Course Title: Monitor costing systems on medium rise building and construction projects

Part B: Course Detail

Teaching Period: Term1 2016

Course Code: BUIL5990C

Course Title: Monitor costing systems on medium rise building and construction projects

School: 130T Vocational Engineering

Campus: City Campus

Program: C5256 - Diploma of Building and Construction (Building)

Course Contact: Program Manager

Course Contact Phone: +61 3 9925 4338

Course Contact Email: vocengineering@rmit.edu.au


Name and Contact Details of All Other Relevant Staff

Dr Partha Halder
E-mail: partha.halder@rmit.edu.au



 


 

Nominal Hours: 60

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Pre-requisites and Co-requisites

Nil

Course Description

This unit of competency specifies the outcomes required to monitor building or construction costing systems. The processes and practices involved in supervising and monitoring costing systems result in the ongoing maintenance of cost control and the production of expenditure schedules and other arrangements, which ensure contracts or projects remain on budget. In order to achieve the outcomes for this unit, knowledge of relevant legislation, codes and standards, industry estimating and costing systems, and financial principles is required.


National Codes, Titles, Elements and Performance Criteria

National Element Code & Title:

CPCCBC5002A Monitor costing systems on medium rise building and construction projects

Element:

1. Supervise the identification and classification of project costs.

Performance Criteria:

1.1. Staff members are supervised in their identification of building or construction costs and accurate estimates are made from project schedules.
1.2. Definitive cost estimates are accurately translated into the correct cost centres appropriate to contract requirements.
1.3. Cost centres are correctly identified and incorporated into a planned project cost network.
1.4. Risk assessment is undertaken and estimated cost is compared with estimated risk.
1.5. Planning ensures compliance with relevant codes of practice, standards and legislative requirements.

Element:

2. Manage the preparation of a schedule of project expenditure.

Performance Criteria:

2.1. Draft schedules of project expenditure are prepared with critical points identified.
2.2. Expenditure schedules are prepared using organisational processes, and hard copies are produced.
2.3. Critical financial phases of the project are identified and cash flows are matched to expenditure.

Element:

3. Prepare curves showing projected cash flow and payments.

Performance Criteria:

3.1. Interim payment claims and rise and fall calculations are prepared for the contractor and subcontractors.
3.2. Projected S curve is prepared to show cash flow and resource control.
3.3. Projected cash flow and payments using time risk and cost risk are prepared and compared.
3.4. Cash flows using early start and late finish for pessimistic or optimistic outcomes are compared.
3.5. Pessimistic overdraft requirements are calculated.
 

 

 

Element:

4. Maintain continuous checks on expenditure and evaluate outcomes.

Performance Criteria:

4.1. Cash flow and creditor payments are monitored daily.
4.2. Budget cost of the network is compared to actual costs in the tender calculations.
4.3. Rise and fall clause calculations are undertaken and financial controller is advised of variations.
4.4. Reasons for any cost variations are analysed and identified.
4.5. Remedial action is taken and recorded as necessary to retain contract financial compliance.

Element:

5. Prepare final cost report.

Performance Criteria:

5.1. Actual costs are compared with estimates at the completion of the job and a report is compiled detailing future actions.
5.2. Organisational rates are adjusted as required, based on the final cost report and current movements in prices and rates.


Learning Outcomes


Refer to elements.
 


Details of Learning Activities

Students will be involved in the following learning activities to meet requirements for this competency:
• Face to Face classes
• Simulated Workplace Learning
• Online learning via blackboard
• Other forms of structured teaching and learning
Students will be observed and assessed through their planned activities throughout the duration of the course.


Teaching Schedule

To be advised at the first class.


Learning Resources

Prescribed Texts

- Rawlinsons Australian Construction Handbook 2013, Rawlinsons Publishing, Perth, WA    - NRM1 Cost Management Handbook 2014, by David P. Benge, Publisher: Routledge, Taylor & Francis Group 
 


References


Other Resources

Students will be able to access course information and learning materials through myRMIT and may be provided with additional materials in class. Lists of relevant reference books, resources in the library and accessible Internet sites will be provided where possible. During the course, you will be directed to websites to enhance your knowledge and understanding of difficult concepts.


Overview of Assessment

Assessment will incorporate a variety of methods including written,oral, practical tasks and activities. You will be asked to personally demonstrate to your teacher/assessor the practical skills gained during this course to the relevant industry standards. Assessment activities will occur throughout this course and feedback will be provided at regular intervals.

Assessment Tasks

Students must pass each of the following assessment tasks to demonstrate competent.

Assessment

Weight

Assessment 1

Formative- Online Quiz

S/NYS

Assessment 2- Part A

Written Assignment

50%

Assessment 2- Part B

Written Assignment-S-curves and Cost summary 

30%

Task 3

Summative- Online Quiz

20%

These tasks assesses the following Course Learning Outcomes (CLOs):

Assessment Mapping Matrix

Element / Performance Criteria Covered

Assessment 1

Assessment 2A

Assessment 2B

Assessment 3

1.1

X

X

 

 

1.2

X

X

 

 

1.3

X

X

 

 

1.4

 

 

X

X

1.5

X

X

 

X

2.1

 

X

 

 

2.2

 

X

 

 

2.3

 

X

X

 

3.1

 

 

X

X

3.2

 

 

X

X

3.3

 

 

X

 

3.4

 

 

X

X

3.5

 

 

X

 

4.1

 

 

X

 

4.2

 

 

X

 

4.3

 

 

X

 

4.4

 

 

X

 

4.5

 

 

X

 

5.1

 

 

X

X

5.2

 

 

X

X

 

 

 

To be deemed competent you must demonstrate an understanding of all aspects required of the competency. Assessment methods have been designed to measure your achievement of each competency in a flexible manner over multiple tasks.


Assessment Tasks

Assessment                                                                                                           Weight
Assessment 1 Formative- Online Quiz                                                                     S/NYS
Assessment 2- Part A Written Assignment                                                               50%
Assessment 2- Part B Written Assignment-S-curves and Cost summary                 30%
Task 3 Summative- Online Quiz                                                                                20%


Assessment Matrix

Element / Performance Criteria CoveredAssessment 1Assessment 2aAssessment 2BAssessment 3
1.1XX  
1.2XX  
1.3XX  
1.4  XX
1.5XX X
2.1 X  
2.2 X  
2.3 XX 
3.1  XX
3.2  XX
3.3  X 
3.4  XX
3.5  X 
4.1  X 
4.2  X 
4.3  X 
4.4  X 
4.5  X 
5.1  XX
5.2  XX

Other Information

Credit Transfer and/or Recognition of Prior Learning (RPL):
You may be eligible for credit towards courses in your program if you have already met the learning/competency outcomes through previous learning and/or industry experience. To be eligible for credit towards a course, you must demonstrate that you have already completed learning and/or gained industry experience that is:
• Relevant
• Current
• Satisfies the learning/competency outcomes of the course

Please refer to http://www.rmit.edu.au/students/enrolment/credit to find more information about credit transfer and RPL.

Study and Learning Support:
Study and Learning Centre (SLC) provides free learning and academic development advice to you. Services offered by SLC to support your numeracy and literacy skills are:
• Assignment writing, thesis writing and study skills advice
• Maths and science developmental support and advice
• English language development

Please refer to http://www.rmit.edu.au/studyandlearningcentre to find more information about Study and Learning Support.

Disability Liaison Unit:
If you are suffering from long-term medical condition or disability, you should contact Disability Liaison Unit to seek advice and support to complete your studies.
Please refer to http://www.rmit.edu.au/disability to find more information about services offered by Disability Liaison Unit.

Late Submission:

If you require an Extension of Submittable Work (assignments, reports or project work etc.) for seven calendar days or less (from the original due date) and have valid reasons, you must complete an Application for Extension of Submittable Work (7 Calendar Days or less) form and lodge it with the Senior Educator/ Program Manager.
The application must be lodged no later than one working day before the official due date. You will be notified within no more than two working days of the date of lodgement as to whether the extension has been granted.
If you seek an Extension of Submittable Work for more than seven calendar days (from the original due date), you must lodge an Application for Special Consideration form under the provisions of the Special Consideration Policy, preferably prior to, but no later than two working days after the official due date.

Submittable Work (assignments, reports or project work etc.) submitted late without approval of an extension will not be accepted or marked.

Special Consideration:
Please refer to http://www.rmit.edu.au/students/specialconsideration to find more information about special consideration.

Plagiarism:
Plagiarism is a form of cheating and it is very serious academic offence that may lead to expulsion from the university.
Please refer to http://www.rmit.edu.au/academicintegrity to find more information about plagiarism.

Email Communication:
All email communications will be sent to your RMIT email address and you must regularly check your RMIT emails.
 

Course Overview: Access Course Overview