This subject introduces me the management practices which covers both financial and organisational aspects in relation to construction projects. It also emphasise on the examine of resource-use systems, particularly the finances of a construction project as well as the management of important resources in ensuring quality performance from the project staff. This subject also allow the student to exposed to various terms of finance, which cover financial information systems and capital investments.
Throughout the whole semester, I am now able to identify the appropriateness of financial management systems for different construction projects and implement the accountancy principles and practices in examining the construction company's finances and accounts. I am now also able to define the appropriate cost control structure and technology in ensuring the quality management and total quality management (TQM) of the entire construction performance. Able to apply capital investment techniques in analyzing the cost & benefits for particular construction projects.
The assignment given also allows me to understand how to identify the financial report of a company.
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