QUSU08039 2019 Commercial Management for the Quantity Surveyor

Assess the techniques and tools available to manage risk and value throughout the development process.

Appreciate the potential to apply lean thinking to construction.

Evaluate the difference sources of finance used for construction and property development and the importance of cash flow forecasting.

Develop the ability to analysis whole life costing during the development and design of construction projects.

Critically evaluate the importance of supply chain management to the successful running of a construction project.

This module will be delivered through lectures and tutorials.

Moodle is used by lecturers to direct and manage the learning process and facilitates: Formal Learning: posting of lecture notes and continuous assessments, additional resources and supporting documents. Links to websites. remote collaboration on group work (discussion boards, collaborative document editing) Informal Learning: social communication between learners (discussion boards, chat rooms, Wikis, blogs) learner journals (reflective journals, e-portfolios).

This module is 40% Continuous Assessment and 60% Final Examination.

Repeat Continuous Assessment and / or Final Examination.

1. Construction industry performance - Current state industry and practice.

2. Financing Construction and Property Development.

3. Cash Flow Forecasting - Common usages; Different valuation methods; Advanced Cash flow forecasting; Client brief.

4. Risk Management - Risks; Risk Identification, analysis, response; Risk register and action planning.

5. Value Management - Value; Application of value management; stages of Value Management; Job Plan.

6. Whole Life Costing - Why use WLC; Calculating WLC.

7. Lean Construction - Lean, Lean Principles; Applying lean thinking to construction.

8. Supply Chain Management - Commercial Management of subcontractors and suppliers.