Description:

Decision-making in building projects consists of both economic and non-economic criteria for design and its implementation, e.g. income-expenditures or cost-benefit analysis. Both general mathematical formulas, algorithms and the lecturer´s expertise and skills will develop the student´s knowledge of how to identify optimal strategies and to predict the outcome of strategic interactions within the project life cycle. Seminars are devoted to practical problems in the form of a case study "Create your own business in CZ by buying and refurbishing existing premises" (prefeasibility study) with emphasis on the construction work cost and architect´s design team costing and pricing. Thus following crucial information is inevitable: total initial project costs, operating/manufacturing project costs in use, project life-time schedule, financing, externalities (EIA, IPPC) and CZ business environment assessment (PEST analysis) and construction work estimating (the bill of quantities, elemental cost analysis. The aim of the course: to furnish students/participants with adequate tools and techniques for competent assessment and strategic decision about capital investment projects under competitive and co-operative post-modern conditions.

Abbreviations used:

Semester:

• W ... winter semester (usually October - February)
• S ... spring semester (usually March - June)
• W,S ... both semesters

Mode of completion of the course:

• A ... Assessment (no grade is given to this course but credits are awarded. You will receive only P (Passed) of F (Failed) and number of credits)
• GA ... Graded Assessment (a grade is awarded for this course)
• EX ... Examination (a grade is awarded for this course)
• A, EX ... Examination (the award of Assessment is a precondition for taking the Examination in the given subject, a grade is awarded for this course)

Weekly load (hours per week):

• P ... lecture
• C ... seminar
• L ... laboratory
• R ... proseminar
• S ... seminar