Project bidding and submission involves crucial cost analyses technique and the understanding of the Time Value of Money (TVM) concept. Funder and senior management often refer to cash flow diagrams (CFD) and cost analyses outcomes for decision-making. As such, it is important for IT professional to master the concept so that they are able to communicate with senior management to present their ideas or proposals in terms of financial values.
Note: Microsoft Excel will be used in this short course, whereby basic concepts of cost analyses, TVM, CFD, break even analysis and project management concept will be taught.
Learning objectives: Professional competence:
After successful completion of the submodule, students are able to:
1. Construct cash flow diagrams (CFD) based on questions (2).
2. Apply Time Value of Money (TVM) concept with CFD to assess a project (
3. To apply the learned knowledge and hands-on practical knowledge in cost analyses to assess financial value of a project using Microsoft Excel or financial formulae (3).Learning objectives: Personal competence:
After successful completion of the submodule, students are able to:
To apply the learned knowledge and hands-on practical knowledge in cost analyses to assess financial value of any IT project (3).Teaching media:
1. Lecture (PowerPoint/PDF presentations and blackboard/whiteboard) with in class interactions.
2. Elaboration of solutions by group discussion (PowerPoint/whiteboard) or one to one question and answer.
3. Use of tutorial questions, case study and student presentations.
4. Online Teaching.
Literature:
1. Engineering Managerial Economic Decision and Risk Analysis: Economic Decision-Making and Risk Analysis (2021 or 2022 edition). Cotter, Teddy Steven. Springer. ISBN: 3030877663 , 9783030877668 , 3030877663 , 9783030877668 , 9783030877675 , 3030877671
Assessment:Assignment (and Presentation)