Course Details

Economics and Management of Construction Projects

Academic Year 2026/27

BVA030-A course is part of 1 study plan

​ BPA-SIS Winter Semester 1st year

Credits

4 credits

Language of instruction

English

Semester

winter

Course Guarantor

doc. Ing. Tomáš Hanák, Ph.D.

Institute

Institute of Structural Economics and Management

Forms and criteria of assessment

course-unit credit and examination

Aims

Knowledge
  • The student can characterize construction projects, explain related economic and managerial aspects at a basic level.
  • The student is familiar with the areas of costs, revenues, prices, financial management and behavioural competencies.
Skills
  • The student can analyse a project from the perspective of its project phases and stakeholders, interpret basic aspects of investment decision-making and perform project decomposition.
  • The student is able to apply basic principles of financial management and price calculations.
Competences
  • The student is able to include basic economic and managerial considerations in the preparation and implementation of construction projects, to apply selected basic methods and principles of project management, including the issue of teamwork.

Basic Literature

MYERS, Danny. Construction economics: a new approach (3rd edition). 2013. Routledge. ISBN: 978-0415527798. (en)
WATT, Adrienne a kol. Project Management – 2nd Edition. BCCAMPUS VICTORIA, B.C. Ebook. 2014. ISBN: 978-1-77420-013-1. https://opentextbc.ca/projectmanagement/ (en)

Offered to foreign students

To offer to students of all faculties

Course on BUT site

https://www.vut.cz/en/students/courses/detail/299085

Lecture

13 weeks, 2 hours/week, elective

Syllabus

  1. Project goals, development, construction projects according to the type of investor
  2. Construction project and its specifics, project phases
  3. Construction project stakeholders, organizational structure, roles and responsibilities
  4. Investments and investment decision-making, project cash flows, business case
  5. Investment costs, project operating revenues and project operating costs
  6. Project decomposition, project time planning
  7. Basic production factors - material, machinery, labour
  8. Corporate finance and accounting, revenues, costs and profit creation
  9. Price calculation and construction budget
  10. Financial management of a construction project, controlling
  11. Marketing of a construction project from the perspective of the investor and supplier
  12. Behavioural competencies - management styles
  13. Behavioural competencies - team and teamwork

Exercise

13 weeks, 2 hours/week, compulsory

Syllabus

  1. Introduction to the issue, teaching program, instructions and guidelines.
  2. Project goals and phases
  3. Stakeholder analysis
  4. Investments, business case
  5. Investments, costs and revenues of the project
  6. Decomposition of the project into WBS and schedule
  7. Basic production factors - material, machines, labour force
  8. Corporate finance and accounting
  9. Price calculations and construction budgets
  10. Financial management, controlling
  11. Marketing
  12. Behavioural competencies
  13. Credit test, credit

Self-study

26 weeks, 1 hours/week

Individual preparation for an ending of the course

26 weeks, 1 hours/week