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PROGRAMME TITLE
MBA in Construction & Real Estate (Registered no. #250149)
This programme is
offered by The College of Estate Management, U.K.
PROGRAMME AIMS
Traditional MBAs treat management as a
stand-alone discipline that can be applied to all industries. This MBA course
applies management specifically to the construction and property environment.
The programme therefore aims to facilitate the study of corporate business
administration at the highest level, with particular emphasis on construction
and real estate development. It is aimed at professionals and senior managers
in the construction and real estate industries, or those aspiring to senior
posts, whose time is at a premium.
This programme helps to reinforce
students’ existing management skills and knowledge and develop new areas of
expertise within the construction and real estate industries. Its course
content is continuously monitored and kept up to date with the trends and
issues affecting the property development and construction industry.
PROGRAMME STRUCTURE*
This
course consists of four 6-monthly semesters (Parts 1 and 2) and a
research-based module and dissertation (Part 3) lasting nine months. Two
subjects are studied and examined during each semester. Students are assessed
by a combination of continuous coursework and examinations that are held at
the end of each semester.
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COURSE
STRUCTURE
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Part 1 - Semester A
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1
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Management Science
Source, application and treatment of financial, fiscal and strategic
information; analysis, evaluation and control, including networks, CPM and
resource allocation; descriptive statistics; summarising data; sampling;
time series analysis; quality; benchmarking; risk analysis; decision
making; simulation.
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2
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Marketing Principles and Strategy
Principles of marketing; buyer behaviour; marketing research; service
management; product management; promotional mix; pricing; relationship
marketing; competitive analysis; analytical models for strategic planning;
marketing planning; international marketing.
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Part 1 - Semester B
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3
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Managerial Accounting
Principles of accounting for management control; finance applied to
business; budgetary control; cash flow; capital investment decisions;
cost-benefit analysis; value added statements; evaluation of accounting
information.
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4
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Organisation and People Management
Concepts of organisational behaviour; theory and practice of managing
people; strategic issues; general management and decision making; defining
management; organizational environment; groups and teams; motivation;
leadership; performance management; managing marginal performers; reward
management; communication; conflict management.
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Part 2 - Semester A
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5
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Development Strategy and Procedure
Practical issues and management functions associated with development
strategies; town planning; value and risk management; procurement systems;
audit review; facilities management; strategic processes; culture, ethics
and management of international construction; dispute resolution; legal
aspects.
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6
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Knowledge Management and Portfolio
Management
Process of disseminating information to increase profitability and
competitive advantage; intellectual capital; innovation; construction
projects; threedimensional project modelling; real estate portfolios with
asset and fund management from viewpoints of investor, developer,
constructor and occupier; principles and practice of investment; portfolio
theory; construction; adjustment and performance appraisal; investment
return; risk; asset pricing and valuing; securitisation.
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Part 2 - Semester B
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7
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Development Finance and Appraisal
Aspects of accounting directly relevant to project management, including
investment decisions; sources of finance; development appraisal; contractor
appraisal; project cost control; overseas project financing; risk
management; tax; viability; case studies.
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8
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Strategic Management and Management of
Change & Innovation
Role of corporate strategic management within construction and real estate
industries; evolution of strategic management ideas; how organisations
should grow to suit the economic and political environment; strategy;
systems, structure and styles; stakeholders; context; innovation through
research, development and business ethics; new organisational paradigms;
models; open systems approach; political and legal influences; skills and
competencies of the change agent.
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Part 3
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Assessed Research Module
An introduction to the nature of research; research hypothesis, aims and
objectives; research strategies; use of literature in research; data
collection; analysis and synthesis; research sources; research skills;
important issues in research; writing up your research; alternative ways of
undertaking research.
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Dissertation
Further development of the dissertation.
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* Subject to change at the discretion of the University.
Click to view the CEM online prospectus
LEARNING MODE & SUPPORT
- Students enrolled in this distance learning
programme will mainly be using web-based learning in addition to
supplementary materials provided by the CEM
- To further supplement web-based learning,
where possible face-to-face teaching sessions conducted by CEM tutors
may be held twice a year at PolyU campuses
- Online access to communicate with tutors and
fellow students, submit assignments, access information, and CD-ROM to
undertake self-assessment
- Access to PolyU library and IT services
ACADEMIC STAFF
Course
Director:
Brian Kemp BSc MBA CertEd ECDL GCII ACBSI ACIB
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Brian Kemp (BSc MBA CertEd
ECDL GCII ACBSI ACIB) is Tutor in Management Studies at The College of Estate Management.
Brian graduated in Production
Engineering and Management from Nottingham
University. While
working in insurance, he studied by distance learning and qualified as an
Associate of the Chartered Insurance Institute. He then became a manager of
a small branch office of the Woolwich Building Society, during which he
again studied by distance learning to qualify for Associate Membership of
the Chartered Building Societies Institute.
Subsequently he lectured on
management subjects at HND, degree and master's level for over 10 years,
designing and running training courses in a variety of management and
interpersonal skills topics, and tutoring revision courses for the
Chartered Building Societies Institute.
In 1994 he researched the distance
learning market for postgraduate management courses for bankers in the UK.
Later he established and expanded the Financial Services
College, offering
distance learning courses leading to the Associateship of the Chartered
Building Societies Institute. For several years he was the Managing Director
of the College.
In 2004 Brian joined the College of Estate Management as a part-time
tutor in management, responsible for writing and teaching management topics
across the full range of courses.
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DURATION
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Normal duration:
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2 ¾ years
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Maximum duration:
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6 years
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There
will be two semesters per calendar year (September to February; March to
July).
ASSESSMENT
Assessment consists of assignments and examinations in each module at
Part 1 and 2, and assignments and a dissertation at Part 3.
Assignments
You will complete and submit two assignments per module for assessment
according to the timetable of the course.
Examinations
Examinations are normally held in February and August and are as follows:
- Two 2-hour written papers per semester at Part 1
- Two 3-hour written papers per semester at Part 2
Dissertation
At Part 3 you will submit a dissertation of 12,000-15,000 words. This will
take the form of an in-depth investigation and will focus on a practical
aspect of a course-related subject.
AWARD
If you successfully complete all
elements of the course, you will be awarded the MBA in Construction and Real
Estate from the Open University and will be entitled to use the designatory
letters MBAConstRealEst, or simply MBA.
After successful completion of the
MBA, application can be made to the College for the award of the RICS
Postgraduate Diploma in Project Management.
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The College
of Estate Management
is approved by the Open University as an appropriate organisation to offer
higher education programmes leading to Open University Validated Awards.
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ACCREDITATION
- The Royal Institution of Chartered
Surveyors (RICS)
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- The Chartered Institute of Building
(CIOB)
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EXEMPTIONS
CIOB
Exemption
The MBA gives full exemption from Part
3 (Final Part), including Project Evaluation and Development, of the
examinations of the Chartered Institute of Building. Graduates may apply to
the CIOB for the Professional Interview.
RICS
& the Project Management Faculty
This MBA in Construction & Real
Estate course entitles successful candidates who are or become chartered
surveyors to be designated 'Chartered Project Management Surveyors'. Candidates
may enrol with the RICS for their 2-year APC training immediately after the
start of this course. They may undertake the Professional Interview when they
have successfully completed the MBA course.
Twelve months after graduation,
Master's degree holders who are RICS members are eligible to apply to the
RICS Project Management Faculty Board to obtain the RICS Postgraduate Diploma
in Project Management - DipProjMan(RICS) - holders of which are entitled to
be called 'Chartered Project Management Surveyors'.
The Project Management Faculty has a
membership of almost 30,000, demonstrating that PM is significant within the
RICS.
For details of the RICS APC please
visit www.rics.org.
ENTRY REQUIREMENTS
For admission to the programme,
applicants should possess:
- a good degree and/or relevant professional
qualifications and at least three years' relevant work experience, or
- have relevant work experience for
Accreditation of Prior (Experiential) Learning (AP(E)L) entry. The
AP(E)L criteria for entry to the MBA programme. It is recommended that
applicants for AP(E)L have appropriate work experience in a position
which has a responsibility for managing people; and an academic
qualification equivalent to that of an HND/C or higher. Each application
for AP(E)L entry will be reviewed on its merits by the Course Director.
Please note that there are a limited number of places for AP(E)L
entrance only, so apply early.
- The suitability of each candidate's
qualifications will be decided at the discretion of the Course Director.
- No exemptions are given for prior
qualifications.
Applicants whose first language is not
English will be required to satisfy CEM of their competence in English before
their acceptance on the course can be confirmed. This can be done by
possessing at least one of the followings:
- Grade B or above in English Language or
English Literature at GCSE or its equivalent
- Grade 6.0 or above, with at least 6.5 in the
reading and writing modules, in the International English
- Language Testing System (IELTS) test
administered by the British Council in the Social Sciences academic
module
- 570 or above in the paper-based version, or
230 or above in the computer/Internet option, of the Test of English as
a Foreign Language (TOEFL)
- Grade C or above in Use of English at A/S
Level.
- Proof of prior University level study
conducted and examined in English.
COMPUTER REQUIREMENTS
CEM programmes have increasingly
significant online components so you need to:
- Have access to a
PC
- Be able to create, use and save documents
produced in word processing and spreadsheet software, e.g. Microsoft
Word and Excel
- Have access to a
CD-ROM drive (preferably with soundcard and speakers)
- Have an email
address
- Have access to
the Internet and be familiar with the use of a web browser, e.g.
Internet Explorer
- Be reasonably
familiar with using Internet search engines.
Note: SPEED reserves the rights to
make variations to the schedules, contents, tuition fees, and mode of
delivery of the programmes offered without prior notice.
It is a matter of discretion for individual employers to recognize any
qualification to which the course may lead.
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