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SDPM12-100: Project Resource and Cost Management

Description

Effective decision-making in projectised environments requires a clear understanding of the relationship between time, resources, and cost. This subject examines how human, material, and equipment resources are planned, allocated, and managed, and how project costs are estimated, budgeted, monitored, and controlled throughout the project lifecycle. The subject emphasises the close integration between resource management and cost management, highlighting how resource planning and utilisation influence project cost performance. Key topics include labour and plant planning, leadership and team capability, resource calendars, resource levelling, cost estimation and budgeting, earned value management (EVM), and project cash flow analysis. Through practical exercises and case-based learning, students develop the skills required to manage project resources effectively and maintain financial performance across the project lifecycle.

Subject details

Type: Undergraduate Subject
Code: SDPM12-100
Faculty: Faculty of Society and Design
Credit: 10
Study areas:
  • Project Management and Innovation

Learning outcomes

  1. Apply integrated resource and cost management principles to plan and control project performance in a case-based context.
  2. Align key project management artefacts, including resource plans, cost estimates, and time-phased budgets, to optimise project trade-offs.
  3. Analyse and interpret project performance data, including labour histograms, progress claims, and earned value metrics.
  4. Evaluate resource and cost issues to support effective project decision-making.

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 students’ lack of prior 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 students’ lack of prior knowledge.

Restrictions:

Anti-requisites: