Module title: Project Appraisal and Finance

SCQF level: 11:
SCQF credit value: 20.00
ECTS credit value: 10

Module code: BSV11102
Module leader: Stephen Sladdin
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, Blended, Edinburgh Napier University
Occurrence: 001
Primary mode of delivery: Blended
Location of delivery: MERCHISTON
Partner: Edinburgh Napier University
Member of staff responsible for delivering module: Maurice Van Rietvelde
Module Organiser:


Learning, Teaching and Assessment (LTA) Approach:
Learning & teaching methods including their alignment to LOs
LO1-4 Each face-to-face activity uses a wide variety of audio-visual resources, group discussion, case analysis to develop student engagement. Directed study focuses on development of the concepts covered in the reading materials.

Embedding of employability/PDP/scholarship skills
LO1-4 Students take part in developmental exercises so as to better understand their personal skills and attributes and how to develop them to increase their employability. Their PDP is considered an integral part of this development as they are encouraged to reflect on what they have learned in the module and apply it to their personal situation.

Assessment (formative and summative)
Assessment 1 is a piece of continuous assessment (coursework) and provides the opportunity to give students formative feedback on their progress. Assessment 1 will test the knowledge and competence of the student in LO1 and LO2. Assessment 2 is an examination and is designed to give students both formative and summative feedback on several aspects of the learning process that can be applied to other learning situations. It will test the knowledge and competence of the student in all the four learning outcomes.

Research/teaching linkages
At several points during the module the students are introduced to relevant research to underpin their learning. Students are also expected to undertake personal research for the assessments, which builds their research skills.

Supporting equality and diversity
Through LO1-4 the issues of diversity are considered in the module. Module materials use a mix of examples from different cultural backgrounds to ensure that diversity is effectively dealt with. The module is taken by students from a wide variety of programmes - the module materials recognise this diversity.

Internationalisation
Students on the module come from a wide ethnic and cultural mix.

Formative Assessment:
Formative feedback - will be provided I the module through the self-assessment questions. This will enable you to self-assess your progress and understanding. This module also uses end of unit tests worth 10% of the final assessment marks, to provide continual formative feedback on a unit by unit basis to assist the student.

The mid-module assessment feedback will also serve to act as formative feedback to inform the students in the completion of the end of module assessment.

Summative Assessment:
Summative feedback will be provided throughout the module in the form of one component with two elements, Firstly a mid module assessment will offer formative and summative assessment (45%) assessing Los 1 and 2, and the final assessment will contribute the rest of the module marks (45%), covering all Los 1-4.

Student Activity (Notional Equivalent Study Hours (NESH))
Mode of activityLearning & Teaching ActivityNESH (Study Hours)
Face To Face Lecture 36
Independent Learning Guided independent study 161
Face To Face Centrally Time Tabled Examination 3
Total Study Hours200
Expected Total Study Hours for Module200


Assessment
Type of Assessment Weighting % LOs covered Week due Length in Hours/Words
Class Test 10 1-4 11 HOURS= 0, WORDS= 0
Centrally Time Tabled Examination 45 1-4 14/15 HOURS= 3, WORDS= 0
Essay 45 1,2 7 HOURS= 0, WORDS= 3000
Component 1 subtotal: 55
Component 2 subtotal: 45
Module subtotal: 100

Description of module content:

Project life cycle. Feasibility Studies. Techniques of Economic Project Appraisal. Required Rates of Return on Project Investments. The Capital Asset Pricing Model. Identifying and Valuing Options. Cost Benefit Analysis of Public Sector Projects. Multi-criteria Analysis. International Capital Budgeting. Projects and Environmental Effects.

Project Finance. Domestic and International Financial Institutions. Multilateral Agencies. Financial Instruments. Syndicated Lending. Bonds. Financial Engineering. Derivative Products. Financial Options, futures and swaps. Costs of Raising Project Finance. Financing Infrastructure in Emerging Markets. Financing PFI/PPP Projects. Case Studies.



Learning Outcomes for module:

On completion of the module the student will be able to:-
LO1: discuss the principles of economic appraisal as applied to construction projects.
LO2: critically apply the principles of economic appraisal to aid investment decision making for construction projects.
LO3:.explain the main sources, costs and conditions associated with raising project finance.
LO4: critically examine and analyse problems and synthesise solutions in project evaluation and financing.

Indicative References and Reading List - URL:

Core - MCLANEY,EDDIE (2014) BUSINESS FINANCE:THEORY AND PRACTICE: PEARSON EDUCATION LIMITED, 10th ed. - ISBN: 9781292016122
Core - PIKE,RICHARD:NEALE,BILL:LINSLEY,PHILLIP (2015) CORPORATE FINANCE AND INVESTMENT:DECISIONS AND STRATEGIES.: PEARSON HIGHER EDUCATION, 8th ed. - ISBN: 9781292064086
Core - ROGERS,MARTIN:DUFFY,AIDAN. (2012) ENGINEERING PROJECT APPRAISAL: JOHN WILEY AND SONS LTD, 2nd ed. - ISBN: 9781118378113
Recommended - CHADWICK,LESLIE (1996) THE ESSENCE OF FINANCIAL ACCOUNTING: PRENTICE HALL, 2nd ed. - ISBN: 9780133565102
Recommended - HIGGINS,ROBERT (2015) ANALYSIS FOR FINANCIAL MANAGEMENT: MCGRAW-HILL EDUCATION, 11th ed. - ISBN: 9780077861780
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