INSTITUTE OF LOCAL GOVERNMENT STUDIES

(a public degree-awarding and professional institution)

[name of department]
MSc Procurement and Contract Management
2013/2024 Academic Year Semester
Course code and title: PCM 557 Cost and Value Management
Credit Hours: 2
Lecture Days and Hours:
Venue for Lectures: Lecture Room …….. (Name of Online platform if applicable)

Instructor Information:
Name of Instructor: Dr. Toku Lomatey
Office Location:
Mobile: 0244 373448
E-mail: anyemitoku@hotmail.com
Office Hours for student consultation:
Preferred method of course communication: email.

Course Description/Overview:
The course is designed to ensure that students are equipped with the knowledge and the right tools
and techniques for costing contracts and projects as well as ensuring value in the utilisation of public
funds and other resources.

Course Learning Objectives

 To Identify key cost components for projects in contracts
 To Set clear efficiency expectations for all stakeholders
 To Avoid control ‘scope creep’ due to transparencies established with customers
 To Maintain expected margin, increase return on investment

Expected Learning Outcomes

A the end of the study, students should be able to identify the right tools and techniques for
costing contracts and ensurimg value for momey in the procurement of projects.

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Mode of Delivery
The mode of delivery will include, classroom teaching (including PowerPoint presentations),
demonstration, interactive discussions, group work, assignments, case studies and peer
learning.

Course Assessment
Students in this course will be assessed through:
1. Continuous Assessments 40%
a) Attendance and participation 10%
b) Individual assignments 15%
c) Group assignments and presentations 15%
2. End of Second Semester Examinations 60%
Total 100%

Pass mark
You need to obtain a minimum pass mark of 50%

Grading
Refer to the Students’ Handbook page 33

Course Materials
Required Text Book:
Venkataraman, R. R., & Pinto, J. K. (2023). Cost and value management in projects. John
Wiley & Sons.

Assignments/Lessons
Assignments shall be given at the end of each lecture week

Submission
All assignments MUST be submitted in hardcopy/softcopy before the class begins.

Late Assignments/Lessons
Late submission of assignments will not be entertained. Delay submission shall not be
tolerated as well.

Format for Written Assignments

All written assignments will be typed in Microsoft Word, Times New Roman, Font size 12.
Citations and Referencing style is APA 7th edition and turn it in of 20% verified

Student’s Responsibility
 be punctual, regular and participate in lecture activities
 keep all mobile phones off
 seek permission if you are going to be absent

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  Submit assignments as scheduled

Plagiarism Policy Statement

As indicated in the university ethics policy or student handbook

Students with Disabilities

A student with a special need must inform me before class.

Recommended Reading List

1. Venkataraman, R. R., & Pinto, J. K. (2023). Cost and value management in projects. John
Wiley & Sons.

2. Wilson, R. (2014): Comprehensive Guide to Project Management Schedule and Cost

Control: Methods and Models for Managing the Project Lifecycle. Upper Saddle River, New
Jersey: Pearson Publishing

Schedule of Lecture Activities/ Lecturing Plan

Date Topic / Module Intended Learning Outcomes Required Reading Material

Student should be able to: 1. Oke, A. E., & Aigbavboa, C. O.

Topic 1: Definitions and (2017). Sustainable value
essentials of cost and  Maintain expected management for construction
value management margin, increase projects (pp. 75-86).
Topic 2: Cost estimates
return on investment Switzerland: Springer.
 Set clear efficiency
Topic 3: Cost control and expectations for all 2. Venkataraman, R. R., & Pinto,
total cost. J. K. (2011). Cost and value
stakeholders
management in projects. John
Topic 4: Concept and  Identify key cost Wiley & Sons.
worth of cash flow components for
management in projects projects in contracts 3. Wilson, R. (2014): Comprehensive
Guide to Project Management
Topic 5: Payment Schedule and Cost Control:
arrangements in cash Methods and Models for Managing
flow management the Project Lifecycle. Upper
Saddle River, New Jersey:
Topic 6: Meaning, Pearson Publishing
attributes, measures,
relevance and concepts 4. Any other relevant material.
of VM

Topic 7: VM approach,
VM process, VM terms

Topic 8: Contracting:
definition, types of
contracts, Contract
Execution

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 Topic 9: Contract
Auditing

Topic 10: Project value

chain and analysis

Topic 11: Strategies for

integrating cost and
value in projects

Mid Semester Examinations

Will be arrange with the class

Revision Week
Will be announced when due

End of Semester Exams Will be announced when due

Disclaimer: Please, kindly note that the lecturer has the right to amend the content of this
document as the case may be.

Dr. Toku Lomatey; Senior Lecturer, Procurement and Supply Chain Strategist.

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