Construction Projects Evaluation (300IGC023)

Basic Information

  • Course code number and name: 300IGC023, Construction Projects Evaluation.
  • Credits and contact hours: 3 credits, 4 hours per week.
  • Course coordinator: William Javier Fajardo
  • Type of course: Required.

Text book

  • Fundamentals of Engineering Economy, C.S. Park, 2nd Edition, 2009.

Supplemental materials

  • Economic Engineering. 6th Edition, L. Blank, A. Tarquin, 2006.
  • Project Management, C. Gray, E. Larson, 2012.
  • Construction of Buildings, L. Botero, 2008.
  • Modern management, S. Certo, 2001.
  • Cost Engineering in Construction, D. López , 2010.

Specific course information

The objective of the course is to present the fundamentals of the formulation, characteristics, life-cycle development and end results of construction projects. To that effect, the basic concepts of planning, organization, direction, and control of construction projects are presented. The analytical tools of Engineering Economics and financial mathematics will be used to evaluate the returns and earned value of the cash flows associated with construction projects.

Specific goals of the course

Learning objectives:
  • To identify the concepts of administration, organization and project definition.
  • To identify the fundamental concepts and notation of engineering economics.
  • To calculate: present value, future value, benefit/cost ratio.
  • To program a project implementation.
  • To plan supervision and control of construction projects.
Relationship with student outcomes
Student Outcomes
Relevance 2 3 2 3 3 2

1: low relevance; 2: medium relevance; 3: high relevance.

Topics of the course

  • Project management.
  • Strategy. Management structure
  • Structure of work distribution
  • Definition of a product life cycle.
  • Engineering economics. Introduction. Compound Interest.
  • Effective rate, nominal rate, equivalence
  • Present and future value.
  • Concept of net present value NPV
  • Value analysis. Alternatives with equal lives.
  • Minimum attractive rate of return. Internal rate of return.
  • Housing finance system unit (UVR). Real value. Cash flow, initial investment, and constant current flow.
  • Simulation jobbing. Resources. Construction monitoring.
  • Risk and probability. Probabilistic times
undergraduate/dptocivileindustrial/constructionprojectsevaluation.txt · Última modificación: 2014/10/18 11:52 por lsosorio
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