Quantity Surveying 3 (11672.1)

This unit presents the appraisal and valuation methods which can be used to assess property investment, and to cope with deviations. It consists of the activities involved to observe the process of property development, identify investment possibilities and risks, and deploy strategies and actions to improve and monitor the decision process. The unit incorporates practical sessions and case studies to consider the problems associated with resource utilization, accounting systems, value management, and deviations from a project plan. It is intended to synthesize a comprehensive view from various perspectives as well as controlling the impacts of project and development changes.

Learning outcomes

Upon successful completion of this unit, students will be able to:
1. Develop a critical appraisal for property investment decision-making in line with the development cycle, focusing on feasibility and risk analysis;
2. Apply property appraisal and valuation techniques to determine relevant values;
3. Identify and appraise the critical values of property investments and relevant projects to justify their importance and implications for ensuring satisfactory progression and successful completion; and
4. Perform integrated construction change control and review various tools in diverse, dynamic and emerging development contexts.

Graduate attributes

1. UC graduates are professional - communicate effectively
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
2. UC graduates are global citizens - adopt an informed and balanced approach across professional and international boundaries
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development

Prerequisites

11670 Quantity Surveying 2

Corequisites

None.

Incompatible units

None.

Equivalent units

None.

Assumed knowledge

None.