BQS656 Construction Economics IV UITM Assignment Sample Malaysia

BQS656 Construction Economics IV course provides students with an in-depth understanding of the economic and financial principles that apply to the construction industry. This course focuses on how construction companies can effectively manage finances, business practices, and government regulations. Students learn about project financing, cost estimation techniques, risk management strategies, economic analysis methods, forecasting models, as well as legal issues related to the construction industry.

Upon completion of the course, students will have a sound understanding of construction economics and be able to apply their knowledge in real-world business situations. Additionally, they will develop skills that are necessary for success in the field such as critical thinking, problem-solving, and data analysis. They will also gain insight into how economic principles can affect decisions made in the construction industry. With this knowledge, students will have the ability to effectively manage projects and create solutions that are cost-efficient and beneficial to all stakeholders.

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In this chapter, we will go over a few assignment activities. Specifically, these are:

Assignment Activity 1: Practice independent research skills related to the construction industry.

With the construction industry constantly evolving, it is crucial for professionals to develop strong independent research skills in order to stay up-to-date with the latest trends and advancements. Whether it’s analyzing industry reports or studying the latest building designs, cultivating this skill set is essential for success in this field. Independent research not only enhances your knowledge and expertise but also helps you develop critical-thinking abilities, which are important for decision-making and problem-solving in construction.

By dedicating time and effort to improving your research skills, you can become a valuable asset to your team and stay ahead of the curve in an ever-changing industry.

Assignment Activity 2: Write a problem statement, research objectives, literature review and research design related to the research topics systematically and independently on an appropriate research topic or issue relevant to the construction industry.

In order to make strides in the development of the construction industry, it is crucial to conduct thorough research. To do so, researchers must first establish a problem statement – a clear and concise statement that outlines the issue at hand. From there, research objectives should be identified, outlining exactly what the study aims to accomplish. Conducting a literature review is also a necessary step in the research process.

This involves examining relevant academic articles and publications to gain a deeper understanding of the current state of knowledge surrounding the research topic. Lastly, the research design must be created, outlining the methods and procedures to be used in data collection and analysis. By systematically and independently following these steps, we can gain a clearer understanding of the construction industry and ultimately work toward its growth and improvement.

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Assignment Activity 3: Demonstrate knowledge and understanding of the research process through a well-structured final report.

The journey of conducting research is as much about the process as it is about the final product. It requires meticulous planning, thoughtful analysis, and attention to detail. Understanding the research process is crucial to producing a well-structured final report that accurately reflects the results of your investigation.

From developing a clear research question to analyzing and interpreting your data, each step of the process must be carefully executed to ensure that your report is both comprehensive and insightful. The ability to effectively communicate your findings to an audience is equally important as the research itself. A well-crafted final report speaks to the quality of your research and demonstrates your knowledge and understanding of the research process.

Assignment Activity 4: Produce a systematic final report on the chosen research topic.

Writing a systematic final report on the research topic of your choice is an important part of the research process. It is essential to make sure that you have addressed all aspects of the topic, from background information to results and recommendations. A well-structured final report should include a clear introduction section, a detailed methodology section, comprehensive data analysis and interpretation, and thoughtful conclusions and recommendations.

The introduction should provide an overview of the research topic, introducing any relevant background information and explaining why it is important to investigate. The methodology section should then outline your chosen methods of data collection and analysis, as well as any assumptions you have made in the process.

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