Note: More information will become available after 2020-12-31

CIVL4815: Project Formulation (2020 - Semester 1)

Unit: CIVL4815: Project Formulation (6 CP)
Mode: Normal-Day
On Offer: Yes
Level: Senior Advanced
Faculty/School: Civil Engineering
Unit Coordinator/s: Dr Liu, Li
Session options: Semester 1
Versions for this Unit:
Site(s) for this Unit: http://www.civil.usyd.edu.au/current/undergraduate/units_of_study.shtml
Campus: Camperdown/Darlington
Pre-Requisites: CIVL3805 AND (CIVL3812 OR CIVL2812).
Brief Handbook Description: The aim of this UoS is to develop students’ ability to formulate projects through critically assessing & developing business case and project plan for a real-life engineering construction project. This UoS is relevant for students who intend to pursue career related to construction management. The learning activities focus on the project’s viability and early stage planning. Strategic needs and possible project options are identified and assessed based on potential benefits, costs and the strategic context. Suitable site/route needs to be selected for the project based on technical and business considerations. Due consideration should also be given to the project’s impacts on environment and communities. The project’s viability can be indicated using Benefit-Cost ratio as well as non-financial indicators such as number of jobs created and the number of life saved. In deriving these indicators, it is important to take project uncertainties into consideration through using techniques such as sensitivity analysis, decision-tree analysis, probabilistic modelling and Monte Carlo simulation. The objective is to justify investment decisions based on business needs and recommend the most appropriate course of actions to address the business needs.

The early stage planning concentrates on defining project requirements and project delivery strategy. The objective is to seek approval/support for project delivery or to critically evaluate the current project plan, depending on the current stage of the project. The exercise is to develop a plan guide project delivery and transition to operation. The plan should cover, but not limited to, the feasibility analysis, project deliverables, plan of activities necessary to move the project to the next stages, procurement strategy, what’s needed to enable delivery (e.g. stakeholder management plan, planning and other approvals, funding, time, control processes, community and environment management plan, marketing and sales plan, and risk management plan) and, what is required to complete delivery and transition to operation stages.
Assumed Knowledge: None.