Cost Management 3 - 2016

To enrol in this unit, you must be accepted into a course from the provider. Read before you start

Unit summary


  • Level of Study: Undergraduate Level 3
  • Study load: 0.125 EFTSL
  • Delivery method: Fully Online
  • Prerequisites: Yes
  • Duration: 13 weeks
  • Government loans available: FEE-HELP, HECS-HELP
  • Availability for 2016: SP2 , SP4
  • Availability for 2017: SP2 , SP4
  • Assessment: Assignment - Value management study (35%) , Case Study (50%) - Learn more

Unit provided by

2016 Fees
Domestic 1,114.00
HECS 1,114.00
International 1,364.00

This unit introduces advanced processes and techniques for cost management. Students will be introduced to the use of software for cost planning and the techniques of cost modelling, life cycle costing and value management which build on principles and practices previously studied.

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At the completion of this unit students will be able to:

  1. apply appropriate cost data for cost planning
  2. compare costs for alternative design solutions
  3. evaluate and manipulate cost data
  4. critically appraise the value of cost management processes.
  • Assignment — Value management study (35%)
  • Case Study (50%)
  • Reflective Task (15%)

Mandatory prerequisites

You must have successfully completed the following unit(s) before starting this unit:

If you have completed equivalent study at another university, please contact a Student Advisor for advice.

  • Broadband access
  • Other special requirement — Provide an email address

In order to enrol in this unit, you must be accepted into one of the following courses:

Please visit the course details page and read the Requirements tab for more information about eligibility.

This unit addresses the following topics.

1Cost plan creation - Review of cost planning & introduction to cost planning software
2Creating projects and databases
3Understanding the scope and timeframe for the cost plan
4Measurement of cost plan
5Costing of cost plan
6Presentation of cost plan
7Value management (VM) - Principles and process
8VM project
9Cost modelling of projects - Principles and process
10Cost modelling project
11Life cycle costing - Principles and applications
12Life cycle project

This unit is delivered using the following methods and materials:

Instructional Methods

  • Discussion Forum/Discussion Board
  • Glossary
  • Online Quizzes/Tests
  • Online assignment submission
  • Standard Media
  • Web links

This unit is a core requirement in the following courses:

This unit may be eligible for credit towards other courses:

  1. Many undergraduate courses on offer through OUA include 'open elective' where any OUA unit can be credited to the course. You need to check the Award Requirements on the course page for the number of allowed open electives and any level limitations.
  2. In other cases, the content of this unit might be relevant to a course on offer through OUA or elsewhere. In order to receive credit for this unit in the course you will need to supply the provider institution with a copy of the Unit Profile in the approved format, which you can download here. Note that the Unit Profile is set at the start of the year, and if textbooks change this may not match the Co-Op textbook list.
This unit does not have a prescribed textbook(s).

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