Course Details

Economic Tools for Building Production Management

Academic Year 2022/23

CV014 course is part of 1 study plan

​ N-P-C-SI (N) / R Winter Semester 1st year

The company needs economic tools for the management of the relation between production costs and sale prices to achieve the production profit. The basic tool is the quality organization of the production. The combination of productive factors regarding their costs on the one side and assurance of the sale on the second side is the supposition of the production efficiency. Determinative is the choice of production activities of the construction company salable on the construction market and bringing the profit. The important economic tool there are prices that must cover costs and to ensure the profit.

Credits

4 credits

Language of instruction

Czech

Semester

winter

Course Guarantor

doc. Ing. Tomáš Hanák, Ph.D.

Institute

Institute of Structural Economics and Management

Forms and criteria of assessment

course-unit credit and examination

Entry Knowledge

Ability to orient in economy of building production and in valuation with respect to conditions on building market.

Aims

Cross-sectional subject, whose objective it is to introduce to students selected economic tools for the building production management.

Basic Literature

Synek Miloslav a kolektiv. Manažerská ekonomika. 5., aktualizované a doplněné vydání. 2011, Grada, ISBN: 978-80-247-3494-1 (cs)
Taušl Procházková Petra, Jelínková Eva. Podniková ekonomika - klíčové oblasti. 2018, Grada, ISBN: 978-80-271-0689-9 (cs)
Grunenberg Stephen, Francis Noble. Economics of Construction. 2018, Agenda Publishing, ISBN: 9781788210140 (en)

Syllabus

1. Business plan in construction sector
2. Construction company and production
3. Management of costs for material, stocks
4. Management of costs for the labor power
5. Management of costs for production machines and machinery
6. Valuation of production, prices in construction
7. Investments
8. Company’s finances
9. Taxes, accounting and operational evidence
10. Marketing
11. Systems of organization in the company, types of companies´ association
12. Benchmarking, management of costs for the production regarding the competitive ability of the company
13. Panning spheres and system of plans control, documentation of changes

Prerequisites

Knowledge of economics and principles of company’s economy

Specification of controlled instruction, the form of instruction, and the form of compensation of the absences

Extent and forms are specified by guarantor’s regulation updated for every academic year.

Offered to foreign students

Not to offer

Course on BUT site

https://www.vut.cz/en/students/courses/detail/253969

Lecture

13 weeks, 2 hours/week, elective

Syllabus

1. Business plan in construction sector

2. Construction company and production

3. Management of costs for material, stocks

4. Management of costs for the labor power

5. Management of costs for production machines and machinery

6. Valuation of production, prices in construction

7. Investments

8. Company’s finances

9. Taxes, accounting and operational evidence

10. Marketing

11. Systems of organization in the company, types of companies´ association

12. Benchmarking, management of costs for the production regarding the competitive ability of the company

13. Panning spheres and system of plans control, documentation of changes

Exercise

13 weeks, 2 hours/week, compulsory

Syllabus

1. Assignment of semestral work
2. Marketing Analysis
3. Costs of materials
4. Costs of wages
5. Transport costs
6-7. Calculation of the price of construction work
8. Investment evaluation
9. Price sensitivity analysis
10. Calculation of break-even point
11. The overall evaluation of the investment
12. Presentation of work
13. Handing in and final control