A robust understanding of finance and procurement is vital to successful project delivery. This subject examines financing and procurement management of projects, with particular emphasis on the initiation phase, using a range of international case studies drawn from both public and private sectors. The financing component 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. The procurement component includes different types of contractual arrangements, responsibilities and appropriate organisational structures, solicitation planning, governance, the process of feasibility analysis, bid design and selection criteria, setting of a project budget and cost baseline, and implications for contract administration and contract close-out. Together, finance and procurement management ensure the ‘right project’ is selected and that client/sponsor satisfaction and value for money are ultimately delivered.
Academic unit: Faculty of Society & Design Subject code: SSUD71-111 Subject title: SSUD71-111: Project Finance and Procurement Subject level: Postgraduate Semester/Year: January 2021 Credit points: 10.000
Delivery & attendance
Timetable: https://bond.edu.au/timetable Delivery mode: Standard Workload items:
- Seminar: x12 () - Weekly Seminar
- Personal Study Hours: x12 () - Recommended study hours
Attendance and learning activities:
- Walker, D.H.T. and Lloyd-Walker, B.M. (2015). Collaborative project procurement arrangements. n/a, Project Management Institute
- Yescombe, E.R. (2002). Principles of project finance. n/a, Elsevier
- Cartlidge, D. (2004). Procurement of built assets. n/a, Elsevier
- Esty, B. (2004). Modern project finance: a casebook. n/a, John Wiley & Sons
- Fight, A. (2005). Introduction to project finance. n/a, Elsevier
- Harvard, T. (2014). Financial feasibility studies for property developers: theory and practice. n/a, Routledge
- Tan, W. (2007). Principles of project and infrastructure finance. n/a, Taylor & Francis
- Lynda.com Accounting fundamentals.
- Lynda.com Finance fundamentals.
[email protected] & Email: [email protected] is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student.
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|Academic unit:||Faculty of Society & Design|
|Subject title:||SSUD71-111: Project Finance and Procurement|
|Attendance and learning activities:|
|[email protected] & Email:||[email protected] is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student.
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 students’ lack of prior knowledge.
Assurance of learning
Assurance of Learning means that universities take responsibility for creating, monitoring and updating curriculum, teaching and assessment so that students graduate with the knowledge, skills and attributes they need for employability and/or further study.
At Bond University, we carefully develop subject and program outcomes to ensure that student learning in each subject contributes to the whole student experience. Students are encouraged to carefully read and consider subject and program outcomes as combined elements.
Program Learning Outcomes (PLOs)
Program Learning Outcomes provide a broad and measurable set of standards that incorporate a range of knowledge and skills that will be achieved on completion of the program. If you are undertaking this subject as part of a degree program, you should refer to the relevant degree program outcomes and graduate attributes as they relate to this subject.
Subject Learning Outcomes (SLOs)
On successful completion of this subject the learner will be able to:
- Show competency in project cost and procurement management
- Develop a financing plan for managing project cash flow requirements
- Explore case studies highlighting different project scenarios
- Examine capital budgeting techniques and decision-making
- Design a procurement solution including feasibility study and budget
Type Task % Timing Outcomes assessed Activity n/a 10.00% Week 5 1,2 Written Report Assignment 1 50.00% Week 8 1,3 Discussion n/a 10.00% Week 10 1,5 Written Report Assignment 2 30.00% Week 12 1,4
High Distinction 85-100 Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking. Distinction 75-84 Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas. Credit 65-74 Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above. Pass 50-64 Usually awarded to students whose performance meets the requirements set for work provided for assessment. Fail 0-49 Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines.
For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
|Written Report||Assignment 1||50.00%||Week 8||1,3|
|Written Report||Assignment 2||30.00%||Week 12||1,4|
Students must check the [email protected] subject site for detailed assessment information and submission procedures.
Policy on late submission and extensions
A student who has not established a basis for an extension in compliance with University and Faculty policy either by 1) not applying before the assessment due date or 2) by having an application rejected due to failure to show a justifiable cause for an extension, will receive a penalty on assessment submitted after its due date. The penalty will be 10% of marks awarded to that assessment for every day late, with the first day counted after the required submission time has passed. No assessment will be accepted for consideration seven calendar days after the due date. Where a student has been granted an extension, the late penalty starts from the new due date and time set out in the extension.
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University’s Academic Integrity Policy defines plagiarism as the act of misrepresenting as one’s own original work: another’s ideas, interpretations, words, or creative works; and/or one’s own previous ideas, interpretations, words, or creative work without acknowledging that it was used previously (i.e., self-plagiarism). The University considers the act of plagiarising to be a breach of the Student Conduct Code and, therefore, subject to the Discipline Regulations which provide for a range of penalties including the reduction of marks or grades, fines and suspension from the University.
Feedback on assessment
Feedback on assessment will be provided to students within two weeks of the assessment submission due date, as per the Assessment Policy.
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Additional subject information
The focus of this subject is on project cost management, project procurement management and project initiation. It primarily addresses Program Learning Outcome #2: advise on effective implementation strategies to ensure value for money to the client/sponsor and how to meet agreed key performance indicators for project success.
Introduction to subject.
Procurement methods, bid process and selection criteria.
Contract management, incomplete contracts and competitive tension.
Consortium bid management v adversarial contracting.
Principles of finance and capital markets.
Investment decision-making, time value of money and cost-benefit analysis.
Life cycle costing.
Budgeting and cost control.
Project cost management processes.