Course Details

Investment Construction

Academic Year 2024/25

NVB056 course is part of 1 study plan

NPC-SIE Winter Semester 2nd year

Course Guarantor


Language of instruction



5 credits



Forms and criteria of assessment

course-unit credit and examination

Offered to foreign students

Not to offer

Course on BUT site


13 weeks, 2 hours/week, elective


1. Life cycle of a building project, phase, activities, documents 2. Feasibility study of private investment projects (case study of the development project) 3. Feasibility study of public investment projects (case study of transport infrastructure project) 4. Financing of investment projects incl. program financing ISPROFIN - EDS / SMVS 5. Methods of evaluating the economic efficiency of construction projects, the determination of discount rate 6. Risk analysis in investment decision making, concept and risk classification 7. Sensitivity analysis, qualitative and quantitative risk analysis in investment decision making 8. Risk management process, identification, analysis and recommendation for its reduction / elimination 9. Investment project portfolio management, process models 10.Postaudit of projects, retrospective analysis and evaluation


13 weeks, 1 hours/week, compulsory


1. Basic terms, relationships and calculations in the field of economy of investment. 2. Developer project, assignment, work with input variables. 3. Developer project, creation of economic model, net cash flow (NCF), determination of WACC discount rate. 4. Developer project, calculations of economic efficiency indicators, basic evaluation. 5. Public project according to individual assignment (transport infrastructure, public building), setting of input variables. 6.-7. Public project, creation of financial and economic cash flows, calculations of economic efficiency indicators. 8. Sensitivity analysis of project indicators to change of input quantities. 9. Risk taking into account in the calculation of economic efficiency indicators, quantitative and qualitative analysis. 10. Final test, credit.