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Lecture 1: Class Introduction
Spring 2009
Dr. Ivan Damnjanovic
CVEN 640:CVEN 640:Project Development:Project Development:
Methods and ModelsMethods and Models
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TeachingTeaching
Tuesday / Thursday 14:30 to 15:35, CE 217
Instructor: Dr. Ivan Damnjanovic Office: 705-C CE/TTI Building
Office Hours: Tuesday / Thursday 4:00pm to
5:00pm or by appointment.
Phone: (979) 862-6616 Email: [email protected]
Web: http://ceprofs.tamu.edu/idamnjanovic/
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Required TextbookRequired Textbook
Real Options: Managerial Flexibility and
Strategy in Resource Allocation by Lenos
Trigeorgis The MIT Press
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PrerequisitesPrerequisites
STAT 211 or STAT 601
Background knowledge in: Probability and statistics
Engineering economics
Optimization
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Assignments and ExamsAssignments and Exams
Approximately 6 assignments: Submitted in the form of Technical Memoranda Graded based on the content and the clarity of
presented information Make sure you explain the notation If you need to type in formula, you MUST use MS
Equation Editor or Mathtype
Exam Tentatively scheduled for March 24, 2008 In-class
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AssignmentsAssignments
Due on specified day before class starts.
Late submissions w/in 24 hours get credit.
Submit hard copy only unless otherwisespecified.
Work individually unless otherwise specified.
Graded assignments can be picked up in classor in my office.
Special Group Assignment 2 - YouTube
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Group Term PaperGroup Term Paper(groups of 2 -3)(groups of 2 -3)
Steps in developing Term Paper: One-page term paper proposal
Literature review summary Proposed methodological framework Case study and discussion Draft paper using ASCE paper format:
http://www.pubs.asce.org/authors/AuthorGuideJournals.pdf
Present paper
http://www.pubs.asce.org/authors/AuthorGuideJournals.pdfhttp://www.pubs.asce.org/authors/AuthorGuideJournals.pdf -
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Group Term PaperGroup Term Paper(groups of 2 -3)(groups of 2 -3)
Term paper grade will be based on: Validity of the methodological approach
Confirmation to the set guidelines Clarity of the expressions in written report Understanding of the covered concepts Ability to present the paper in an effective
mannerMore information and timeline will be
provided later
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Aggie Honor CodeAggie Honor Code
Must be adhered to
Violators will handled in accordance with the
Aggie Honor System Process
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Grading ScaleGrading Scale
A: 90% - 100%
B: 80% - 89%
C: 70% - 79%
D: 60% - 69%
F: below 60%
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Grading BreakdownGrading Breakdown
%
Class Participation 5
Assignments 40
Exam 15
Term Paper 40
TOTAL 100
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Questions?
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Introduction of StudentsIntroduction of Students
Name
Area of InterestBrief Background
Class Expectations
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Class ObjectivesClass Objectives
Describe components of commercialproject development
Identify and analyze commercialopportunities
Explain project development process
Develop preliminary business and financialplans Identify project performance measures
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Class ObjectivesClass Objectives
Identify, quantify and manage project risksEvaluate project real options
Develop exist strategiesDevelop life-cycle revenue and cost
management strategiesAnalyze project cash-flow and financing
methodsDevelop skills for conducting research
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What is a project?What is a project?
A project is a temporary endeavor
undertaken to create a unique product or
service.
An undertaking that encompasses a set of
tasks or activities having a definablestarting point and well defined objectives.
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What is a project?What is a project?
A planned undertaking of related activities
to reach an objective that has a beginning
and an end.
A unique venture with a beginning and an
end, undertaken by people to meetestablished goals within defined constraints
of time, resources, and quality.
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Common Characteristics of a ProjectCommon Characteristics of a Project
It is unique
It is temporary; it has a beginning and an
end It has a clear goal and objectives
It involves a series of activities
It needs resources It is a joint or combined venture
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and we have different type of projectsand we have different type of projects
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Apollo ProjectApollo Project
OBJECTIVE: LAND ON THE MOON
MISSION ACCOMPLISHED!
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More Civil Engineering ProjectsMore Civil Engineering Projects
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now more revenue-generating projectsnow more revenue-generating projects
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Panama ChannelPanama Channel
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Millau BridgeMillau Bridge
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Revenue-generating ProjectsRevenue-generating Projects
What are revenue-generating projects?
Projects that can create revenue!
Objective: Make Profit The concern of this class are the projects
where the major revenue-generating assetsare civil engineering structures.
What are the common types of suchprojects?
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ExamplesExamples
Toll Roads, Toll Bridges
Pipelines
Real estate projects (housing, office space)Power plants
Transmission lines
Oil platforms
Others
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Key PlayersKey Players
Contractors
Investment Banks
Large Institutional InvestorsPublic Agencies
Material and Equipment Providers
Insurance
Credit Rating Agencies
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Role of EngineersRole of Engineers
Didnt change; plan, design, construct, and
maintain civil engineering structures
However, those decisions need to be
coordinated to maximize the project
objectives: MAKE PROFIT!