Start Date: 02/23/2020
Course Type: Common Course
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The final course of the specialization expands the knowledge of a construction project manager to include an understanding of economics and the mathematics of money, an essential component of every construction project. Topics covered include the time value of money, the definition and calculation of the types of interest rates, and the importance of Cash Flow Diagrams.
Professor Ibrahim Odeh discusses the Mathematics of Money beginning with a definition of the Time Value of Money. Calculating simple and compound interest rates are covered along with distinguishing between nominal and effective interest rates. Illustrated in this module is drawing a cash flow diagram.
Construction Finance In this course, you will learn the basic concepts of finance for project financing including calculations and projections. You will also learn the load-bearing principles of finance and how to analyze risk. You will be able to formulate a project budget and use it as a reference for allocating costs and risks. You will also learn the difference between project finance and financing. Finally, you will be able to apply your knowledge of the subject to the project stage. Upon completing this course, you will be able to: 1. Describe the key concepts of finance for project financing 2. Use this knowledge to formulate a project budget and use it as a reference for allocating costs and risks 3. Use this knowledge to formulate a project budget and use it as a reference for allocating costs and risksProject Budgeting Project Estimating Project Project Operational Budgeting Project Commitment Computational Thinking for Decision Making Computational thinking is a critical element of decision making. In this course, we concentrate on the critical component of decision making: the optimization of decision making. We will cover various topics concerning optimization, including decision trees, binary search trees, and optimization problems. The course also focuses on the notion of good decision making decisions and the notion of "good" decision making decisions. We will discuss topics such as optimization problems, partial optimization, efficient decision making, and maximization problems.
|Magma Fincorp||Following the acquisitions, GE Money Housing Finance (GEMHF) has been renamed as Magma Housing Finance Company. This acquisition marked the entry of Magma into the mortgage finance business. Magma Housing Finance Co commenced fresh disbursement in May 2013 and started offering financing products under 3 broad product lines viz. Home Loans, Home Equity (Loan against Property) & Construction Finance.|
|Manufacturing in the United States||Major increases in the construction, finance, insurance and real estate, and services industries played a significant role in reducing manufacturing’s impact on overall U.S. production. In 1990, services surpassed manufacturing as the largest contributor to overall private industry production, and then the finance, insurance and real estate sector surpassed manufacturing in 1991.|
|Finance||Finance is a field that deals with the study of investments. It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainty and risk. Finance can also be defined as the science of money management. Finance aims to price assets based on their risk level and their expected rate of return. Finance can be broken into three different sub-categories: public finance, corporate finance and personal finance.|
|Finance||Finance is used by individuals (personal finance), by governments (public finance), by businesses (corporate finance) and by a wide variety of other organizations such as schools and non-profit organizations. In general, the goals of each of the above activities are achieved through the use of appropriate financial instruments and methodologies, with consideration to their institutional setting.|
|Islamic banking and finance||Istisna (Manufacturing Finance) is a process where payments are made in stages to facilitate the work of manufacturing / processing / construction. An installment of Istisna, for example, may enable a construction company to finance construction of sections of a building or help manufacturers pay for an order of raw materials. Istisna helps use of limited funds to develop higher value goods/assets in different stages / contracts.|
|Guangxi Finance Plaza||Guangxi Finance Plaza is a supertall skyscraper under construction in Nanning, Guangxi, China. It will have a height of . Construction began in 2010 and is expected to be completed in 2016.|
|LIC Housing Finance||LIC Housing Finance Limited (LIC HFL) is one of the largest Housing Finance companies in India having its Registered and Corporate office at Mumbai. The main objective of the Company is to provide long term finance to individuals for purchase or construction of house or flat for residential purpose / repair and renovation of existing flat / houses. The Company also provides finance on existing property for business / personal needs and also gives loans to professionals for purchase / construction of Clinics / Nursing Homes / Diagnostic Centres / Office Space and also for purchase of equipments. The Company also provides long term finance to persons engaged in the business of construction of houses or flats for residential purpose and to be sold by them.|
|Finance||Public finance describes finance as related to sovereign states and sub-national entities (states/provinces, counties, municipalities, etc.) and related public entities (e.g. school districts) or agencies. It usually encompasses a long-term, strategic perspective regarding investment decisions that affect public entities. These long-term, strategic periods usually encompass five or more years. Public finance is primarily concerned with:|
|Finance||Behavioral finance studies how the psychology of investors or managers affects financial decisions and markets when making a decision that can impact either negatively or positively on one of their areas. Behavioral finance has grown over the last few decades to become central and very important to finance.|
|Debtor finance||Types of debtor financing solutions include invoice discounting, factoring, cashflow finance, asset finance, invoice finance and working capital finance.|
|Construction law||Construction law has evolved into a practice discipline in its own right, distinct from its traditional locations as a subpractice of project finance, real estate or corporate law. There are often strong links between construction law and energy law and oil and gas law.|
|Finance||As the debate to whether finance is an art or a science is still open, there have been recent efforts to organize a list of unsolved problems in finance.|
|North Tarrant Express||On June 23, 2009, TxDOT awarded a comprehensive development agreement (CDA) for the North Tarrant Express project to NTE Mobility Partners. This concessions includes the design, development, construction, finance, maintenance, and operation of Segment 1 (West) and Segment 2 (East) for the duration of 52 years.|
|University of Canberra||The Business Government and Law Faculty provides students with a choice and flexibility together with real world experience. Students have the option to major in over 70 areas from across the University. Students can venture into Accounting, Applied Economics, Business Administration, Business Informatics, Construction, Finance, Law, Management, Marketing, Politics, Public Policy, Tourism, and Urban and Regional Planning.|
|Construction||There is also a growing number of new forms of procurement that involve relationship contracting where the emphasis is on a co-operative relationship between the principal and contractor and other stakeholders within a construction project. New forms include partnering such as Public-Private Partnering (PPPs) aka private finance initiatives (PFIs) and alliances such as "pure" or "project" alliances and "impure" or "strategic" alliances. The focus on co-operation is to ameliorate the many problems that arise from the often highly competitive and adversarial practices within the construction industry.|
|Project finance||Project finance shares many characteristics with maritime finance and aircraft finance; however, the later two are more specialized fields within the area of asset finance.|
|Finance House||In regard to Islamic finance, Finance House constructs Sharia-compliant instruments through its subsidiary, Islamic Finance House.|
|Construction loan||A construction loan (also called a home construction loan in the United States and self-build mortgage in the United Kingdom) is any value added loan where the proceeds are used to finance construction of some kind. In the United States Financial Services industry, however, a construction loan is a more specific type of loan, designed for construction and containing features such as interest reserves, where repayment ability may be based on something that can only occur when the project is built. Thus, the defining features of these loans are special monitoring and guidelines above normal loan guidelines to ensure that the project is completed so that repayment can begin to take place.|
|Finance||Personal finance may also involve paying for a loan, or debt obligations.|
|Finance||A strand of behavioral finance has been dubbed Quantitative Behavioral Finance, which uses mathematical and statistical methodology to understand behavioral biases in conjunction with valuation. Some of this endeavor has been led by Gunduz Caginalp (Professor of Mathematics and Editor of Journal of Behavioral Finance during 2001-2004) and collaborators including Vernon Smith (2002 Nobel Laureate in Economics), David Porter, Don Balenovich, Vladimira Ilieva, Ahmet Duran). Studies by Jeff Madura, Ray Sturm and others have demonstrated significant behavioral effects in stocks and exchange traded funds. Among other topics, quantitative behavioral finance studies behavioral effects together with the non-classical assumption of the finiteness of assets.|