Course detail

Economic Tools for Building Production Management

FAST-CV014Acad. year: 2018/2019

The company needs economic tools for the management of the relation between production costs and sale prices to achieve the production profit. The basic tool is the quality organization of the production. The combination of productive factors regarding their costs on the one side and assurance of the sale on the second side is the supposition of the production efficiency. Determinative is the choice of production activities of the construction company salable on the construction market and bringing the profit. The important economic tool there are prices that must cover costs and to ensure the profit.

Language of instruction

Czech

Number of ECTS credits

4

Mode of study

Not applicable.

Guarantor

doc. Ing. Tomáš Hanák, Ph.D.

Department

Institute of Structural Economics and Management (EKR)

Learning outcomes of the course unit

Gaining knowledge about the basic disciplines of business economics with a focus on construction. The ability to understand the economics of building production in pricing with regard to the conditions of the construction market. The acquisition of basics kills, particular in the field of contractual relations, contractor, customer, wages, finances, taxes, and investments in the construction company. The ability to compile bill of costs for the assessment of a structure. The ability to assemble the unit price works using cost-benefit calculation. The ability to orientate in the construction field and obtain information about financial resources for construction investment.

Prerequisites

Knowledge of economics and principles of company’s economy

Co-requisites

Construction and technical knowledge related to the construction proces, quality management systems.

Planned learning activities and teaching methods

The course is taught through lectures, practical classes and self-study assignments. Attendance at lectures is optional, but attendance at classes is compulsory.

Assesment methods and criteria linked to learning outcomes

Knowledge acquired is written. Successful completion of the acquisition min.50 points. The rating is partially supplemented by an oral examination. Skills assessment is in exercises and attendance, written and presentation of term paper


Course curriculum

1. Business plan in construction sector
2. Construction company and production
3. Management of costs for material, stocks
4. Management of costs for the labor power
5. Management of costs for production machines and machinery
6. Valuation of production, prices in construction
7. Investments
8. Company’s finances
9. Taxes, accounting and operational evidence
10. Marketing
11. Systems of organization in the company, types of companies´ association
12. Benchmarking, management of costs for the production regarding the competitive ability of the company
13. Panning spheres and system of plans control, documentation of changes

Work placements

Not applicable.

Aims

Cross-sectional subject, whose objective it is to introduce to students selected economic tools for the building production management.

Specification of controlled education, way of implementation and compensation for absences

Extent and forms are specified by guarantor’s regulation updated for every academic year.

Recommended optional programme components

Not applicable.

Prerequisites and corequisites

Not applicable.

Basic literature

Not applicable.

Recommended reading

Not applicable.

Classification of course in study plans

  • Programme N-P-E-SI (N) Master's

    branch R , 1. year of study, winter semester, compulsory

  • Programme N-P-C-SI (N) Master's

    branch R , 1. year of study, winter semester, compulsory

  • Programme N-K-C-SI (N) Master's

    branch R , 1. year of study, winter semester, compulsory

Type of course unit

 

Lecture

26 hours, optionally

Teacher / Lecturer

doc. Ing. Tomáš Hanák, Ph.D.

Syllabus

1. Business plan in construction sector
2. Construction company and production
3. Management of costs for material, stocks
4. Management of costs for the labor power
5. Management of costs for production machines and machinery
6. Valuation of production, prices in construction
7. Investments
8. Company’s finances
9. Taxes, accounting and operational evidence
10. Marketing
11. Systems of organization in the company, types of companies´ association
12. Benchmarking, management of costs for the production regarding the competitive ability of the company
13. Panning spheres and system of plans control, documentation of changes

Exercise

26 hours, compulsory

Teacher / Lecturer

doc. Ing. Tomáš Hanák, Ph.D.

Syllabus

1. Assignment of semestral work
2. Marketing Analysis
3. Costs of materials
4. Costs of wages
5. Transport costs
6-7. Calculation of the price of construction work
8. Investment evaluation
9. Price sensitivity analysis
10. Calculation of break-even point
11. The overall evaluation of the investment
12. Presentation of work
13. Handing in and final control