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Explore all PDH CEU CPC CPD and Webinars for Engineers

 

This course accepted in:

 

• Alabama (P.E.)

• Alaska (P.E.)

• Arkansas (P.E.)

• Florida (P.E.) (AOP)

• Georgia (P.E.)

• Idaho (P.E.)

• Illinois (P.E.)

• Iowa (P.E.)

• Kansas (P.E.)

• Kentucky (P.E.)

• Louisiana (P.E.)

• Maine (P.E.)

• Maryland (P.E. Category B)

• Minnesota (P.E.)

• Mississippi (P.E.)

• Missouri (P.E.)

• Montana (P.E.)

• Nebraska (P.E.)

• Nevada (P.E.)

• New Hampshire (P.E.)

• New Mexico (P.E.)

• North Carolina (P.E.)

• North Dakota (P.E.)

• Oklahoma (P.E.)

• Oregon (P.E.)

• South Carolina (P.E.)

• South Dakota (P.E.)

• Tennessee (P.E.)

• Texas (P.E.)

• Utah (P.E.)

• Virginia (P.E.)

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• Wyoming (P.E.)

 

 

 

Abbreviations:

AOP-Areas of Practice

LAR-Laws & Rules

P.E.-Professional Engineers

 

Explore all PDH CEU CPC CPD and Webinars for Engineers

Six Ways to Perform Economic Evaluation of Projects

Course No. BS-3011

Credit: 3 PDH

Course Fee: $86.85 Purchase course

Subject Matter Expert: A. Bhatia, Mechanical Engineer

Attention Engineers Licensed in the States of: Indiana, New Jersey, New York, Ohio, Pennsylvania

This course cannot be taken to fulfill the continuing education requirements of the states shown above since the subject matter does not fall within the state guidelines. For more information, check your State Board Requirements.

Indiana | New Jersey | New York | Ohio | Pennsylvania

Overview

This course addresses cost analysis related to planning and executing projects. While engineers find it necessary to learn the basic accounting and business principles to communicate with accountants, few accountants are willing to learn the engineering details. The basic cost evaluation techniques presented in the course will help engineers to “think like MBAs and act like engineers”.

Installed costs and capital offsets are important economic parameters for evaluation of a proposed investment. The concept of money having a time value is fundamental to understanding any economic or financial analysis. This 3 -hour course provides basic fundamentals of cost evaluation that can be applied to new, retrofit, expansion and modification projects.

The course is intended primarily for managers, engineers, architects, scientists, auditors, campaigners, academics, equipment manufacturers and designers.

To receive PDH credit, the reader must pass a multiple-choice quiz consisting of fifteen (15) questions.

 

Specific Knowledge or Skill Obtained

This course teaches the following specific knowledge and skills:

  • Understand the 6 fundamental methods of cost analysis
  • Payback Method
  • Return on Investment (ROI)
  • Total life cycle cost (present value method)
  • Savings/investment ratio (benefit/cost ration method)
  • Net present Value (NPV)
  • Internal rate of return (IRR)
  • Be aware of commonly-used financial terminology and concepts
  • Be able to judge and select the right project alternative

 

Course

Click on the following link to the PDF document to review the course material before taking the quiz for credit.

Six Ways to Perform Economic Evaluations of Projects

 

Having trouble downloading the PDF file?

If clicking the link does not bring you to the PDF file, then right-click the link. Click "Save Target As" and save on your desktop. To view the file, double-click the icon on your desktop and return to this page to take the quiz. You may want to bookmark this page for your convenience. If you have questions, Live Support Chat can help.

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To receive PDH credit for this course, you must pass a multiple-choice quiz. Click the button below to Purchase Course and Take Quiz. To take the quiz, your computer must be set to accept cookies. See how to check your cookie settings.

 

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