Course Details
Course Information Package
| Course Unit Title | DEVELOPMENT ECONOMICS AND INVESTMENT APPRAISAL | ||||||||
| Course Unit Code | AQSE480 | ||||||||
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| Number of ECTS credits allocated | 5 | ||||||||
| Learning Outcomes of the course unit | By the end of the course, the students should be able to:
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| Mode of Delivery | Face-to-face | ||||||||
| Prerequisites | AEAP200 | Co-requisites | NONE | ||||||
| Recommended optional program components | NONE | ||||||||
| Course Contents | Introduction: Analyse the nature of schedule and cost control, and analyse why we need schedule and cost control. Introduction to the project life cycle. Economic Growth and Economic Inequality: Identify and develop customer requirements and introduce the concept of work breakdown structure. Analyse the baseline development. Poverty, Population Growth and Economic Development: Analyse the key steps in developing schedules and present the techniques for compressing schedule and levelling resources. Explain the Gantt and milestone charts. Land, Labor, Credit, Insurance and Trade: Analyse cost categories and explain the fundamentals of resource planning. Present methods for the determination of the budget and consider the types of estimates. Identify the program evaluation and review techniques and finally explain the method for collecting cost data with the integrated work breakdown. Investment appraisal: Explain the terms of schedule planning, cost estimating, resource planning, risk planning, subsidiary management plans and project plan. Identify the implementation stage of the project and analyse the methods for the monitor and control of the project. Advanced Methods and Applications of Investment Appraisal: Analyse methods of controlling schedule and cost. Introduce the concepts of earned value management and earned value analysis. Introduce methods for estimating the percent complete and project change process. Introduce the ideas of change management process, project change control and change control management. Determination of project completion. Exit strategy process. | ||||||||
| Recommended and/or required reading: | |||||||||
| Textbooks |
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| References |
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| Planned learning activities and teaching methods | The course will be presented through theoretical lectures in class, where practical problems and case studies will be considered. The lectures will present to the student the course content and allow for questions. Part of the material will be presented using visual aids. The aim is to familiarize the student with the different and faster pace of presentation and also allow the instructor to present related material (photographs, videos, etc.) that would otherwise be very difficult to do. The learning process will be enhanced with the requirement from the student to solve relevant examples. These include self-evaluation exercises which will be solved in class. These exercises will not be graded. Exercises will also be given as homework which will be part of their assessment. Besides from the notes taken by students in class, all of the course material will be made available through the class website and also through MOODLE. Finally the instructor will be available to students during office hours or by appointment in order to provide any necessary tutoring. | ||||||||
| Assessment methods and criteria |
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| Language of instruction | English | ||||||||
| Work placement(s) | NO | ||||||||
