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financial & risk management

financial & risk managementSc/ PgDip Quantity Surveying (Overseas Delivery)FINANCIAL AND RISK MANAGEMENT- SESSION 2015/16ASSESSMENT BRIEFSubmission Deadline: Friday 6th May 2016 by 16:00hrs (BST)This assessment contributes 100% of the marks for the above module1. BRIEF1.1. BackgroundThe philosophy behind the assessment regime is that it is an integral part of theeducation process and one of the principal drivers to learning. In all assessmentactivities, students are encouraged to apply what they have learnt to their own(project or business) organisation. The assessment will be on the basis of theextent to which a student has been able to apply subject material to gain newinsight and create or envisage the start of new innovations within theorganisation or profession.1.2. TaskAs a Commercial Manager for a Clampdown Developments Ltd, a fictionaldevelopment company, you are tasked with identifying an investment opportunityand putting forward a development proposal, in a report format, as to how youwould develop the site for consideration by the board of directors of ClampdownDevelopments. Therefore, you are required to select a development opportunityof a significant scale.The overriding objective of the project is to realise a return on capital. You willneed to consider an outline development plan for the site and based on thisoutline you are required to prepare a detailed development proposal from afinance and risk point of view with particular focus on. Consideration must alsobe given to the local authority planning objectives, environmental considerationsand other constraints resulting from the nature and location of the site.2Clampdown’s ObjectivesClampdown is obviously seeking to obtain a satisfactory financial return on itsinvestment in any development on the Site. Consideration needs to be given torisks that may materialise that have an impact on that return bearing in mind,amongst other issues, the current economic climate and the location of the Site.TaskThe Commercial Director of Clampdown has requested that you present yourdetailed proposals to the board of directors in a report format addressing thefollowing key considerations:• A brief review of the selected investment opportunity and theappropriateness, and suitability of the selected site.• A risk appraisal along with the proposal for an appropriate risk managementsystem.• Develop and calculate the project’s financial appraisal considering at least thefollowing costs:Pre-development costs, Construction costs, Finance costs, Letting andpromotion, Profit. Cost of land purchase and interest (use the existingmarket rate)• Analyse how fluctuations in variables affect your financial/ risk assessmentNote: make reasonable assumptions/ predictions where necessary.2. SUBMISSION REQUIREMENTSFORMATStudents shall work individually to produce their own reports. The assignment isto be submitted in report format and as such should have a formal structure andlayout. It should be written to Clampdown Board of directors. Report should besubmitted as a single document.LENGTHIt should not exceed 6000 words and represent appropriately up to 80 hours ofresearch application and writing.REFERENCINGAll submissions shall have a reference list (and an optional bibliography), listingthe sources used in the preparation of the report. The School has adopted theHarvard system (APA 6th) as standard referencing system.SUBMISSIONThis assignment MUST be submitted electronically through Turnitin®Further information and support for students using Turnitin® can be found here:http://www.salford.ac.uk/library/help/blackboard-and-collaborate33. ASSESSMENT CRITERIAThis coursework shall be assessed according to the following assessmentcriteria:A demonstration of research, appropriate knowledge andunderstanding in investment selection and its risk, and financialimplications10%An understanding and an ability to critically evaluate and presentappropriate risk management systems 30%The demonstration of an understanding of the importance of projectvariables and its use for development proposals in managing riskand finance20%A critical project appraisal and demonstration of knowledge andunderstanding of financial performance, and advice to client 30%Presentation of report- Layout, structure, visual presentation, use oflanguage, clarity of expression, referencing within text andbibliography10%Total 100%MARKING SCALEThe comprehensiveness of the report in covering the essential requirement of thetask; level of understanding, criticality of discussion, evaluation and application ofkey assessment tools and techniques on selected case study/ scenario; gooduse of citation of quality references and quotations; and conclusions andrecommendations.At Postgraduate Level 7 the following marking scale shall be used:Outstanding 90% – 100%Excellent 80% – 89%Very good 70% – 79%Good 60% – 69%Satisfactory 50% – 59%Unsatisfactory 40% – 49%Inadequate 30% – 39%Poor 20% – 29%Very poor 10% – 19%Extremely poor 0% – 9%LEARNING OUTCOMES ADDRESSED4Knowledge and Understanding:• Analyse various risk and value theories and techniques and identify risksand uncertainties associated with the appraisal of developments• Critically evaluate alternative developments through appropriate risk,financial and value appraisal techniques and cost forecasting techniques.• Develop critical thinking, creativity and innovation related to financial andrisk management in the construction and property sector.Transferable/Key Skills and other attributes• Establish criteria for utilising appropriate decision techniques includingidentifying, formulating and solving problems related to the constructionand property sector.• Apply risk and financial management techniques and appropriateappraisal tools in the construction and property industry.• Apply risk and financial management techniques to evaluate variousproject options and review decisions.5. RETURN & FEEDBACK ARRANGEMENTSCoursework marks and feedback will be available within 15 working days of yoursubmission and will be uploaded into Blackboard.IMPORTANT INFORMATIONI. OBLIGATION TO KEEP COPIES OF ALL WORKStudents MUST keep a spare copy of all work which they hand in as well as the receiptwhich is issued to them at the time of submission.II. PROVISIONAL NATURE OF MARKS & GRADESAll marks and grades issued to students are provisional until ratified by examinationboards.III. LAST DATE FOR SUBMISSIONSSubmissions made after 16:00hrs on the fourth working day following submission will bedeemed inadmissible and recorded as a non-submission.IV. ELECTRONIC SUBMISSIONS5If the submission document file up-loaded to Blackboard is corrupt and cannot be viewed– This is classed as a NON submission. It is the responsibility of the student to ensuretheir submission material can be opened by others.To ensure your submission can be opened please follow this simple step:Go back to the submission area and the blue button that was labelled Submit willnow be a button labelled View – select this button and what you see upon doingso will be the file/format that your Lecturer can see. If you can open and view thedocument then so can the lecturer.V. PENALTIES FOR LATE SUBMISSIONWhere coursework is submitted late, the following penalties shall be applied to the mark:(a) if the work is no more than four working days late, then five marks shall be deductedfor each working day (08:30-16:00 Mon-Thursday or part thereof) , but if the workwould otherwise pass then the mark for the work shall be reduced to no lower than thepass mark for the component(b) if the work is no more than four working days late and marked and the mark is lowerthan the pass mark, then no penalty shall be applied;(c) if the work is more than four working days late then it cannot be submitted andshall be recorded as a non-submission (NS).VI. ACADEMIC MISCONDUCTThe University takes a serious view of all acts of academic misconduct. Such acts areconsidered dishonest and as attempts to gain unfair advantage. Acts of academicmisconduct can take many forms. They are likely to fall into one or more of the followingcategories:a) PlagiarismPlagiarism involves taking the work of another person or source and using it as ifit were one’s own.b) Self plagiarismSelf plagiarism (or double submission) is resubmitting previously submitted workon one or more occasions (without proper acknowledgement). This may take theform of copying either the whole piece of work or part of it. Normally credit willalready have been given for this work.c) CollusionCollusion occurs when, unless with official approval (e.g. in the case of groupprojects), two or more students consciously collaborate in the preparation andproduction of work which is ultimately submitted by each in an identical, orsubstantially similar, form and/or is represented by each to be the product of hisor her individual efforts. Collusion also occurs where there is unauthorised cooperationbetween a student and another person in the preparation andproduction of work which is presented6as the student’s own.d) Falsifying experimental or other investigative resultsThis could involve a range of things that make it appear that information hasbeen collected by scientific investigation, the compilation of questionnaireresults etc whereas in reality it has been made up or altered to provide a morefavourable result.e) Taking unauthorised material (including electronic devices) into an examinationf) Contracting another to write a piece of assessed work / Writing a piece ofassessed work for anotherThis involves any means whereby a person does work on behalf of another. Itincludes assessments done for someone else in full or in part by a fellow student,a friend or family member. It includes sitting an examination for someone else. Italso covers obtaining material from internet ‘cheat sites’ or other sources of work.Penalties for this type of unfair means will normally apply both to a student of theUniversity who does work on behalf of another and a student of the Universitywho has work done for him/her.g) Copying from, or communicating with, another examination candidate during anexaminationh) BriberyThis involves giving money, gifts or any other advantage to an academic memberof staff which is intended to give an unfair advantage in an assessment exercise.VII. Particular care should be taken in respect of the following:a) Getting help from others / helping othersStudents are encouraged to discuss and share ideas and information, however thosewho knowingly assist others to commit academic misconduct whether or not for payment(e.g. by giving another student the opportunity to copy part or all of a piece of work, byproviding copies of assessments or by providing bespoke assignments to anotherstudent) will be subject to the same penalties as those who use unfair means. Studentsmust ensure that they protect their own work, submit it themselves and do not allowother students to use their memory stick and/or print off work on their behalf.b) Use of Readers/Note TakersStudents with special learning requirements who require the services of readers or notetakers are advised to use appropriately trained individuals. Further advice can beobtained from the Disability Service Team within Student Life Directorate.http://www.advice.salford.ac.uk/disabilityc) ReferencingStudents using work which has been produced by other people within an assignment willneed to ensure that they acknowledge or reference the source of the work. Studentsshould check with their Schools for particular requirements. Marks may be deducted forpoor referencing. If poor referencing is extensive throughout a piece of work it couldappear that the student is trying to claim credit for the work and he/she may be deemed7to have committed plagiarism. Guidance on good referencing practice is available fromSchools or may be provided through research training programmes, the Study SkillsProgramme located in Student Life and on-line guidance provided by Information &Learning Services. Some useful resources are: http://www.advice.salford.ac.uk/PenaltiesIf satisfied that unfair means has occurred, a penalty will be imposed on the student.Penalties vary depending on whether the matter is referred to the School AcademicMisconduct Panel or the University Disciplinary Committee and on the particularcircumstances. A range of penalties may be imposed including:– A penalty of 0% for the assessment component attempted using unfair means;– A penalty of 0% for the module affected by unfair means;– A penalty of 0% for the module affected by unfair means and the marks of allother modules at that academic level being capped at the pass mark (40% forundergraduates, 50% for post graduates).In the most severe cases, where there are aggravating factors (e.g. that this is arepeated case of the use of unfair means by a student at an advanced stage in theirstudies), a student found guilty of using unfair means may be permanently expelled fromthe University.Further details of the Academic Misconduct procedure are available from:http://www.governance.sa