Business of Building (Construction Project Management)
Number: BCT 353
Format: In person
Meeting Times: Mon, Wed, 2:30-3:45
Room: Olver Design Building 162
This course introduces advanced business concepts relevant for managing design and construction projects. Topics covered are: Organization and participants in construction projects, project finance structures, delivery methods, bidding and procurement, construction processes, concurrency of project costs and schedules, project control and risk management, as well as legal, contractual, and ethical aspects of construction. Life-cycle costs, time value of money, and managerial and leadership topics will be discussed, as well as interpersonal communication and professional conduct. Sustainability impacts on construction and decision making will be discussed.
Students will be exposed to a project management software (Procore or ProjectSight), which will be used as a tool for part of this course.
- Understanding the fundamental business concepts in the field of construction project management.
- Ability to work effectively with designers and builders within various project organizations and with other project stakeholders including owners and financiers.
- Ability to manage construction projects under various delivery methods.
- Understanding of project control and risk management approaches.
- Understanding of net present value analysis and life-cycle costing.
- Ability to effectively use construction business communications.
- Ability to work within a current project management software environment.
Construction Project Management, 4th Edition, Gould, F.E., and Joyce, N.E. (2014) Prentice Hall. ISBN-13: 978-0-13-2787724-4
Newman, D.G., Eschenbach, T.G., and Lavelle, J.P., 2012, Engineering Economic Analysis, 12th Ed., Oxford University Press