Evaluating Economic Feasibility of Engineering Projects
Associate Professor Dr Zulkipli Ghazali
Soft Skill and Leadership Course Technical Professional Course
This course covers the fundamental concept of engineering economics and its principles, methodology and application of the various methods as well as discussions on issues related to the economic evaluations of capital engineering projects.
Engineering solutions do not exist in a vacuum but within the context of business opportunities. Engineering solutions must be physically realizable and economically affordable. Hence, engineers must be concerned with the economic consequences of his/her engineering decisions. This course provides the framework for evaluating the economic aspects of the capital engineering projects.
The course will be highly interactive, with opportunities to advance opinions and ideas through workshop. Learning is encouraged in a supportive environment. To ensure the concepts introduced during the program are understood, the course will be reinforced with a mix of learning methods, including lecture style presentation, open discussion, case studies, group work, and sharing of research findings.
Upon completion of this course, participants will:
- Possess a good understanding of engineering economy principles
- Acquire the skill to model project investment alternatives, techniques of economic analysis, and selection of capital engineering projects
- Be able to assess the impact of depreciation and taxation on project, project risk and uncertainty, and project economic optimization.
- Introduction to Economics Feasibility Analysis and its principles
- Cost Concepts and Economic Environment – cost terminology, economic environment
- Money-Time Relationships and Equivalence – equivalence, cash flow, PV, FV and uniform series
- Workshop 1: case studies and discussion
- Application of Money-Time Relationships - MARR, Present Worth Method, Future Worth Method, Annual Worth Method, Rate of Return Method, Payback Period Method
- Economic Analysis of Alternatives – decision making among alternatives
- Workshop 2: case studies and discussion
- Depreciation and Income Taxes – depreciation and after-tax economic analysis
- Replacement Analysis – economic life of defender/challenger
- Workshop 3: case studies and discussion
- Dealing with Uncertainty – source of uncertainty and sensitivity analysis
- Probabilistic Risk Analysis – decision tree analysis
- Workshop 4: case studies and discussion
- Course Wrap-up
- Workshop 5: Sharing of research findings
Download the Course Brochure: BROCHURE - EVALUATING ECONOMIC FEASIBILITY
REGISTRATION IS NOW OPENTo register, download the CAPE Professional Short Course Registration Form and email the completed form to firstname.lastname@example.org.
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Introduction This course covers the fundamental concept of engineering economics and its principles, methodology and application of the various methods as well as discussions on issues related to the economic evaluations of capital engineering projects. Engineering solutions do not exist […]
Location : Level 16, Menara 2, Menara Kembar Bank Rakyat, Jalan Travers, 50470 Kuala Lumpur