MSc Construction Project Management
Effective project management can be defined in terms of overall Planning, organisation and control of corporate resources to deliver a project within the constraints of time, cost and performance. A few years ago, project management was confined to large defence contractors and construction companies. Today, principles of project management are being applied in diverse industries and organisations such as defence, construction, pharmaceuticals, petrochemicals, banking, the national health service, central and local governments. There is great demand in organisations for project managers who are capable of delivering projects that range from small to large investments and with life spans of several months or indeed years. The MSc Construction Project Management programme is designed for those who wish to acquire or improve upon their knowledge of project management skills. Functional managers and upper level executives who provide continuous support to projects will also benefit from the programme.
You will gain an industry recognised qualification as this course is accredited by the Royal Institution of Chartered Surveyors (RICS) and the Institution of Civil Engineers (ICE). Combined with a suitable BEng accredited undergraduate degree, the course will then satisfy the academic requirements of the UK Engineering Council for Chartered Engineer (CEng) status. As such, there is a requirement for formal moderated examinations for three of the modules – Project Risk Management, Production Management and Project Appraisal and Finance. You will be required to make arrangements to sit these examinations in your country and you will be responsible for any costs involved.
Earn a world class MSc Construction for under $10,000.
|Modules (ALL COMPULSORY)|
|Trimester 1 (15 weeks)||Trimester 2 (15 weeks)|
|Project Appraisal & Finance
|Trimester 3 (15 weeks)||Trimesters 4 – 5 (13 – 26 weeks)|
|Project Risk Management
Management Theory: Motivation; Behavioural aspects of the individual and interaction of groups.
Leadership Theory and styles: Communication, Conflict, Delegation, Innovation and Entrepreneurship.
Organisational Theory: Objectives, Operational Principles, Structure Characteristics, Inception and Growth. Systems approach to organisation.
Corporate Planning-Formulation of Company Policy: Models for Strategic Planning, Evaluation and Implementation of Strategy, Managing Change.
Project management principles: Definitions and overview, types of projects, portfolios, programmes and projects. The project life cycle: time, cost and quality. Creation and use of work breakdown structures (WBS), cost breakdown structures (CBS), and organisation breakdown structures (OBS). Time and resource scheduling, estimating. Project selection and making the business case, stakeholder identification and analysis of needs. Success criteria, success factors and performance indicators. The project plan.
Business organisational structures for project management: Functional and matrix organisations. Team building and team characteristics. Industrial team operations. Leadership and motivation. Communication methods, effective meetings. Reporting requirements and techniques. Negotiating; conflict management. The role of the programme/project office. Procurement, contractors and suppliers.
Risk Management: Definition of key terms. Evaluation of and planning for risk, risk ownership and reporting, risk register. Contingency planning. Costs and benefits. Health and safety and environmental considerations.
Project Control: Requirements management, issue log. Change: types of change; impact, change control procedures, information management. Configuration management. Monitoring and corrective action.
Tools for project management: Network methods. Creation and analysis of simple project plans using a computer-based tool.
Project Appraisal and Finance
Project life cycle. Feasibility Studies. Techniques of Economic Project Appraisal. Required Rates of Return on Project Investments. The Capital Asset Pricing Model. Identifying and Valuing Options. Cost Benefit Analysis of Public Sector Projects. Multi-criteria Analysis. International Capital Budgeting. Projects and Environmental Effects.
Project Finance. Domestic and International Financial Institutions. Multilateral Agencies. Financial Instruments. Syndicated Lending. Bonds. Financial Engineering. Derivative Products. Financial Options, futures and swaps. Costs of Raising Project Finance. Financing Infrastructure in Emerging Markets. Financing PFI/PPP Projects. Case Studies.
Production Management – analysis of construction strategies, physical production systems, on and off site production.
Production planning and programming: phase planning, progressive planning; programming techniques. Analysis of work study techniques and their use in productivity studies.
Resource Management: manpower planning, plant management; sub-contractor selection, control and co-ordination; materials purchasing and control system; supply chain management and lean construction.
The module addresses three areas of procurement, strategic issues, selection and decision making, operational and practical considerations, and performance measurement. The content covers aspects of the decision to build and procurement method selection on objective basis, use of professional advisors, procurement management, relative procurement efficiency, procedural stages and their discrete objectives, priorities and risks, project maintenance profiling. EU procurement directives and procurement abroad -commonality and divergence. Client value for money philosophy and techniques. Decision making process. Key performance indicators applied to procurement methods.
Project Risk Management
Philosophy of risk. Risk Management Methodology. Risk Identification. Risk Analysis. Management Response to Risk. Major Sources of Risk and Uncertainty.
Expected Monetary Value, Decision Tree Analysis. Sensitivity Analysis. Value of Perfect Information. Elicitation of Probabilistic Information. Utility Theory. Multi-attribute Utility Theory. Risk In Bidding Decisions. Reverse auctions. Risk and Property Auction Design. Risk Analysis Software. Monte Carlo Simulation. Human Aspects in Risk Analysis. Risk Allocation in Contracts. Insurance and Bonds. Risk in PFI/PPP Projects. Risk in International Project Investments. Portfolio Theory and Practice. Firm-wide Risk Management. Role of a risk Manager. Case Studies.
The student will learn about important elements of project management, such as planning, control, cost, problem solving skills, report writing and defend the outcome during a viva session. The project is normally completed during 13 weeks of full time research or part time equivalent, 26 weeks.
- Assessment is by end of unit quizzes and end of module assignments, aside from 3 modules which have formal exams: Project Risk Management, Production Management, Project Appraisal and Finance. The schedule for assessments is published in advance.
- The MSc Construction Project Management comprises of six modules and a dissertation to a timescale that matches your requirements, but can be completed in 20 months minimum/4 years max.
- Ideally, you will hold a first degree at 2:2 or above, or an equivalent qualification for entry into this programme. We look for applicants to have a background in any discipline in order to be eligible for the programme.
- We may also consider applicants who have completed a Bachelor (Ordinary) degree if you have sufficient relevant work experience within the industry. There may also be an additional essay requirement if you apply with less than an Honours degree, this would be confirmed on submission of the application to the Admissions Team.