Elective Course 2 CONS 5208

Course description:

This course concentrates on discussing advanced tools and techniques, and methods for planning, monitoring, and control of projects. It develops awarness with a wide variety of questions that the top management (both of consultants and contractors) will need to answer prior to making a decision.

Course Aims:

The main goals of the course are:
  •  To help students develop a comprehensive, real world perspective of different decisions need to be taken by top management including; contractor selection, bid/no bid decision, mark-up percentage, resource allocation and leveling.
  •  To present and discuss various multi-criteria decision-making techniques including compensatory and non-compensatory methods.
  •  To introduce students to waste management hierarchy and techniques.
  •  To explore decision under uncertain situations.
  •  To discuss approaches to controlling resources of labour, material and equipments.
  •  To apply learned techniques to actual managerial situations under the guidance of the lecturer.

Course outcomes:

Upon completion of this course, the student should be able to:
  •  Conduct tender evaluation using the point’s method.
  •  Define modeling and simulation with relation to some managerial decisions.
  •  Differentiate and apply multi-criteria decision making techniques.
  •  Identify risk attitudes and utility theory.
  •  Control resources by leveling and smoothing technique.
  •  Discuss different methods of controlling waste according to the waste hierarchy.