Proposal for Academic Development New course or amendment to an existing course Faculty/Board of Studies: Contact person: Economics & Business; Architecture John Shields, E&B & David Leifer, Arch Section 1 1. Name of Award course(s) Master of Commerce/Master of Facilities Management 2. Abbreviated name MCom/MFM 3. Date of introduction Semester 1, 2006 4. Purpose of the proposal The key purpose of this proposal is to introduce a Combined Masters Degree linking two existing high profile graduate courses, namely the Facilities Management award course offered by the Faculty of Architecture and the Master of Commerce course offered by the Faculty of Economics & Business. These are the flagship postgraduate coursework programs in their respective faculties and their integration provides an excellent opportunity for the two faculties to harmonise and capitalise on their areas of related expertise, particularly in the fields of economics, risk management, business finance, strategic management, business decision-making, asset management, project management, organisational studies, human resource management, accounting principles and processes, business law, marketing, governance, and international business. This proposal is in response to advise given by the current Faculty of Architecture Facilities Management Professional Advisory Committee (FMPAC) and other industry and government leaders that more business content is required in existing Facility Management (FM) qualifications, while more FM content is also desirable in existing postgraduate business courses. 5. Justification Virtually every Australian works in the built environment and it is the place where most of the nation s income is generated. The Facility Management industry and related economic activity accounted for four percent of Australia s GDP (approximately $25bn) in 1999. About 400,000 people were employed indirectly in the Facility Management industry (Arthur Andersen Facility Management in Australia A Market Overview, 1999) The Federal Government s Action Agenda 2005 for Facilities Management, tabled in Cabinet on the 22 nd Feb 2005, contains a section on education which recommends, inter alia, that Facility Management qualifications at degree level be construed as majors within Business degrees; that is, that Facility Management should be a specialist area of business management studies. The Strategic Industry Leaders Group of Facility Managers supports this view. To date, however, the growing relationship between FM and business/commercial practice has been little recognised in curriculum design at university level in Australia. There is no
undergraduate degree in Facilities Management offered by any Australian University at this time. Currently the University of Sydney offers Facility Management as a stream in the Master of Design Science program, and is proposing a re-badged stand-alone Master of Facility Management degree. Core Units in that program include DESC9048 Financial Accounting and DESC9071 Organizational Behaviour. This proposal increases the rigor of the commercial basis of the Facility Management qualification in line with the Action Agenda 2005, by increasing the business content by utilising existing core units of the Master of Commerce degree. The technical units pertaining to Facilities Management will be provided partly from the existing core units in the Master of Facility Management program, and also by means of the introduction of several new core units, based upon an exploratory needs analysis carried out by the Faculty of Architecture in November 2004. This new combined degree will combine commerce, accounting, managerial decision making, marketing and human resource management from the Faculty of Economics and Business with operational, risk and strategic facility management from the Faculty of Architecture. This will allow graduate students to complete and receive both the Master of Commerce and Master of Facilities Management degrees (normally 18 months each) in two years of full-time study. We believe this new combined degree will appeal especially to those wishing to move into higher management positions, needing both business and facilities management skills and qualifications. This proposal is a timely response to a growing but as yet unmet demand for integrated studies in facility management and business management at postgraduate level, particularly amongst local management practitioners with more generalist bachelors degrees, but also amongst their international counterparts. Graduates undergoing career transition or reorientation now constitute a substantial segment of the growing local and international market demand for specially tailored postgraduate coursework courses. Organisational changes have been such that graduates with narrowly specialised technical bachelors degrees are looking to build on these qualifications by means of higher degree studies offering both further technical depth and broad competencies in business management theory and practice. This applies both to graduates in salaried positions and to those engaged in, or aspiring to, small business entrepreneurship. This proposal seeks to address these learning needs in a quite specific manner. The MCom/MFM degree will further strengthen the University s position as an outstanding provider of high-quality, cross-disciplinary teaching and learning, both in Australia and internationally. The initiative also addresses the University s objective of encouraging closer inter-faculty cooperation and partnership in the delivery of worldclass teaching and learning. 6. Consultation and External References There has been extensive consultation with the professional FM community in the preparation of this proposal; indeed, the idea for it arose from meetings of the Facilities Management Professional Advisory Committee convened by the Dean and chaired by the program coordinator in the Faculty of Architecture. Consultation has also taken place extensively with other potentially interested stakeholders within the Faculties of Architecture and of Business and Economics. Consultation has also taken place with the Project Management degree in the Faculty of Engineering. The proposal is strongly supported by all parties with no objections of any kind having been raised. Page 2 of 22
Although the MCom/MFM is not professionally accreditable, its significance to external stakeholders is well recognised. Refer to attached letters of support from professional and industry leaders. Refer also to the Needs Analysis, attached. 7. Course structure (1) What does the award course aim to achieve and on what academic rationale is it based? Facility Management is the process of ensuring that an organisation s facilities, including corporate real estate, support its mission and goals. Hence it is a facilities discipline aligned very closely to business. Facilities cost is the second largest overhead after wages for most organisations amounting to a $10bn/yr industry in Australia (FMA 2002). The course aims to instil in Facilities Managers a practical understanding of the organisations for which they work, as well as an understanding of workplaces, organisational structures and internal processes,, and the environmental systems within which organisations operate. There is a growing recognition amongst management practitioners and in the mainstream international business management literature that corporate real estate, including office design and physical layout, constitutes an important component of an organisation s resource base and, hence, of its capacity both to compete successfully and to achieve longterm sustainability. Organisations are also coming to appreciate more fully the strategic synergies between intangible and intangible assets (e.g. corporate culture, brand image, etc) and corporate real estate is a prime example of the interconnectedness of these key strategic resources. For this reason, corporate real estate is now assuming equal importance with financial asset management, information management and human resource management in corporate strategic planning and action, while entrepreneurs and professional business practitioners are being required to regard facility management as a core business concern. (2) What are the minimum credit points required to complete the qualification and, for postgraduate award courses, the expected normal length of candidature, both full time and part time. This course will be available at Masters level only. There will be no option at this time to study the combined award course at Graduate Certificate or Graduate Diploma level. However, it will be possible for students studying in the Graduate Certificate/Graduate Diploma of Commerce, or Graduate Certificate/Graduate Diploma of Facilities Management, or Graduate Certificate/Graduate Diploma of Design Science (Facilities Management) to progress to the MCom/MFM provided academic performance is at a standard acceptable to the Faculties. To qualify for the MCom/MFM award course, a student must successfully complete units of study amounting to a total of 96 credit points, comprising 48 credit points (8 units of study) from the MCom program and 48 credit points (8 units of study) from the MFM program. Students will not be permitted to take a core or elective unit from either program which is considered by either faculty to have a high degree of equivalence to a unit (core or elective) already completed in the other program. Students will be provided with guidance on the combination of core and electives available to them. Units taken must include: (a) 24 credit points (4 units) from the following MCom core units: Page 3 of 22
ACCT 5001 Accounting Principles ACCT 5002 Managerial Accounting and Decision Making CLAW 5001 Legal Environment of Business ECMT 5001 Principles of Econometrics ECON 5001 Microeconomic Theory ECON 5002 Macroeconomic Theory FINC 5001 Capital Markets and Corporate Finance MKTG 5001 Marketing Principles WORK 5001 Introduction to Employment Relations WORK 5002 Introduction to Human Resource Management (b) 24 credit points (4 units) of MFM core units, as follows: DESC 9047 Strategic Facility Management DESC 9048 Operational Facility Management DESC 9049 Financial & Managerial Accounting DESC 9071 Organisational Behaviour DESC 9074 Project and Contract Management DESC 9183 Risk Management (c) 24 credit points (4 units) comprising elective units of study as specified in the Faculty of Economics and Business Handbook from one or more of the following MCom subject areas: Accounting Banking Business Information Systems Commercial Law Economics Finance Government and Business Industrial Relations and Human Resource Management International Business Logistics Management Management of Technology Marketing Quantitative Finance Taxation Transport Management Where four units of study are chosen from the one MCom subject area, this shall constitute a major in that subject area. (d) 24 credit points (4 units) comprising elective units of study from the following MFM units of study: DESC 9111 Energy Management in Buildings DESC 9113 Service Provision DESC 9114 Computer Aided Facility Management DESC 9151 Introduction to Building Services Or from other units in (b) above not taken as part of the core. (3) How will overall course coherence be achieved? By means of a symmetrical structure involving both a balance of units from each Faculty plus a combination of core and electives in each of the two component degrees. Within the MCom component, students will also be able to choose electives from a range of subject Page 4 of 22
areas including, if they wish, four electives from the one subject area, which shall constitute a major in that area. There will be no exemptions from core units, although credit may be granted for relevant unexpended units completed in other award courses. (4) How will students normally progress to a completed qualification? For students enrolled on a full-time basis, the normal length of candidature will be four semesters or two years. Full-time students would normally be expected to complete units of study as follows: MCom Core units FM Core units MCom Elective Units* FM Elective Units* Total Credit Points/Semester Semester 1 2 2 0 0 24 Semester 2 2 2 0 0 24 Semester 3 0 0 2 2 24 Semester 4 0 0 2 2 24 * Providing specified prerequisites/co-requisites for the relevant elective units are met, a student may take one or more elective units of study in the first two semesters of study, and one or more core units of study in subsequent semesters of study. For students enrolled on a part-time basis, the normal length of candidature will be eight semesters of four years. However, the course may be undertaken part-time with a minimum load of one unit per semester. Part-time students would normally be expected to complete units of study as follows: MCom Core units FM Core units MCom Elective Units* FM Elective Units* Total Credit Points/Semester Semester 1 1 1 0 0 12 Semester 2 1 1 0 0 12 Semester 3 1 1 0 0 12 Semester 4 1 1 0 0 12 Semester 5 0 0 1 1 12 Semester 6 0 0 1 1 12 Semester 7 0 0 1 1 12 Semester 8 0 0 1 1 12 * Providing specified prerequisites/co-requisites for the relevant elective units are met, a student may take one or more elective units of study in the first four semesters of study, and one or more core units of study in subsequent semesters of study. The MCom/MFM award course shall be awarded in two grades, namely Pass and Pass with Merit. The Pass with Merit shall be awarded to students who obtain an average of at least 80 percent in the units studied in the award course. (5) What are the teaching and learning objectives of the award course? These should be related to the skills, attributes and knowledge that a graduate can be expected to achieve, as listed in the generic attributes of graduates (see 11 below). In line with both University and Faculty teaching and learning goals, the objectives for the MCom/MFM are that on completion of the course all students should be able to: Understand economic, political, legal, commercial and business issues and apply fundamental theories and concepts in diverse and unpredictable environments Formulate and develop persuasive arguments relevant to major fields of study that can be applied to business problems Be aware of ethical (and accountability) issues in business, government and society, and have the capacity to deal with these issues in their personal and professional lives Page 5 of 22
Apply technical and specialist skills to global business issues and/or in practice within a multicultural environment Understand the links between strategic, tactical and operational perspectives in problem solving. Apply specialist skills and knowledge drawn from the traditional disciplines of commerce in business and professional practice Analyse and solve business problems Analyse the role, structure, and functioning of organisations and actively shape organisational strategy, structure and Act on a critical understanding of the necessity of the organisations facilities and the contribution they make to the achievement of the organisation s mission and goals. 8. Proposed teaching/delivery methods (1) Describe the teaching methods that will be used, including any distinctive features of delivery, e.g. use of Internet/WebCT. Teaching methods will be diverse including, for example, experiential learning via simulations and exercises, multi-media presentations, guest speakers, tutorials, case study analyses and discussion of readings. The design of all units recognises that students have different learning approaches; this is reflected in the learning objectives and assessment design. Teaching is supported by the use of online technology, including the Blackboard Learning System, which gives students access to course materials, links and discussion pages. All MFM units will be offered in intensive mode, as will a select number of MCom units. (2) Give details of any component(s) of the award course that involve clinical or industrial placement/experience. There will be no formal industry placement component although it is anticipated that most students will be recruited from industry. Many units will also involve guest lectures by external practitioners and industry experts. Assessment in some units will incorporate a field-based research projects and reports. (3) Is the award course to be offered in off-shore mode and/or by distance education? If so, what process are in place to guarantee, the quality of academic staffing, available resources for teaching and provision of adequate curriculum delivery, assessment and authentication of student work. No. All teaching will be campus-based. 9. Assessment procedures (1) Describe the proposed assessment regime for the award course i.e. the proportion of coursework to practical components and examinations. Assessed by individual and group assignments (papers, essays), field projects, and exams as appropriate. Assessment in all units will be of a continuous nature and the weighting attached to exam-based assessment will not exceed 40 percent of total assessment in any unit. (2) Describe the use of external assessors or examiners, if relevant. The current FM Professional Advisory Committee in the Faculty of Architecture (attached) will be supplemented by nominees proposed by the Faculty of Economics and Business to create a new Joint FM Professional Advisory Committee for the double degree program. 10. Overall Student workload Give details of the expected student workload in terms of the total time involved, including lectures, tutorials, practical experience, independent study, reading and work for Page 6 of 22
assessment. (The student workload should be consistent with the credit points assigned for the units of study.) In the MCom units there will be approximately 39 hours of teaching time (lectures and tutorials) for each unit. For each hour of spent in the classroom it is anticipated that a student will spend approximately three hours of independent study, reading and work for assessment preparation. Intensive Mode delivery (in Architecture) usually involves 24 hours of face-to-face lectures given over two two-day sessions one month apart. A formative assignment is given after the first two day lecture session often a consultancy carried out on the students place of work. The second assignment is summative involving a reflection of what they have learned and how the knowledge, tools and techniques can be applied in their work setting. How does the academic courseload including the weight given to any dissertation component compare with other similar courseloads in the faculty/college/university? The academic course load of each unit of study is comparable with other postgraduate units of study taught in the Faculties of Architecture and Economics and Business. What load for HECS and student load purposes should be given to each of the constituent parts or units making up the award course? This is a full fee program. 11. Attributes of graduates Provide a statement of the generic and specific attributes and skills that can be expected of graduates of the award course, including the body of knowledge that graduates should have attained. (Please refer to the University policy Generic attributes of graduates.) In line with both University and Faculty teaching and learning goals, the objectives for the MCom/MFM are that on completion of the course all students should be able to: Understand economic, political, legal, commercial and business issues and apply fundamental theories and concepts in diverse and unpredictable environments Formulate and develop persuasive arguments relevant to major fields of study that can be applied to business problems Be aware of ethical (and accountability) issues in business, government and society, and have the capacity to deal with these issues in their personal and professional lives Apply technical and specialist skills to global business issues and/or in practice within a multicultural environment Understand the links between strategic, tactical and operational perspectives in problem solving. Apply specialist skills and knowledge drawn from the traditional disciplines of commerce in business and professional practice Analyse and solve business problems Analyse the role, structure, and functioning of organisations and actively shape organisational strategy, structure and outcomes. Act on a critical understanding of the necessity of the organisations facilities and the contribution they make to the achievement of the organisation s mission and goals. 12. Marketing and recruitment Provide a brief summary of plans to market this new development and to recruit students. Advice is available from the Marketing and Student Recruitment Unit or the relevant faculty marketing officer. Page 7 of 22
The MCom/MFM is pitched specifically at experienced practitioners and graduates pursuing career repositioning in the FM field. This cohort of prospective students is quite distinct from those seeking general postgraduate business education per se and is likely to be well attuned to the business world. The MCom/MFM should be viewed as a vehicle for steady growth in local postgraduate numbers across the two faculties. In recent years both faculties have made much greater effort to work with local alumni, professions and businesses to promote their programs, but there is also scope for these marketing strategies to be extended still further, especially via joint marketing campaigns targeted at special interest groups, including architects, project managers, building and construction entrepreneurs, facilities managers, people working implicitly in facilities management without any formal training or qualifications, etc. This must involve a mix of marketing strategies, ranging form individualised marketing (IndiMark) through to workshops, breakfasts and preparation of multimedia promotional material, including Web based and direct marking programs... The marketing managers of both faculties will work with their respective BoGSs/GSBs, and with each other, in developing the strategy. A launch is also proposed as a way of establishing our presence in a very dynamic market. With the assistance of industry leaders who are already on the Faculty of Architecture s FM Professional Advisory Committee, this could be accomplished via the Facility Management Association of Australia.. 13. Course administration (1) If the proposed award course is part of a con-joint venture with another institution, the Director, Student Centre must be consulted in respect of student record keeping implications. N/A (2) If the teaching is shared with other departments, in what proportion is the student load to be allocated and on what basis? The anticipated load is 50/50 Arch/E&B, but the actual load and income will be distributed exactly as it is taken, ie the EFTSUs will be retained by the Faculty teaching particular units of study for all those students enrolled in those units of study. (3) Which department/school and faculty/college is responsible for the award course? (Note: there should be only one owner for administrative purposes and this should be discussed with the Director, Student Centre). The Faculty of Economics and Business will administer the MCom/MFM award course. (4) Is there any requirement for an interdepartmental or inter faculty committee and if so what arrangements have been made? (Note: In the case of a joint or combined degree, such a committee should be established). Joint coordinators will be appointed by the Graduate Studies Boards of each Faculty subject to approval from the other Faculty. Each will report to their respective Faculty Board of Graduate Studies (as is done for all other graduate coursework degrees of both Faculties). This system has worked very effectively for all programs in each faculty and for the current combined degree programs in the Faculty of Economics and Business. In addition, each Faculty will nominate one member of its Faculty who will be invited to attend FE&B GSB meetings where matters relevant to the joint program are tabled for discussion, and FoA BoGS meetings and Faculty meetings where matters relevant to the joint program are being discussed. 14. Plans for monitoring and evaluation Give a clear statement of provisions for achieving, measuring and monitoring quality, and for reviewing Resolutions, content and delivery. This monitoring process should include provisions for deciding whether units of study should be added or deleted. Page 8 of 22
There will be a Joint FM Professional Advisory Committee including the current FM Professional Advisory Committee supplemented by nominees by E&B, to include such people as the Chairman of the Education Committee (NSW) of the Facility Management Association of Australia and other industry leaders from both business and facilities management. All postgraduate coursework degrees in the Faculty of Economics and Business are subject to triennial review of content and delivery conducted under the auspices of the GSB to ensure quality assurance and continuous improvement across all programs. All units of study in both Faculties are subject to student evaluation each semester conducted in collaboration with the Institute of Teaching and Learning. This feedback is used by unit of study coordinators, in consultation with Discipline Chairs, to assess the effectiveness of the unit and to plan and implement improvements to the teaching and learning experiences of students. A similar process of quality assurance and review applies within the Faculty of Architecture. Finally, the University Academic Board has recently recommended that all graduate programs of study will be assessed every four years. 15. Planning Support Office Indicate if the proposal has been the subject of a profile discussion with the Planning Support Office. This is a full fee paying course. 16. Transitional arrangements If this proposal replaces or amends an existing award course, what transitional arrangements have been made. (eg. identification of last year of student intake, identification of year in which an existing course may be deleted, provision for enrolled students to continue under existing Resolutions etc). Students studying in the Master of Commerce, Master of Facilities Management, or Master of Design Science (Facilities Management) award courses will be eligible to apply to transfer into the MCom/MFM with credit for any units of study completed in these courses that are also listed in the MCom/MFM degree. The granting of credit for additional completed units of study will be at the discretion of the Faculty of Economics and Business and the Faculty of Architecture. Students who have completed the Graduate Diploma of Commerce, Graduate Diploma of Facilities Management, or Graduate Diploma of Design Science (Facilities Management) with a grade point average of 70 per cent or higher will eligible to apply for entry to the MCom/MFM. Students who have completed the requirements for but not taken the Graduate Diploma of Commerce, Graduate Diploma of Facilities Management, or Graduate Diploma of Design Science (Facilities Management), and who have achieved a grade point average of 70 per cent or higher will also be permitted entry to the MCom/MFM award course with credit for those units of study completed at Graduate Diploma level that are also listed in the MCom/MFM degree. The granting of credit for additional completed units of study will be at the discretion of the two Faculties. Students studying in the Graduate Certificate of Commerce, Graduate Certificate of Facilities Management, or Graduate Certificate of Design Science (Facilities Management) award course may also progress to the MCom/MFM via either the Graduate Diploma of Commerce, Graduate Diploma of Facilities Management, or Graduate Diploma of Design Science (Facilities Management), provided that they achieve a grade Page 9 of 22
point average of 70 per cent or higher at both the Graduate Certificate and Graduate Diploma levels. 17. University calendar and proposed Resolutions Proposers must identify any new Resolutions or proposed amendments to existing Resolutions. (Please use attached templates). The resolutions for the MCom/MFM award course are set out below: [Section 1] Master of Commerce/Master of Facilities Management 1. These Resolutions must be read in conjunction with the University of Sydney (Coursework) Rule 2000, which sets out the requirements for all coursework courses, and the relevant Resolutions of the Senate. 2. Admission An applicant for admission to candidature for the degree of Master of Commerce/Master of Facilities Management shall: (1) have completed a bachelor s degree at an institution approved by the Faculty of Economics and Business and the Faculty of Architecture and at a standard acceptable to the Faculties; or (2) have completed the requirements of the Graduate Diploma in Commerce, the Graduate Diploma of Facilities Management, or the Graduate Diploma in Design Science (Facilities Management) at a standard acceptable to the Faculty of Economics and Business and the Faculty of Architecture. 3. Units of study The units of study which may be taken for the award course are set out under Postgraduate units of study in the Faculty of Economics and Business Handbook and the Faculty of Architecture Handbook, together with: (1) credit point value; (2) assumed knowledge; (3) corequisites/prerequisites/assumed learning/assumed knowledge; and (4) any special conditions. 4. Requirements for the award course (1) To qualify for the award of the award course, a student must successfully complete units of study amounting to a total of 96 credit points, including: (a) 8 core units (48 credit points) as specified in the Faculty of Economics and Business Handbook and the Faculty of Architecture Handbook, including 4 units of study (24 credit points) from the Master of Commerce core and 4 units of study (24 credit points) from the Master of Facilities Management core. (b) 8 elective units (48 credit points), comprising 4 units of study (24 credit points) from one or more of the Master of Commerce subject areas specified in the Faculty of Economics and Business Handbook, and four units of study (24 credit points) from the Master of Facilities Management electives. The subject areas for the Master of Commerce include: Accounting Banking Business Information Systems Commercial Law Page 10 of 22
Economics Finance Government and Business Industrial Relations and Human Resource Management International Business Logistics Management Management of Technology Marketing Quantitative Finance Taxation Transport Management 5. Award of award course (1) The award course shall be awarded in two grades, namely Pass and Pass with Merit. (2) The Pass with Merit shall be awarded to students who obtain an average of at least 80 per cent in the units studied in the award course. Section 2 17. Availability of teaching and support staff As this new combined degree combines units of study already existing in the two separate programs, there are no significant resource implications, apart from the addition of two new facilities management units and those arising in the future from growth in the expected steady growth student numbers. 18. Availability of teaching space and other required facilities The new combined award course will not require a substantial addition to teaching resources since all units available in the course are already on offer, bar the two new units to be introduced as part of the MFM course, which can be taught in existing seminar rooms in the Faculty of Architecture s Wilkinson Building.. 19. Timetabling arrangements Indicate whether timetable implications have been explored whether or not it is proposed to offer the award course in a standard or non-standard teaching period. (This would include consultation with the Director, Student Centre). Since all units offered in the MFM component will be available in intensive mode it is anticipated that timetable clashed will be minimal. The Faculty of Economics and Business also has considerable expertise in the management of timetabling for combined inter-faculty degrees, including those involving a mix of standard evening and day/weekend intensives. Close coordination between the two faculties will also ensure that students face-to-face learning commitments are distributed as evenly as possible across the week and the semester. All core units are offered every semester. 20. Equipment Computer labs and other learning resource infrastructure are already in place in both faculties. 21. Fees (1) Is there an expectation of full fee-paying international students and to what extent? If so, has the fee structure been approved by the International Office? The MCom/MFM is directed primarily to local students, although it is anticipated that fullfee paying international students may comprise approximately 25 percent of the student Page 11 of 22
cohort. In additional to meeting the standard entry requirements, international applicants who do not have a degree from an English-language university must meet the same minimum IELTS/TOEFL requirements as prescribed for the Master of Commerce and Master of Facilities Management award courses (ie, the higher of the two standards if such standards might differ from time to time). The Deputy Vice-Chancellor (Academic and International) is aware of this proposal, but has not yet been asked to approve a separate fee structure for this program. The fees for local and international students will be the same as those applied to international students in which ever is the more expensive of the two programs. The two faculties reserve the right to review the fee structure in future years and to adjust it by mutual agreement as necessary. (2) Is there an intention to charge fees to local students? Yes. The fee level for local students will be the same as that applied to local students in the more expensive of the two programs. The two faculties reserve the right to review the fee structure in future years and to adjust it by mutual agreement as necessary.. 22. Student numbers (1) Indicate how many students are likely to enrol in each of the next three years of the award course. The numbers should be split according to whether the students are HECS-paying, Local fee-paying or International fee-paying. 2006 30 (25 local; 5 international) 2007 40 (30 local; 10 international 2008 50 (35-40 local; 10-15 international) (2) Indicate whether any quotas on enrolments have been sought for the award course or for any units of study within the award course. It is proposed that the total number of students in the MCom/MFM should be limited to approximately 50 students in the initial years of offer. This would assist in the provision of high quality teaching and learning, as well as enhance the program s market prestige. If necessary, the joint-faculty committee will apply criteria based on academic merit in the selection of successful applicants. (3) Indicate how many students are likely to be transferred from existing award course(s) to the new award course. This is difficult to estimate this, but the proportion of transferees from the extant Commerce and Design Science (FM) courses in the MCom/MFM course may be as high as 20 percent. (4) Indicate how many new students the total course is likely to generate. At the undergraduate level, any increase in load due to the introduction of new courses will normally have to be matched by a reduction in intake into other award courses. What is envisaged in respect of this award course? Both Faculties are looking for a modest expansion in the first instance, perhaps 25 in the initial year of offer. It is anticipated that with the new national FM Action Agenda and the availability of this double degree, that there will be considerable interest, with perhaps 10-20 new students per year. (5) Will students be full-time or part-time and in what proportion? Part-time 67 per cent, Full time 33 per cent. (6) Do any of these details differ for international students and/or fee-paying students? Page 12 of 22
Yes, international must be full-time; the vast majority of local students are already working and thus are part-time. 23. Deans Signatures We both enthusiastically support this proposal. Professor Peter Wolnizer Dean of Economics and Business Professor Gary Moore Dean of Architecture Page 13 of 22
-++++++++++++++++Appendix One Availability of library resources In consultation with the University Librarian, explain whether library resources are available to support the proposed award course. If new library resources are required, detail these and give an estimate of the annual cost. Library Impact Statement I have examined the Library needs related to the proposal and certify that existing Library holdings, staffing, services and accommodation are, or will be, adequate/ inadequate to cover the demands that are inherent in it. (If there are any concerns about library holdings, please address these.)... For the University Librarian... Date Further comments: Holdings: Services/Staffing: Page 14 of 22
Appendix Two Entry for the UAC guide (if undergraduate) Not applicable Page 15 of 22
Appendix Three Entry for the Faculty Handbook (both Faculties) The Master of Commerce/Facilities Management award course is a path-breaking initiative in cross-disciplinary postgraduate education between the Faculty of Economics and Business and the Faculty of Architecture. Integrating specialised study in facilities management with carefully tailored study in key areas of contemporary business thought and practice, the program offers facilities managers, general business managers and entrepreneurs alike a specially crafted and cohesive program of study that draws together knowledge from the fields of strategic management, business decision-making, project management, organisational studies, risk management, human resource management, accounting principles and processes, business law and marketing, and facilities management. Although built around a core of essential knowledge, the program also allows students scope to undertake advanced study in one of more areas of business practice. Master of Commerce/Master of Facilities Management Award course requirements A total of 16 units of study (96 credit points) 4 units of study (24 credit points) chosen from the Master of Commerce Core units of study listed below. 4 units of study (24 credit points) chosen from the Master of Facilities Management Core units of study listed below. 4 units of study (24 credit points) chosen from the Master of Commerce Elective units of study listed below. 4 units of study (24 credit points) chosen from the Master of Facilities Management Elective units of study, or Core units not takes as core, as listed below. Entry Requirements A completed bachelor's degree or equivalent from a recognised tertiary institution with a minimum Credit (70 per cent) average OR completion of the Graduate Diploma in Commerce with a minimum Credit (70 per cent) average OR completion of the Graduate Diploma in Facilities Management with a minimum Credit (70 per cent) average OR completion of the Graduate Diploma of Design Science (Facilities Management) with a minimum Credit (70 per cent) average. Students who have completed the requirements for but not taken the Graduate Diploma of Commerce, Graduate Diploma of Facilities Management, or Graduate Diploma of Design Science (Facilities Management), and who have achieved a grade point average of 70 per cent or higher will also be permitted entry to the MCom/MFM award course with credit for those units of study completed at Graduate Diploma level that are also listed in the MCom/MFM degree. The granting of credit for additional completed units of study will be at the discretion of the two Faculties. Students studying in the Graduate Certificate of Commerce, Graduate Certificate of Facilities Management, or Graduate Certificate of Design Science (Facilities Management) award course may also progress to the MCom/MFM via either the Graduate Diploma of Commerce, Graduate Page 16 of 22
Diploma of Facilities Management, or Graduate Diploma of Design Science (Facilities Management), provided that they achieve a grade point average of 70 per cent or higher at both the Graduate Certificate and Graduate Diploma levels. Master of Commerce Program Core Units 4 4 Elective Units 4 4 Master of Facilities Management Program Total Units 16 Normal completion time 4 semesters of 2 years full-time; 8 semesters of 4 years part-time Core Units of Study (Four to be taken): Subject Areas for MCom electives (See below for lists of electives in each Subject Area): Core Units of Study (Four to be taken): Elective Units of Study (Four to be taken from this list and/or from the above Core list not taken as Core): Master of Commerce Degree Component ACCT 5001 Accounting Principles ACCT 5002 Managerial Accounting and Decision Making CLAW 5001 Legal Environment of Business ECMT 5001 Principles of Econometrics ECON 5001 Microeconomic Theory ECON 5002 Macroeconomic Theory FINC 5001 Capital Markets and Corporate Finance MKTG 5001 Marketing Principles WORK 5001 Introduction to Employment Relations WORK 5002 Introduction to Human Resource Management Accounting Banking Business Information Systems Commercial Law Economics Finance Government and Business Industrial Relations and Human Resource Management International Business Logistics Management Management of Technology Marketing Quantitative Finance Taxation Transport Management Master of Facilities Management Degree Component DESC 9047 Strategic Facility Management DESC 9048 Operational Facility Management DESC 9049 Financial & Managerial Accounting DESC 9071 Organisational Behaviour DESC 9074 Project and Contract Management DESC 9183 Risk Management DESC 9111 Energy Management in Buildings DESC 9113 Service Provision DESC 9114 Computer Aided Facility Management DESC 9151 Introduction to Building Services Page 17 of 22
Or from other MFM Core Units of Study listed above not taken as part of the core. Master of Commerce/Master of Facilities Management Master of Commerce Subject Area Electives, 2006 Some of the units of study specified below have prerequisites and students are advised to check unit prerequisites before enrolling. Information on prerequisites and unit of study availability in 2006 can be found in the Table of postgraduate units of study. Availability of units may change. The Faculty of Economics and Business web site contains the most up to date information on unit of study availability. Timetabling information is also available on the Faculty web site. Note that not all unit listed in the Master of Commerce course are available in the MCom/MFM course. Accounting ACCT6003 Financial Statement Analysis ACCT6005 Management Control Systems ACCT6006 Advanced Managerial Accounting ACCT6007 Contemporary Issues in Auditing ACCT6010 Advances Financial Reporting ACCT6001 Intermediate Financial Reporting ACCT6002 International Accounting ACCT6101 Special Topic in Accounting ACCT6116 Corporate Collapse ECOP6014 Small Business Management Banking ACCT6003 Financial Statement Analysis BANK6002 Bank Management BANK6003 Global Supervision of Bank Risks FINC6001 Intermediate Corporate Finance FINC6003 Broking and Market Making FINC6005 Advanced Asset Pricing FINC6007 Financial Strategy FINC6009 Portfolio Theory and its Applications FINC6010 Derivative Securities FINC6013 International Business Finance FINC6014 Fixed Income Securities FINC6015 Global Trading FINC6016 Financial Instruments and Markets FINC6017 Mergers and Acquisitions FINC6018 Numerical Methods in Finance FINC6019 Financial Modelling Business Information Systems INFS6000 Business Information Systems INFS6001 Management Information Systems INFS6002 Information Technology Strategy and Management INFS6004 Change Agent Consulting for IT Industry INFS6012 Integrated Enterprise Systems INFS6013 IT Risk Management and Assurance INFS6014 IT Project Management INFS6015 Business Process Analysis and Design INFS6016 Internet Business Models and Strategies Page 18 of 22
INFS6017 Strategic Information and Knowledge Management Commercial Law CLAW5001 Legal Environment of Business CLAW5002 Concepts of Australian law CLAW6002 Corporations Law CLAW6007 Issues in Law and International Business CLAW6008 Legal Entities for Small Business CLAW6009 Issues in Law and Accounting Economics ECMT6006 Applied Financial Econometrics ECMT6030 Forecasting for Economics and Business ECMT6901 Econometric Modelling ECON6001 Microeconomics Analysis 1 ECON6002 Macroeconomics Analysis 1 ECON6003 Mathematical Methods of Econ Analysis ECON6006 Market Structure and Strategic Behaviour ECON6008 International Money and Finance ECON6009 Economics of the Labour Market ECON6010 Public Economics ECON6011 Thinking Strategically ECON6016 Trade and Development ECON6018 Environmental Economics ECON6021 Financial Economics ECON6023 International Trade ECON6101 Special Topic in Economics TPTM6130 Transport and Logistics Economics Finance FINC6001 Intermediate Corporate Finance FINC6003 Broking and Market Making FINC6005 Advanced Asset Pricing FINC6007 Financial Strategy FINC6009 Portfolio Theory and its Application FINC6010 Derivative Securities FINC6013 International Business Finance FINC6014 Fixed Income Securities FINC6015 Global Trading FINC6016 Financial Instruments and Markets FINC6017 Mergers and Acquisitions FINC6018 Numerical Methods in Finance FINC6019 Financial Modelling Government and Business GOVT6001 Business, Government and Society GOVT6103 Australia in Diplomacy, Defence & Trade GOVT6108 Development Dilemmas in Southeast Asia GOVT6111 Chinese Politics GOVT6115 Media and International Politics GOVT6116 International Organisations GOVT6117 International Politics of Human Rights GOVT6118 Europe in World Affairs GOVT6119 International Security Page 19 of 22
GOVT6123 Globalisation and National Governance GOVT6125 Politics of the World Economy GOVT6133 American Politics and Foreign Policy GOVT6135 International Environmental Politics GOVT6136 Asia Pacific Politics GOVT6147 Foundations of International Relations GOVT6150 Comparative Democratic Politics GOVT6156 Governance and Civil Society GOVT6157 Corporate Citizenship GOVT6301 Government and Business Ethics GOVT6308 Government and Business Relations GOVT6313 Leadership in Theory and Practice GOVT6316 Policy Analysis GOVT6317 Politics of Consultation GOVT6319 Governance and Public Policy Making GOVT6327 Managing Public Expenditure GOVT6331 International Public Management GOVT6336 Media Politics GOVT6337 Work & family: International Perspectives GOVT6207 Islam and the Modern World Order (D) GOVT6219 International Security (D) GOVT6224 Politics of the World Economy (D) GOVT6236 Asia Pacific Politics (D) GOVT6247 Foundations of International Relations D GOVT6251 Middle East Politics (D) Industrial Relations and Human Resource Management WORK6001 Organisational Analysis WORK6002 Foundations of Strategic Management WORK6003 People, Management and Technology WORK6026 Organisational Change and Development WORK6030 Performance and Rewards WORK6031 Recruitment and Selection WORK6034 Management and Organisational Ethics WORK6034 Human Resource Development WORK6108 International Dimensions of HRM WORK6117 Human Resource Information Systems International Business BANK6003 Global Supervision of Bank Risks CLAW6007 Issues in Law and International Business ECON6004 Regulating e-business ECON6008 International Money and Finance ECON6016 Trade and Development ECOP6009 Corporate Codes and Value Chains ECOP6010 International Trade Regulation ECOP6011 USA, Europe, Japan: Economic Relations ECOP6013 Regulation of Business in SE Asia GOVT6115 Media and International Politics GOVT6116 International Organisations GOVT6117 International Politics of Human Rights GOVT6123 Globalisation and National Governance GOVT6125 Politics of the World Economy GOVT6136 Asia Pacific Politics Page 20 of 22
GOVT6147 Foundations of International Relations GOVT6150 Comparative Democratic Politics GOVT6156 Governance and Civil Society GOVT6308 Government and Business Relations GOVT6331 International Public Management MKTG6013 International and Global Marketing MKTG6019 Marketing in the Asia-Pacific Region TPTM6130 Transport and Logistics Economics TPTM6260 International Logistics TPTM6440 International Freight Transportation WORK6108 International Dimensions of HRM GOVT6224 Politics of the World Economy (D) GOVT6236 Asia Pacific Politics (D) GOVT6247 Foundations of International Relations D Logistics Management MKTG6019 Marketing in the Asia-Pacific Region TPTM6115 People, Work and Organisations TPTM6190 Logistics Systems TPTM6260 International Logistics TPTM6360 Traffic Systems Management and Control TPTM6440 International Freight Transportation TPTM6470 Logistics and the Environment TPTM6495 Analysis Tools for Transport & Logistics Management of Technology INFS6000 Business Information Systems INFS6002 Information Technology Strategy and Mgmt INFS6013 IT Risk Management and Assurance INFS6015 Business Process Analysis and Design INFS6017 Strategic Information and Knowledge Mgmt MKTG6004 New Product Development MKTG6015 Electronic Marketing WORK6002 Foundations of Strategic Management WORK6026 Organisational Change and Development WORK6112 Entrepreneurship and Business Innovation Marketing MKTG6001 Marketing Research Concepts MKTG6003 Marketing Strategy MKTG6004 New Product Development MKTG6005 Marketing Communications MKTG6006 Creative Communications in Marketing MKTG6013 International and Global Marketing MKTG6015 Electronic Marketing MKTG6016 Brand Management MKTG6017 Retail Marketing MKTG6018 Customer Relationship Management MKTG6019 Marketing in the Asia-Pacific Region MKTG6020 Business Marketing MKTG6013 Services Marketing Quantitative Finance ECMT6006 Applied Financial Econometrics FINC6003 Broking and Market Making Page 21 of 22
FINC6005 Advanced Asset Pricing FINC6009 Portfolio Theory and its Applications FINC6010 Derivative Securities FINC6018 Numerical Methods in Finance FINC6019 Financial Modelling Taxation The MCom core unit CLAW5001 Legal Environment of Business is a prerequisite for the following units: CLAW5002 Concepts of Australian law LAWS6118 Taxation of Partners and Trusts LAWS6125 Taxation of Financial Institutions LAWS6128 Comparative International Taxation LAWS6153 Comparative Corporate Taxation LAWS6177 Tax Treaties LAWS6214 Goods & Services Tax Principles, or LAWS6825 The Impact of Tax on Business Transport Management TPTM6130 Transport and Logistics Economics TPTM6495 Analysis Tools for Transport & Logistics TPTM6180 GIS for Planning and Marketing TPTM6350 Land Use and Transport Planning TPTM6360 Traffic Systems Management and Control TPTM6425 Survey Design and Management TPTM6440 International Freight Transportation TPTM6450 Transport Policy, Decision Making, Env\'t Master of Commerce/Master of Facilities Management Illustrative Program of Study For students enrolled on a full-time basis, the normal length of candidature will be four semesters or two years. Full-time students would normally be expected to complete units of study as follows: MCom Core units FM Core units MCom Elective Units* FM Elective Units* Total Credit Points/Semester Semester 1 2 2 0 0 24 Semester 2 2 2 0 0 24 Semester 3 0 0 2 2 24 Semester 4 0 0 2 2 24 * Providing specified prerequisites/co-requisites for the relevant elective units are met, a student may take one or more elective units of study in the first two semesters of study, and one or more core units of study in subsequent semesters of study. Page 22 of 22