CONSTRUCTION & PROJECT COMMERCIAL MANAGEMENT

SHE Level 4
SCQF Credit Points 20.00
ECTS Credit Points 10.00
Module Code MHK225351
Module Leader Tony Coleman
School School for Work Based Education
Subject SCWBE
Trimesters
  • A (September start)
  • B (January start)
  • C (May start)

Summary of Content

Company Finance and Funding Forecasting and Budgeting Mergers/Acquisitions and Insolvency Bidding Strategy Development Appraisal Non-traditional/"novel" Procurement Supply Chain Management Financial Reporting/Forecasting for Projects The percentage of Work Based Learning for this module, as represented by the Independent Learning "Activity Type" ,is 84%. There is no Work Based Assessment, but reflective learning is encouraged.

Syllabus

Construction market conditions and effects of Government Development and review of company bidding strategy Financial management at Company and Project levels/budgeting/variance analysis Sources of finance and funding Recent and current trends in Procurement and contract types in Public and Private Sectors Development appraisal Supply Chain Management Commercial management of Construction Projects Company internal reviews and strategic change Post-contract project financial management Introduction to Claims/Dispute Resolution in given situations

Learning Outcomes

On successful completion of this module, the apprentice should be able to:1. Demonstrate professional insights and interpretation of the importance of financial forecasting and control2. Apply budget/forecasting techniques3. Show extensive detailed knowledge of the importance of establishing a current bidding strategy4. Critically review the different forms of procurement, in both public and private sector5. Apply theory of Risk Management to a given project6. Interpret the common forms of company accounts7. Critically review the implications of insolvency and re-structuring8. Apply development appraisal techniques9. Show extensive detailed knowledge of the principles, techniques and approaches in Supply Chain Management10. Show critical understanding in applying procedures for Project cost reporting and control[A2-A7, B1-B5, B7]

Teaching / Learning Strategy

The primary purpose of this module is to provide the student with the time and space to develop an understanding of the context and principles of construction & project management. In the context of a work based ethos, teaching and learning methods use authentic work based scenarios to promote action learning, inquiry based learning, problem based learning and peer learning. In addition, at this academic level students are expected to take a critical stance as they draw on academic theories and techniques in order to frame, analyse and solve actual work-based problems. These approaches directly involve the apprentice in the process of learning and also encourage collaborative learning. The module will begin with 2 days of introductory seminars to provide the apprentices with a clear understanding of the curriculum and assessment requirements of the module and to engage in question / answers sessions. The remainder of the module is delivered online via GCULearn. The online component is structured using a week by week template and guides the apprentice through the subject learning and assessment requirements of the module. A range of resources such as PowerPoint, Camtasia, video clips, web links and other tailored learning relevant to the module topics are used.. Learners will be supported throughout by the module team. This includes the lecturers, work based / industrial mentors and Academic Development Tutors. Clear sign posting will ensure that module learning outcomes are progressed, reinforced though a carefully mapped formative assessment of concepts / strategies and the application of critical subject matter. This facilitates an evaluation of the level of comprehension attained by the apprentice and also enables the module team to provide support and guidance as required through email, GCULearn announcements, blogs, skype of Collaborate discussions. Summative assessments are compulsory. A mark of 35% must be achieved for each summative assessment and an overall / aggregate mark of 40% must be achieved.

Indicative Reading

Essential texts McCabe,-1 Steven-1 (2010)-1 Corporate Strategy -1 in -1 Construction, Wiley-Blackwell: ISBN 9781444318760. -1 Harris, F. & -1 McCaffer, -1 R. (2013)-1 Modern-1 Construction Management (7th Ed) Blackwell: ISBN 9780470672174. -1 Lowe, -1 D. (Ed.) (2006)-1 Commercial Management-1 of Projects-Defining-1 the -1 Discipline, Blackwell : ISBN 9781405124508. Peterson,-1 S. -3 (2019) -1 Construction-10 Accounting -1 and Financial-1 Management (4th Ed) Blackwell : ISBN 9780135232873. Merna, T., -4 Yang -1 Chu & Faisal,-1 F. (2010)-1 Project Finance-1 in -1 Construction Wiley Blackwell : ISBN 9781444334777. Recommended texts -1 Cooke, -1 R. (2009)-1 Planning,-1 Measurement -1 and -1 Control for-1 Building, Wiley-1 Blackwell: ISBN 9781405191395. Potts, K. (2014)-1 2nd -1 ed -1 Construction -1 Cost Management, -4 Taylor Francis: ISBN 9780415629126.

Transferrable Skills

Analytical, appraisal, interpretative and quantitative skills Verbal, visual and responsive presentation skills Group working Independent working [C1, C2, C3, C4, C5, D1, D2, D4-D6, E1, E5-E7]

Module Structure

Activity Total Hours
Independent Learning (FT) 168.00
Seminars (FT) 12.00
Assessment (FT) 20.00

Assessment Methods

Component Duration Weighting Threshold Description
Course Work 01 n/a 100.00 35% Continuous Assignment with given incidents