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Module Description 1 Business Management for Built Environment D31BM 2 Construction Financial Management D31CG 3 Construction Technology D31TA 4 Contracts and Procurement D31PZ 5 People and Organisation in the Built Environment D31PO 6 Quantity Surveying Financial Management D31CF 7 Real Estate Management and Sustainability D41AN 8 Value and Risk Management D31VR

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Page 1: Module Description - Trent global · Module Description 1 Business Management for Built Environment D31BM 2 Construction Financial Management D31CG 3 Construction Technology D31TA

Module Description

1 Business Management for Built Environment D31BM

2 Construction Financial Management D31CG

3 Construction Technology D31TA

4 Contracts and Procurement D31PZ

5 People and Organisation in the Built Environment D31PO

6 Quantity Surveying Financial Management D31CF

7 Real Estate Management and Sustainability D41AN

8 Value and Risk Management D31VR

Page 2: Module Description - Trent global · Module Description 1 Business Management for Built Environment D31BM 2 Construction Financial Management D31CG 3 Construction Technology D31TA

Form 20 Heriot-Watt University - Module Descriptor Template (RAY) Version 3.0 (2007/2008)

Module Title Business Management for Built Environment Professionals

On or Off-School Built Environment Campus Both

Module Co-ordinator Scott Fernie SCQF Module

Level 11 Code D31BM Semester 2 Credits 15

1 / 2

1. Pre-requisites None

2. Linked Modules (specify if synoptic)

None

3. Excluded Modules None

4. Replacement Module Code: Date Of Replacement:

5. Availability as an Elective

Yes

MSc/PGDip/PGCert Quantity Surveying / Architectural Facilities Management / Housing Studies (Asia Pacific) 6. Degrees for which this is a core module

7. Aims

The aim of the module is to introduce and explore with the students the complex, contested and messy world of strategic management theory and practice. Students will acquire the means to think strategically about organisations in the built environment through a number of theoretical angles informed by alternative epistemological positions. Emphasis throughout will be given to highlighting the ongoing dynamics and implications of social, economic, political, technological and structural change on built environment organisational strategies. 8. Syllabus

• What is strategy? What is strategic management? How does strategy manifest itself and what does it influence? • Exploration of the complexity and difficulty organisations have in developing strategy • Strategy ‘Schools of Thought’ – an exploration of the contested nature of the strategy theory • The Prisoners dilemma – An exploration of the difficulties of strategising in a contested marketplace • The strategic management process; • Context and strategy – a recursive relationship • Strategic analysis • Forecasting the future – crystal ball gazing • Strategy implementation • Strategy monitoring and feedback • Change Management – context and practice as a recursive relationship • Contemporary research on strategy in the built environment • Strategic issues in the built environment; Impact of new technology on demand for buildings and Public/Private strategic relationships, i.e. PFI/PPP

9. Learning Outcomes (HWU Core Skills: Employability and Professional Career Readiness)

Subject Mastery Understanding, Knowledge and Cognitive Skills Scholarship, Enquiry and Research (Research-Informed Learning)

Page 3: Module Description - Trent global · Module Description 1 Business Management for Built Environment D31BM 2 Construction Financial Management D31CG 3 Construction Technology D31TA

Form 20 Heriot-Watt University - Module Descriptor Template (RAY) Version 3.0 (2007/2008)

Module Title Business Management for Built Environment Professionals School Built Environment On or Off-

Campus Both

Module Co-ordinator Scott Fernie SCQF

Level 11 Module Code D31BM Semester 2 Credits 15

2 / 2

The student will be able to: • demonstrate an ability to explore and present a critical understanding of the principle theories and assumptions that underpin disparate

theoretical perspectives • present significant knowledge that covers and integrates most of the principal areas, features, boundaries, terminologies and conventions of

strategy and strategic management theory. • draw upon a deep and detailed knowledge of strategy theory, concepts and practices in placing high level interpretations on, and connections

to, the practice of strategy development within built environment organisations.

Industrial, Commercial & Professional Practice Autonomy, Accountability & Working with Others Communication, Numeracy & ICT Personal Abilities The student will be able to: • demonstrate and develop further high level skills in critical analysis of theory and practice in business management • explicitly demonstrate and develop good inter-personal and problem solving skills • fully understand the importance of management competencies in continuous professional development • deeply reflect on individual strengths and identify specific areas for development.

10. Assessment Methods 11. Re-assessment Methods

Method Duration of Exam (if applicable)

Weighting (%) Synoptic modules? Method Duration of Exam (if applicable)

Coursework N/A 100% No Coursework 100% N/A 12. Date and Version

Date of Proposal February 2008 Date of Approval by School Committee

20 February 2008 Date of Implementation

September 2008 Version Number

1.00

Page 4: Module Description - Trent global · Module Description 1 Business Management for Built Environment D31BM 2 Construction Financial Management D31CG 3 Construction Technology D31TA

Form 20 Heriot-Watt University - Module Descriptor Template (RAY) Version 3.0 (2007/2008)

Module Title Construction Financial Management

School Built Environment On or Off-Campus

Both

Module Co-ordinator

A Kaka SCQF Level

11 Module Code

D31CG Semester 2 Credits 15

1 / 2

1. Pre-requisites None

2. Linked Modules (specify if synoptic)

None

3. Excluded Modules None

4. Replacement Module Code:

Date Of Replacement:

5. Availability as an Elective

Yes No

MSc/PGDip/PGCert Quantity Surveying / Construction Financial Management

6. Degrees for which this is a core module

7. Aims

The aim of the module is to enable students to appreciate and make an intelligent contribution towards the managerial and financial aspects of construction companies in general and construction projects in particular. This includes developing awareness and understanding of the need for financial planning and monitoring and the cost control process. 8. Syllabus

The importance of financial management and control in contracting, Corporate strategies in construction companies., Financial management at the company level, Cash flow forecasting (S-curves, net cash flow), Costing (need, cost accounts), Cost and value reconciliation at the project level, Production of financial accounts for construction companies, corporate analysis and ratio analysis applied in construction, Economic comparison (present worth, equivalent annual cost, etc), Profitability measurement (NPW, DCY, etc.), Construction Plant financial appraisal (calculation of plant hire rate, optimum life, etc.), Development appraisal techniques (residual valuation, development valuations using DCF)

Page 5: Module Description - Trent global · Module Description 1 Business Management for Built Environment D31BM 2 Construction Financial Management D31CG 3 Construction Technology D31TA

Form 20 Heriot-Watt University - Module Descriptor Template (RAY) Version 3.0 (2007/2008)

Module Title Construction Financial Management

School Built Environment On or Off-Campus

Both

Module Co-ordinator

A Kaka SCQF Level

11 Module Code

D31CG Semester 2 Credits 15

2 / 2

9. Learning Outcomes (HWU Core Skills: Employability and Professional Career Readiness)

Understanding, Knowledge and Cognitive Skills Scholarship, Enquiry and Research (Research-Informed Learning) Subject Mastery

The student will be familiarised with principals concerning corporate strategies and financial management both at the construction company level and the construction project level. The student will also develop the skills that will enable him or her to analyse and assess the performance of construction companies and understand their financial accounts. Finally, students will learn a verity of techniques used to appraise investment schemes such as property and construction Plant and provide information for decisions such level of prices, optimum age, etc. Industrial, Commercial & Professional Practice Autonomy, Accountability & Working with Others Communication, Numeracy & ICT Personal Abilities The students should gain an ability to financially appraise and evaluate alternative schemes and strategies; analyse and assess the performance of an organisation; and set and control organisational or project targets.

10. Assessment Methods 11. Re-assessment Methods

Method Duration of Exam (if applicable)

Weighting (%) Synoptic modules? Method Duration of Exam (if applicable)

Exam / Coursework 2h 70% Exam 30% CW 12. Date and Version

Date of Proposal February 2008 Date of Approval by School Committee

20 February 2008 Date of Implementation

September 2008 Version Number

1.00

Page 6: Module Description - Trent global · Module Description 1 Business Management for Built Environment D31BM 2 Construction Financial Management D31CG 3 Construction Technology D31TA

Form 20 Heriot-Watt University - Module Descriptor Template (RAY) Version 3.0 (2007/2008)

Module Title Construction Technology

School School of the Built Environment On or Off-Campus

Both

Module Co-ordinator

Sam Barron SCQF Level

11 Module Code

D31TA Semester 1 Credits 15

1 / 2

1. Pre-requisites None

2. Linked Modules (specify if synoptic)

None

3. Excluded Modules None

4. Replacement Module Code: Date Of Replacement:

5. Availability as an Elective

Yes No

MSc/PGDip/PGCert in Quantity Surveying, Construction Financial Management, Building Refurbishment Management, Building Surveying, Urban Real Estate Management and Development, Building Service Engineering, Building Service Engineering Management

6. Degrees for which this is a core module

7. Aims

The overall aim of the module is to give graduates sufficient understanding of the construction of buildings to enable them to play an effective role when working with other construction disciplines in the design and construction of commercial buildings. 8. Syllabus

The module comprises 7 units. The structure of each unit is designed to give students a basic understanding of the technological theory associated with specific elements of a building. Units 1-6 are core to all disciplines. Unit 7 gives students an elective choice, depending on the core degree being studied. Course based upon commercial buildings.

1. substructure foundations, basements, floor slabs 2. superstructure frames – long-span 3. superstructure frames - high-rise 4. superstructure suspended floors 5. enclosure external façade – masonry/concrete, sheet cladding, glass 6. internal elements partitions, suspended ceilings, raised floors PLUS one of the following. 7. a) service space provision of space for distribution and maintenance of service b) construction safety outline of site safety problems and how to control them c) property appraisal introduction to property surveys and property maintenance

9. Learning Outcomes (HWU Core Skills: Employability and Professional Career Readiness)

Subject Mastery Understanding, Knowledge and Cognitive Skills Scholarship, Enquiry and Research (Research-Informed Learning)

Page 7: Module Description - Trent global · Module Description 1 Business Management for Built Environment D31BM 2 Construction Financial Management D31CG 3 Construction Technology D31TA

Form 20 Heriot-Watt University - Module Descriptor Template (RAY) Version 3.0 (2007/2008)

Module Title Construction Technology

School School of the Built Environment On or Off-Campus

Both

Module Co-ordinator

Sam Barron SCQF Level

11 Module Code

D31TA Semester 1 Credits 15

2 / 2

• appreciate and understand the complexity of construction technology in modern buildings • to develop an understanding of how the design and construction of modern buildings relate to other design influences such as energy

conservation, lighting, economics etc Industrial, Commercial & Professional Practice Autonomy, Accountability & Working with Others Communication, Numeracy & ICT Personal Abilities develop skills in

analysing the technical design & construction of buildings by reference to case studies investigating and analysing product information case study investigations

10. Assessment Methods 11. Re-assessment Methods

Method Duration of Exam (if applicable)

Weighting (%) Synoptic modules? Method Duration of Exam (if applicable)

Coursework 30% Examination 2 hours Examination 2 hours 70% 12. Date and Version

Date of Proposal February 2008 Date of Approval by School Committee

20 February 2008 Date of Implementation

September 2008 Version Number

1.00

Page 8: Module Description - Trent global · Module Description 1 Business Management for Built Environment D31BM 2 Construction Financial Management D31CG 3 Construction Technology D31TA

Form 20 Heriot-Watt University - Module Descriptor Template (RAY) Version 3.0 (2007/2008)

Module Title Contracts and Procurement

On or Off-School Built Environment Campus Both

Module Co-ordinator Dr. Derek S. Thomson SCQF Module

Level 11 Code D31PZ Semester 1 Credits 15

1 / 2

1. Pre-requisites None

2. Linked Modules (specify if synoptic)

None

3. Excluded Modules None

4. Replacement Module Code:

Date Of Replacement:

5. Availability as an Elective

Yes No

MSc/PgDip Construction Financial Management / Quantity Surveying / Building Surveying / Building Refurbishment Management/ Facilities Management

6. Degrees for which this is a core module

7. Aims

• To help students understand advanced procurement practices, the situations in which their use is appropriate and the contractual principles upon which they are

based. • To introduce students to the mechanisms used by a typical standard for of construction contract (from the JCT05 suite) to control the risk exposure arising form the

liabilities of contracting parties created by the contract and common law, as well as the flow of money and information between contacting parties. 8. Syllabus

Introduction to Construction Project Procurement; Procurement Arrangement Options; Construction Contract Use in the UK; Principles of Contract Law; Partnering; Procurement through Public Private Partnerships; Claims; Negotiating; Managing Conflicts and Disputes; Towards Better Contracting Practices

X

Page 9: Module Description - Trent global · Module Description 1 Business Management for Built Environment D31BM 2 Construction Financial Management D31CG 3 Construction Technology D31TA

Form 20 Heriot-Watt University - Module Descriptor Template (RAY) Version 3.0 (2007/2008)

Module Title Contracts and Procurement School Built Environment On or Off-

Campus Both

Module Co-ordinator Dr. Derek S. Thomson SCQF

Level 11 Module Code D31PZ Semester 1 Credits 15

2 / 2

9. Learning Outcomes (HWU Core Skills: Employability and Professional Career Readiness)

Understanding, Knowledge and Cognitive Skills Scholarship, Enquiry and Research (Research-Informed Learning) Subject Mastery

• Thorough understanding the features, advantages and disadvantages of standard procurement routes.

• Insight into the commercial aspects of construction project procurement and the influence of procurement route over the contracting party’s risk exposure.

• Self-direction of extensive research of current industry issues related to procurement practice, including government policy and guidance as well as industry awareness of emerging issues.

• Synthesis of diverse, self-identified, sources of information and guidance related to procurement practice. Students will be able to integrate commentary from academic and industry sources.

Industrial, Commercial & Professional Practice Autonomy, Accountability & Working with Others Communication, Numeracy & ICT Personal Abilities

• Competency in the selection of a suitable procurement route to suit client and project.

• Insight into the role of standard forms of construction contract in defining key project administration processes.

• Awareness of topical issues in industry procurement practice.

• Ability to develop procurement selection processes capable of resolving the influence of complex client requirements over procurement route suitability.

• Ability to express recommendations to a business audience clearly and concisely.

• Ability to support recommendations with well-developed and researched underpinning argument.

10. Assessment Methods 11. Re-assessment Methods

Method Duration of Exam (if applicable)

Weighting (%) Synoptic modules? Method Duration of Exam (if applicable)

Coursework 30% No Exam (100%) 2 hours Exam 2 hours 70% No 12. Date and Version

Date of Proposal February 2008 Date of Approval by School Committee

20 February 2008 Date of Implementation

September 2008 Version Number

1.00

Page 10: Module Description - Trent global · Module Description 1 Business Management for Built Environment D31BM 2 Construction Financial Management D31CG 3 Construction Technology D31TA

Form 20 Heriot-Watt University - Module Descriptor Template (RAY) Version 3.0 (2007/2008)

Module Title People and Organisation Management in the Built Environment

On or Off-School Built Environment Campus Both

Module Co-ordinator Scott Fernie SCQF Module

Level 11 Code D31PO Semester 1 Credits 15

1 / 2

1. Pre-requisites None

2. Linked Modules (specify if synoptic)

None

3. Excluded Modules None

4. Replacement Module Code:

Date Of Replacement:

5. Availability as an Elective

Yes No

MSc/PGDip/PGCert Quantity Surveying / Construction Financial Management / Architectural Facilities Management / Housing Studies / Housing (Professional Practice) / Housing (Part-time Route) / Housing Studies (Asia-Pacific) / Building Services Engineering Management

6. Degrees for which this is a core module

7. Aims

This module aims to develop a high level of interdisciplinary understanding about complex organisational and personal management processes and how important they are in underpinning technical skills to deliver high quality services as a professional. This module focuses on people and organisational management. The module is organised to be as participative as possible and will capitalise on the inter-disciplinary nature of the School. Students will learn about and explore management theory and practice and will have a chance to reflect on their own personal development in a synoptic way. It is hoped that this will be valuable in terms of career development, as management competences and self-reflection are increasingly sought in practice. 8. Syllabus

What is management and why is it important for professional practice? Good and bad examples of management and their effect on individuals, organisations and service delivery. A critical evaluation of management theories. In depth understanding of the complexities of team building, organisational culture, recruitment and selection, staff appraisal, motivation, leadership, communication, co-ordination, and managing change and diversity. Relevance of management competencies to personal development planning.

9. Learning Outcomes (HWU Core Skills: Employability and Professional Career Readiness)

Subject Mastery Understanding, Knowledge and Cognitive Skills Scholarship, Enquiry and Research (Research-Informed Learning)

Page 11: Module Description - Trent global · Module Description 1 Business Management for Built Environment D31BM 2 Construction Financial Management D31CG 3 Construction Technology D31TA

Form 20 Heriot-Watt University - Module Descriptor Template (RAY) Version 3.0 (2007/2008)

Module Title People and Organisation Management in the Built Environment School Built Environment On or Off-

Campus Both

Module Co-ordinator Scott Fernie SCQF

Level 11 Module Code D31PO Semester 1 Credits 15

2 / 2

Knowledge: A high level of knowledge about complex management theories and their application in built environment organisations, including applied research findings and current good practice techniques An understanding of the complexity of management concepts and their application in practice

An understanding of the importance of management in shaping and influencing the aims of built environment organisations and its application in practice

To understand the multi-faceted relationships between organisational management and an individual’s personal motivation and objectives An understanding of the role of management competencies in continuous professional development

Industrial, Commercial & Professional Practice Autonomy, Accountability & Working with Others Communication, Numeracy & ICT Personal Abilities Skills: To develop skills in critical and creative analysis of theory and practice in management topics

To explicitly develop a professional level of inter-personal, interdisciplinary, and team working skills To develop skills in self-management and personal development planning, including critical reflection on personal experience and planning concretely for the future

Values: To recognise the crucial role employees play in effectively meeting organisational goals

To recognise the importance of the management and interpersonal skills that underpin a professional’s technical competence

To understand the importance of equal opportunities and diversity in management processes 10. Assessment Methods 11. Re-assessment Methods

Method Duration of Exam (if applicable)

Weighting (%) Synoptic modules? Method Duration of Exam (if applicable)

Coursework 100% N Coursework 12. Date and Version

Date of Proposal February 2008 Date of Approval by School Committee

20 February 2008 Date of Implementation

September 2008 Version Number

1.00

Page 12: Module Description - Trent global · Module Description 1 Business Management for Built Environment D31BM 2 Construction Financial Management D31CG 3 Construction Technology D31TA

Form 20 Heriot-Watt University - Module Descriptor Template (RAY) Version 3.0 (2007/2008)

Module Title Quantity Surveying Financial Management On or Off-School School of the Built Environment Campus Both

Module Co-ordinator Dr Fiona Grant SCQF Module

Level 11 Code D31CF Semester 2 Credits 15

1 / 2

1. Pre-requisites None

2. Linked Modules (specify if synoptic)

None

3. Excluded Modules None

4. Replacement Module Code: Date Of Replacement:

5. Availability as an Elective

Yes No

MSc/Dip Construction Financial Management, MSc/Dip Quantity Surveying

6. Degrees for which this is a core module

7. Aims

The aim of this module is to develop the experience and capability of graduates in relation to the built environment. The objective is to enhance the students’ understanding of the cost and measurement practices and the organisation and processes of the cost control and development process in the construction industry. 8. Syllabus

The main topics which are covered in this module include: • Construction industry roles, responsibilities, organisation and culture, development process, project administration. • • •

Cost Control of buildings, pre and post contract. Whole Life Costing. Measurement.

Page 13: Module Description - Trent global · Module Description 1 Business Management for Built Environment D31BM 2 Construction Financial Management D31CG 3 Construction Technology D31TA

Form 20 Heriot-Watt University - Module Descriptor Template (RAY) Version 3.0 (2007/2008)

Module Title Quantity Surveying Financial Management School School of the Built Environment On or Off-Campus Both

Module Co-ordinator Dr Fiona Grant SCQF

Level 11 Module Code D31CF Semester 2 Credits 15

2 / 2

9. Learning Outcomes (HWU Core Skills: Employability and Professional Career Readiness)

Understanding, Knowledge and Cognitive Skills Scholarship, Enquiry and Research (Research-Informed Learning) Subject Mastery

The student will be introduced to the role and responsibilities of individuals in the construction industry. The emphasis of this module will be to develop the students knowledge of cost and measurement techniques, the student will be familiarised with principals concerning Cost Control. Whole Life Costing and Measurement of buildings. The student will also develop the skills that will enable him or her to analyse and assess the feasibility of a construction project and understand the implications the design of a building has on the cost, identifying areas where cost savings can be made. Finally, students will learn a variety of techniques used to appraise a construction project in relation to pre and post contract cost control. Industrial, Commercial & Professional Practice Autonomy, Accountability & Working with Others Communication, Numeracy & ICT Personal Abilities The students should gain an ability to demonstrate understanding of the construction industry and apply this knowledge to be able to provide cost control advice and measurement of quantities for basic concepts.

10. Assessment Methods 11. Re-assessment Methods

Method Duration of Exam (if applicable)

Weighting (%) Synoptic modules? Method Duration of Exam (if applicable)

Coursework - 30% 100% Examination 2 hr Examination 2hr 70% 12. Date and Version

Date of Proposal January 2008 Date of Approval by School Committee

20 February 2008 Date of Implementation

September 2008 Version Number

1.00

Page 14: Module Description - Trent global · Module Description 1 Business Management for Built Environment D31BM 2 Construction Financial Management D31CG 3 Construction Technology D31TA

Form 20 Heriot-Watt University - Module Descriptor Template (RAY) Version 3.0 (2007/2008)

Module Title Real Estate Management and Sustainability

School Built Environment On or Off-Campus

Both

Module Co-ordinator

Colin Elliot SCQF Level

11 Module Code

D41AN Semester 2 Credits 15

1 / 2

1. Pre-requisites None

2. Linked Modules (specify if synoptic)

None

3. Excluded Modules None

4. Replacement Module Code:

Date Of Replacement:

5. Availability as an Elective

Yes No

MSc/PGDip/PGCert Real Estate Investment and Finance

6. Degrees for which this is a core module

7. Aims

To achieve an advanced understanding of:

a. the roles and functions of the property asset manager b. the financial, legal and technical skills within the management domain. c. How management links with other disciplines within chartered surveying. d. The key skills and strategies that can be adopted within REAM. e. Concepts and tools for sustainability management within real estate

8. Syllabus

The module will seek to cover the key aspects of property and asset management having regard to current practice and RICS guidelines upon relevant competencies.

• Strategy Management intro and the role of management within surveying • Financial management/Sinking funds/service charges • Lease management • Marketing and negotiation • Physical property management • Concepts of obsolescence • Buy/lease/outsource decision-making and financial analysis • Real Estate management models • Scenario planning • International comparison of real estate strategies • Sustainable development, buildings and corporate social responsibility • On campus students will embark on a field exercise/trip linked into case studies. Off campus students will work on simulated exercises/case studies.

Page 15: Module Description - Trent global · Module Description 1 Business Management for Built Environment D31BM 2 Construction Financial Management D31CG 3 Construction Technology D31TA

Form 20 Heriot-Watt University - Module Descriptor Template (RAY) Version 3.0 (2007/2008)

Module Title Real Estate Management and Sustainability

School Built Environment On or Off-Campus

Both

Module Co-ordinator

Colin Elliot SCQF Level

11 Module Code

D41AN Semester 2 Credits 15

2 / 2

9. Learning Outcomes (HWU Core Skills: Employability and Professional Career Readiness)

Understanding, Knowledge and Cognitive Skills Scholarship, Enquiry and Research (Research-Informed Learning) Subject Mastery

Understanding, knowledge and cognitive skills A comprehensive understanding and knowledge of property management and the critical importance of effective communication in the discharge of the management function. Scholarship, enquiry and research Students will be required to carry out a substantial literature review, research and and prepare an essay on a chosen subject area. The ability to think critically about case study problems. Students will be required to work. Report writing skills will be developed within a further stage of the assessment process. Industrial, Commercial & Professional Practice Autonomy, Accountability & Working with Others Communication, Numeracy & ICT Personal Abilities Industrial, commercial and professional practice Students will gain an appreciation of the linkages within and across surveying disciplines as case studies and assessments will be ‘cross-cutting’ in their nature. Autonomy, accountability and working with others The module will contribute towards encouraging independent and self-managed learning as well as working effectively within a group in addressing particular problems. Communication, numeracy and ICT Key requirements are for the student to be competent in individual written presentations.

10. Assessment Methods 11. Re-assessment Methods

Method Duration of Exam (if applicable)

Weighting (%) Synoptic modules? Method Duration of Exam (if applicable)

Essay - 50% No Essay (50%) - Professional Presentation - 50% No Professional Presentation (50%) -

12. Date and Version

Date of Proposal February 2008 Date of Approval by School Committee

20 February 2008 Date of Implementation

September 2008 Version Number

1.00

Page 16: Module Description - Trent global · Module Description 1 Business Management for Built Environment D31BM 2 Construction Financial Management D31CG 3 Construction Technology D31TA

Form 20 Heriot-Watt University - Module Descriptor Template (RAY) Version 3.0 (2007/2008)

Module Title Value and Risk Management On or Off-School Built Environment Campus Both

Module Co-ordinator G Bowles SCQF Module

Level 11 Code D31VR Semester 1 Credits 15

1 / 2

1. Pre-requisites None

2. Linked Modules (specify if synoptic)

None

3. Excluded Modules None

4. Replacement Module Code: Date Of Replacement:

5. Availability as an Elective

Yes No

MSc/PGDip/PGCert Civil Engineering Construction Management MSc/PGDip/PGCert Quantity Surveying

6. Degrees for which this is a core module

7. Aims

The module aims to introduce the concepts of value & risk management, apply them to strategic and tactical problems and illustrate their tools and techniques through case study 8. Syllabus

VRM and the construction procurement process, An Introduction to Value Management, Value Engineering - Function Analysis and other VE tools, Risk, uncertainty and the construction industry, Risk and procurement of PPP projects, The Risk Management framework., Sources, events and effects of project risk, Tools and techniques of Risk Management, Risk response and mitigation, Client Briefing, A Review of North American Practice.

Page 17: Module Description - Trent global · Module Description 1 Business Management for Built Environment D31BM 2 Construction Financial Management D31CG 3 Construction Technology D31TA

Form 20 Heriot-Watt University - Module Descriptor Template (RAY) Version 3.0 (2007/2008)

Module Title Value and Risk Management School Built Environment On or Off-Campus Both

Module Co-ordinator G Bowles SCQF

Level 11 Module Code D31VR Semester 1 Credits 15

2 / 2

9. Learning Outcomes (HWU Core Skills: Employability and Professional Career Readiness)

Understanding, Knowledge and Cognitive Skills • A practical understanding of the value and risk

management of the strategic and tactical development of a construction project.

• Gain a practical appreciation of value & risk management techniques used at the technical development stage of the design

• Understanding of the practice of value management with the UK practice of cost management.

• Understand the development of a PPP brief, including a practical appreciation of value & risk management techniques used at this stage.

Scholarship, Enquiry and Research (Research-Informed Learning)

• Investigating contemporary approaches to VRM in the context of construction projects

• Understanding of research literature in the field of value management and risk management

• Be able to analyse a clients requirements and articulate them in clear unambiguous terms

• Develop capacity for creative and lateral thinking through VRM study approaches

• Develop an understanding of group dynamics, chairmanship and facilitation

Subject Mastery

Industrial, Commercial & Professional Practice

Autonomy, Accountability & Working with Others Communication, Numeracy & ICT Personal Abilities

• Develop an understanding of group dynamics, chairmanship and facilitation • Develop competence in report writing through scenario based assignment • Ability to form professional judgements regarding value improvement and risk mitigation proposals for project scenarios

10. Assessment Methods 11. Re-assessment Methods

Method Duration of Exam (if applicable)

Weighting (%) Synoptic modules? Method Duration of Exam (if applicable)

Examination 2 hours 70% Examination 2 hours Assignment 30% 12. Date and Version

Date of Proposal January 2008 Date of Approval by School Committee

20 February 2008 Date of Implementation

September 2008 Version Number

1.00