KA7065 - Project Feasibility and Economics

What will I learn on this module?

In this module, you will learn the various economic environments surrounding project organisations and project delivery, and examine the resources and constraints relating to financial decision-making for project formulation, initiation, delivery, and review. This module goes to assist in defining the levels of responsibility and directions of accountability required of a project manager. Themes that may be covered include the sponsor economic environment: general economic theory; financial reportage, ratio analysis, determinants for solvency, business case appraisals, sources of finance and funding, project portfolios, the professional economic environment; general economic theory; resourcing, scheduling, forecasting (risk and uncertainty), cash flow and professional services marketing, the contracting economic environment: general economic theory; budgeting and cost management, labour and earned value analysis, and social, economic environments: public and private sector distinctions.

How will I learn on this module?

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.

How will I be supported academically on this module?

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.

What will I be expected to read on this module?

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.

What will I be expected to achieve?

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.

How will I be assessed?

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.

Pre-requisite(s)

None

Co-requisite(s)

None

Module abstract

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.

Course info

Credits 20

Level of Study Postgraduate

Mode of Study 16 months Full Time
2 other options available

School Architecture and Built Environment

Location City Campus, Northumbria University

City Newcastle

Start January

Fee Information

Module Information

Accuracy of information

All information is accurate at the time of sharing.

How your course is delivered

Full time Courses are primarily delivered via on-campus face to face learning but could include elements of online learning.

Changes to your course

Most courses run as described on our website and in our marketing materials. Occasionally we may need to make changes, for example due to a change in the law or regulatory requirements, requirements of a Professional, Statutory or Regulatory Body, or our quality assurance processes. Where a change is significant (in line with the Competition and Markets Authority's guidance on "substantial changes"), we will consult with affected students in advance where the change is being decided, and will explain the reason for the change and inform you at the earliest opportunity.

If we make a significant variation to your programme, you are entitled to: request a transfer to an alternative, appropriate programme; withdraw and have your tuition fees adjusted; or raise a complaint through the Student Complaints Procedure.

Optional modules listed on course pages may be subject to change depending on uptake numbers each year. Where a module you selected is withdrawn, the options above apply.

Contact time

Contact time is subject to increase or decrease in line with possible restrictions imposed by the government or the University in the interest of maintaining the health and safety and wellbeing of students, staff, and visitors if this is deemed necessary in future.

Images and video

The photography and video on this page are used for illustration. They may have been taken at different times and in different parts of the University, and may show facilities, equipment, staff, students or activities that are not part of this course. They are not a guarantee of the specific facilities or equipment you will use.

The course content, entry requirements and fees sections of this page, together with the Programme Specification, set out what this course includes. Our facilities are updated over time and may change during your studies.

Useful Links

Find out about our distinctive approach at
www.northumbria.ac.uk/exp

Admissions Terms and Conditions
northumbria.ac.uk/terms

Fees and Funding
northumbria.ac.uk/fees

Admissions Policy
northumbria.ac.uk/adpolicy

Admissions Complaints Policy
northumbria.ac.uk/complaints

Any Questions?

Our Applicant Services team will be happy to help. They can be contacted on 0191 406 0901 or by using our Contact Form.

Accuracy of information

All information is accurate at the time of sharing.

How your course is delivered

Full time Courses are primarily delivered via on-campus face to face learning but could include elements of online learning.

Changes to your course

Most courses run as described on our website and in our marketing materials. Occasionally we may need to make changes, for example due to a change in the law or regulatory requirements, requirements of a Professional, Statutory or Regulatory Body, or our quality assurance processes. Where a change is significant (in line with the Competition and Markets Authority's guidance on "substantial changes"), we will consult with affected students in advance where the change is being decided, and will explain the reason for the change and inform you at the earliest opportunity.

If we make a significant variation to your programme, you are entitled to: request a transfer to an alternative, appropriate programme; withdraw and have your tuition fees adjusted; or raise a complaint through the Student Complaints Procedure.

Optional modules listed on course pages may be subject to change depending on uptake numbers each year. Where a module you selected is withdrawn, the options above apply.

Contact time

Contact time is subject to increase or decrease in line with possible restrictions imposed by the government or the University in the interest of maintaining the health and safety and wellbeing of students, staff, and visitors if this is deemed necessary in future.

Images and video

The photography and video on this page are used for illustration. They may have been taken at different times and in different parts of the University, and may show facilities, equipment, staff, students or activities that are not part of this course. They are not a guarantee of the specific facilities or equipment you will use.

The course content, entry requirements and fees sections of this page, together with the Programme Specification, set out what this course includes. Our facilities are updated over time and may change during your studies.

Accessibility and Student Inclusion

Northumbria University is committed to developing an inclusive, diverse and accessible campus and wider University community and are determined to ensure that opportunities we provide are open to all.

We are proud to work in partnership with AccessAble to provide Detailed Access Guides to our buildings and facilities across our City, Coach Lane and London Campuses. A Detailed Access Guide lets you know what access will be like when you visit somewhere. It looks at the route you will use getting in and what is available inside. All guides have Accessibility Symbols that give you a quick overview of what is available, and photographs to show you what to expect. The guides are produced by trained surveyors who visit our campuses annually to ensure you have trusted and accurate information.

You can use Northumbria’s AccessAble Guides anytime to check the accessibility of a building or facility and to plan your routes and journeys. Search by location, building or accessibility feature to find the information you need.

We are dedicated to helping students who may require additional support during their student journey and offer 1-1 advice and guidance appropriate to individual requirements. If you feel you may need additional support you can find out more about what we offer here where you can also contact us with any questions you may have:

Accessibility support

Student Inclusion support