ENGGEN 739 : Cost Engineering
Engineering
2024 Semester Two (1245) (15 POINTS)
Course Prescription
Course Overview
- Cost accounting
- Methods in cost estimating
- Finance, discounting, investment decisions and sensitivity
- Time value of money and engineering economics
- Project progress measurement, Earned Value and Forecasting
- Change Management
- Other contemporary topics based on the scholarly literature
Capabilities Developed in this Course
| Capability 4: | Critical Thinking |
| Capability 5: | Solution Seeking |
| Capability 6: | Communication |
| Capability 7: | Collaboration |
| Capability 8: | Ethics and Professionalism |
Learning Outcomes
- Understand and apply cost engineering knowledge to project scenarios, developing realistic cost estimates for planned scopes of work. (Capability 4.1, 4.2, 5.1, 6.1, 7.1, 8.1 and 8.2)
- Apply engineering economic theories and NPV analysis to evaluate options and develop financial proposals for funding approvals of engineering projects at the different phases of the project lifecycle. (Capability 4.1, 4.2, 5.1, 6.1, 7.1, 8.1 and 8.2)
- Be able to manage and control a project’s profitability and cash flows during the project execution phase through techniques such as earned value, forecasting and change management. (Capability 4.1, 4.2, 5.1, 6.1, 7.1, 8.1 and 8.2)
- Work effectively in a team to implement strategies to achieve positive project financial outcomes. (Capability 4.1, 4.2, 5.1, 6.1, 7.1, 8.1 and 8.2)
Assessments
| Assessment Type | Percentage | Classification |
|---|---|---|
| Assignments (Individual) | 20% | Individual Coursework |
| Case study - Individual Report | 30% | Individual Coursework |
| Case study - Team Report | 30% | Group Coursework |
| Discussions (Discussion board contributions) | 10% | Individual Coursework |
| Quizzes (2 quizzes each 5%) | 10% | Individual Test |
| 5 types | 100% |
| Assessment Type | Learning Outcome Addressed | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | |||||||
| Assignments (Individual) | ||||||||||
| Case study - Individual Report | ||||||||||
| Case study - Team Report | ||||||||||
| Discussions (Discussion board contributions) | ||||||||||
| Quizzes (2 quizzes each 5%) | ||||||||||
The team assignments will include a peer review system to encourage all students to contribute their fair work effort to the assignments. Individual student marks for the team assignments will be based on the team grade, moderated downwards or upwards, based upon the peer review results. All students are expected to contribute to the team assignments and to complete the peer review. A peer review system will be confidential to ensure fairness.
Workload Expectations
This course is a standard 15 point course and students are expected to spend up to 10 hours per week in learning, reading and assignments.
Students can expect 12 hours of online tutorials and 48 hours of reading and thinking about the course content. In addition, students should expect to allocate 40 hours of work on team assignments and approximately 50 hours on individual assignments.
Delivery Mode
Campus Experience
Attendance is expected at scheduled activities including tutorials to complete components of the course.
Lectures will be available as recordings. Other learning activities including tutorials will not be available as recordings.
The course may include live online events including group discussions/tutorials.
Attendance on campus is not required for assessments.
The activities for the course are scheduled as a standard weekly timetable.
Learning Resources
Course materials are made available in a learning and collaboration tool called Canvas which also includes reading lists and lecture recordings (where available).
Please remember that the recording of any class on a personal device requires the permission of the instructor.
Health & Safety
Students must ensure they are familiar with their Health and Safety responsibilities, as described in the university's Health and Safety policy.
Student Feedback
At the end of every semester students will be invited to give feedback on the course and teaching through a tool called SET or Qualtrics. The lecturers and course co-ordinators will consider all feedback and respond with summaries and actions.
Your feedback helps teachers to improve the course and its delivery for future students.
Class Representatives in each class can take feedback to the department and faculty staff-student consultative committees.
Feedback from students taking the course in 2023 has been considered and updates made to the course, in particular the assignments and mode of delivery.
Other Information
Time After the Due Date / Penalty
<=24 hours (1 day) -10%
>24 hours but <=48 hours (2 days) -20%
>48 hours but <=72 hours (3 days) -30%
>72 hours but <=96 hours (4 days) -40%
>96 hours but <=168 hours (7 days) -50%
>168 hours (7 days) -100%
Extensions will only be granted in exceptional circumstances. If you want to apply for an extension, you should discuss your circumstances with the Course Coordinator before the assignment due date.
For medical circumstances, you should provide a copy (or original) of a medical certificate.
Academic Integrity
The University of Auckland will not tolerate cheating, or assisting others to cheat, and views cheating in coursework as a serious academic offence. The work that a student submits for grading must be the student's own work, reflecting their learning. Where work from other sources is used, it must be properly acknowledged and referenced. This requirement also applies to sources on the internet. A student's assessed work may be reviewed for potential plagiarism or other forms of academic misconduct, using computerised detection mechanisms.
Canvas will be set up to allow you to submit Assignments to Turnitin as many times as you wish and you will also see the Similarity Score.
Class Representatives
Class representatives are students tasked with representing student issues to departments, faculties, and the wider university. If you have a complaint about this course, please contact your class rep who will know how to raise it in the right channels. See your departmental noticeboard for contact details for your class reps.
Inclusive Learning
All students are asked to discuss any impairment related requirements privately, face to face and/or in written form with the course coordinator, lecturer or tutor.
Student Disability Services also provides support for students with a wide range of impairments, both visible and invisible, to succeed and excel at the University. For more information and contact details, please visit the Student Disability Services’ website http://disability.auckland.ac.nz
Special Circumstances
If your ability to complete assessed coursework is affected by illness or other personal circumstances outside of your control, contact a member of teaching staff as soon as possible before the assessment is due.
If your personal circumstances significantly affect your performance, or preparation, for an exam or eligible written test, refer to the University’s aegrotat or compassionate consideration page https://www.auckland.ac.nz/en/students/academic-information/exams-and-final-results/during-exams/aegrotat-and-compassionate-consideration.html.
This should be done as soon as possible and no later than seven days after the affected test or exam date.
Learning Continuity
In the event of an unexpected disruption, we undertake to maintain the continuity and standard of teaching and learning in all your courses throughout the year. If there are unexpected disruptions the University has contingency plans to ensure that access to your course continues and course assessment continues to meet the principles of the University’s assessment policy. Some adjustments may need to be made in emergencies. You will be kept fully informed by your course co-ordinator/director, and if disruption occurs you should refer to the university website for information about how to proceed.
Student Charter and Responsibilities
The Student Charter assumes and acknowledges that students are active participants in the learning process and that they have responsibilities to the institution and the international community of scholars. The University expects that students will act at all times in a way that demonstrates respect for the rights of other students and staff so that the learning environment is both safe and productive. For further information visit Student Charter https://www.auckland.ac.nz/en/students/forms-policies-and-guidelines/student-policies-and-guidelines/student-charter.html.
Disclaimer
Elements of this outline may be subject to change. The latest information about the course will be available for enrolled students in Canvas.
In this course students may be asked to submit coursework assessments digitally. The University reserves the right to conduct scheduled tests and examinations for this course online or through the use of computers or other electronic devices. Where tests or examinations are conducted online remote invigilation arrangements may be used. In exceptional circumstances changes to elements of this course may be necessary at short notice. Students enrolled in this course will be informed of any such changes and the reasons for them, as soon as possible, through Canvas.