Schack Institute of Real Estate
App Proj:Planng, Control & Completion Strategies
This project-oriented capstone course teaches the project executive the fundamental principles of risk and decision analysis applying such models as Baysian Theory, decision theory, utility theory, and modeling management's value system and simulation. Students are challenged to understand construction as a process and to develop management skills based on systematic, logical analysis of available resources and imposed constraints. Students apply skills and knowledge to formulate a theoretical construction company and estimate, evaluate, plan and administer an actual construction project. They also review the importance of ensuring quality throughout all phases of the project.