Code: 126ECMA Economics and Management
Lecturer: doc. Ing. Aleš Tomek CSc. Weekly load: 2P+2C Completion: A, EX
Department: 11126 Credits: 5 Semester: W
Description:
A-Z of construction engineering and management both at the corporate and project level. All participants, processes and aspects of the construction industry are introduced. Course concentrates on all major topics of company and project management, e.g. business development and marketing, bidding, planning and controlling of all vital processes, financial management, cost control, risk management, etc. Lectures are based on the real practice experience of all course's lecturers and various case studies are studied and solved.
Online Building Industry Game (BIG) will be played by all course participants through the whole semester (a computer simulation of a realistic business environment where participants play the role of contractors, competing in a market with variable demand for construction work). In this online game, developed and directly operated by the California Polytechnic State University, students act as contractors, managing both, their companies and projects.
Contents:
1. Challenges of construction industry, summary of key management problems
2. Short introduction to organisation of construction firm, process management
3. Review of company management handbook - operations manual
4. Application of engineering economy - capital investment evaluation
5. Project management - project mission, what the client wants, managing stakeholders
6. Understanding contractor?s financial condition
7. Project life cycle, managing the budget, risk and uncertainty, project information flow
8. Contract management as basis of the project outcome
9. Bidding and estimating
10. Project administration
11. Project financing and management of financial risks
12. Procurement and purchase strategy of construction firm
13. Equipment management, recap of the course
Seminar contents:
Online Building Industry Game - a computer simulation of a realistic business environment - will be played by all course participants through the whole semester. Game is developed and directly operated by the California Polytechnic State University. Students act as contractors, competing in a market with variable demand for construction work, managing both, their companies and projects.
Recommended literature:
!J. Schaufelberger, L. Holm: Management of Construction Projects, Prentice Hall, 2017, ISBN 9781138693913.
!F. Gould, N. Joyce: Construction Project Management, Pearson, 2014, ISBN-13: 9780132877244.
!S.Peterson: Construction Accounting and Financial Management, Pearson, 2019, ISBN-13: 978-0135232873
Keywords:
construction company management, construction project management, finance in construction

Abbreviations used:

Semester:

Mode of completion of the course:

Weekly load (hours per week):