Cost Management

The specialisation in cost management prepares students for a professional career in quantity surveying, cost engineering and cost estimating in the Australian and the international market. Its main technical component is concerned with all aspects of contractual and financial management in construction projects.

• Acquire expertise in all aspects of contractual and financial management of building projects;
• Learn how to engineer, monitor and control costs from project inception to completion;
• Evaluate and offer appropriate advice on the financial implications of technical alternatives;
• Develop the ability to apply the principles and theories of economics, law, management and statistics to financial management and control of projects;
• Deal with cost control and management of risks in construction.

All students must take:

• 100 points of core specialisation subjects
• 50 points of specialisation electives
• 50 points of multidisciplinary electives which may include any of the following:

1. Additional specialisation electives.
2. Any Melbourne School of Design subject(s) provided preprequisites are met.
3. Any University of Melbourne graduate subject(s) provided prerequisites are met and written approval is obtained from both the faculty through which the subject is offered and the course coordinator. Such approval must be provided to the Environments and Design Student Centre before teaching commences.

Students should choose specialisation and multidisciplinary electives in consultation with the course coordinator.

Cost Management specialisation subjects

Core specialisation subjects

Students are required to successfully complete all of the following subjects (100 points) in order to obtain the Cost Management specialisation in the Master of Construction Management.

Elective specialisation subjects

Students are required to successfully complete at least 50 points from the following subjects in order to obtain the Cost Management specialisation in the Master of Construction Management.

Multidisciplinary electives

Students may take up to 50 points of multidisciplinary electives, including any University of Melbourne graduate subject provided prerequisites are met and written approval is obtained from the course coordinator. For a list of Melbourne School of Design graduate subjects without prerequisites, click here.