National Taiwan University of Science and Technology

Department of Construction Engineering – Management Division

INSTRUCTOR: Professor J.-S. Chou

COURSE: Cost Management
OFFICE: E2-217
E-MAIL: jschou@mail.ntust.edu.tw
PHONE: 2737-6321
COURSE WEBSITE: http://elearning.ntust.edu.tw/index.html
OFFICE HOURS: by appointment via phone or email, or just come by my office. If I am not
available, I will set another time for both of us.

COURSE OBJECTIVES:
1. To give the student a knowledge of cost estimation, budgeting, & control implications of
projects from the perspective of the major participants–owners, designers, constructors,
and financial institutions. This perspective will follow the lifecycle of a project.
2. To give the student an intimate understanding of the project life cycle and particularly
cost management and its impact on and relationship with project finance.
3. To give the student a chance to apply course concepts in self-selected (or assigned) case
study applications.

COURSE OUTLINE:
1. Introduction to Cost Management [4]
2. Uncertainty and Stochastic Cost Simulation [5]
3. Non-Financial Decision Making [8]
4. Decision Analysis for Project Cost [2]
5. Analysis and Managing Project Cash Flows [1] [7]
6. Cost Estimation and Techniques [3] [6]
7. Monitoring and Controlling the Project [5], [4]
8. Demonstration of Risk Analysis Software [8]
9. Term Project Presentation

PRIMARY TEXTBOOKS:
[1] Construction Accounting and Financial Management, Steven J. Peterson, Pearson.
[2] Contemporary Engineering Economics. Chan S. Park, Publisher: Pearson International
Edition. 4th ed., 2007.
[3] Cost Management-Strategies for Business Decisions. Hilton, Maher, and Selto.
McGrawHill.
[4] A Guide to the Project Management Body of Knowledge (PMBOK® Guide) – 4th
Edition, Date Published: 2009, Project Management Institute (有中文版)
[5] Core Concepts: Project Management in Practice, 3rd Edition, Samuel J. Mantel, Jr.,

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 ISBN: 978-0-470-12164-1, Paperback, 320 pages, November 2007

RECOMMENDED TEXTBOOKS:
[6] Hendrickson,C., Project Management for Construction--Fundamental Concepts for
Owners, Engineers, Architects and Builders, Prentice Hall, New York, USA
(http://www.ce.cmu.edu/pmbook/)
[7] 丁建智，營建成本與財務管理，詹氏書局
[8] Supplemental materials on the e-Learning website
[9] The Project Management Institute (PMI). PMI establishes project management standards,
provides educational programs, seminars and professional certification for managers. The
WWW site is located at www.pmi.org.

GRADING:
Grade for this course will be determined as follows:
Assignments & In-Class Exercise 35%
Term Project Pre-proposal 10%
Term Project & Presentation 30%
Individual Report 20%
Participation & Attendance 5%
Bonus Credits < +/-10%

Restricted Project Topics:

1. 以新建、改建、增建工程為例，發展一工程專案(成本)規劃報告。
2. 營建工程生命週期成本管理
3. BOT專案的成本與財務規劃
4. 土地開發與集合式住宅興建成本與現金流量規劃
5. 基礎建設生命週期成本分析
6. 綠色(環境)會計於營建工程之應用
7. 實獲值管理於營建工程之應用
8. 台灣經濟新報資料庫-營造建設公司成本財務報表分析
9. 「政府統計資料庫連結」相關成本議題探討；網址:
http://140.109.120.173/stat/stat.htm
10. 提出一初步構想，並獲授課教授同意之主題

*Topics of journal article presentations and team projects are restricted to the followings:
 Project Cost Management

 Project Cost Estimation

 Uncertain Cost Analysis

 Project Preliminary Cost Estimates

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  Project Life Cycle Cost Analysis
 Project Sustainable Development (economic, environmental, social)
 Project Economic Analysis
 Earned Value Management
 Project Cost Control/Project Performance Evaluation
 Cost/Financial Forecasting
 Topics upon my approval

Journal article review should include:

 Source 文章出處

 Year 年代

 Authors 作者

 Abstract 摘要

 Summary of Each Paper Section 各章節簡述

 Research Methods 研究方法與步驟

 Research Outcomes 研究結果

 Major Contributions 主要研究貢獻

 Future Directions and Recommendations 本研究未來可能的後續發展方向與建議

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