The execution phase of building and civil engineering construction, decision analysis on scale, feasibility, risks and their assignment, selection of procurement mode, etc.
Engineering Economic Analysis
The subjects of decision-making; hard and soft systems management; decision models, cost concepts and accounting, the time value of money; comparing options; depreciation and taxes; and public sector projects will be studied. Case studies will be presented.
Construction Planning and Control
Planning of civil engineering projects using networking techniques and time space methods. Treatment of resources and cash flow. Activity planning. Concepts of control at the project and activity levels.
Project and Construction Economics
Application of the principles of engineering economics, economics and systems analysis techniques to the mathematical modeling of civil engineering projects. Topics treated: modeling of capital expenditures, revenues and operating expenditures, project financing, sensitivity analysis, risk analysis and management.