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Unit of study_

PMGT5873: Project Economics and Finance

This course equips members of project management teams with information and tools to do financial appraisal and optimise decision making. It imparts basic knowledge and competencies required in project appraisal and financial management applicable to all sectors of industry and business. These include services, business investment, RandD, capital projects, local, state and national government departments and agencies. Topics include: Review of the Fundamentals of Project Economics and Financial Techniques; Implementation of Fundamental Principles including EUAC, NPV, IRR, B/C, Valuation, Depreciation, Replacement Studies and Life Cycle Costing; Development of Project Alternatives and Application of the Analysis Techniques; Sensitivity Analysis, Risk Analysis and Management; Project Funding and Selection; Project Appraisal Report.


Academic unit Civil Engineering
Unit code PMGT5873
Unit name Project Economics and Finance
Session, year
Semester 2, 2020
Attendance mode Online
Location Camperdown/Darlington, Sydney
Credit points 6

Enrolment rules

Available to study abroad and exchange students


Teaching staff and contact details

Coordinator Shahadat Uddin,
Lecturer(s) Amela Peric ,
Type Description Weight Due Length
Participation Class participation
Individual response to 10 weekly discussion questions
10% Multiple weeks 1-2 paragraphs per week
Outcomes assessed: LO6 LO7 LO8 LO9 LO10
Online task Knowledge test
Online test covering topics introduce over the first 7 weeks
15% Week 08 60 min
Outcomes assessed: LO6 LO7 LO8 LO9 LO10
Assignment group assignment Group assignment
An appraisal report on a chosen project - group work.
40% Week 12 20-30 pages
Outcomes assessed: LO1 LO8 LO6 LO4 LO3 LO2
Assignment Individual assignment
Individual assignment covering applied theory and reflection.
35% Week 13 12 pages
Outcomes assessed: LO7 LO8 LO9 LO10
group assignment = group assignment ?
  • Group assignment: Group assignment has two parts: written report and presentation. The written report covers a case project, as well as literature review (background research) into Project Financial Evaluation principles including topics such as quantitative methods, qualitative methods, funding options etc. The students are expected to use evaluation techniques covered in weekly tutorials (EUAC, NPV, Profitability Analysis, IRR, Incremental analysis, Payback analysis, Cost Benefit Analysis, Valuation and Replacement studies, Life Cycle Costing analysis, Risk and Sensitivity Analysis) and apply them on a chosen case project. The second part of the assignment is a brief class presentation of the written report. Feedback collected via peer review will be used to determine the individual marks for this assignment.
  • Individual assignment: The purpose of the Individual assignment is to articulate and reflect upon the competencies developed in the unit with appropriate substantiations. It summarises class experience, teamwork, newly acquired knowledge and the effectiveness of integration of the new information onto the existing knowledge base.
  • Knowledge test: The Knowledge test is an online quiz with questions related to theoretical components of the unit, as well as questions related to application of theory in practice. The Knowledge Test is conducted in class (Week 8) for students enrolled in weekly mode, while online students will have the choice to either attend this test with the weekly class or to conduct the test via Skype.
  • Class participation: Weekly questions will be posted on the Discussion Board (Weeks 2-11), giving the opportunity to students to demonstrate not only their understanding of topics covered in this unit, but also their continuous class engagement and practical and reflective thinking.

Detailed information for each assessment can be found on Canvas.

Assessment criteria

The University awards common result grades, set out in the Coursework Policy 2014 (Schedule 1).

As a general guide, a high distinction indicates work of an exceptional standard, a distinction a very high standard, a credit a good standard, and a pass an acceptable standard.

Result name

Mark range


High distinction

85 - 100



75 - 84



65 - 74



50 - 64



0 - 49

When you don’t meet the learning outcomes of the unit to a satisfactory standard.

For more information see

Late submission

In accordance with University policy, these penalties apply when written work is submitted after 11:59pm on the due date:

  • Deduction of 5% of the maximum mark for each calendar day after the due date.
  • After ten calendar days late, a mark of zero will be awarded.

Special consideration

If you experience short-term circumstances beyond your control, such as illness, injury or misadventure or if you have essential commitments which impact your preparation or performance in an assessment, you may be eligible for special consideration or special arrangements.

Academic integrity

The Current Student website provides information on academic honesty, academic dishonesty, and the resources available to all students.

The University expects students and staff to act ethically and honestly and will treat all allegations of academic dishonesty or plagiarism seriously.

We use similarity detection software to detect potential instances of plagiarism or other forms of academic dishonesty. If such matches indicate evidence of plagiarism or other forms of dishonesty, your teacher is required to report your work for further investigation.

WK Topic Learning activity Learning outcomes
Ongoing Independent study guided by the online contact and lectures. You are expected to undertake 8-10 hours per week on independent study in addition to workshops Independent study (100 hr) LO1 LO2 LO3 LO4 LO5 LO6 LO7 LO8 LO9 LO10
Week 01 Online workshop Online class (2 hr) LO1 LO2
Week 02 Online workshop Online class (2 hr) LO1 LO2 LO3 LO4 LO8
Week 03 Online workshop Online class (2 hr) LO1 LO2 LO3 LO4 LO7 LO8
Week 04 Online workshop Online class (2 hr) LO1 LO2 LO3 LO4 LO7 LO8
Week 05 Online workshop Online class (2 hr) LO1 LO2 LO3 LO4 LO8
Week 06 Online workshop Online class (2 hr) LO1 LO2 LO3 LO4 LO6 LO8
Week 07 Online workshop Online class (2 hr) LO1 LO2 LO3 LO4 LO5
Week 08 Online workshop Online class (2 hr) LO1 LO2 LO3 LO4 LO8 LO9 LO10
Week 09 Online workshop Online class (2 hr) LO1 LO2 LO3 LO4 LO5 LO6 LO7 LO8 LO9 LO10
Week 10 Online workshop Online class (2 hr) LO1 LO2 LO3 LO4 LO5 LO6 LO7 LO8 LO9 LO10
Week 11 Online workshop Online class (2 hr) LO1 LO2 LO3 LO4 LO5 LO6 LO7 LO8 LO9 LO10
Week 12 Online workshop Online class (2 hr) LO1 LO2 LO3 LO4 LO5 LO6 LO7 LO8 LO9 LO10

Study commitment

Typically, there is a minimum expectation of 1.5-2 hours of student effort per week per credit point for units of study offered over a full semester. For a 6 credit point unit, this equates to roughly 120-150 hours of student effort in total.

Required readings

All readings for this unit can be accessed through the Library eReserve, available on Canvas.

  • Grant, Ireson and Leavenworth, Principles of Engineering Economy (Latest). J. Wiley & Sons

Learning outcomes are what students know, understand and are able to do on completion of a unit of study. They are aligned with the University’s graduate qualities and are assessed as part of the curriculum.

At the completion of this unit, you should be able to:

  • LO1. demonstrate a working knowledge of the fundamentals of project economics and finance and practical understanding of the framework typically used to analyse proposals
  • LO2. demonstrate a working knowledge of the techniques for financial appraisal of projects in public and private sectors
  • LO3. demonstrate a working knowledge of the techniques for evaluating the various perspectives of stakeholders in relation to projects appraisal and development
  • LO4. demonstrate a working knowledge of valuation, depreciation and capitalisation methods
  • LO5. demonstrate a basic understanding of the various methods for life cycle cost determination and their application in capital asset renewal decisions
  • LO6. demonstrate a basic knowledge of unit cost determination in production ventures
  • LO7. perform multi-criteria analysis, using a variety of typical financial analysis techniques, for optimum selection and application of a given project appraisal to meet specific business objectives
  • LO8. analyse various funding options and their effective selection and management in order to ensure the project's business objectives
  • LO9. demonstrate financial modelling vis-a-vis strategic analysis techniques including development of a framework for sensitivity analysis such as risk identification, minimisation, allocation, documentation and management in economic appraisal
  • LO10. effectively manage selected project financial objectives incorporating economics and non-economic based project appraisal techniques during planning, implementation and operation phases of the project to ensure that the objectives are met or exceeded.

Graduate qualities

The graduate qualities are the qualities and skills that all University of Sydney graduates must demonstrate on successful completion of an award course. As a future Sydney graduate, the set of qualities have been designed to equip you for the contemporary world.

GQ1 Depth of disciplinary expertise

Deep disciplinary expertise is the ability to integrate and rigorously apply knowledge, understanding and skills of a recognised discipline defined by scholarly activity, as well as familiarity with evolving practice of the discipline.

GQ2 Critical thinking and problem solving

Critical thinking and problem solving are the questioning of ideas, evidence and assumptions in order to propose and evaluate hypotheses or alternative arguments before formulating a conclusion or a solution to an identified problem.

GQ3 Oral and written communication

Effective communication, in both oral and written form, is the clear exchange of meaning in a manner that is appropriate to audience and context.

GQ4 Information and digital literacy

Information and digital literacy is the ability to locate, interpret, evaluate, manage, adapt, integrate, create and convey information using appropriate resources, tools and strategies.

GQ5 Inventiveness

Generating novel ideas and solutions.

GQ6 Cultural competence

Cultural Competence is the ability to actively, ethically, respectfully, and successfully engage across and between cultures. In the Australian context, this includes and celebrates Aboriginal and Torres Strait Islander cultures, knowledge systems, and a mature understanding of contemporary issues.

GQ7 Interdisciplinary effectiveness

Interdisciplinary effectiveness is the integration and synthesis of multiple viewpoints and practices, working effectively across disciplinary boundaries.

GQ8 Integrated professional, ethical, and personal identity

An integrated professional, ethical and personal identity is understanding the interaction between one’s personal and professional selves in an ethical context.

GQ9 Influence

Engaging others in a process, idea or vision.

Outcome map

Learning outcomes Graduate qualities
No changes have been made since this unit was last offered.


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