Project Management and Cost Engineering FM3110

Learning outcome

A candidate who has passed the course should have a learning outcome in the form of acquired knowledge, skills, and general competence, as described below.


The candidate:

  • knows the terminology used in multi-disciplinary project management and in cost engineering
  • understands the interaction between different diciplines in multi-disciplinary project management
  • can explain how life-cycle analyses are used to handle environmental aspects of multi-disciplinary project management


The candidate:

  • is able to carry out investment analyses
  • is able to perform cost estimates with focus on early phase estimates in multi-disciplinary projects
  • Is able to structure, organize and schedule multi-disciplinary projects, including project control

General competence

The candidate:

  • is prepared for carrying out multi-disciplinary projects in industry and process development
  • is able to combine competence from the courses of the study programme with the knowledge and skills of cost engineering to obtain cost-effective process solutions

Course Description

  • Definition of project and project management
  • Phases in projects and different estimate types
  • Project stakeholders and definition of project objectives
  • Project organizations
  • The construction process
  • Contracts and contract Formats
  • Payment forms
  • Introduction to environmental management principles, including Life-Cycle Analysis
  • Net present value analysis
  • Cost estimation and cost control
  • Time scheduling
  • Scope Analysis
  • Work Breakdown Structures (WBS)
  • Project Control

Assessment Methods

The final test counts 100 %. All homework assignments and exercises in the course are, however, relevant for the final test.

Minor adjustments may occur during the academic year, subject to the decision of the Dean

Publisert av / forfatter Unni Stamland Kaasin <> - 12/01/2013