QSB 3414 Financial Management

 

This module covers the management practices which cover both financial and organizational aspects in relation to construction project. In addition, this module emphasizes on the examination of resource-use systems, particularly the finances of a construction project as well as the management of important resource in ensuring quality performance from the project staff. We have also learned various terms of finance, which covers the financial information systems and capital investment.

 

For our midterm test, we have tested on company finance and account, financial information systems and capital investment decisions. Through this test, we are 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. Other than that, I have learned the ways to Apply capital investment techniques in analyzing the cost & benefit for particular construction projects.

 

Other than that, our group assignment required us to prepare a 5 year business plan of the company. The company we have chosen must be public listed; Eco World Group Development Group Bhd is the company that our group chosen for our assignment. We have learned to manipulate the sound knowledge of financial management in managing the financial aspects of the particular construction project after we have done our assignment. Besides that, we are also able to summarize the business of construction project through proper strategic management theory and techniques.

 

Overall, I found this module as the most difficult one among other modules in this semester, so I need to spend more time to study for my finals.