Basics of Construction Economics and Project Management (5 ECTS)

Objective

On completion of the course the student:
• understands the basics of project management and takes them into consideration when planning a project
• recognises the risks related to construction projects
• can explain the meaning of construction for society, list the different branches of construction and explain their shares in the industry
• can list the parties and the stages of a construction project
• can explain the main contents of each stage and the roles of the user, planner, contractor, public authority, machine and equipment supplier.

Content

• Project as a concept
• Project types
• Project management plan
• Project management and its components
• Risk analyses
• Construction and society
• Stages and parties in a construction project
• Contracts and major documents in construction
• Cost management, emphasis on contract cost estimation
• Site supervision and occupational health and safety
• Quality control and environmental issues

Location and time

The course (lectures, exam, and retake exams) will be conducted between January 16, 2025, and May 22, 2025, at the Myllypuro Campus. The lecture schedule can be found in the timetable using the implementation code.

Materials

Topics covered in the lectures and lecture handouts (uploaded to Oma)
Additional materials will be announced during the lectures and in the course workspace

Teaching methods

The lectures will be conducted as in-person teaching in the class room. A Zoom workplace is available, but its functionality cannot be guaranteed. Attendance at the lectures is not mandatory, but participation in in-person teaching is recommended. The course includes mandatory assignments that must be successfully completed to pass the course. Completing these without attending in-person sessions is challenging. The course grade will be based on an exam. The course platform is Metropolia Oma.

Employer connections

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Exam schedules

The exam will be held in a classroom.
Exam: April 24, 2025, from 8:00 to 10:30.
First retake: May 8, 2025, from 8:00 to 10:30.
Second retake: May 22, 2025, from 8:00 to 10:30.

International connections

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Completion alternatives

No alternative completion methods

Student workload

5 credits. Includes 135 hours of student workload.

Content scheduling

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Further information

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Evaluation scale

0-5

Assessment criteria, satisfactory (1)

The student
• is aware of the key areas of project management
• is able to identify the risks related to construction projects
• is aware of the importance of construction in society, the different branches of construction and their shares in the industry
• is able to list the different parties and phases of a construction project
• is able to list the main contents and parties of the phases of a construction project.

Assessment criteria, good (3)

The student is able to
• explain the key areas of project management
• describe the risks related to construction projects
• describe the importance of construction in society, the different branches of construction and their shares in the industry
• list the different parties and phases of a construction project
• explain the main contents and parties of the phases of a construction project.

Assessment criteria, excellent (5)

The student has an excellent ability to apply the previous points to simple projects.

Assessment criteria, approved/failed

The student
• is aware of the key areas of project management
• is able to identify the risks related to construction projects
• is aware of the importance of construction in society, the different branches of construction and their shares in the industry
• is able to list the different parties and phases of a construction project
• is able to list the main contents and parties of the phases of a construction project.

Assessment methods and criteria

Exam. Exercises graded as pass/fail. Completing the course requires the successful completion of all exercises, passing the exam, and active participation in lectures. Exercises must be completed and submitted by the deadlines announced during the course. Submitting exercises after the course has ended is not possible.

Qualifications

No prerequisites