Course Title: Advanced Cost Planning

Part A: Course Overview

Course Title: Advanced Cost Planning

Credit Points: 12

Course Code




Learning Mode

Teaching Period(s)


City Campus


325H Property, Constr & Proj Mgt


Sem 2 2007,
Sem 2 2008,
Sem 2 2009,
Sem 2 2010,
Sem 2 2011


Singapore Inst of Management


325H Property, Constr & Proj Mgt


Offsh 1 08,
Offsh 1 09,
Offsh 1 11,
Offsh 3 09,
Offsh 3 10,
Offsh 3 11,
Offsh3 12

Course Coordinator: Peter S.P. Wong (City campus) Mark Vines (Singapore)

Course Coordinator Phone: +61 3 99253978

Course Coordinator

Pre-requisite Courses and Assumed Knowledge and Capabilities

BUIL1142 (BUIL1144)Cost Planning & Tendering which comprises; knowing how to apply the standard cost planning and forecasting techniques to simple buildings. Understand the role of the cost planning & analysis as a means of managing the design process. Understand the differences between cost management and modelling of building structures, and civil engineering structures. Understand the role of tendering.

Course Description

This course aims to expand upon and apply the concepts of cost management introduced in the pre-requisite course.
Specifically, this course will comprise:

• Theoretical applications of cost management to buildings

• The opportunity to investigate the economics of the building industry

• Introduce building value concepts and their use in industry

• Enable students to investigate the use of various cost management approaches to the construction of the built environment.

Objectives/Learning Outcomes/Capability Development

In this course you will develop the following program capabilities:
GC 3 Professional Practice
• Embody excellence in professional practice

• Demonstrate the knowledge, skills and personal qualities required to commence in professional practice

GC 6 Discipline Knowledge & Technical Expertise
• Synthesise knowledge, skill and technologies with professional experience in complex problem situations in order to produce industry practice outcomes

At the conclusion of this course, you will be able to:

  1. recognise the capital and life cycle costs issues in a complex environment;
  2. apply various cost management philosophies,
  3. investigate the economic impact of cost on the built environment.

Overview of Learning Activities

Face-to face lectures provide the key concepts for this course. Hands-on examples will be provided. Practical tasks will enhance students’ engagement in the workshops.

Overview of Learning Resources

RMIT will provide you with resources and tools for learning in this course through our online systems

Overview of Assessment

You will be assessed on how well you meet the course’s learning outcomes and on your development against the program capabilities. Assessment may include group presentation and assignment.
Feedback will be given on all assessment tasks.
If you have a long term medical condition and/or disability it may be possible to negotiate to vary aspects of the learning or assessment methods. You can contact the program coordinator or the Disability Liaison Unit if you would like to find out more.
An assessment charter ( ) summarises your responsibilities as an RMIT student as well as those of your teachers.
Your course assessment conforms to RMIT assessment principles, regulations, policies and procedures which are described and referenced in a single document:;ID=ln1kd66y87rc