This module is to develop and awareness of the nature, content, and significance of cost control and cost planning. Also teach about the awareness of the effect of design variables in obtaining an economical design. I have learned the important role and responsibilities of Quantity Surveyors in the overall development process. The purpose and important of cost control in a project during pre-construction and post construction stage. I also learned to be able to explain various methods of pre-tender estimating. Learning how cost of buildings can be influence and the important for design economic.
The assignment of this module is to prepare a cost planning based on the information given. I find this assignment quite challenging especially when the information given is very limited, and we have to fully understand the tricky part of the question in order to generate a quality cost plan as required by our lecturer.
This module is the hardest one for me in this semester. I find it very it difficult to understand both the theory and the calculation part. Especially all those formula or the methods of calculation in cash flow, discounted cash flow, internal rate of return, investment method of valuation, residual method of valuation and whole life costing.
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