Feedback
Several units cover ethical and behavioural issues. This could be covered over several weeks in one unit.
Recommendation
Ethical behaviour is critical to a successful career in the highly legislated, high-risk construction industry. The potential situations and implications vary due to context and subject matters at hand. Therefore, it is referred to in several units and knowledge fields to highlight its integral linkage to industry practice through examples.
Action Taken
Nil.
Unit learning Outcomes

On successful completion of this unit, you will be able to:

  1. Critically examine the complexity of the financial management of construction at the pre-contract stage
  2. Reflect on, evaluate, prepare, maintain and monitor building project budgets
  3. Develop, evaluate and critically analyse cost estimates and cost models at various stages of a building design project
  4. Investigate, analyse and implement contemporary developments that impact on cost planning processes in the construction industry.


Alignment of Assessment Tasks to Learning Outcomes
Assessment Tasks Learning Outcomes
1 2 3 4
1 - In-class Test(s) • •
2 - Case Study • • •
3 - Examination •
Alignment of Graduate Attributes to Learning Outcomes
• Advanced Level
• Professional Level
Graduate Attributes Learning Outcomes
1 2 3 4
1 - Knowledge • •
3 - Cognitive, technical and creative skills • • •
4 - Research • •
5 - Self-management • •
6 - Ethical and Professional Responsibility •
Alignment of Assessment Tasks to Graduate Attributes
• Advanced Level
• Professional Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8
1 - In-class Test(s) • • • •
2 - Case Study • • • • •
3 - Examination • • • •