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RMK 153

PRINCIPLES OF CONSTRUCTION ECONOMICS

Sr Dr Muneera Esa
Construction Project Management
WELCOME
TO CLASS!
Today's Agenda

Know the topics, lessons, activities,


assessments system that will be used
throughout the whole course.

Understand the common nature of current


practice and business in the construction

industry in Malaysia and around the world,


and to recognise and appreciate the
future vision (the change).
Reference books
http://www.lib.usm.my/index.php/en/
CLASS OBJECTIVES
AND RULES
Expectations and outcomes

attendance is required, participation is


mandatory Assessment: Pass or fail? What is the grading
“.... Students will be barred from sitting for the system looks like? How to target grade at the
final examination if they do not fulfil the course end of the semester? How many quizzes,
requirements, such as absence from lectures and activities and assignments?
tutorials of at least 70%, and have not Guide to assignment: plagiarism, writing rules
completed/fulfilled the required components of and referencing/citations
coursework.” You are responsible for your success!
GRADING
SYSTEM

60% - coursework
40% - exam
WRITING
GENERAL STRUCTURE OF (REPORT, ESSAY) WRITING:

• Title page
• Table of contents
• Abstract/summary
• Introduction
• Body
• Conclusion
• Recommendation
• List of References
• Appendix
REFERENCING WHAT?

visit The Referencing is to avoid plagiarism

• Plagiarism is considered academic theft that


constitutes academic misconduct. If student found
guilty of plagiarism, a mark of zero for the assessment
http://www.lib.usm.my/index. or course will be given.
php/en/
• Plagiarism is direct copy-paste or duplication of the
work (any written published/unpublished materials:
ideas, or concepts from a book, article, report, paper,
artwork, design, drawing, website, another person’s
assignment)
NATURE OF
CONSTRUCTION

risky labour

intensive
Unstable


temporary
complex

environments


I (and some of you)
would say…

costly
details

required to
climate
manufactured
CONTRIBUTION OF CONSTRUCTION INDUSRTY TO A
COUNTRY'S ECONOMY

Production of specific and national basic needs


Provision of fixed capital assets and infrastructure of a
country
Employement generation
Direct contribution to GDP (gross domestic product),
• WHAT IS GDP? WHY IS
IT IMPORTANT?
• MALAYSIA GDP
CONTRIBUTION FROM
CONSTRUCTION.

Malaysia’s construction sector recorded the value of


construction work done of RM35.9 billion in the second
quarter of 2019
How we doing?
KLIA 2
LRT Extension
Penang Second Bridge
Penang Sentral
International Circuit Bahrain

Burj-al-Arab
Dukhan
Highway in Qatar

Dukhan Highwa

New Doha
International
Airport
CONSTRUCTION
MARKET
SECTOR
Commercial Industrial

Residentiall
Infrastructure Energy and
(Transportation) Utilities
CONSTRUCTION TYPE
Additions New Construction

Demolition and
new construction
People
in industry
lets move forward!
Building
Information Augmented
Modelling reality (AR)
modular wearable
construction, robotics
technology drones
IBS

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