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Unit of study_
PMGT5873: Project Economics and Procurement
2024 unit information
Projects consume resources that must be financed and procured. Procurement choices for a project will have implications for planning, structuring, resourcing and financing. This Unit introduces students to a variety of procurement approaches with an emphasis on different forms of contractual arrangements, responsibilities, organisational structures, solicitation planning, governance principles including partnering and collaborative contracting. The finance component addresses project financial appraisal and feasibility analysis and financial management applicable to all sectors of industry. Coverage includes the design, structuring, costing, sourcing and management of project finance, credit risk analysis, the cost of capital, principles of financial accounting, capital structure, markets and securitisation, fundamentals of project economics and implementation of financial principles and techniques such as EUAC, NPV, IRR, B/C, valuation, depreciation, replacement studies and life cycle costing, sensitivity analysis, risk analysis.
Unit details and rules
Managing faculty or University school:
Project Management
| Code | PMGT5873 |
|---|---|
| Academic unit | Project Management |
| Credit points | 6 |
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Prerequisites:
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None |
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Corequisites:
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None |
| Prohibitions:
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PMGT6873 |
| Assumed knowledge:
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None |
At the completion of this unit, you should be able to:
- LO1. Demonstrate a working knowledge of the fundamentals of project finance and practical understanding of the framework typically used to analyse proposals in public and private sectors
- LO2. Demonstrate a basic understanding of the various methods for life cycle cost determination,valuation, depreciation and capitalisation methods and their application
- LO3. Analyse various funding options and their effective selection and management in order to ensure the project's business objectives
- LO4. Perform multi-criteria analysis, using a variety of typical financial analysis techniques, for optimum selection and application of a given project appraisal to meet specific business objectives
- LO5. Describe, select and apply procurement strategies appropriate to different project contexts
- LO6. Facilitate the negotiation and agreement of contractual terms and conditions, manage the procurment process and pre-contarctual issues that address project and stakeholder objectives
Unit availability
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Modes of attendance (MoA)
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