Module title: Development Appraisal

SCQF level: 09:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: BSV09104
Module leader: Alison Andrews
School School of Engineering and the Built Environment
Subject area group: Building and Surveying
Prerequisites

There are no pre-requisites for this module to be added

2018/9, Trimester 1, Face-to-Face, Edinburgh Napier University
Occurrence: 001
Primary mode of delivery: Face-to-Face
Location of delivery: MERCHISTON
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Alison Andrews
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
The module is taught in a sequential method starting with an understanding of the development process and the role of the surveyor within the process. The lectures then move onto conventional appraisal methods, including partnership agreements. The lectures then move on to contemporary appraisal methods and the module ends with evaluation of the risks of the development process and the methods available to analyse this risk. The tutorials are used to reflect on and consolidate the application of the appraisal and analysis techniques covered in the lectures.

Embedding of employability/ PDP/ scholarship skills
The module shall assess the standards of communication, creativity and problem solving skills needed to answer such questions posed by development appraisal and evaluation and required by the students to demonstrate such competency.

Research/ teaching linkages
Close links are maintained with the Royal Institution of Chartered Surveyors and industry. This includes reference to research papers and guest lecturing from practitioners.


Formative Assessment:
The provision of formative feedback is a key component of the LTA approach underpinning this module. Formative feedback opportunities are built into each practical session where you will be encouraged to engage with and reflect upon module themes via a series of different learning tasks. These provide opportunities for the module tutor to help with your understanding and interpretation of module topics. This formative feedback is delivered in class time in response to student contributions both individually and collectively. Formative feedback arises via the discussion and analysis of tutorial questions, practical examples/cases and associated reflection on a range of learning tasks. The coursework assessment is supported by 1:1 sessions for formative feedback on the coursework plan and the exam assessment is supported in the tutorial classes.

Summative Assessment:
The coursework assessment is designed to evaluate the student's understanding of the conventional residual technique of development appraisal and understanding of the development process. (LOs 1-3).
The timetabled exam will assess all learning outcomes (LOs 1-6)

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 22
Face To Face Tutorial 22
Independent Learning Guided independent study 156
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Report 0 1,2,3 6 HOURS= 0, WORDS= 500
Centrally Time Tabled Examination 70 1-6 14/15 HOURS= 3, WORDS= 0
Report 30 1,2,3 8 HOURS= 0, WORDS= 1500
Component 1 subtotal: 30
Component 2 subtotal: 70
Module subtotal: 100

Description of module content:

The development appraisal process, detailed residual valuations and financial evaluations, partnership schemes and ground rent calculations, equity sharing agreements, cash flow models, discounted cash flows, uncertainty and risk in the development process, and sustainable development.


Learning Outcomes for module:

On completion of this module you will be able to:
LO1: acquire a broad and comprehensive knowledge of the Development Appraisal Process;
LO2: critically understand traditional development appraisal techniques;
LO3: acquire technical knowledge of how to apply traditional development appraisal techniques;
LO4: evaluate the types of equity sharing partnership schemes available for the computation of ground rent on development sites;
LO5: acquire technical knowledge of how to apply contemporary development appraisal techniques;
LO6: compare the different techniques available for the analysis of risk and uncertainty in the development process.

Indicative References and Reading List - URL:
Development Appraisal