Engineering Economics Analysis (Part 1 of 2)

Project Selection Methods, Feasibility Study, Project Appraisal, Project Valuation, Economic Investment Decision-Making

Created by: Mohamed Elabbasy, Ph.D, PMP
Assistant Professor

What Will I Learn?

• Main concept of time value of money
• Simple and compound interest rates
• Economic Equivalence with different cash flows (e.g. single, uniform, gradient, etc.)
• How to differentiate between “Nominal” and “Effective” interest rates
• How to deal with multiple compounding of interests
• How to deal with changing interest rates over time
• How analyze a commercial loan
• How to consider inflation in your analysis
• How to measure the profitability of an investment
• How to compare between independent and/or mutually exclusive investments

Requirements

• Basics in mathematics

Target audience

• Project managers
• Financial managers
• Investors
• Engineers (any discipline)
• Potential Engineers in USA or Canada acquiring their "Professional Engineering" registration
• Engineering students (any discipline)
• Business or Economics students