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.
|Faculty||Faculty of Society & Design|
1. Show competency in project cost and procurement management
2. Examine capital budgeting techniques and decision-making
3. Design a procurement solution including feasibility study and budget
4. Develop a financing plan for managing project cash flow requirements
5. Explore case studies highlighting different project scenarios
|Non-Standard Offering - Weeks 5 & 10||Non-Standard Offering - Weeks 4 & 9|