School: Business and Law

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  • Unit Title

    Project Cost Management
  • Unit Code

    PRJ6405
  • Year

    2022
  • Enrolment Period

    2
  • Version

    1
  • Credit Points

    20
  • Full Year Unit

    N
  • Mode of Delivery

    Online
  • Unit Coordinator

    Mr Richard HUGHES

Description

Project cost management focuses on the creation of accurate cost estimates and schedules which avoid cost overruns and schedule delays. In this unit, students learn the importance of preparing accurate cost estimates and schedules by managing resources effectively to support better assessments and decision making in projects and learn the techniques of ensuring project completion at minimum cost, without loss of quality, and sustainability of the project. Students explore a wide range of cost-related aspects to projects and programs which intersect project management, business management, and strategic leadership. This also encompasses critiquing the principles and techniques of project planning and scheduling estimation, budgeting, cost control, business planning, profitability analysis, and value management in projects.

Non Standard Timetable Requirements

This unit will be offered in an accelerated mode over seven weeks.

Learning Outcomes

On completion of this unit students should be able to:

  1. Appraise how project budgets and costs are identified and addressed in contemporary projects.
  2. Evaluate how decisions and judgements impact a projects’ budget and costs when ethical, sustainable, and social consequences are added to traditional constraints.
  3. Examine how financial controls in projects can deliver sustained competitive advantage.
  4. Analyse the strategic and operational drivers that underpin project cost engineering.

Unit Content

  1. Project budget and cost principles.
  2. Cost management and governance fundamentals.
  3. Identification of project budgets and costs.
  4. Project budgets, costs, and ethics.
  5. Budget and cost monitoring and control.
  6. Budget and cost reporting.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant School Progression Panel.

ONLINE
TypeDescriptionValue
PresentationRecorded presentation20%
AssignmentGroup assignment30%
ExerciseFinal exercise and recorded video50%

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Integrity

Integrity is a core value at Edith Cowan University, and it is expected that ECU students complete their assessment tasks honestly and with acknowledgement of other people's work. This means that assessment tasks must be completed individually (unless it is an authorised group assessment task) and any sources used must be referenced.

Breaches of academic integrity can include:

Plagiarism

Copying the words, ideas or creative works of other people, without referencing in accordance with stated University requirements. Students need to seek approval from the Unit Coordinator within the first week of study if they intend to use some of their previous work in an assessment task (self-plagiarism).

Unauthorised collaboration (collusion)

Working with other students and submitting the same or substantially similar work or portions of work when an individual submission was required. This includes students knowingly providing others with copies of their own work to use in the same or similar assessment task(s).

Contract cheating

Organising a friend, a family member, another student or an external person or organisation (e.g. through an online website) to complete or substantially edit or refine part or all of an assessment task(s) on their behalf.

Cheating in an exam

Using or having access to unauthorised materials in an exam or test.

Serious outcomes may be imposed if a student is found to have committed one of these breaches, up to and including expulsion from the University for repeated or serious acts.

ECU's policies and more information about academic integrity can be found on the student academic integrity website.

All commencing ECU students are required to complete the Academic Integrity Module.

Assessment Extension

In some circumstances, Students may apply to their Unit Coordinator to extend the due date of their Assessment Task(s) in accordance with ECU's Assessment, Examination and Moderation Procedures - for more information visit https://askus2.ecu.edu.au/s/article/000001386.

Special Consideration

Students may apply for Special Consideration in respect of a final unit grade, where their achievement was affected by Exceptional Circumstances as set out in the Assessment, Examination and Moderation Procedures - for more information visit https://askus2.ecu.edu.au/s/article/000003318.

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