BBSE3009/4409 Project Management and Engineering Economics
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  • Dept of Mech Engg
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    [What is Project Management? Training Video (2:42),]
    Level: 3 / 4
    Credit Unit: 6
    Duration: Second semester
    Contact Hours: 3 hours per week
    Prerequisite: None
    Calendar Entry: Characteristics of building projects and typical contracts; roles of different building professionals; project planning, scheduling and control; contract documentation and contractual arrangement; estimating and tendering; site organisation and supervision; measurement and valuation of works; claim management and settlement; alternative dispute resolution; time value of money; interest and interest formulas; equivalent analysis; bases for comparison of alternatives; present worth analysis; annual equivalent worth analysis; rate of return analysis; project cash flow analysis; decision making among alternatives; applications to real-world economy.
    Assessment Methods: Examination (70%); in-couse assessment (30%)
    Course Website:

    Educational Objectives:

  • To understand the project management skills in building industry and other engineering projects.
  • To acquire the important knowledge and experience on contract management in real life projects.
  • To appreciate the techniques of project planning and control.
  • To understand the skills needed for engineering economics and company finance.
  • To appreciate the significance of the economic aspect of engineering in their decision making.
  • To master the fundamental concepts of economic analysis necessary to bridge the gap between the physical and economic aspects of engineering applications.
  • Learning Outcomes:
    • To describe the basic concepts and skills for construction project management.
    • To explain the key issues for building contract procedures, management and administration.
    • To apply the techniques of project planning and control on building projects.
    • To apply knowledge of mathematics, science, and engineering appropriate to the engineering economics.
    • To identify, formulate and solve engineering economic problems.
    • To use the techniques, skills, and modern engineering tools necessary for engineering practice appropriate to the engineering economics.
    Course Content:

    This course will integrate the subject matters through an interactive approach. The teaching/learning will be supported by audio/visual aids, Web-based resources and group discussions. The students have the opportunity to perform role play exercises or to undertake mini-projects to better understand the application of knowledge acquired. Satisfactory attendance rate and active class participation are expected and required.

    The course emphasizes the application of project management and contract administration skills and will equip the students for their career development in the industry. The students have the opportunity to understand project management and contracting in building and related industries, and to appreciate the application of such techniques in project through case studies. This course also treats the economical dimension of engineering practice. The financial management of technical projects involving real-life engineering applications is emphasized.

    Lectures and Assigned Readings

    The detailed list of lecture/topics is contained in the Course Schedule. The lectures provide the conceptual framework for the course and will also be supplemented with assigned readings if necessary. Students are recommended to complete all the assigned readings on their own time so that questions which may arise can be discussed more fully. Students are expected to have a working understanding of the lecture and reading materials.

    Assessment Methods

    The role-playing exercise and assignment/quiz account for 30% while the final written examination accounts for 70% of the course marks.

    Course Website  (

    Updated information of the course can be found on the course website. Students are encouraged to visit and make use of the website to support their learning. They may review the lecture materials online and study the linked references when reviewing the topics.

    Relationship and Integration with Other Courses

    The course requires the students to have a general understanding of engineering subjects, particularly relating to construction and building industry. The course also requires the students to integrate a number of different topics in project management and engineering economics. The Level 1 courses Professional and Technical Written Communication for Engineers, Professional and Technical Oral Communication for Engineers, and Practical Chinese Language Course for Engineering Students are useful to the course.


    There is no required textbooks for this course. Additional references and materials on the course topics will be provided over the course. The following are some suggested reading materials.

    • Chan, C. T.-W. and Sin, H.-C., 2009. Construction Project Management: From Theory to Practice, Prentice Hall, Singapore. [HK 624.0684 C454]
    • Hills, M. J., 1995. Building Contract Procedures in Hong Kong, Chapters 11 and 12, Longman, Hong Kong. [692.95125 H65]
    • Kwakye, A. A., 1997. Construction Project Administration in Practice, Longman, Harlow, Essex. [624.068 K98 c]
    • Lai, A. K.-T., 1987. The Standard Form of Building Contract for Hong Kong, Professionalmanship Publ. Co., Hong Kong. [692.8095125 L1]
    • Park, C. S., 2011. Contemporary Engineering Economics, 5th ed., Pearson Education, Boston, Mass. [658.15 P23 c]
    • Parsloe, C. and Wil, L. J., 1998. Project Management Handbook for Building Services, Building Services Research and Information Association, Bracknell, Berkshire. [LB 690.068 P96 P]
    • Riggs, J. L., Bedworth, D. D. and Randhawa, S. U., 1996. Engineering Economics, 4th ed., McGraw-Hill, New York. [658.1596 R56]
    • Tang, S. L., et al., 2003. Modern Construction Project Management, 2nd ed., Hong Kong University Press, Hong Kong. [624.068 M689][ebook]
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    | Created: Aug 2012 | Update: 3 Dec 2014 | By: |
    visitors since 18 Sep 2005