KA7065 - Project Feasibility and Economics

This module will allow you to develop the relevant subject knowledge. You will learn through a combination of engaging, interactive methodologies and teaching approaches, including lectures, seminars, academic staff-guided independent learning, independent student learning, and by engagement in technologically-enhanced learning (TEL). A directed study of textbooks will support formally scheduled teaching, PSRB reports and scholarly journal articles (hard copy or electronic), critical evaluation of case studies, problem-based learning, simulation and reflection exercises. Additional formally scheduled teaching approaches will include video presentations, peer group discussions and presentations. The module will also use an inter-disciplinary approach to the development of the syllabus and teaching resources.

Academic staff will provide guidance, 1-2-1 support (where possible), or use interactive asynchronous online peer support forums on the University’s virtual learning environment (VLE) to support you in your studies. Academic staff will use guided independent learning activities, e.g., directed reading. You will supplement this structured support with independent learning activities.

All modules at Northumbria include a range of reading materials that students are expected to engage with. Online reading lists (provided after enrolment) give you access to your reading material for your modules. The Library works in partnership with your module tutors to ensure you have access to the material that you need.

Knowledge & Understanding:

1. Distinguish the economic perceptions of business organisations as clients/sponsors, professional advisors (independent practice), and contracting organisations.
2. Reconcile the different economic perspectives relevant to demand, supply, costs and revenues and the operation of markets.
3. Articulate a broad awareness of economics and project economics nomenclature.

Intellectual / Professional skills & abilities:
4. Develop your skills in recommending appropriate strategies for 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):

You will be expected to develop ethical awareness by:

5. Develop and reinforce 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.

Formative Assessment
Academic staff on the module will assess you in a formative manner to help build your confidence and highlight any misunderstandings you may have of the theoretical and professional concepts presented in the module. Your formative feedback will be given to you either verbally by academic staff on the module during formally-scheduled teaching sessions or digitally using the University’s VLE. Your formative feedback aims to help you learn and prepare for the submission of your summative assessment.

Summative Assessment
Academic staff on the module will assess you in a summative manner by one piece of coursework. Academic staff on the module will use the coursework to evaluate your ability to satisfy all the module’s learning outcomes. You will use the University’s VLE to submit your coursework. Academic staff on the module will use digital feedback tools to issue your feedback.

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This module will provide a general introduction to the subject matter of project economics located within the project environment; the relevant and applicable financial drivers affecting project procurement and contracts, where these are essential to the framing of the context within which a project may be delivered. This module goes to assist in defining the levels of responsibility and directions of accountability required of a project manager. The module will prepare and give you the grounding for future employment. Employers are looking for graduates with project feasibility and economics skills who can work as individuals and as members of a team in tackling problems and at the same time being able to make difficult decisions relating to the project.