L1 - Class Intro
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CVEN 640: Project Development: Methods and Models Lecture 1: Class Introduction Spring 2009 Dr. Ivan Damnjanovic
Teaching Tuesday
/ Thursday 14:30 to 15:35, CE 217
Instructor:
Dr. Ivan Damnjanovic
Office: 705-C CE/TTI Building Office Hours: Tuesday / Thursday 4:00pm to 5:00pm or by appointment. Phone: (979) 862-6616 Email: [email protected] Web: http://ceprofs.tamu.edu/idamnjanovic/
Required Textbook
“Real Options: Managerial Flexibility and Strategy in Resource Allocation” by Lenos Trigeorgis The MIT Press
Prerequisites STAT
211 or STAT 601
Background
knowledge in:
Probability and statistics Engineering economics Optimization
Assignments and Exams
Approximately 6 assignments:
Submitted in the form of Technical Memoranda Graded based on the content and the clarity of presented information Make sure you explain the notation If you need to type in formula, you MUST use MS Equation Editor or Mathtype
Exam
Tentatively scheduled for March 24, 2008 In-class
Assignments Due on specified day before class starts. Late submissions w/in 24 hours get ½ credit. Submit hard copy only unless otherwise specified. Work individually unless otherwise specified. Graded assignments can be picked up in class or in my office. Special Group Assignment 2 - YouTube
Group Term Paper (groups of 2 -3) Steps
in developing Term Paper:
One-page term paper proposal Literature review summary Proposed methodological framework Case study and discussion Draft paper using ASCE paper format: http://www.pubs.asce.org/authors/AuthorGuideJournals.pdf
Present paper
Group Term Paper (groups of 2 -3) Term
paper grade will be based on:
Validity of the methodological approach Confirmation to the set guidelines Clarity of the expressions in written report Understanding of the covered concepts Ability to present the paper in an effective manner
More
information and timeline will be provided later
Aggie Honor Code
Must be adhered to Violators will handled in accordance with the Aggie Honor System Process
Grading Scale A: 90% - 100% B: 80% - 89% C: 70% - 79% D: 60% - 69% F: below 60%
Grading Breakdown %
Class Participation Assignments Exam Term Paper TOTAL
5 40 15 40 100
Questions?
Introduction of Students Name Area
of Interest Brief Background Class Expectations
Class Objectives Describe
components of commercial project development Identify and analyze commercial opportunities Explain project development process Develop preliminary business and financial plans Identify project performance measures
Class Objectives Identify,
quantify and manage project risks Evaluate project real options Develop exist strategies Develop life-cycle revenue and cost management strategies Analyze project cash-flow and financing methods Develop skills for conducting research
What is a project? “A project is a temporary endeavor undertaken to create a unique product or service.” “An undertaking that encompasses a set of tasks or activities having a definable starting point and well defined objectives.”
What is a project? “A planned undertaking of related activities to reach an objective that has a beginning and an end.” “A unique venture with a beginning and an end, undertaken by people to meet established goals within defined constraints of time, resources, and quality.”
Common Characteristics of a Project It
is unique It is temporary; it has a beginning and an end It has a clear goal and objectives It involves a series of activities It needs resources It is a joint or combined venture
…and we have different type of projects
Apollo Project
OBJECTIVE: LAND ON THE MOON MISSION ACCOMPLISHED!
More Civil Engineering Projects
…now more revenue-generating projects
Panama Channel
Millau Bridge
Revenue-generating Projects What
are revenue-generating projects? Projects that can create revenue! Objective: Make Profit The concern of this class are the projects where the major revenue-generating assets are civil engineering structures. What
are the common types of such projects?
Examples Toll
Roads, Toll Bridges Pipelines Real estate projects (housing, office space) Power plants Transmission lines Oil platforms Others
Key Players Contractors Investment
Banks Large Institutional Investors Public Agencies Material and Equipment Providers Insurance Credit Rating Agencies
Role of Engineers Didn’t
change; plan, design, construct, and maintain civil engineering structures
However,
those decisions need to be coordinated to maximize the project objectives: MAKE PROFIT!
Teaching Tuesday
/ Thursday 14:30 to 15:35, CE 217
Instructor:
Dr. Ivan Damnjanovic
Office: 705-C CE/TTI Building Office Hours: Tuesday / Thursday 4:00pm to 5:00pm or by appointment. Phone: (979) 862-6616 Email: [email protected] Web: http://ceprofs.tamu.edu/idamnjanovic/
Required Textbook
“Real Options: Managerial Flexibility and Strategy in Resource Allocation” by Lenos Trigeorgis The MIT Press
Prerequisites STAT
211 or STAT 601
Background
knowledge in:
Probability and statistics Engineering economics Optimization
Assignments and Exams
Approximately 6 assignments:
Submitted in the form of Technical Memoranda Graded based on the content and the clarity of presented information Make sure you explain the notation If you need to type in formula, you MUST use MS Equation Editor or Mathtype
Exam
Tentatively scheduled for March 24, 2008 In-class
Assignments Due on specified day before class starts. Late submissions w/in 24 hours get ½ credit. Submit hard copy only unless otherwise specified. Work individually unless otherwise specified. Graded assignments can be picked up in class or in my office. Special Group Assignment 2 - YouTube
Group Term Paper (groups of 2 -3) Steps
in developing Term Paper:
One-page term paper proposal Literature review summary Proposed methodological framework Case study and discussion Draft paper using ASCE paper format: http://www.pubs.asce.org/authors/AuthorGuideJournals.pdf
Present paper
Group Term Paper (groups of 2 -3) Term
paper grade will be based on:
Validity of the methodological approach Confirmation to the set guidelines Clarity of the expressions in written report Understanding of the covered concepts Ability to present the paper in an effective manner
More
information and timeline will be provided later
Aggie Honor Code
Must be adhered to Violators will handled in accordance with the Aggie Honor System Process
Grading Scale A: 90% - 100% B: 80% - 89% C: 70% - 79% D: 60% - 69% F: below 60%
Grading Breakdown %
Class Participation Assignments Exam Term Paper TOTAL
5 40 15 40 100
Questions?
Introduction of Students Name Area
of Interest Brief Background Class Expectations
Class Objectives Describe
components of commercial project development Identify and analyze commercial opportunities Explain project development process Develop preliminary business and financial plans Identify project performance measures
Class Objectives Identify,
quantify and manage project risks Evaluate project real options Develop exist strategies Develop life-cycle revenue and cost management strategies Analyze project cash-flow and financing methods Develop skills for conducting research
What is a project? “A project is a temporary endeavor undertaken to create a unique product or service.” “An undertaking that encompasses a set of tasks or activities having a definable starting point and well defined objectives.”
What is a project? “A planned undertaking of related activities to reach an objective that has a beginning and an end.” “A unique venture with a beginning and an end, undertaken by people to meet established goals within defined constraints of time, resources, and quality.”
Common Characteristics of a Project It
is unique It is temporary; it has a beginning and an end It has a clear goal and objectives It involves a series of activities It needs resources It is a joint or combined venture
…and we have different type of projects
Apollo Project
OBJECTIVE: LAND ON THE MOON MISSION ACCOMPLISHED!
More Civil Engineering Projects
…now more revenue-generating projects
Panama Channel
Millau Bridge
Revenue-generating Projects What
are revenue-generating projects? Projects that can create revenue! Objective: Make Profit The concern of this class are the projects where the major revenue-generating assets are civil engineering structures. What
are the common types of such projects?
Examples Toll
Roads, Toll Bridges Pipelines Real estate projects (housing, office space) Power plants Transmission lines Oil platforms Others
Key Players Contractors Investment
Banks Large Institutional Investors Public Agencies Material and Equipment Providers Insurance Credit Rating Agencies
Role of Engineers Didn’t
change; plan, design, construct, and maintain civil engineering structures
However,
those decisions need to be coordinated to maximize the project objectives: MAKE PROFIT!
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