DEVELOPMENT ECONOMICS (QSB 4223)

PORTFOLIO SEMESTER 6

DEVELOPMENT ECONOMICS (QSB 4223)

Lecturer: Mr Ho June Khai 
                  Miss Dianne Kok Hui Wen

Objectives: 

1. This study allows me to comprehend the basic principles of economics and its link to the real world of construction. 

2. This study allows me to develop an understanding of the whole process of property development. 

3. This study allows me to enhance the understanding of the contribution of feasibility study in property development. 

4. This study allows me to understand the overall mechanism of the finance system in the construction industry 

Learning Outcomes 

Throughout this study,  

1. I am able to recognise and recall the contribution of the construction industry to a nation’s growth economy. 

2. I am able to calculate the developer’s budget (i.e. total development cost and gross development value) during the initial development process. 

3. I am able to execute the Cost-benefit Analysis in the early stage of investment proposal. 

4. I am able to execute the valuation system to help on decision making during the feasibility stage. 

5. I am able to classify various source of finance available in the construction industry 

6. I am able to outline the requirement in a quality market research

Topics:

1. Introduction
2. Property Development
3. Property Investment Economics
4. Factors in Property Development
5. Development Appraisal
6. Cost-benefit Analysis
7. Market Research
8. Development Finance

Assignment:

Objectives:

1) To learn how to conduct an analysis for a proposed development project.

2) To learn how to prepare a financial appraisal of a project using the Residue Method of Valuation.

3) To learn how to calculate cash flow.
4) To learn how to comment on the viability of a project.

Learning Outcomes:

Through this assignment,
1) I am able to learn the method to conduct an analysis for a proposed development project.
2) I am able to prepare a financial appraisal of a project using the Residue Method of Valuation.
3) I am able to calculate cash flow.

4) I am able to comment on the viability of a project. 

Cost Value Engineering (QSB 4214)

PORTFOLIO SEMESTER 6

COST VALUE ENGINEERING (QSB 4214)

Lecturer: Sr. Lee Wing Tey 

Objectives of this study:

1.        This subject allows me to understand in general the value process, function analysis and team dynamics in the client’s value system.

2.        This study allows me to identify alternatives to undertake value studies at different stage of a project. 

3.    This study enable me to propose a more collaborative effort towards the promotion and awareness of value management in Malaysian construction industry in an effort to achieve value for money invested.

Learning Outcomes

Throughout this study 

1.       I am able to identify the appropriate time to carry out Value Engineering throughout different construction phases.

2.       I am able to recognize and recall the contribution of the value engineering /value management in the development process.

3.       I am able to apply the value management to a value outcome in the decision making process.

4.       I am able to analyse the cost and value implications of project scope .and generate a Job-Plan for the implementation of Value Management workshop.

Module Schedule:

ate	Topics/Readers	Lecture	Tutorial	Self-directed Study
		Hours	Hours	Hours
Week 1 30 August	Introduction to Value Management		In-class Discussion	Introduction to Value Management
		2	2	7
Week 2 (Last day to add/drop a module 6September	Define of Value Management		In-class Discussion	Define of value Management
		2	2	7
Week 3 13 September	History and philosophy of Value Management		In-class Discussion	History and philosophy of value Management
		2	2	7
Week 4 20 September	Distinction between Value Engineering/Value Management/Value Analysis		In-class Discussion	Distinction between Value Engineering/ Value Management/Value Analysis
		2	2	7
Week 5 27 September	Concept of Value, Cost, Function and Worth		In-class Discussion	Concept of Value , Cost, Function and Worth
		2	2	8
Week 6 4 October	Unnecessary Cost		In-class Discussion	Unnecessary Cost
		2	2	8
Week 7       (Last day for subject/module withdrawal with WD 11October	Implementation of  Value management		In-class Discussion	Implementation of Value Management
		2	2	8

Week/Date	Topics/Readers	Lecture	Tutorial	Self-directed Study
		Hours	Hours	Hours
Week 8 (Online Student Registration) 18 October	Value Management Tools and Techniques		In-class Discussion & Feedback of Test	Value Management Tools and Techniques
		2	2	7
Week 9 (Last day  for Student Online Registration) 25 October	The Job Plan and Workshop		In-class Discussion	The Job Plan and Workshop
		2	2	7
Week 10 1 November	The Facilitator		In-class Discussion	The Facilitator
		2	2	7
4-8 November (Non-contact Week)	Mid-semester Break	-	-	-
Week 11 (Online Course Evaluation and last day for subject/module withdrawal with F(W) grade) 15 November	Benefits of Value Management-Financial and Non-Financial		In-class Discussion	Benefits of Value Management – Financial and Non-Financial
		2	2	8
Week 12 Last day for completion of Online Course Evaluation) 22 November	Problems and Constraints in Value Management		In-class Discussion	Problems and Constraints of Value management
		2	2	8
Week 13 29 November	Case Study		In-class Discussion	Case Study
		2	2	8
Week 14 6 December	Revision		In-class Discussion; Feedback of Group Assignment	Revision
		2	2	5
Week 15 Study Leave 13 December	Submission: TGC Portfolio	-	-	-

Group Assignment:

Objective:

1) To help students develop a deeper appreciation of the concepts learnt.

Learning Outcomes:

Through this assignment,

1) I am able to apply the concepts learnt.

2) I am able to develop a deeper appreciation of the concepts learnt.

Assignment Brief

Title :  Case Study Report for project implementing Value Management  in the Construction             Industry . (any project at your own selection either with VM implementation or to be               implemented with Value Management study )

Reporting Format of Case Study

-Introduction – Primary purpose of case study

-Executive summary of project under study

·         A brief description of project

·         A brief summary of problem

-The result of Functional Analysis

-Sketches before and after design showing proposed changes

-Technical data supporting the selection of alternative

-Cost Analysis

-Action plan – preparation of action plan to monitor the progress of work

-Conclusion and recommendation 

CONSTRUCTION LAW (QSB 4414)

PORTFOLIO SEMESTER 6

CONSTRUCTION LAW (QSB 4414)

Lecturer: Sr. Eddie Lim Sek Cheon 

Objectives
1. This study allows me to understand the general principles on the formation of a contract and remedies in the event of breach.
2. This study enable me to understand the roles and liabilities of architects, quantity surveyors and other professionals in relation to professional negligence and the use of collateral contract.
3. This study enable me to appreciate the laws relating to payments, contractual claims and interpretation rules of ambiguity found in documents.
4. This study enable me to understand the laws relating to land and construction industry with regards to National Land Code, Street, Drainage and Building Act, Uniform Building By-Law, Strata Title Act, etc.
5. This study enable me to appreciate the principles and procedures of litigation, arbitration, adjudication and other alternative dispute resolution (ADR) stated by the Malaysian Government and Standard Form of Contract.

Learning Outcomes
Throughout this study,
1. I am able to identify, explain and distinguish the various laws related to the construction industry including land law and construction statutes by demonstrating knowledge and understanding of the principles in law, conditions of contract and the applicable statutes.
2. I am able to analyze, interpret and apply this knowledge on the principles of law in administration of contracts and contractual claims including providing evidence of reasoned advice in relation to contractual claims and interpretation of any discrepancies of various contract documents.
3. I am able to take appropriate methods of dispute resolution for different situations arising from construction contract.

Coursework 1: Seminar

Objectives:

1)  It allow me understand and master the topics that had been taught.
2)  It allow me to improve my presentation skills.
3) It allow me to identify, analyze and apply the principles of construction law in different situations.

Learning Outcomes:

Through this assignment,
1)  I am able to understand and master the topics that had been taught. 
2)  I am able to improve my presentation skills.
3) I am able to identify, analyze and apply the principles of construction law in different situations.

Coursework 2: Loss & Expense Assessment Submission

Objectives:

1) It allows me to assess the claim for loss and expense. 
2) It enables me to understand and apply the concept learnt during the assessment.

Learning Outcomes:

Through this assignment, 
1) I am able to assess the claim for loss and expense.
2) I am able to understand and apply the concept learnt during the assessment.

RESEARCH DISSERTATION (QSB 4914)

Portfolio Semester 6

Research Dissertation (QSB 4914)

Lecturer: Miss Theong May Chuan

Objectives:

1) This subject allows me to develop awareness of the current local and global issues in the construction industry.

2) This subject allows me to explore the approaches to research.

3) This subject allows me to demonstrate a systematic and orderly mind to produce a viable academic research.

Learning Outcomes:

Through the study of this subject,

1) I am able to use a depth of subject knowledge and apply analytical and research skills in closely defined topic areas.
2) I am able to collect data and information required and analyze data collected using appropriate techniques and tools.
3)   I am able to develop a comprehensive research conclusion and summary.
4) I am able to adopt executive keyboarding to produce project documentation and presentations.

Module Schedule:

k/Date	Topics/Readers	Lecture	Tutorial	Self-directed Study
		Hours	Hours	Hours
Week 1 30 August	Introduction to the module		Discussion
		2	2	-
Week 2 (Last day to add/drop a module) 6 September	Introduction and Literature Review Chapters (Revision)		Discussion	Upgrading the chapters
		2	2	10
Week 3 13 September	Data collection method (Revision)		Discussion	Data collection method
		2	2	4
Week 4 20 September	Writing research methodology chapter		Discussion	research methodology chapter
		2	2	10
Week 5 27 September	Analysis and presentation of results		Discussion	Analysis
		2	2	10
Week 6 4 October	Analysis and presentation of results		Discussion	Analysis
		2	2	10
Week 7 (Last day for subject/module withdrawal with WD grade) 11 October	Analysis and presentation of results		Discussion	Analysis
		2	2	10
Week 8 (Online Student Registration) 18 October	Writing Conclusion and Recommendation Chapter		Discussion	Conclusion Chapter
		2	2	8
Week 9 (Last day for Online Student Registration) 25 October	Structural and writing the dissertation		Discussion	Writing Up
		2	2	7
Week 10 1 November	Structural and writing the dissertation		Discussion	Writing Up
		2	2	7
4 to 8 November (Non-contact Week)	Mid-semester Break	-	-	-
Week/Date	Topics/Readers	Lecture	Tutorial	Self-directed Study
		Hours	Hours	Hours
Week 11 (Online Course Evaluation and last day for subject/module withdrawal with F(W) grade) 15 November	Correction, Upgrading, and Finalising Final Draft		Discussion	Upgrading
		2	2	10
Week 12 (Last day for completion of Online Course Evaluation) 22 November	Submission of final report		Discussion	Upgrading & submission
		2	2	6
Week 13 29 November	Viva Presentation		Discussion	Preparation for Viva
		2	2	8
Week 14 6 December	Binding of Dissertation		Discussion	Binding of Dissertation
		2	2	4
Week 15 (Study Leave) 13 December	Submission: TGC Portfolio	-	-	-

ELEMENT: