93694 - Cost Analysis M

Learning outcomes

Upon completion of the course, the student will be able to define construction costs and estimate the value of a construction project.

Course contents

The teaching module is placed at the end of the student's education and is intended to provide the basic principles and techniques for the economic evaluation of projects. The module is part of the integrated course “Construction Sites,” which is divided into: “Construction Site Organization” and ”Economic Evaluation of Projects.”


Learning Objectives


Understand the complex dynamics affecting the real estate market and the construction industry, according to a holistic approach and a multi-scalar view.

Gain mastery in the use of evaluation techniques and tools to support decision-making in public/private investment choices, as well as in resolving issues of economic and financial compatibility.


Exercise

 
Development of a Bills of Quantities (BoQ) of a final construction project. Conducting the exercise in working groups is recommended.

Readings/Bibliography

Individual study requires consultation of multimedia presentations provided by the lecturer and made available on the online platform, as well as in-depth study of the texts below:

ITALIAN BIBLIOGRAPHIC REFERENCES

• Prizzon, F. (2001), Gli investimenti immobiliari. Analisi di mercato e valutazione economico- finanziaria degli interventi, Celid, Torino
• Bravi, M., Fregonara, E. (2004). Promozione e sviluppo immobiliare. Analisi dei processi e tecniche di valutazione , Celid, Torino.
  
• Copiello, S. (2011). Progetti urbani in partenariato. Studi di fattibilità e piano economico finanziario. Alinea Editrice
  
• Del Giudice, V. (2015). Estimo e valutazione economica dei progetti. Profili metodologici e applicazioni al settore immobiliare. Iniziative Editoriali

Teaching methods

Theoretical lectures, presentation of case studies, exercises to be developed in groups, classroom work.

Assessment methods

The VEP teaching module involves the development of an exercise and the taking of an oral test.
 
In order to obtain a positive evaluation of the exercise, the delivery must ensure the following criteria: i) coherence: the exercise has been developed correctly in all its parts; ii) completeness: the exercise is complete in all its constituent parts and transposing the inputs from the lecturer; iii) readability: the exercise requires the use of clear, understandable technical language, along with care for the graphic and communication aspects. The exercise is compulsory to enter the oral test.

Passing the oral examination with a passing grade will be granted to those who demonstrate mastery of the knowledge, skills and competencies acquired from the lectures and study material.

Failure to pass the exam may be due to insufficient mastery of content, use of limited technical language, and/or lack of or insufficient operational ability in solving the assessment problem proposed in the exercise.
The VEP grade will be expressed in thirtieths, and will be the result of the average of the exercise grade and the oral test grade (50:50). The minimum grade to pass the VEP exam is 18/30. Therefore, the maximum grade achievable is 30 with honors.

Teaching tools

Video projector, laptop. multimedia presentations

Office hours

See the website of Vanessa Assumma