This unit provides an introduction to the Property Development (PD) process with the aim of imparting an understanding of the professional's role, delivered through a review of the stages involved in PD, an overview of the different sectors, project types and stakeholders. The unit will introduce the broad objectives of financial feasibility preparation and give insights to the feasibility aspects that accompany design criteria, to determine which projects are developed. It will present an overview of risk factors, which may be encountered in the process, including risk assessment/management, the risk matrix and possible counter measures. The unit introduces basic construction types, preparation of costings from industry publications, an overview of the construction industry, project stakeholders and the hierarchy of a construction project. On completion it is envisaged students will be able to identify major stakeholders, prepare initial construction costings and project feasibility reports outlining risks with mitigation measures. Students will have developed an understanding of PD, its effects on cities, its role in the economy, the processes and stakeholders involved. Students will also have gained an insight into construction, initial project cost planning, risk management and feasibility for a property development project.
lecture 2hrs/week; tutorial 1hr/week
Assessment 1 (25%), Assessment 2 (25%) and Assessment 3 (50%). One or more of these assessments may be group tasks.
BAEN3001 or BAEN3601 or (DAAE1001 and DESA3011) or (DAAE2002 and DESP1001)Co-requisites
BAEN3002 or ENGG3854