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SSUD12-111: Project Cost Management

Description

Effective decision-making in projectised environments requires a clear understanding of time, cost, and resource constraints. This subject examines how project costs are estimated, budgeted, monitored, and managed from initiation through to closure. Students will explore contemporary cost management practices including estimating techniques, direct and indirect costs, cost planning and budgeting, earned value management (EVM), and financing approaches. The subject emphasises real-world application, equipping students to support value-for-money outcomes and maintain financial performance across the project lifecycle.

Subject details

Type: Undergraduate Subject
Code: SSUD12-111
EFTSL: 0.125
Faculty: Faculty of Society and Design
Semesters offered:
  • September 2024 [Standard Offering]
  • September 2025 [Standard Offering]
Credit: 10
Study areas:
  • Business, Commerce, and Entrepreneurship
  • Project Management and Innovation
Subject fees:
  • Commencing in 2024: $5,730.00
  • Commencing in 2025: $5,990.00

Learning outcomes

  1. Practice knowledge needed for effective project cost management on an authentic case study
  2. Develop cost planning documents such as a cash flow and cost management plan to manage and evaluate financial performance
  3. Demonstrate an ability to prepare a progress payment/claim as a basis for cost control and project decision-making
  4. Apply and implement effective cost management practices to identify, address, and resolve cost-related issues throughout the project lifecycle

Enrolment requirements

Requisites:

Nil

Assumed knowledge:

Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for studentsโ€™ lack of prior knowledge.

Restrictions:

Subject dates

Standard Offering
Enrolment opens: 14/07/2024
Semester start: 09/09/2024
Subject start: 09/09/2024
Last enrolment: 22/09/2024
Teaching census: 04/10/2024
Withdraw - Financial: 05/10/2024
Withdraw - Academic: 26/10/2024