General Information
This subject builds upon the principles of knowledge established in the subject SSUD12-100 Property Development. The primary purpose of Feasibility Analysis is to allow students to gain the skills to be able to prepare more advanced feasibility studies on property development projects using a variety of case studies and industry accepted feasibility programs. The content considers more complex projects and models their time, cost and value variables and includes a detailed analysis of project risk. The subject will involve a number of guest lecturers to provide detail of real life projects as well as examines how successful developers manage a diverse range of project parameters.
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Details
Academic unit: Faculty of Society & Design Subject code: SSUD13-102 Subject title: Feasibility Analysis Subject level: Undergraduate Semester/Year: January 2023 Credit points: 10.000 -
Delivery & attendance
Timetable: https://bond.edu.au/timetable Delivery mode: Standard Workload items: - Forum: x12 (Total hours: 12) - Weekly Forum
- Tutorial: x12 (Total hours: 24) - Weekly tutorials
- Personal Study Hours: x12 (Total hours: 84) - Recommended study hours
Attendance and learning activities: Attend all sessions. Successful completion of this subject is heavily dependent on participation during all scheduled sessions, so attendance will be monitored. Most sessions build on the content of the previous one. It is difficult for a student to recover if a session is missed. It is the responsibility of the student to catch up on any content missed and to complete set work outside class. It is also necessary for students to engage proactively and contribute positively in discussions, analyses and case studies. The assessments are an important part of developing the knowledge and understanding required to fulfil the minimum requirements of this subject. -
Resources
Prescribed resources: No Prescribed resources.
After enrolment, students can check the Books and Tools area in iLearn for the full Resource List.iLearn@Bond & Email: iLearn@Bond is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student. To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au
| Academic unit: | Faculty of Society & Design |
|---|---|
| Subject code: | SSUD13-102 |
| Subject title: | Feasibility Analysis |
| Subject level: | Undergraduate |
| Semester/Year: | January 2023 |
| Credit points: | 10.000 |
| Timetable: | https://bond.edu.au/timetable |
|---|---|
| Delivery mode: | Standard |
| Workload items: |
|
| Attendance and learning activities: | Attend all sessions. Successful completion of this subject is heavily dependent on participation during all scheduled sessions, so attendance will be monitored. Most sessions build on the content of the previous one. It is difficult for a student to recover if a session is missed. It is the responsibility of the student to catch up on any content missed and to complete set work outside class. It is also necessary for students to engage proactively and contribute positively in discussions, analyses and case studies. The assessments are an important part of developing the knowledge and understanding required to fulfil the minimum requirements of this subject. |
| Prescribed resources: | No Prescribed resources. After enrolment, students can check the Books and Tools area in iLearn for the full Resource List. |
|---|---|
| iLearn@Bond & Email: | iLearn@Bond is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student. To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au |
Enrolment requirements
| Requisites: |
Pre-requisites:Co-requisites:There are no co-requisites |
|---|---|
| Assumed knowledge: |
Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge.
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| Restrictions: |
Nil |
Assurance of learning
Assurance of Learning means that universities take responsibility for creating, monitoring and updating curriculum, teaching and assessment so that students graduate with the knowledge, skills and attributes they need for employability and/or further study.
At Bond University, we carefully develop subject and program outcomes to ensure that student learning in each subject contributes to the whole student experience. Students are encouraged to carefully read and consider subject and program outcomes as combined elements.
Program Learning Outcomes (PLOs)
Program Learning Outcomes provide a broad and measurable set of standards that incorporate a range of knowledge and skills that will be achieved on completion of the program. If you are undertaking this subject as part of a degree program, you should refer to the relevant degree program outcomes and graduate attributes as they relate to this subject.
Subject Learning Outcomes (SLOs)
On successful completion of this subject the learner will be able to:
- Distinguish the various stages of property development from business case, initiation, construction, handover, ownership of buildings and life cycle.
- Understand the complexity and nature of the relationships between all the parties and organisations involved in urban development projects of all kinds.
- Conduct a detailed feasibility study of a complex and demanding real estate project with various stages and multiple functional spaces in both excel and in an industry accepted feasibility software.
- Prepare a case study investigation drawing upon the various stakeholders and their contribution to the successful completion of a major project.
Generative Artificial Intelligence in Assessment
The University acknowledges that Generative Artificial Intelligence (Gen-AI) tools are an important facet of contemporary life. Their use in assessment is considered in line with students’ development of the skills and knowledge which demonstrate learning outcomes and underpin study and career success. Instructions on the use of Gen-AI are given for each assessment task; it is your responsibility to adhere to these instructions.
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Assessment details
Type Task % Timing* Outcomes assessed Computer-Aided Examination (Closed) Computer-Aided Exam in iLearn (closed book). This exam will be held in a computer lab classroom on campus. 50.00% Week 9 1,2,3,4 Analysis§ Construct a detailed feasibility study of a complex and demanding real estate project with various stages and multiple functional spaces by using Estate Master feasibility software. 50.00% Week 12 1,2,3,4 - § Indicates group/teamwork-based assessment
- * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
- C = Students must reach a level of competency to successfully complete this assessment.
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Assessment criteria
Assessment criteria
High Distinction 85-100 Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking. Distinction 75-84 Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas. Credit 65-74 Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above. Pass 50-64 Usually awarded to students whose performance meets the requirements set for work provided for assessment. Fail 0-49 Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines. Quality assurance
For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
| Type | Task | % | Timing* | Outcomes assessed |
|---|---|---|---|---|
| Computer-Aided Examination (Closed) | Computer-Aided Exam in iLearn (closed book). This exam will be held in a computer lab classroom on campus. | 50.00% | Week 9 | 1,2,3,4 |
| Analysis§ | Construct a detailed feasibility study of a complex and demanding real estate project with various stages and multiple functional spaces by using Estate Master feasibility software. | 50.00% | Week 12 | 1,2,3,4 |
- § Indicates group/teamwork-based assessment
- * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
- C = Students must reach a level of competency to successfully complete this assessment.
Assessment criteria
| High Distinction | 85-100 | Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking. |
|---|---|---|
| Distinction | 75-84 | Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas. |
| Credit | 65-74 | Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above. |
| Pass | 50-64 | Usually awarded to students whose performance meets the requirements set for work provided for assessment. |
| Fail | 0-49 | Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines. |
Quality assurance
For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
Study Information
Submission procedures
Students must check the iLearn@Bond subject site for detailed assessment information and submission procedures.
Policy on late submission and extensions
A late penalty will be applied to all overdue assessment tasks unless an extension is granted by the subject coordinator. The standard penalty will be 10% of marks awarded to that assessment per day late with no assessment to be accepted seven days after the due date. Where a student is granted an extension, the penalty of 10% per day late starts from the new due date.
Academic Integrity
University’s Academic Integrity Policy defines plagiarism as the act of misrepresenting as one’s own original work: another’s ideas, interpretations, words, or creative works; and/or one’s own previous ideas, interpretations, words, or creative work without acknowledging that it was used previously (i.e., self-plagiarism). The University considers the act of plagiarising to be a breach of the Student Conduct Code and, therefore, subject to the Discipline Regulations which provide for a range of penalties including the reduction of marks or grades, fines and suspension from the University.
Bond University utilises Originality Reporting software to inform academic integrity.Feedback on assessment
Feedback on assessment will be provided to students within two weeks of the assessment submission due date, as per the Assessment Policy.
Accessibility and Inclusion Support
If you have a disability, illness, injury or health condition that impacts your capacity to complete studies, exams or assessment tasks, it is important you let us know your special requirements, early in the semester. Students will need to make an application for support and submit it with recent, comprehensive documentation at an appointment with a Disability Officer. Students with a disability are encouraged to contact the Disability Office at the earliest possible time, to meet staff and learn about the services available to meet your specific needs. Please note that late notification or failure to disclose your disability can be to your disadvantage as the University cannot guarantee support under such circumstances.
Additional subject information
Subject curriculum
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Introduction and property related financial metrics
Includes key terminology and financial metrics used in the property industry.
SLOs included
- Distinguish the various stages of property development from business case, initiation, construction, handover, ownership of buildings and life cycle.
- Understand the complexity and nature of the relationships between all the parties and organisations involved in urban development projects of all kinds.
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DCF Methodology
Gain an understanding of the time-value of money and the use of discounted cash flow techniques in feasibility analysis for development/investment projects.
SLOs included
- Distinguish the various stages of property development from business case, initiation, construction, handover, ownership of buildings and life cycle.
- Understand the complexity and nature of the relationships between all the parties and organisations involved in urban development projects of all kinds.
- Conduct a detailed feasibility study of a complex and demanding real estate project with various stages and multiple functional spaces in both excel and in an industry accepted feasibility software.
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NPV Methodology
The discussion of DCF techniques are expanded to allow for the determination of NPV and IRR for property development projects.
SLOs included
- Distinguish the various stages of property development from business case, initiation, construction, handover, ownership of buildings and life cycle.
- Understand the complexity and nature of the relationships between all the parties and organisations involved in urban development projects of all kinds.
- Conduct a detailed feasibility study of a complex and demanding real estate project with various stages and multiple functional spaces in both excel and in an industry accepted feasibility software.
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Feasibility Theory - Residual Value Methods
Feasibility Theory - Residual Value Methods.
SLOs included
- Understand the complexity and nature of the relationships between all the parties and organisations involved in urban development projects of all kinds.
- Conduct a detailed feasibility study of a complex and demanding real estate project with various stages and multiple functional spaces in both excel and in an industry accepted feasibility software.
- Prepare a case study investigation drawing upon the various stakeholders and their contribution to the successful completion of a major project.
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Feasibility Theory Part 2
Discussion of the determination of key variables including rental and sales revenue and cost expenditure inputs in property development projects.
SLOs included
- Distinguish the various stages of property development from business case, initiation, construction, handover, ownership of buildings and life cycle.
- Understand the complexity and nature of the relationships between all the parties and organisations involved in urban development projects of all kinds.
- Conduct a detailed feasibility study of a complex and demanding real estate project with various stages and multiple functional spaces in both excel and in an industry accepted feasibility software.
- Prepare a case study investigation drawing upon the various stakeholders and their contribution to the successful completion of a major project.
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Feasibility Theory Part 3
Determination of project objectives and key constraints that must be addressed in determining a potential projects viability.
SLOs included
- Distinguish the various stages of property development from business case, initiation, construction, handover, ownership of buildings and life cycle.
- Understand the complexity and nature of the relationships between all the parties and organisations involved in urban development projects of all kinds.
- Conduct a detailed feasibility study of a complex and demanding real estate project with various stages and multiple functional spaces in both excel and in an industry accepted feasibility software.
- Prepare a case study investigation drawing upon the various stakeholders and their contribution to the successful completion of a major project.
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Cashflow Methods in Feasibility Analysis
Discussion and practice using the RLV, DCF and Residual Accumulation Cash Flow approach to determining project feasibility.
SLOs included
- Distinguish the various stages of property development from business case, initiation, construction, handover, ownership of buildings and life cycle.
- Understand the complexity and nature of the relationships between all the parties and organisations involved in urban development projects of all kinds.
- Conduct a detailed feasibility study of a complex and demanding real estate project with various stages and multiple functional spaces in both excel and in an industry accepted feasibility software.
- Prepare a case study investigation drawing upon the various stakeholders and their contribution to the successful completion of a major project.
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Feastudy and Estate master IA Case Studies
Complete Feastudy and Estate master IA software case studies.
SLOs included
- Distinguish the various stages of property development from business case, initiation, construction, handover, ownership of buildings and life cycle.
- Understand the complexity and nature of the relationships between all the parties and organisations involved in urban development projects of all kinds.
- Conduct a detailed feasibility study of a complex and demanding real estate project with various stages and multiple functional spaces in both excel and in an industry accepted feasibility software.
- Prepare a case study investigation drawing upon the various stakeholders and their contribution to the successful completion of a major project.
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Introduction to Estate Master DF
Introduction to Estate Master DF property development software.
SLOs included
- Distinguish the various stages of property development from business case, initiation, construction, handover, ownership of buildings and life cycle.
- Understand the complexity and nature of the relationships between all the parties and organisations involved in urban development projects of all kinds.
- Conduct a detailed feasibility study of a complex and demanding real estate project with various stages and multiple functional spaces in both excel and in an industry accepted feasibility software.
- Prepare a case study investigation drawing upon the various stakeholders and their contribution to the successful completion of a major project.
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Estate Master DF Part 2
Completion of case studies using Estate Master DF.
SLOs included
- Distinguish the various stages of property development from business case, initiation, construction, handover, ownership of buildings and life cycle.
- Understand the complexity and nature of the relationships between all the parties and organisations involved in urban development projects of all kinds.
- Conduct a detailed feasibility study of a complex and demanding real estate project with various stages and multiple functional spaces in both excel and in an industry accepted feasibility software.
- Prepare a case study investigation drawing upon the various stakeholders and their contribution to the successful completion of a major project.
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Risk Identification and Analysis
Discuss and practice using the major risk analysis and management methods used in property development project feasibility analysis.
SLOs included
- Distinguish the various stages of property development from business case, initiation, construction, handover, ownership of buildings and life cycle.
- Understand the complexity and nature of the relationships between all the parties and organisations involved in urban development projects of all kinds.
- Conduct a detailed feasibility study of a complex and demanding real estate project with various stages and multiple functional spaces in both excel and in an industry accepted feasibility software.
- Prepare a case study investigation drawing upon the various stakeholders and their contribution to the successful completion of a major project.
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Exam Review and Estate Master Certification Quiz
Exam Review and Estate Master Certification Quiz.
SLOs included
- Distinguish the various stages of property development from business case, initiation, construction, handover, ownership of buildings and life cycle.
- Understand the complexity and nature of the relationships between all the parties and organisations involved in urban development projects of all kinds.
- Conduct a detailed feasibility study of a complex and demanding real estate project with various stages and multiple functional spaces in both excel and in an industry accepted feasibility software.