Course Title: Project Financial Management and Appraisal

Part A: Course Overview

Course Title: Project Financial Management and Appraisal

Credit Points: 12

Course Code




Learning Mode

Teaching Period(s)


City Campus


325H Property, Construction & Project Management


Sem 1 2015,
Sem 2 2015,
Sem 1 2016,
Sem 2 2016,
Sem 1 2017

Course Coordinator: Dr. Eric Too

Course Coordinator Phone: +61 3 9925 0192

Course Coordinator Email:

Pre-requisite Courses and Assumed Knowledge and Capabilities

This course assumes that you have acquired foundational knowledge of basic project costing literature and that you are proficient in the of use spread sheet software

Course Description

Project costing and financial management are among the most thought-provoking and critical facets of the project management process. Under tighter budgets and increasingly competitive work environment, stakeholders need to build value for all monies spent. The ability to determine and assess funding options and schemes is vital to effective project management.
This course will consolidate and expand your knowledge of project costing and deepen your understanding of its relevance to the broader project development process. You will acquire the theoretical knowledge and project management skills required to distinguish and compare alternative financing schemes for project performance, and you will also analyse and appraise the economic status of projects and corporations. Further, you will broaden and deepen your understanding of project financial management principles, theory and practice as applicable to contemporary industry practices.

Objectives/Learning Outcomes/Capability Development


Learning outcomes
Upon successful completion of this course, you will be able to:
• Apply specialised knowledge of traditional and contemporary costing methods and systems to diverse projects.
• Utilise specialised economic evaluation techniques to determine and evaluate project feasibility.
• Analyse, synthesise and communicate the financial context of projects and compare alternative funding schemes for project performance.
• Critically analyse economic parameters to determine financial status within diverse organisations
• Research and justify why and how contemporary financial management strategies are preferable according to the project context.
Program Learning Outcomes
In this course you will develop the following program learning outcomes:
1. Determine and apply knowledge of complex project management theory, principles and best practice to applied projects to contribute to the profession and discipline of project management
2. Critically analyse, synthesise and reflect on project management theory and recent developments, both local and international, to extend and challenge knowledge and practice
3. Professionally communicate and justify project scope, design, implementation, strategy and/or outcomes, engaging effectively with diverse stakeholders across a range of industry sectors
4. Apply the specialist knowledge and technical skills required to creatively address the diverse needs of project stakeholders, formulating innovative solutions and demonstrating independent and sound decision making related to your professional practice and the discipline

Overview of Learning Activities

You will engage in a range of learning activities in this course including case study analyses, class discussions, and project based costing exercises

Overview of Learning Resources

RMIT will provide you with resources and tools for learning in this course through our online systems.
You will also be provided with a range of learning resources including which may include, textbook, notes, case studies, software packages, reference lists, and library resources.

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, but is not limited to, written project evaluation report(s), individual/group assignments and in-class presentations.
Feedback will be provided on all assessment tasks. Feedback will be provided in a range of ways including via individual consultations and group feedback.
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 .