The unit will develop skills and techniques to assess and manage project feasibility in general and its financial viability in particular. The associated role and objectives of project managers and developers will be investigated. Market analysis and sound financial decision making techniques will be addressed. Topics include: financial management of projects, project marketing, land and property valuation techniques; and developing criteria to underpin financial decision making processes that incorporate factors such as macro-economic conditions, market surveys and predictions.

Unit details

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Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Generalise project development processes to assess feasibility and financial viability of projects;  
  2. Identify the conditions inherent in a complex project and propose and justify the additional requirements for such projects;  
  3. Critically review the role and objectives of developers and project managers in various project management scenarios;  
  4. Undertake an investment analysis to assess the viability of a project;  
  5. Predict and defend the potential of a project based on extensive research and investigation; and  
  6. Conceptually map decision-making models which incorporate various tools and techniques and recommend their potential applications.  


Assessment type Description Grade
Assignment Individual Assignment (2000 words) 20%
Project Group Project (3000 words per student plus 5 minutes presentation by each student) 30%
Examination Examination (3 hours) 50%

Required reading

IThe capital budgeting decision:. economic analysis and financing of investment projects 9
Bierman H. & Smidt S (2006)

Recommended text: Rowland P.J Property investments and their financing 2 North Ryde, N.S.W. : LBC Information Services Whipple R.T.M. (2008) Property Valuation & analysis 1 Law Book Company, Sydney Standard Australia (1999) AS/NZS 4536:1999: Life Cycle Costing - An application guide 1999 Standard Australia

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