Introduction to Cost Management

Subject 702-216 (2009)

Note: This is an archived Handbook entry from 2009. Search for this in the current handbook

Credit Points: 12.50
Level: 2 (Undergraduate)
Dates & Locations:

This subject has the following teaching availabilities in 2009:

Semester 1, - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period not applicable
Assessment Period End not applicable
Last date to Self-Enrol not applicable
Census Date not applicable
Last date to Withdraw without fail not applicable


Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Total Time Commitment: Not available
Prerequisites:

702-253 (ABPL20042) Residential Construction and Structures, or equivalent

702-252 (ABPL20041) The Construction Context (may be taken concurrently)

Formerly 702-115 Introduction to Property was a prerequisite.
Corequisites: None
Recommended Background Knowledge: None
Non Allowed Subjects: None
Core Participation Requirements:

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://services.unimelb.edu.au/disability

Coordinator

Dr Ajibade Ayodeji Aibinu
Subject Overview:

The subject is aimed at providing an overview of measurement and pricing, including elementary measurement for bills of quantity, building up rates, pricing of measured work, tendering and bidding procedures.
Objectives:

On completion of the subject students should be able to:

  • Understand the relationship between various parties involved in the building procurement process
  • Know how to apply the Australian Standard Method of Measurement to simple buildings
  • Understand the role of cost management of building works
  • Price measure building work items
  • Understand the theory and practice of competitive tendering
Assessment: Continual semester assessment by practical exercises and assignments over 5 tasks worth 5%, 5%, 10%, 10% and 10% (total 40%), and a 3 hour end of semester exam (60%).

Students are required to achieve a mark of at least 40% in the exam in order to pass the subject.

Attendance and participation in 80% of the tutorials is a mandatory requirement for passing the continuous assessment component of this subject
Prescribed Texts: Australian Standard Method of Measurement of Building Works (1990), 5th edition, The Australian Institute of Quantity Surveyors & MB-CHAA.
Breadth Options:

This subject is not available as a breadth subject.
Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:

On completion of the subject students should have developed the following skills and capabilities:

  • Understanding of construction documentation used in residential construction
  • Understanding of the roles and responsibilities of quantity surveyors in the construction industry
  • Application of cost management to simple buildings
  • Effective participation as a team member
Links to further information: http://www.abp.unimelb.edu.au/environments-and-design-students/abp-ugrad-students.html
Notes:

Formerly available as 702-216 Cost Management 2 and 702-216 Introduction to Construction Cost Management. Students who have completed 702-216 are not eligible to enrol in this subject.
Related Course(s): Bachelor of Geomatic Engineering & Bach of Planning & Design(Prop&Const)

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