QUSU07036 2022 Capstone Project - Property Development
Full Title
Capstone Project - Property Development
Transcript Title
Capstone - PD
Code
QUSU07036
Attendance
N/A %
Subject Area
QUSU - Quantity Surveying
Department
CENG - Civil Eng. and Construction
Level
07 - NFQ Level 7
Credit
05 - 05 Credits
Duration
Semester
Fee
€
Start Term
2022 - Full Academic Year 2022-23
End Term
9999 - The End of Time
Author(s)
Trevor McSharry, Barrie Cox
Programme Membership
SG_SPROP_J07 000000 Bachelor of Science in Property Services and Facilities Management
SG_SPROP_J07 000000 Bachelor of Science in Property Services and Facilities Management
SG_SPROP_J07 202200 Bachelor of Science in Property Services and Facilities Management (Add-on)
SG_SAUCT_S07 202200 Certificate in Auctioneering and Estate Agency Practice
SG_SPROO_J07 202300 Bachelor of Science in Property Services and Facilities Management (Add-on)
SG_SAUET_S07 202300 Certificate in Auctioneering and Estate Agency Practice
Description
This module is designed as a total problem based learning experience to develop students’ critical thinking, analytical, ethical and problem solving skills required of property professionals working in a modern complex built environment. Students will work as part a team on a multifaceted property development project while being facilitated by lecturers.
Learning Outcomes
On completion of this module the learner will/should be able to;
1.
Demonstrate an awareness of and articulate a personal knowledge base of principles, practice and theories-in-use from cognate modules.
2.
Develop self-directed learning with respect to professional transferrable skills.
3.
Provide strategic and reasoned advice, including the preparation and presentation of reports with reference to cost, time, quality and other related deliverables.
4.
Evaluate their decision making process and defend evidenced based courses of action.
5.
Synthesise in a logical and coherent manner credible solutions to complex multifaceted problems.
6.
Reflect critically on their practice and procedure.
Teaching and Learning Strategies
The Problem Based Learning model will be primarily utilised to deliver the module.
Regular feedback will be provided to students throughout the semester with initial formal feedback provided after review of the outline business case submitted.
In addition a number of supplementary lectures will be held to augment existing knowledge in the following areas:
Development Process and Activity
- The development process.
- Land acquisition and evaluation, buying and selling development opportunities.
- Development finance
- Construction - Contract procurement and risk management
- Marketing
Development Appraisal and Finance
- Residual valuations
- Development viability appraisals
- Development cash-flows
- The impact of finance & funding of development, including feasibility & viability
- Profit share appraisals
Planning and Zoning
Module Assessment Strategies
100% Continuous Assessment
Repeat Assessments
Students who fail an element of the module will need to repeat each element (continuous assessment) as instructed by the module lecturer.
Indicative Syllabus
At the start of the semester students will be presented with a detailed CA brief. The brief will require students to prepare a Business Case exploring commercial opportunities in the Property Development Sector. The CA Brief issued will provide students with clear terms of reference and basis of information to enable Business Case development.
Indicative topics to be addressed in the Business Case to include:
- Identification of Options and Option Sift
- Strategic Context and Assessment of need
- Objectives & Constraints
- Monetary Costs & Benefits
- Risk Appraisal
- Financing and affordability arrangements
- Selection of the preferred option
Note: The CA brief will examine all Learning Outcomes (1 to 6) to varying degrees.
Coursework & Assessment Breakdown
Coursework & Continuous Assessment
100 %
Coursework Assessment
| Title | Type | Form | Percent | Week | Learning Outcomes Assessed | |
|---|---|---|---|---|---|---|
| 1 | Outline Proposal | Coursework Assessment | Assessment | 20 % | Week 4 | 1,2,3,4,5 |
| 2 | Full Business Case Proposal | Coursework Assessment | Assessment | 70 % | Week 12 | 1,2,3,4,5,6 |
| 3 | Individual Report | Coursework Assessment | Assessment | 10 % | Week 13 | 1,2,4,6 |
Online Learning Mode Workload
| Type | Location | Description | Hours | Frequency | Avg Workload |
|---|---|---|---|---|---|
| Problem Based Learning | Not Specified | Problem Based Learning | 1 | Weekly | 1.00 |
| Independent Learning | Not Specified | Independent Learning | 6 | Weekly | 6.00 |
Total Online Learning Average Weekly Learner Contact Time 1.00 Hours
Required & Recommended Book List
Recommended Reading
2018-09-18 Cost Studies of Buildings
ISBN 1138381969 ISBN-13 9781138381964
2018-09-18 Cost Studies of Buildings
ISBN 1138381969 ISBN-13 9781138381964
This practical guide to cost studies of buildings has been updated and revised throughout for the 6th edition. New developments in RICS New Rules of Measurement (NRM) are incorporated throughout the book, in addition to new material on e-business, the internet, social media, building information modelling, sustainability, building resilience and carbon estimating. This trusted and easy to use guide to the cost management role: Focuses on the importance of costs of constructing projects during the different phases of the construction process Features learning outcomes and self-assessment questions for each chapter Addresses the requirements of international readers From introductory data on the construction industry and the history of construction economics, to recommended methods for cost analysis and post-contract cost control, Cost Studies of Buildings is an ideal companion for anyone learning about cost management.
Recommended Reading
1999-09-15 Cost Planning of Buildings Wiley-Blackwell
ISBN 0632042516 ISBN-13 9780632042517
1999-09-15 Cost Planning of Buildings Wiley-Blackwell
ISBN 0632042516 ISBN-13 9780632042517
This book, widely regarded as the leading text on the subject, reflects the broad understanding required by today's cost planners in their increasingly important role as the client's financial manager. The book has been updated and reorganised to reflect the industry's shift from work in the public sector to the private sector, and greater emphasis on refurbishment rather than new work. The contents are divided into three parts, covering the various stages of the construction process: Stage 1: The brief and the budget - establishing the budget from the standpoint of the client's needs and resources Stage 2: Designing the budget - designing the project within the client's budget Stage 3: Controlling the cost - maintaining the budget throughout the project. At each stage theoretical examples are included, together, for the first time, with some up-to-date, real life examples.
Recommended Reading
2006 Learning Journals
ISBN 0415403758 ISBN-13 9780415403757
2006 Learning Journals
ISBN 0415403758 ISBN-13 9780415403757
Provides information on using journal writing in teaching and professional development.
Recommended Reading
2006 Managing the Building Design Process Routledge
ISBN 9780750667913 ISBN-13 0750667915
2006 Managing the Building Design Process Routledge
ISBN 9780750667913 ISBN-13 0750667915
Managing the Building Design Process explains the designer's role in the creation of new buildings from the development of the plan through to completion. One key case study is used throughout the book so that the reader can clearly follow the process leading to the creation of a new building. This new edition expands on the first edition including sections on CAD and sustainability; incorporating updates to legislation and adding new illustrations as well as discussion points and useful references at the end of every chapter. Gavin Tunstall is an architect and a lecturer in the School of Architecture, Design and the Built Environment at Nottingham Trent University, UK.
Recommended Reading
2008-12-19 The Property Developer's Book of Checklists Pearson Education
ISBN 0273716255 ISBN-13 9780273716259
2008-12-19 The Property Developer's Book of Checklists Pearson Education
ISBN 0273716255 ISBN-13 9780273716259
For the novice or experienced, The Property Developer's Book of Checklists is packed with essential information, help and advice on every aspect of property development, so you can rest assured that you'll have everything covered.
Recommended Reading
2020-05-21 Essential Property Investment Calculations
ISBN 9798669328344
2020-05-21 Essential Property Investment Calculations
ISBN 9798669328344
Overview Like any other form of investment, property investment is largely a numbers game. But there's a big gap between the techniques used by individual investors in the residential buy-to-let market and the more disciplined, numbers-led approach used by professional real estate investors. Moreover, there is no single source of knowledge or wisdom that brings all these calculation techniques and metrics together in one place. This book aims to bridge this gap. It will teach you the techniques and formalised metrics used by professional investors to assess property deals and manage their portfolios. Essential Property Investment Calculations is a guide to all the calculations, numerical techniques and metrics you need to know to take your property investing to the next level. Part One Part One is all about assessing property deals. It will teach you the calculations you need to know to find, finance and close any property deal. You'll learn techniques used by property valuation experts and negotiation strategies you can use to close your next property deal. Part Two Part Two is all about managing your property portfolio. It will teach you how to measure property returns, both on a property-by-property basis and at the total portfolio level. You'll learn all the property management KPIs you need to track and improve performance, how to quantify and manage key property risks and the five golden rules of portfolio building. Whether you're new to property investing or a seasoned professional, this book is a guide to the essential property investment calculations you need to know. List of Chapters Part One : Assessing a property deal Chapter 1 - Rental yield calculations Chapter 2 - Stress testing deal cash flow Chapter 3 - How to value residential property Chapter 4 - Calculations for deal financing Chapter 5 - Ten negotiation tips and tricks Part Two : Managing your property portfolio Chapter 6 - Accounting for property investors Chapter 7 - How to measure your returns Chapter 8 - Property management KPIs Chapter 9 - Portfolio risk management Chapter 10 - Golden rules of portfolio building About the Author Robert Heaton is a property investor, writer and qualified actuary. He blogs about property and investing at his website.
Module Resources
Non ISBN Literary Resources
None
Journal Resources
None
URL Resources
Society of Chartered Surveyors Ireland (SCSI): www.scsi.ie
Royal Institution of Chartered Surveyors (RICS): www.rics.org
Other Resources
None
Additional Information
None