Subject Code & Title : LD7163 Evaluating Financial And Contractual Project Decisions
Assessment Type : Essay
Length : 3300 words
Assignment Brief: 1.1 Background information
Over the 8 weeks of lectures and seminars, you will learn about a range of concepts,techniques and methods for performing project appraisal, feasibility and economics. These techniques and methods cover the whole project life cycle of projects from the Concept phase through Development to Operation and Termination.
LD7163 Evaluating Financial And Contractual Project Decisions Essay – Northumbria University Newcastle UK.
You will gain an understanding of: (1) the different facets of feasibility including financial, economic, environmental, and social feasibility; (2) the different economic environments surrounding projects including, macro and micro environments, and regulatory/legal environments, and finally (3) stakeholder environments including the Sponsor,
Professional, and Contracting environments.
Having selected a suitable project with your tutor, you will produce a presentation and report on the project’s financial and contractual decisions. It is expected that at least part of the analysis will include pre-project strategic decisions (e.g. investment analysis) and project tactical decisions (e.g. value management or change management).
This assignment will assess your knowledge and understanding and is specifically focused on economic, financial and contractual project decision making. There will be flexibility allowed in tems of both qualitative and quantitative approaches to analysis. You will required to produce:
1) A Power point presentation on the Project Context, key strategic drivers and notable project challenges experienced.
2) A 4000 word critical evaluation of the project’s decision making both at strategic and tactical levels. This will apply the theories and concepts covered on the course. The evaluation can deal with any or all of the project phases from pre-project,project execution to post project review.
This is an individual assessment and the assessment is worth 100% of the module. It will be submitted and assessed electronically and it addresses Module Learning Outcomes listed below.
Additional instructions to students :-
Throughout the module you will asked to engage in a range of formative assessment tasks. These may be in the classroom or to be completed in between taught sessions.These formative assessment activities are designed to build your knowledge,understanding and ability to apply concepts learned in class.
In order to further equip you with topic specific knowledge and understanding, and help you develop your intellectual skills and abilities in this subject area of financial and contractual management, you are to individually produce a presentation and report of a completed project. Proposed case study projects will be discussed and agreed with the
tutor.
LD7163 Evaluating Financial And Contractual Project Decisions Essay – Northumbria University Newcastle UK.
This assignment will draw on appropriate academic and practitioner literature, and will draw upon the initial pre-investment analyses, the appropriateness of the contracting strategies applied, the form of contract applied and the effectiveness of these delivery decisions.
It is expected that your critical evaluation will be properly structured and supported through ‘academic’ research using appropriate and quality references which are cited correctly throughout. A separate references list must also be provided at the end of the document.
Further Information :
Learning outcomes from the Module Descriptor/Specification:
1.Critically appraise differing economic perceptions of business organisations as clients/sponsors, professional advisors (independent practice), and contracting organizations relevant to demand, supply, costs and revenues and the operation of markets.
2.Critically review a range of concepts, techniques and methods for performing project appraisal and feasibility investigations across the whole project life cycle of projects from the concept phase through development to operation and termination
3.Discuss the key elements of internationally recognised contracts, the laws of obligation, the fundamental aspects in their administration and aspects of dispute resolution.
Intellectual / Professional Skills & Abilities :
4.Recommend appropriate strategies for project selection and effective financial control in competition / collaboration; public/private sector interactions, and in the interpretation of economic data for resource forecasting.
Personal Values Attributes (Global / Cultural awareness, Ethics, Curiosity) (PVA):
LD7163 Evaluating Financial And Contractual Project Decisions Essay – Northumbria University Newcastle UK.
5.Developing and reinforcing the ethical characteristics of a Northumbria graduate as you consider the values that underpin ethical approaches to project feasibility and justification. You will have the opportunity to reflect on how these are linked to your own values.
Assessment criteria / marking scheme:
Power point presentation: This presentation will set out the context of the case-study project selected along with the key strategic drivers, the governance structures and the challenges faced. The clarity and conciseness of this presentation with the coverage of the required content.
Case-Study Report :-
o Executive Summary: Comprehensively and succinctly summarising the content of the full report
o Decision-Making Evaluation: The focus, precision and quality of the analysis which demonstrates both understanding and creativity in the critical evaluation of the decision making (potentially focusing on the decision to invest in the project, the contract strategy etc. ).
o Quality of Presentation: The work should set out its arguments in a clear and consise manner with specific care to ensure readability, good sentence structure, avoidance of jargon and explanation of acronyms, etc.Consideration should be give to the appropriate structure, with the formation of thematic paragraphs to create a logically flowing report. It will be beneficial to support the text with appropriate figures and tables. This also requires a suitable and proportionate Reference List.
LD7163 Evaluating Financial And Contractual Project Decisions Essay – Northumbria University Newcastle UK.
o Quality of Conclusion: The conclusion of the work be drawn from the preceding content, and effectively summarize the findings from each part of the decision making that has been evaluated. It should provide relevant recommendations for future practice for this type of project.
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