Course detail

Economics and Management of Construction Projects

FAST-BVA030-AAcad. year: 2026/2027

Not applicable.

Language of instruction

English

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)

Offered to foreign students

Of all faculties

Entry knowledge

Not applicable.

Rules for evaluation and completion of the course

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.

Study aids

Not applicable.

Prerequisites and corequisites

Not applicable.

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)

Recommended reading

Not applicable.

Classification of course in study plans

  • Programme BPA-SIS Bachelor's 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. 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

26 hours, compulsory

Teacher / Lecturer

doc. Ing. Tomáš Hanák, Ph.D.

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

Individual preparation for an ending of the course

26 hours, optionally

Teacher / Lecturer

doc. Ing. Tomáš Hanák, Ph.D.

Self-study

26 hours, optionally

Teacher / Lecturer

doc. Ing. Tomáš Hanák, Ph.D.