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Cost Planning and Management: Outline

The document outlines the course details for Cost Planning and Management (AUMCM 665) including the instructor's background, course objectives, learning outcomes, syllabus, teaching strategies, assessment scheme, and policies. The instructor has 19 years of experience in academia and industry in areas related to project planning, cost planning, and construction management. Student support services are also listed for academic, IT, examinations, and grievance support.

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Ar Arunima Rane
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© © All Rights Reserved
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0% found this document useful (0 votes)
35 views

Cost Planning and Management: Outline

The document outlines the course details for Cost Planning and Management (AUMCM 665) including the instructor's background, course objectives, learning outcomes, syllabus, teaching strategies, assessment scheme, and policies. The instructor has 19 years of experience in academia and industry in areas related to project planning, cost planning, and construction management. Student support services are also listed for academic, IT, examinations, and grievance support.

Uploaded by

Ar Arunima Rane
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 6

29/01/2020

OUTLINE

 Student Support Service


 About the Instructor
 Instructions & Class Room Ethics
Introduction to the course  Course Details
 Course Objectives
Cost Planning and Management  Student Learning Outcome & Competency Addressed
 Syllabus
(AUMCM 665)  Teaching and Learning Strategy
 Assessment Scheme
(Semester-2 MBA-CPM)  Assessment Description
 Assessment Schedule
 Weekly Session Plan
 SLO Mapping
 Indicative Marking Threshold for Coursework
 Course Material
Sanjay Govind Patil PhD, MRICS
Associate Dean & Director, School of Construction
 Plagiarism
 Attendance Policy

STUDENT SUPPORT About the Instructor


► 19 years of experience in academic administration, curriculum development, strategic planning,
teaching & learning strategies, research & development with an added industry experience in
project planning & Management, Cost Planning & Budgeting, Resource deployment and site
administration.
► PhD in Civil Engineering, Member of Royal Institute of Chartered Surveyor (MRICS), Associate
Student Support – [email protected] - managed by Anil Adya Member-American Society of Civil Engineers (ASCE) and Individual Member-American
Concrete Institute (ACI).
IT Support – [email protected] - managed by Sachin Kalkundrikar ► Thoroughly acquainted with Scottish, Omani & Indian educational systems & frameworks &
developed & implemented post/undergraduate programs in compliance with the international
Academic Support – [email protected] - managed by Anil Adya accreditation bodies such as CIOB, RICS & ABET
► Research interest involves Construction Engineering and Management, and Applications of
Artificial Intelligence in Civil Engineering.
Sling – [email protected] - managed by Sonali/ Renuka
► Presently guiding 4 PhD students and guided more than 30 students at post graduate and
undergraduate level in the areas of Civil and Construction Engineering & Management and
Examinations – [email protected] - managed by Srijeet Halder Quantity Surveying.
► In 2016 received ‘Best Research Award’ by The Research Council, Oman, also the recipient of
Student grievances - [email protected] - managed Col Sanjay Singh the Best Teacher Award for the academic year 2013-14 at National University of Science &
Technology Oman.
► Reviewer for intentional journals published by Elsevier & ACI. In 2017 received a certificate as
an 'Outstanding Reviewer' in recognition of the contributions made to the quality of the Journal
from Ocean Engineering, Elsevier, Amsterdam, the Netherlands.
► Participated and presented technical papers in various countries like UK, Singapore, Dubai,
Muscat, Australia, Switzerland, France and Italy.
► Panel member of the Doctoral Thesis Assessment Committee in the department of Applied
Mechanics, National Institute of Technology, Surathkal, Karnataka India.

Instructions & Classroom Ethics Instructions & Class Room Ethics

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29/01/2020

Instructions & Class Room Ethics Instructions & Classroom Ethics

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provided by Chris Cole

Attendance Policy
Minimum 75% attendance to qualify to write Final Examination
Source: https://blog.teacherspayteachers.com/are-you-spoon-feeding-your-students/

Course Details Course Objectives

Course Title Cost Planning and Management


Programme MBA Construction Project Management
Course Code AUMCM655 This course would introduce students with:
Semester 2
Accounting and Finance for the Built Environment, basic knowledge, skills, tools and techniques involved in
Pre-requisite Construction Methods and Technology, Project planning and execution of projects within the estimated budget.
development and pre-construction planning
Total It disseminates application of project management processes
L T P/S SW/FW credit involved in project cost management, namely budgeting and cost
Credit Units 4 control with tools and techniques for project cost management.
units
2 1 2 0 4
Lecture Hours 30
Tutorial Hours 15
Practical/Lab Hours 30
Self-Study Hours 75
Total Notional Hours 150

Student Learning Outcomes/Competency


Addressed Syllabus

Upon successful completion of the course, students will be able to: Course Content Weightage SLO Competencies

1. Demonstrate the knowledge of measurement and quantification of different Module I - Quantity takeoff &
types of construction works. (M001, T078, T092, T093) measurement
2. Analyse pre-tender and post-tender estimates as well budget for a
construction project. (M001, M005, M006, T019, T034, T035) Overview of Cost management process M001, T078,
3. Develop cost plan for effective management of projects. (M001, M005, M006,
20% 1
Quantity Takeoff & Measurements T092, T093
T017, T019, T031, T035) Different Construction works
4. Demonstrate the knowledge of cost control techniques. (M001, T017, T019, Use of Measurement Practices
T031)

Module II –Analysis of Rates


Competency Type Code Competency Type Code

Ethics, Rules of Conduct and


professionalism
M M001 Measurement T T078 Analysis of rates for various construction M001, M005,
Accounting principles and procedures M M005 Change management T T017
works that shall include cost of Labour, M006, T019,
Materials, Plant & Machineries and 25% 1, 2 T034, T035,
Business planning M M006 Design and specification T T034 Overheads T078, T092,
Commercial management T T019 Cost prediction and analysis T T031 Schedule of rates and Analysis of rates T093
Quantification and costing T T092
Preparation of Sub contractors rate
Quantification, costing and price analysis T T093 comparison
Design economics and cost planning T T035

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Syllabus Teaching and Learning Strategy

Course Content Weightage SLO Competencies


Module III – Estimation & Budgeting All theoretical concepts will be discussed in the class. Practical case
studies will be discussed to enhance the measurement & costing skills.
Pre & Post Contact Estimation/ Budgeting Assignment will be group/individual submission with critical challenging
M001, M005,
Types of Estimation , BOQ and BID tasks drawn from real construction projects. Practical classes would
30% 2 M006, T019,
Preparation, Preparation of Budget , include the application of software’s to construction measurements and
T034, T035
Budget allocation & monitoring cost analysis.
Concept of Contingency cost
A managed combination of the following methods will be used for
Module IV – Cost Planning & Monitoring teaching and learning:

• Lectures
Cost Planning, Preparation of Cost Plan M001, M005, • Tutorial Case studies
Update & reconciliation of cost plan ,
25% 3, 4
M006, T017, • Lab Practical
Reporting of Cost Plan , Forecasting as T019, T031,
per revised estimate, Cash Flow analysis T035
Valuation of construction work,
Construction Cost control

Assessment Scheme Assessment Description

This module is assessed by Continuous Assessments and Final Examination The following assessments will be conducted:

Theory Component (45%):


Assessment/ Theory L/T Lab/Practical/Studio
Examination Project Assignment (30%)
75% 25%
Scheme:
Students are required to work individually for a construction project case study.
Continuous Assessment/Internal Assessment They would be provided with all the required data related to this project. The
Theory major project Report will have 30% weightage and the students will have to
Project/Home Class Test Attendance End Term
Assessment submit the spiral bound hard copy of the final project report and soft copy of the
Assignments/Case Examination
(L&T) same on LMS. The detailed deliverables of the same will be explained in the
Study/Presentations
assessment handout.
30% 15% 5% 50%
Continuous Assessment/Internal Assessment Mid Term Test (15%)
Lab/ Practical/ End Term
Studio Test/Assignment Class Test Attendance Examination Written test has 15% weightage on overall theory marks. This test will be
Assessment conducted after the completion of Module 2. The detailed instruction about the
45% 0% 5% 50% same will be provided at least one week prior to the test. The tests will be
conducted in the 7th/8th week of the semester. There will not be any repeat test
under any circumstances.

Assessment Description Assessment Schedule


 Theory Component (45%):
The following assessments will be conducted:
S. No. Assessment Type Submission week Assessment Type
Practical Component (45%):
1. Project Mid Term Report Week 6 Guided Divergent
CostX Project Assignment (30%)
2. Project Presentation & Viva Week 10 Guided Divergent
Students are required to work in group for a construction project case study. They
3. Project Final Report Submission Week 11 Guided Divergent
would be provided with all the required data related to this project. Hence, they would
work towards the development of detailed project estimates on CostX. The major 4. Mid Term Test Week 8 or 9 Convergent
project file will have 30% weightage and the students will have to submit the same on
LMS. The detailed deliverables of the same will be explained in the assessment
handout.  Practical Component (45%):
S. No. Assessment Type Submission week Assessment Type
Continuous Lab Assessment (15%)
The assessment of Auto Cad and CostX will be conducted continuously based on 1. Project Mid Term CostX File Week 8 Guided Divergent
exercises performed in the practical sessions having a 15% weightage on overall
practical marks. These assessment will be conducted as per the assessment
schedule and session plans. The detailed instruction about the same will be provided 2. Project Final CostX File Week 11 Guided Divergent
in the lab handouts provided.
3. Continuous Lab Assessment As per sessions Convergent

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Weekly Session Plan SLO Mapping

 Theory Component (45%):


As per Module Descriptor
Major Project (30%)
Srl Mid Term Test End Term Exam
No. (15%) Presentation & Viva Report (50%)
(10%) (20%)
1. × × × ×
2. × × × ×
3. × × ×
4. × × ×

 Practical Component (45%):


Continuous Lab End Term Exam
SLO No. Project Assignment (30%)
Assessment (15%) (50%)

1. × × ×
2. × × ×
3. × × ×
4. × × ×

Indicative Performance Threshold for Indicative Performance Threshold for


Course Work Course Work (Contd….)

Grade Qualitative Value of Grade Performance description


Grade Qualitative Value of Grade Performance description
 Clearly demonstrates a highly creative, critical
 Clearly demonstrates a persuasive, critical and
and thought-provoking understanding of the
thorough understanding of the topic.
topic.
 Some evidence of novel and complex problems
 Novel and complex problems are solved with
solved with reference to theory and practice.
reference to theory and practice.
 Provides evidence of independence of thought
 Provides clear evidence of originality and
and clearly demonstrates the ability to develop a
independence of thought and with an
highly systematic and logical or Insightful
exceptional ability to develop highly systematic
A 75 – 79% argument, solution or evaluation of the problem.
80% and Above and logical or insightful argument, solution or
A+ (Excellent)  Demonstrates excellence in the appropriate use
(Outstanding) evaluation.
of the relevant literature, theory, methodologies,
 Demonstrates exceptional ability in the
practices, tools, techniques etc., to analyse and
appropriate use of the relevant literature, theory,
synthesise the given problem.
methodologies, practices, tools, techniques etc.,
 Shows a high level of clarity, focus and strength
to analyse and synthesise the given problem.
in communication.
 Shows an exceptionally high level of clarity,
 The writing perfectly accomplishes the
focus and strength in communication.
objectives of the assignment.
 The writing perfectly accomplishes the
objectives of the assignment.

Indicative Performance Threshold for Indicative Performance Threshold for


Course Work (Contd….) Course Work (Contd….)

Grade Qualitative Value of Grade Performance description Grade Qualitative Value of Grade Performance description

 Clearly demonstrates a well-developed, critical  Demonstrates a systematic and substantial


and comprehensive understanding of the topic. understanding of the topic.
 Provides some evidence of independence of  Demonstrates the ability to develop a systematic
thought and clearly demonstrates the ability to argument or solution to the given problem.
develop a systematic and logical or insightful  Demonstrates a significant degree of
argument, solution or evaluation of the given competence in the appropriate use of the
B+ 60 – 67%
problem. relevant literature, theory, methodologies,
(Good)
A- 68 – 74%  Demonstrates a high degree of competence in practices, tools, techniques etc., to analyse and
(Very Good) the appropriate use of the relevant literature, synthesise the given problem.
theory, methodologies, practices, tools,  Provides evidence of clarity and focus in
techniques, etc., to analyse and synthesise the communication.
given problem.  Minimally accomplishes the goals of the
 Shows clarity, focus and strength in assignment.
communication
 Accomplishes the goals of the assignment with
an overall effective approach.

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Indicative Performance Threshold for Indicative Performance Threshold for


Course Work (Contd….) Course Work (Contd….)

Grade Qualitative Value of Grade Performance description Grade Qualitative Value of Grade Performance description

 Provides evidence of a systematic  Provides evidence of some understanding of


understanding of the key aspects of the topic. key aspects of the topic and some ability to
 Demonstrates the ability to present a sufficiently present an appropriate argument or solution to
structured argument or solution to the given the given problem.
problem.  Demonstrates some competence in the
 Demonstrates an acceptable degree of B- 45 -51% appropriate use of the relevant literature, theory,
B 52 – 59% competence in the appropriate use of the (Average) methodologies, practices, tools, techniques, etc
(Above Average) relevant literature, theory, methodologies, to analyse and synthesise the given problem.
practices, tools, techniques etc., to analyse and  Provides some evidence of effective
synthesise the given problem communication.
 Provides evidence of effective communication.  Minimally accomplishes the majority of the
 Minimally accomplishes the majority of the goals of the assignment
goals of the assignment.

Indicative Performance Threshold for Indicative Performance Threshold for


Course Work (Contd….) Course Work (Contd….)

Grade Qualitative Value of Grade Performance description Grade Qualitative Value of Grade Performance description

 Provides evidence of sufficient understanding of  Provides incomplete understanding of key


key aspects of the topic and adequate ability to aspects of the topic and inadequate ability to
present an appropriate argument or solution to present an appropriate argument or solution to
the given problem. the given problem.
 Demonstrates satisfactory competence in the  Demonstrates limited competence in the
C+ 40 – 44% appropriate use of the relevant literature, theory, appropriate use of the relevant literature, theory,
(Satisfactory) methodologies, practices, tools, techniques, etc C 35 – 39% methodologies, practices, tools, techniques, etc
to analyse and synthesise the given problem. (Border Line) to analyse and synthesise the given problem.
 Provides some evidence of effective  Provides limited evidence of effective
communication. communication.
 Satisfactory accomplishes the majority of the  Satisfactory accomplishes the majority of the
goals of the assignment goals of the assignment
 Fails to accomplish the majority of the goals of
the assignment

Indicative Performance Threshold for


Course Work (Contd….) Course Material

Lecture slides will be made available to the student’s post the lecture has been delivered and
Grade Qualitative Value of Grade Performance description will be uploaded on LMS. Also, specific reading material for Lecture components would be
uploaded on LMS.
 Work that is unacceptable. Erroneous/wrong, Text Book:
F Less than 35 missing, extremely limited, inappropriate, 1. Jha, K.N., 2015. Construction Project Management - Theory and Practice, 2nd Ed.,
(Fail) insufficient, incoherent, unstructured Pearson Education India.

References:
1. Donald Towey, 2013. Cost Management of Construction Projects, Wiley- Blackwell
2. Dutta, B.N. 2018, Estimating And Costing in Civil Engineering (Theory & Practice), 28th
Revised edition, UBS Publishers, India
3. Project Management Institute, 2017. A Guide to the Project Management Body of
Knowledge (PMBOK Guide) 6th Rev Ed., Project Management Institute.
4. Construction Quantity Surveying: A Practical Guide for the Contractor's QS, Author: Donald
Towey, 2014, ISBN: 978-1-119-02824-6
5. Potts, K. and Ankrah, N., 2014. Construction Cost Management: Learning from Case
Studies, 2nd Ed., Taylor and Francis.
Any other Study Material:
Lecture Slides, reading materials, Documents form ISURV, NRM2, POMI, CESMM4, DSR200,
RICS Black Book, ICMS, Code of measuring Practice.

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Plagiarism Attendance Policy

100% attendance is expected in each course however


“Plagiarism is copying another person’s text or ideas and passing the copied material as your own
work. …You must both delineate (i.e., separate and identify) the copied text from your text and even with 75% attendance students are permitted to
give credit to (i.e., cite the source) the source of the copied text to avoid accusations of plagiarism.
Plagiarism is considered fraud and has potentially harsh consequences including loss of job, loss appear in the End-semester examination.
of reputation, and the assignation of reduced or failing grade in a course.

It is mandatory that each course work shall be checked for plagiarism Percentage of Attendance (%) Marks
through Turnitin or similar software before submission. The content More than 95 5
which is based on existing published work must come from properly
quoted material and from the references cited section. After checking More than 90 and up to 95 4
the accuracy of the citations and references of such content the More than 85 and up to 90 3
plagiarism report should not return similarity index of more than 15% in More than 80 and up to 85 2
any circumstance. However, if the matching text is one continuous
block, the index of 15% could shall be considered plagiarism. Any report More than 75 and up to 80 1
with higher than this percentage matching must be explained by the Less than 75 0
student. The details of copy rights, professional ethics are given in
Plagiarism Prevention Policy of the University.

Class Exercise

Calculate the Quantity of Excavation based on the dimensions of the foundation


in plans from the owners perspective.

THANK YOU

Plan & Cross Section of Building Foundation (All dimensions are in m)

Source: Dr. Emad Elbeltagi chapter -1 introduction

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