Assignment Task: Construction Financial Management
Islamic Finance in Oman:
Discuss the use of Islamic Finance used to fund projects and companies in Oman as compared to the Western model as used in the UK
- What is Islamic finance and when it was launched in Oman
- Its purpose
- Factors that is unique to Islamic banking (e.g. Prohibition of interest....)
- Governing principles of an Islamic bank
- Key difference between conventional and Islamic banks
- Islamic Project Financing in Oman
- What to Choose Conventional or Islamic? And why?
- Some comparison with UK project finance
- Some conclusions and recommendations
- Islamic House Financing: A Critical Analysis and Comparison with Conventional Mortgage (check)
Discuss the approaches used for controlling costs on site in Oman or any other country you are familiar with. Compare this to the approaches used in the UK.
- Aim of control of construction cost
- Causes leads to cost overruns in construction site
- Factors affect cost control in general either in Oman or UK.. but you may discuss the differences
- How to control project cost (approaches, tools, practices, responsibility, etc)
- You may think about: schedules, site inspection, meetings, work progress records and reports, monitoring work and cost performance, Earned Value Analysis, Project Cash Flow Preparation and Tracking, Project BOQ, risk management, contingency, Interim Payments, etc.
- You need to find some references about UK to make comparison
- Evaluate if there are some differences due to some specific nature, culture, type of projects, resources used, skills, regulations, procurement methods...
- Some conclusions and recommendations
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