Teaching Responsibility
LJMU Schools involved in Delivery:
LJMU Partner Taught
Learning Methods
Lecture
Workshop
Module Offerings
7534ICBTQS-JAN-PAR
7534ICBTQS-SEP_NS-PAR
Aims
The aim of the module is to introduce financial management techniques used in construction in order to manage the lifecycle cost of built environment facilities. The module will also deliver the fundamental concepts that link financial management and BIM, such as the cash flow forecasts, cost plans, cost value reconciliation and whole life cycle management of construction facilities.
Learning Outcomes
1.
Critically review systems theories and techniques to identify how they can be applied to project financial management and assess systems for resource productivity management.
2.
Evaluate the approaches adopted by client representatives to design cost management during a project's lifespan.
3.
Critically appraise methods of reconciliation of cost, value and programme to provide project accounting information for the contractor.
4.
Apply and evaluate the use of BIM and appropriate software packages, cost databases in relation to project financial management.
Module Content
Outline Syllabus:This module develops an understanding of both pre and post contract cost management practices of construction projects. The module will introduce essential financial management techniques used in built environment facilities; i.e. cash flow forecasting, cost, value and risk management, cost reporting, and cost value reconciliations. This module is designed to develop necessary understanding of the use of BIM-enabled financial management techniques for built environment facilities. Students will be introduced to various BIM software and develop a comprehensive understanding of those software application in managing finance for real life construction projects.
Additional Information:This module develops student's ability to apply financial management techniques to construction projects from both a client and contractor perspective in addition to developing IT skills specific to BIM.
Assessments
Report
Exam