Postgraduate Initiative in Project Engineering
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IX7203 Time and Cost Engineering

How to assure deviations from plan are identified and analyzed properly.

Aims

IX7203-AI:

  • Specify and develop the critical skills required in committing project dates.

IX7203-A2:

  • Specify and develop the critical skills for effective project time and cost control.

IX7203-A3:

  • Specify and develop the critical skills to define effective communication for project performance status.

Learning Outcomes

IX7203-LO1:

  • Review and analyse, design and organize process to construct resource-limited schedule for the project.

IX7203-LO2:

  • Critically analyse tools for project planer and cost controller.

IX7203-LO3:

  • Evaluate communication for project performance review.

Expected Student Learning Task

Total Learning time 200 hours:

  • 36 hours contact time
  • 164 hours independent study (team construction and real case analysis)

Students are expected to attend all lectures/seminars and actively engage with online learning resources.

Assessment

Learning outcome IX7203-LO1 is assessed through:

  • individual construction (1,000 words) of project resource limited versus resource unlimited schedules (25%),
  • and individual critical analysis (1,000 words) of similar construction by someone else (25%).

Learning outcome IX7203-LO2 is assessed through:

  • a group presentation (equivalent 1,000 words – 25 minutes presentation and 5 minutes Q&A) of project S-curve and Earned Value Management System (25%).

Learning outcome IX7203-LO3 is assessed through:

  • reflective report (1,000 words) to analyse group presentation (by other groups): 25%.

Contents

IX7203-C1: Time deviation at data date

  • Professional practice to control time during project execution: broken line and related methods.
  • Presentations and labs.

IX7203-C2: Impact Analysis

  • Critical review of time deviation at data date: types of logical relationships.
    PERT/CPM based methodologies to analyze time at completion: forward and backward date analysis in projects.
  • Presentations, labs and preparation of independent analysis of project time analysis.

IX7203-C3: Float analysis

  • Critical review of floats in project schedule based upon a case study.
  • Methodologies to consider negative floats in projects.
  • Presentations, labs and preparation of independent analysis of project time analysis.

IX7203-C4: Time deviation at completion

  • Professional practice to analyze trends of time deviation at completion: Milestone Trend Chart and related methods.
  • Presentations and labs.
  • Methodologies to integrate time and trend analysis reviewed through case study.

IX7203-C5: Task driven resource scheduling

  • Methodologies to identify dimensions and parameters of resource assignment.
  • Professional practice to integrate project schedule and analytical estimates for construction of S-curve.
  • Presentations, labs and preparation of independent analysis of project S-curve.

IX7203-C6: Resource driven scheduling

  • Professional practices and methodologies to analyze resource-limited schedule for the project.
  • Critical review of resource levelling versus resource smoothing.
  • Presentations, labs and preparation of independent analysis of project resource limited schedule.

IX7203-C7: Earned Value Management

  • Professional practices and methodologies for EVM (Earned Value Management) metrics.
  • Presentations and labs.

IX7203-C8: Integrating EVM and time management

  • Critical analysis and communication skills to integrate deviation at data date and at completion for both time and cost: case study.