Course Title: Monitor costing systems on medium rise building and construction projects
Part B: Course Detail
Teaching Period: Term2 2021
Course Code: BUIL5990C
Course Title: Monitor costing systems on medium rise building and construction projects
School: 174T School of VE Engineering, Health & Science
Campus: City Campus
Program: C5256 - Diploma of Building and Construction (Building)
Course Contact: Thierry Demathieu, Program Manager
Course Contact Phone: +61 3 9925 8359
Course Contact Email: thierry.demathieu@rmit.edu.a
Name and Contact Details of All Other Relevant Staff
Teacher
Auvi Tehzeeb
Phone: +61 3 9925 4522
Email: ah.tehzeeb@rmit.edu.au
Appointment by email
Teacher
Partha Halder
Phone: +61 3 9925 4503
Email: partha.halder@rmit.edu.au
Appointment by email
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 CANVAS
• 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
RMIT Course Code: BUIL 5990C |
National Unit of Competency Code: CPCCBC5002A |
Cluster name (If applicable):
|
RMIT Course Code: BUIL 5990C |
National Unit of Competency Code: CPCCBC5002A |
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Nominal Hours: 60 |
Program Title: : DIPLOMA OF BUILDING AND CONSTRUCTION (BUILDING) |
Nominal Hours: 60 |
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RMIT Program Code: C5256 |
National Program Code: CPC 50210 |
Date: |
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Session of study (Session Number) |
Topic |
Module Learning outcomes / Competency elements |
Description of student centred tasks |
Time allocation each session (for each learning activity) |
Description of Assessment tasks
|
Schedule for assessment Dates
|
Session 1
|
Introduction to Monitoring costing system |
Introduction to the course content, assessments, basic terminologies |
|
2.5 hrs
|
|
|
|
|
|
|
|
|
|
Session 2
|
Identification of building/ construction costs, preparation of estimates |
PC 1.1 |
|
2.5 hrs
|
|
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Session 3
|
Translate estimates into cost centres, appropriate to contract requirements |
PC 1.2, 1.3 |
|
2.5 hrs
|
- Online Quiz 1- and Short questions
- Assessment 2- Part A
|
Assessment 1: - will be available in CANVAS by Session 3 - Due date of completion by Session 5 Assessment 2 and 3 - AT2 (assessment 2) will be available in Session 3 - Assessment 2: due date is Session 11
|
Session 4 |
Codes of practice, standards, legislative requirements to consider in cost planning |
PC 1.5 |
|
2.5 hrs
|
|
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Session 5
|
Risk assessment, compare estimated cost with estimated risk |
PC 1.4 |
|
2.5 hrs
|
|
- Due date of completion of online quiz 1 by Session 5 |
Session 6
|
Cost Management and |
PC 2.1 |
|
2.5 hrs
|
- Assessment 3 (AT3) |
- Assessment 3 (AT3) - Assessment 3 (AT3) will be available in Session 6
- Assessment 3 (AT3): due date is Session 16 |
Session 7 |
Progress claims, variations, Security of payment act (SOPA) |
PC 2.2 |
|
2.5 hrs
|
|
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Session 8
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Rise and Fall calculation, Cash Flow and Expenditure monitoring |
PC 2.3, 3.1 |
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2.5 hrs
|
|
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Session 9
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Preparation of S-Curves and relevant Resource control |
PC 3.2 |
Session 2:
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2.5 hrs
|
|
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Session 10
|
Tutorial class on Assessment 2 – Part A |
|
|
2.5 hrs
|
|
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Session 11
|
Projected cash flow and payments – The network diagram and related Cost Control |
PC 3.3-3.5, 4.1, 4.2 |
|
2.5 hrs
|
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Session 12
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Projected cash flow and payments – Creditors payment and budgeting |
PC 4.3 |
|
2.5 hrs
|
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Session 13
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Budgeting, Cost variation and remedial actions |
PC 4.4, 4.5 |
|
2.5 hrs
|
|
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Session 14
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Final cost report and recommendations |
PC 5.1, 5.2 |
|
2.5 hrs
|
|
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Session 15 |
Course review and tutorial on Assessment 2-Part B |
Overview of the whole course |
|
2.5 hrs
|
|
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Session 16
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Online Quiz- 2 |
|
|
2.5 hrs
|
Assessment 4 (AT4) – online quiz |
- Assessment 4 (AT4): online quiz will be available in CANVAS in Session 16 and to be completed in the same Session |
Learning Resources
Prescribed Texts
References
Other Resources
Canvas online resources
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 Task 1 Online Quiz
Assessment Task 2 ProjectAssessment Task 3 Project
Assessment Task 4 Final Online Quiz
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 Tasks
Students must pass each of the following assessment tasks to demonstrate competent.
Assessment Task 1 Online Quiz and Short Questions
Assessment Task 2 Project-based AssignmentAssessment Task 3 Project-based Assignment
Assessment Task 4 Final Online Quiz
Assessment Matrix
These tasks assesses the following Course Learning Outcomes (CLOs):
Assessment Mapping Matrix
Element / Performance Criteria Covered |
Assessment Task 1 |
Assessment Task 2 |
Assessment Task 3 |
Assessment Task 4 |
1.1 |
X |
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1.2 |
X |
X |
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1.3 |
X |
X |
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1.4 |
X |
X |
X |
|
1.5 |
X |
X |
X |
|
2.1 |
X |
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2.2 |
X |
|||
2.3 |
X |
|||
3.1 |
X |
X |
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3.2 |
X |
X |
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3.3 |
X |
X |
||
3.4 |
X |
X |
||
3.5 |
X |
|||
4.1 |
X |
|||
4.2 |
X |
|||
4.3 |
X |
X |
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4.4 |
X |
X |
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4.5 |
X |
|||
5.1 |
X |
|||
5.2 |
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.
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 http://www.rmit.edu.au/studyandlearningcentre to find more information about Study and learning Support
Equitable Learning Services (ELS):
If you are suffering from long-term medical condition or disability, you should contact Equitable Learning Services (ELS) to seek advice and support to complete your studies.
Please refer to https://www.rmit.edu.au/students/support-and-facilities/student-support/equitable-learning-services to find more information about services offered by Equitable Learning Services (ELS).
Late submission:
If you require an Extension of Submittable Work (assignments, reports or project work etc.) for 7 calendar days or less (from the original due date) and have valid reasons, you must complete and lodge 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 2 working days of the date of lodgment as to whether the extension has been granted.
If you seek an Extension of Submittable Work for more than 7 calendar days (from the original due date) must lodge an Application for Special Consideration form under the provisions of the Special Consideration Policy, preferably prior to, but no later than 2 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 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: www.rmit.edu.au/academicintegrity to find more information about plagiarism.
Other Information:
All email communications will be sent to your RMIT email address and you must regularly check your RMIT emails.
Course Overview: Access Course Overview