Unit Outline

In this unit you will build on your understanding of construction principles and terminology to learn the fundamentals of managing and controlling construction project costs. Through applied activities, you will develop your skills in analysing cash flow, interpreting cost reports, and communicating cost information.

Intended Learning Outcomes

As per the Assessment and Results Policy 1.3, your results will reflect your achievement against specified learning outcomes.

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

1.	Identify and apply principles of construction cost management.
2.	Communicate construction cost information.
3.	Analyse and interpret construction cost information.

Alterations as a result of student feedback

To be determined

Teaching arrangements

ATTENDANCE MODE	TEACHING TYPE	LEARNING ACTIVITY	CONTACT HOURS	FREQUENCY
On Campus and Online	Workshop	2 x full day face-to-face workshops per semester.	7	Study Period 2 times
Online	Tutorial (Online)	Weekly or fortnightly tutorials (after hours)	1	Weekly

Attendance / engagement expectations

If your unit is offered On campus, it is expected that you will attend all on-campus and onsite learning activities. This is to support your own learning and the development of a learning community within the unit. If you are unable to attend regularly, please discuss the situation with your course coordinator and/or our UConnect support team.

If your unit is offered Online, it is expected you will engage in all those activities as indicated in the Unit Outline, including any self-directed learning.

If you miss a learning activity for a legitimate reason (e.g., illness, carer responsibilities) teaching staff will attempt to provide alternative activities (e.g., make up readings) where it is possible.

How will I be Assessed?

For more detailed assessment information please see MyLO.

Assessment schedule

ASSESSMENT TASK #	ASSESSMENT TASK NAME	DATE DUE	WEIGHT	LINKS TO INTENDED LEARNING OUTCOMES
Assessment Task 1:	AT1: Cost Management Workbook	Week 4	20 %	LO1, LO2
Assessment Task 2:	AT2: Construction Cost Estimate	Week 8	40 %	LO1, LO2, LO3
Assessment Task 3:	AT3: Cost Report Analysis	Week 14	40 %	LO1, LO2, LO3

Assessment details

Assessment Task 1: AT1: Cost Management Workbook

Task Description:

You will provide short answers to a series of questions related to cost management principles and concepts, and complete costing exercises using the Word and Excel templates provided.

Task Length:

Approximately 300 words plus spreadsheets

Due Date:

Week 4

Weight:

20 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)

1	Explain cost management concepts relevant to provided contexts (45%)	LO1
2	Apply discipline knowledge to calculate construction costs. (30%)	LO1
3	Communicate information related to construction cost management. (25%)	LO1, LO2

Assessment Task 2: AT2: Construction Cost Estimate

Task Description:

You will be provided with tender documentation for construction projects. You will analyse the scope of work and estimate the cost of project elements.

Task Length:

Approximately 8 pages including spreadsheets

Due Date:

Week 8

Weight:

40 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)

1	Apply construction cost estimating concepts and techniques. (30%)	LO1, LO2
2	Communicate ideas and information related to estimated costs. (30%)	LO2
3	Analyse and identify critical drivers of construction costs. (40%)	LO3

Assessment Task 3: AT3: Cost Report Analysis

Task Description:

You will be provided with cost reports for construction projects. You will critically analyse project costs and prepare a report based on your findings.

Task Length:

Approximately 6-8 pages

Due Date:

Week 14

Weight:

40 %

CRITERION #

CRITERION

MEASURES INTENDED

LEARNING OUTCOME(S)

1	Analyse construction cost reports and identify variances between budgeted and actual costs. (30%)	LO1, LO3
2	Describe key risks in construction cost planning and reporting. (30%)	LO1, LO3
3	Communicate ideas and information related to construction cost reporting. (20%)	LO2
4	Engage in reflective practice to evaluate cost management and reporting techniques applied. (20%)	LO1, LO3

How your final result is determined

To pass this unit, you need to demonstrate your attainment of each of the Intended Learning Outcomes, achieve a final unit grade of 50% or greater, and pass any hurdle tasks.

Submission of assignments

Where practicable, assignments should be submitted to an assignment submission folder in MYLO. You must submit assignments by the due date or receive a penalty (unless an extension of time has been approved by the Unit Coordinator). Students submitting any assignment in hard copy, or because of a practicum finalisation, must attach a student cover sheet and signed declaration for the submission to be accepted for marking.

Requests for extensions

If you are unable to submit an assessment task by the due date, you should apply for an extension.

A request for an extension should first be discussed with your Unit Coordinator or teaching support team where possible. A request for an extension must be submitted by the assessment due date, except where you can provide evidence it was not possible to do so. Typically, an application for an extension will be supported by documentary evidence: however, where it is not possible for you to provide evidence please contact your Unit Coordinator.

The Unit Coordinator must notify you of the outcome of an extension request within 3 working days of receiving the request.

Late penalties

Assignments submitted after the deadline will receive a late penalty of 5% of the original available mark for each calendar day (or part day) that the assignment is late. Late submissions will not be accepted more than 10 calendar days after the due date, or after assignments have been returned to other students on a scheduled date, whichever occurs first. Further information on Late Penalties can be found on the Assessments and Results Procedure.

Review of results and appeals

You are entitled to ask for a review of the marking and grading of your assessment task if there is an irregularity in the marking standards or an error in the process for determining the outcome of an assessment. Details on how to request a review of a mark for an assignment are outlined in the Review and Appeal of Academic Decisions Procedure.