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M.S. in Construction Management

CURRICULUM

The NYU Schack Institute of Real Estate’s Master of Science in Construction Management requires that students complete 42 credits including: a three-tiered core that provides you with a broad foundation for the entire discipline of construction management; a concentration which includes a Capstone that is taken in lieu of a thesis or comprehensive exam; and one elective course to further enhance your proficiency in your specialty area or broaden your understanding of related areas, including real estate. Through full-time study, students can complete this program in two years or part-time in up to five years.

CORE COURSES
The three-tiered core curriculum of the graduate program in Construction Management is designed to provide a broad and deep foundation to support the concentration coursework that is to follow and serve you throughout your career.

Tier I courses lay the groundwork for understanding advanced financial and managerial decision-making. You begin to tackle the legal underpinnings of the entire building industry, including real estate, and you learn about contracts and transactions. The remaining Tier I courses provide the basis for the construction-specific coursework that is to follow and examine such topics as understanding materials, design, and construction practices while developing the project management skills requisite for planning, scheduling, and control.

In Tier II, you build upon the foundation laid in the first tier. You examine the various approaches to quantifying and estimating specific project plans. You also learn the process of tracking and managing projects, company expenses, and cash flow. Real estate and construction management students are brought together in The Development Process course to examine every phase of the real estate development process from proposal to project completion.

In Tier III, you attain a thorough grounding in risk and safety management, the essential elements of running a construction company or operation, including contract management, personnel, business development strategy, financial planning, and more.

CONCENTRATIONS
After completing your core courses, you select one of two concentrations that build on the foundation of your core course work, Construction Executive Management or Construction Project Management. A concentration consists of two courses plus one elective chosen from the other concentration or from the special topics electives that are offered on a rotating basis. Each concentration also includes a capstone course specific to your area of study.

Construction Management for the Development Process—In this concentration, you learn to tackle the issues involved in running an effective and profitable construction operation at the executive level. Strategic planning, marketing the firm and securing future work, handling negotiations and claims, overseeing financial control and profitability—these are only a few of the skills you acquire. Drawing on the depth of expertise available in the region, you have a unique opportunity to prepare for leadership positions in the industry.

Construction Project Management—With a focus on mastering the techniques of effective project and program management, you develop all the skills necessary to run a project with professional expertise. These skills include advanced scheduling and cost control, risk and safety program management, managing labor relations, and on-site operations management in the areas of supervision, coordination, and communication, as well as code compliance.

CAPSTONE COURSE
The capstone course in each concentration encompasses and applies all prior coursework, engaging you in the production of a professional quality research project or proposal. In each case, actual industry data and resources are researched and employed in the creation of a product or proposal specific to the concentration. Capstone projects are the principal assessment device used to evaluate your understanding of the various disciplines. Capstone projects are required for the degree in lieu of a thesis or comprehensive exam.