KB7037 - Project Feasibility and Economics

APPLY NOW BOOK A VIRTUAL OPEN DAY Add to My Courses Register your interest / Course PDF

What will I learn on this module?

In this module, you will learn the various economic environments surrounding project organisations and project delivery, and examine the resources and constraints relating to financial decision-making for project formulation, initiation, delivery, and review. This module goes to assist in defining the levels of responsibility and directions of accountability required of a project manager. Themes that may be covered include the sponsor economic environment: general economic theory; financial reportage, ratio analysis, determinants for solvency, business case appraisals, sources of finance and funding, project portfolios, the professional economic environment; general economic theory; resourcing, scheduling, forecasting (risk and uncertainty), cash flow and professional services marketing, the contracting economic environment: general economic theory; budgeting and cost management, labour and earned value analysis, and social, economic environments: public and private sector distinctions.

How will I learn on this module?

This module will allow you to develop the relevant subject knowledge. You will learn through a combination of engaging, interactive methodologies and teaching approaches, including lectures, seminars, academic staff-guided independent learning, independent student learning, and by engagement in technologically-enhanced learning (TEL). A directed study of textbooks will support formally scheduled teaching, PSRB reports and scholarly journal articles (hard copy or electronic), critical evaluation of case studies, problem-based learning, simulation and reflection exercises. Additional formally scheduled teaching approaches will include video presentations, peer group discussions and presentations. The module will also use an inter-disciplinary approach to the development of the syllabus and teaching resources.

How will I be supported academically on this module?

Academic staff will provide guidance, 1-2-1 support (where possible), or use interactive asynchronous online peer support forums on the University’s virtual learning environment (VLE) to support you in your studies. Academic staff will use guided independent learning activities, e.g., directed reading. You will supplement this structured support with independent learning activities.

What will I be expected to read on this module?

All modules at Northumbria include a range of reading materials that students are expected to engage with. The reading list for this module can be found at: http://readinglists.northumbria.ac.uk
(Reading List service online guide for academic staff this containing contact details for the Reading List team – http://library.northumbria.ac.uk/readinglists)

What will I be expected to achieve?

Knowledge & Understanding:

1. Distinguish the economic perceptions of business organisations as clients/sponsors, professional advisors (independent practice), and contracting organisations.
2. Reconcile the different economic perspectives relevant to demand, supply, costs and revenues and the operation of markets.
3. Articulate a broad awareness of economics and project economics nomenclature.

Intellectual / Professional skills & abilities:
4. Develop your skills in recommending appropriate strategies for effective financial control in competition / collaboration; public/private sector interactions, and in the interpretation of economic data for resource forecasting.

Personal Values Attributes (Global / Cultural awareness, Ethics, Curiosity) (PVA):

You will be expected to develop ethical awareness by:

5. Develop and reinforce the ethical characteristics of a Northumbria graduate as you consider the values that underpin ethical approaches to project feasibility and justification. You will have the opportunity to reflect on how these are linked to your own values.

How will I be assessed?

Formative Assessment
Academic staff on the module will assess you in a formative manner to help build your confidence and highlight any misunderstandings you may have of the theoretical and professional concepts presented in the module. Your formative feedback will be given to you either verbally by academic staff on the module during formally-scheduled teaching sessions or digitally using the University’s VLE. Your formative feedback aims to help you learn and prepare for the submission of your summative assessment.

Summative Assessment
Academic staff on the module will assess you in a summative manner by one piece of coursework. Academic staff on the module will use the coursework to evaluate your ability to satisfy all the module’s learning outcomes. You will use the University’s VLE to submit your coursework. Academic staff on the module will use digital feedback tools to issue your feedback.

Pre-requisite(s)

None

Co-requisite(s)

None

Module abstract

This module will provide a general introduction to the subject matter of project economics located within the project environment; the relevant and applicable financial drivers affecting project procurement and contracts, where these are essential to the framing of the context within which a project may be delivered. This module goes to assist in defining the levels of responsibility and directions of accountability required of a project manager. The module will prepare and give you the grounding for future employment. Employers are looking for graduates with project feasibility and economics skills who can work as individuals and as members of a team in tackling problems and at the same time being able to make difficult decisions relating to the project.

Course info

Credits 20

Level of Study Postgraduate

Mode of Study 1 year full-time
3 other options available

Department Mechanical and Construction Engineering

Location City Campus, Northumbria University

City Newcastle

Start September 2020

Fee Information

Module Information

Current, Relevant and Inspiring

We continuously review and improve course content in consultation with our students and employers. To make sure we can inform you of any changes to your course register for updates on the course page.

Your Learning Experience find out about our distinctive approach at 
www.northumbria.ac.uk/exp

Admissions Terms and Conditions - northumbria.ac.uk/terms
Fees and Funding - northumbria.ac.uk/fees
Admissions Policy - northumbria.ac.uk/adpolicy
Admissions Complaints Policy - northumbria.ac.uk/complaints