Information Package / Course Catalogue
| Construction Project Management (YL) (Non-Thesis) | |||||
| Master | Length of the Programme: 1.5 | Number of Credits: 90 | TR-NQF-HE: Level 7 | QF-EHEA: Second Cycle | EQF: Level 7 |
ECTS Course Information Package
| School/Faculty/Institute | Graduate School | |||||
| Course Code | IPY 534 | |||||
| Course Title in English | Financial Management in Construction Projects | |||||
| Course Title in Turkish | İnşaat Projeleri Finansal Yönetimi | |||||
| Language of Instruction | TR | |||||
| Type of Course | Lecture | |||||
| Level of Course | Intermediate | |||||
| Semester | Fall | |||||
| Contact Hours per Week |
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| Estimated Student Workload | 125 hours per semester | |||||
| Number of Credits | 5 ECTS | |||||
| Grading Mode | Standard Letter Grade | |||||
| Pre-requisites | None | |||||
| Co-requisites | None | |||||
| Expected Prior Knowledge | None | |||||
| Registration Restrictions | Only Graduate Students | |||||
| Overall Educational Objective | To explain the Principles of Project Financing and Financial Management Principles in Construction Projects, and the Principles of Construction Economics and Earned Value Analysis, Budgeting and Break-Even Analysis. | |||||
| Course Description | To explain the Principles of Project Financing and Financial Management Principles in Construction Projects, and the Principles of Construction Economics and Earned Value Analysis, Budgeting and Break-Even Analysis. |
Course Learning Outcomes and CompetencesUpon successful completion of the course, the learner is expected to be able to:1) Fundamentals of Production Theory and Financial Management in Construction 2) The Structure of Construction Economics, Construction Industry and its Relation to the Economy 3) Cash-Flow Models 4) Decision Analysis 5) Earned Value Analysis (EVA) 6) Cost Analysis in Construction and Project Budgeting |
| Program Learning Outcomes/Course Learning Outcomes | 1 | 2 | 3 | 4 | 5 | 6 |
|---|---|---|---|---|---|---|
| 1) Integration of the skills acquired during the undergraduate degree with improved and deepened level of expertise in the field of construction management. | ||||||
| 2) Applied in-depth theoretical and practical knowledge by conducting scientific research on construction and project management. | ||||||
| 3) Extensive knowledge about the analysis and modeling methods used in construction project management and their limitations. | ||||||
| 4) Ability to design and perform exploratory research based on analytics, modeling and experimentation; to generate solutions to complex situations encountered in this process, interpret the results and bring innovative solutions. | ||||||
| 5) Ability to describe the processes and results of a study in a systematic and clear way both in written and verbal form on national and international platforms within or outside of the field of construction project management. | ||||||
| 6) Awareness of social, scientific and ethical values in the stages of collection, processing, usage, interpretation and dissemination of project data and in all related professional activities. | ||||||
| 7) Professional awareness of new and emerging applications in the construction management field and an ability to demonstrate their uses. | ||||||
| 8) Competence in leadership and multi-disciplinary team membership skills to develop solutions to complex situations related to project management and to take responsibility. | ||||||
| 9) Ability to communicate in English both verbally and in writing at the European Language Portfolio General Level B2. | ||||||
| 10) Understanding of social and environmental aspects of construction projects and applications. |
Relation to Program Outcomes and Competences
| N None | S Supportive | H Highly Related |
| Program Outcomes and Competences | Level | Assessed by | |
| 1) | Integration of the skills acquired during the undergraduate degree with improved and deepened level of expertise in the field of construction management. | H | Participation,HW,Exam |
| 2) | Applied in-depth theoretical and practical knowledge by conducting scientific research on construction and project management. | N | |
| 3) | Extensive knowledge about the analysis and modeling methods used in construction project management and their limitations. | H | Participation,HW,Exam |
| 4) | Ability to design and perform exploratory research based on analytics, modeling and experimentation; to generate solutions to complex situations encountered in this process, interpret the results and bring innovative solutions. | N | |
| 5) | Ability to describe the processes and results of a study in a systematic and clear way both in written and verbal form on national and international platforms within or outside of the field of construction project management. | N | |
| 6) | Awareness of social, scientific and ethical values in the stages of collection, processing, usage, interpretation and dissemination of project data and in all related professional activities. | N | |
| 7) | Professional awareness of new and emerging applications in the construction management field and an ability to demonstrate their uses. | N | |
| 8) | Competence in leadership and multi-disciplinary team membership skills to develop solutions to complex situations related to project management and to take responsibility. | N | |
| 9) | Ability to communicate in English both verbally and in writing at the European Language Portfolio General Level B2. | N | |
| 10) | Understanding of social and environmental aspects of construction projects and applications. | N |
| Prepared by and Date | , |
| Course Coordinator | GÖKÇE TÖNÜK |
| Semester | Fall |
| Name of Instructor | Prof. Dr. RIFAT AKBIYIKLI |
Course Contents
| Week | Subject |
| 1) | Definition and Essence of Project Finance |
| 2) | The Essence of Project Finance |
| 3) | Basic Concepts About Construction Company |
| 4) | General Costs and Construction Company Costs |
| 5) | Production Theory Fundamentals: Cobb-Douglas Production Function, Production Parameters |
| 6) | Project Cost Management and Cost Minimization |
| 7) | Capital Resources in the Construction Sector |
| 8) | Break Even Analysis (BBA) |
| 9) | Financial Management: Determination of Income and Expenses, Cost Control, Benefit-Cost Analysis. |
| 10) | Cash Flow Models: S-Curve and Bromilow Model |
| 11) | Cash Flow Models and Economic Analysis in Contractor Construction Companies |
| 12) | Budgeting |
| 13) | Budgeting |
| 14) | Earned Value Analysis (EVA) |
| 15) | Final examination Period |
| 16) | Final Examination Period |
| Required/Recommended Readings | Akbıyıklı, R. (2019), “İnşaat Projeleri Finansal Yönetimi” YL Ders Notları, MEF Üniversitesi. Akbıyıklı, R. (2014), “Mühendislik Ekonomisi – Temel Prensipleri ve Uygulamaları”, 2. Baskı, 530 sayfa, Mart – Birsen Yayınevi – İstanbul. | ||||||||||||
| Teaching Methods | Lessons will be carried out through lectures, examples and practical studies, and student participation will be kept at a high level. | ||||||||||||
| Homework and Projects | Assignments, research, project | ||||||||||||
| Laboratory Work | None | ||||||||||||
| Computer Use | None | ||||||||||||
| Other Activities | None | ||||||||||||
| Assessment Methods |
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| Course Administration |
akbiyiklir@mef.edu.tr 02123953600 |
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ECTS Student Workload Estimation
| Activity | No/Weeks | Hours | Calculation | ||||
| No/Weeks per Semester | Preparing for the Activity | Spent in the Activity Itself | Completing the Activity Requirements | ||||
| Course Hours | 14 | 1 | 2 | 42 | |||
| Homework Assignments | 1 | 40 | 1 | 41 | |||
| Midterm(s) | 1 | 20 | 1 | 21 | |||
| Final Examination | 1 | 20 | 1 | 21 | |||
| Total Workload | 125 | ||||||
| Total Workload/25 | 5.0 | ||||||
| ECTS | 5 | ||||||