PEIGIE LEE
BUILDING ECONOMICS
Building Economics is a module conducted by Sr. Dianne Kok Hui Wei. The aim of this module is to develop an awareness of the nature, content, and significance of cost control, cost planning and understand the roles of project teams towards fulfilling client needs.. This module covers the teaching and understanding of eight main topics which consist of :
1. Concept of Cost Control.
2. Cost Modelling.
3. Building Morphology and Design Economics.
4. Cost Analysis, Indices and data.
5. Detailed Cost Planing.
6. Cost Control.
7. Investment and Development Appraisal.
8. Whole Life Costing
Taylor's Graduate Capabilities
1) Discipline Specific Knowledge
Building Economics is an entire new subject for me and I came to have more comprehensive understanding about cost analysis and cost index, as well as construction cost control. The most significant thing I have learnt in BE is also the power of compound interest and the time value of money!
2) Thinking and Problem Solving Skills
Having the opportunity to work with Sem 6 seniors during the Building Economics Workshop allowed me to learn a lot from them. I believe that analytical and critical thinking skills have developed throughout the process while help us to evaluate the problem and to make decisions. A logical and methodical approach is useful in circumstances when we will need to draw on what we have learnt to identify solutions of a practical or technical nature. In other situations, creativity or lateral thinking is also necessary for us to come up with ideas for resolving the problem and find fresh approaches.
