CIVL4815: Project Formulation (2013 - Semester 1)
|Unit:||CIVL4815: Project Formulation (6 CP)|
Dr Liu, Li
|Session options:||Semester 1|
|Versions for this Unit:|
|Site(s) for this Unit:||
|Pre-Requisites:||CIVL3805 AND CIVL3812.|
|Brief Handbook Description:||This unit of study is a fourth-year core unit for PEM students and an elective for all other branches of engineering and other faculties. The assumed knowledge for this Unit includes Project Appraisal (CIVL3812) and Project Scope, Time and Cost Management (CIVL3805). The objective of this unit is, through the integration of areas of project management knowledge learned in various PEM subjects, to develop students' ability to develop project proposals through carrying out a feasibility study and developing a project definition plan for a real-life engineering project. This unit is relevant for students who intend to pursue a career related to project management. At the end of this unit, students should have developed understanding of the fundamentals of project conceptualisation, appraisal and planning plus the abilities to: model and analyse basic financing and cash flow requirements; develop risk management plan, marketing and sales plan, stakeholder management and communication plan, operations plan; and design professional documentation and presentation to a board of review. In addition, this unit also develops students' abilities in problem solving, working with other students, conducting independent research, communication in team environment, information need identification and collection, and understanding social and environmental issues. The syllabus comprises feasibility study, project appraisal, risk assessment and management, sensitivity analysis, project planning, project integration management, carbon-trading scheme, global warming, environmental impact assessment, investment capital, venture capital, due diligence, project planning, operational planning, revenue projection, community consultation, communication management, stakeholder management, political environment.|
Dr Liu, Li
Mr. Seyed Bani Hashemi Chaharom.
|T&L Activities:||There will be two lecture/tutorial sessions each week on Thursdays and Fridays, respectively. This course is designed primarily as project-based learning through conducting independent, team-based research and the application of knowledge to a real-life project. As in the real-world, students work in teams to work on the project. Lecture is kept to a minimum. Industry experts will be invited to give guest lectures. I strongly encourage students to explore and use sophisticated and more advanced techniques. For example, in evaluating a project, real option method and/or Monte-Carlo simulation techniques could be employed to complement the conventional evaluation techniques. I will provide reading materials, short lectures and individual consultation on these advanced techniques.|
Attributes listed here represent the key course goals (see Course Map tab) designated for this unit. The list below describes how these attributes are developed through practice in the unit. See Learning Outcomes and Assessment tabs for details of how these attributes are assessed.
|Attribute Development Method||Attribute Developed|
|Ability to work both creatively and systematically in developing effective, sustainable solutions to
complex practical problems
|Design (Level 5)|
|Develop ability to apply financial analysis skills to real-life projects||Engineering/IT Specialisation (Level 4)|
|An appreciation that engineering fundamentals are based upon the principles and knowledge of science and mathematics.
An ability to apply engineering fundamentals along with the basics of science and mathematics to engineering problem solving.
|Maths/Science Methods and Tools (Level 4)|
|An appreciation of the various form of information within the engineering discipline including technical books and reports, research articles, customer requirements, company standards and an appreciation of the main legal definitions.
An ability to identify, utilise and locate appropriate information resources including literature, electronic media and through personal interaction with both technical and non-technical audiences.
An ability to gather, manage, integrate and critique information attained from various sources in order ascertain the relevant information required for the identification, formulation and solution of a problem within the engineering context. An ability to design and conduct experiments and to analyse and interpret data from those experiments.
|Information Seeking (Level 4)|
|An ability to communicate effectively, clearly and concisely ideas, concepts and solutions to both technical and non-technical audiences;
An understanding of the various forms to use given the context and audience.
|Communication (Level 4)|
|An appreciation of the roles and dimensions of engineer, and an ability to function effectively as either a team leader or member within multi-disciplinary and multi-cultural teams.
An appreciation of engineering sustainability and the impact of engineering decisions within the broader economic, environmental and sociocultural context.
|Professional Conduct (Level 4)|
For explanation of attributes and levels see Engineering & IT Graduate Outcomes Table.
Learning outcomes are the key abilities and knowledge that will be assessed in this unit. They are listed according to the course goal supported by each. See Assessment Tab for details how each outcome is assessed.Project Management and Team Skills (Level 5)
Participation is evaluated on quality of contributions to discussions in tutorials/lectures/meetings.
An individual’s final mark is the sum of the individual’s mark (participation) and the product of his/her team’s total mark with the individual’s contribution factor. The contribution factor will be decided by the course coordinator based on the individuals’ contribution to the teamwork. Every team member can submit a peer evaluation form if he/she considers some team member did not contribute to the team assignments as expected.
Group mark may be adjusted using peer evaluation to derive an individual`s mark from a group assignment.
Presentation will be evaluated by a panel of experts.
Overall Mark = Participation (10%) + Contribution factor* [Feasibility report (30%) + Project Definition Plan (30%) + Boardroom presentation (30%)]
|Assessment Feedback:||Written as well as verbal feedback on group assignments and presentation|
|Policies & Procedures:||All university policies can be found at http://sydney.edu.au/policy
Policies and request forms for the Faculty of Engineering and IT can be found on the forms and policies page of the faculty website at http://sydney.edu.au/engineering/forms
Note: References are provided for guidance purposes only. Students are advised to consult these books in the university library. Purchase is not required.
|Online Course Content:||http://www.civil.usyd.edu.au/current/undergraduate/units_of_study.shtml|
Note that the "Weeks" referred to in this Schedule are those of the official university semester calendar https://web.timetable.usyd.edu.au/calendar.jsp
|Week 1||Introduction--Dr Li Liu|
|Financial Engineering -- Brian McGlynn|
Team planning workshop
|Conducting feasibility study--Li Liu|
|Week 3||Financial modelling techniques--I--Dr Li Liu|
|Spreadsheet modelling—B. McGlynn|
|Week 4||Probabilistic risk modelling--Dr Li Liu|
|Dealing with risks in financial modelling—Brian McGlynn|
|Week 5||Risk based estimation (RBE)|
|RBE lab session|
|Week 6||Climate change policy considerations--TBC|
|Spreadsheet modelling II|
|Week 7||Project financing models and structures--Brian McGlynn|
|Project planning--Dr Li Liu|
|Week 8||The planning of OPAL project—Ross Miller|
|Assessment Due: Feasibility Report|
|Week 9||Project feasibility studies--case studies—R. Turner|
Karl from Leighton
|Week 10||Consultation with teams|
|Due diligence—Andrew Jones|
|Week 11||Team presentations|
|Assessment Due: Project Definition Plan|
|Week 12||Team Consultation|
|Week 13||Boardroom presentation I|
|Board Room Presentation II|
|Assessment Due: Presentation/Seminar|
The following is a list of courses which have added this Unit to their structure.
This unit contributes to the achievement of the following course goals:
|Project Management and Team Skills (Level 5)||No||60%|
|Design (Level 5)||Yes||0%|
|Engineering/IT Specialisation (Level 4)||Yes||0%|
|Maths/Science Methods and Tools (Level 4)||Yes||7%|
|Information Seeking (Level 4)||Yes||0%|
|Professional Conduct (Level 4)||Yes||11%|
|Communication (Level 4)||Yes||22%|
These goals are selected from Engineering & IT Graduate Outcomes Table which defines overall goals for courses where this unit is primarily offered. See Engineering & IT Graduate Outcomes Table for details of the attributes and levels to be developed in the course as a whole. Percentage figures alongside each course goal provide a rough indication of their relative weighting in assessment for this unit. Note that not all goals are necessarily part of assessment. Some may be more about practice activity. See Learning outcomes for details of what is assessed in relation to each goal and Assessment for details of how the outcome is assessed. See Attributes for details of practice provided for each goal.