Engineering Economics - Project Analysis

Course Number: BS-2021
Credit: 2 PDH
Subject Matter Expert: John P. Greaney, P.E.
Price: $59.90 Purchase using Reward Tokens. Details
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Overview

In Engineering Economics - Project Analysis , you'll learn ...

  • Total Life Cycle Cost Analysis
  • Payback Period
  • Net Present Value (NPV)
  • Internal Rate of Return (IRR)

Overview

PDHengineer Course Preview

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Credit: 2 PDH

Length: 15 pages

The "dollars and cents" business side of Engineering often doesn't receive the emphasis in college that employers would like. While engineers typically work towards a goal of finding the most efficient solution to a problem, in the business world, "efficiency" often means the least-cost solution. Engineering Economics provides the tools for determining the most cost-effective alternative in an organized fashion. This topic is relevant to any engineer who must consider cost in his or her decisions.

In this course the student will apply the fundamentals of Engineering Economics to analyzing a project. The course assumes the student has a working knowledge of the topics covered in Engineering Economics - Fundamentals (i.e., time value of money, inflation, depreciation, project cash flows, etc.)

After completing this course, the student should understand how to apply economic analysis tools like Total Life Cycle Cost, Payback Period, Net Present Value, Internal Rate of Return, Benefit/Cost Ratio, and Savings to Investment Ratio.

Specific Knowledge or Skill Obtained

This course teaches the following specific knowledge and skills:

  • Total Life Cycle Cost Analysis
  • Payback Period
  • Net Present Value (NPV)
  • Internal Rate of Return (IRR)
  • Benefit/Cost Ratio (B/C) Analysis
  • Savings to Investment Ratio (SIR)

Certificate of Completion

You will be able to immediately print a certificate of completion after passing a multiple-choice quiz consisting of 10 questions. PDH credits are not awarded until the course is completed and quiz is passed.

Board Acceptance
This course is applicable to professional engineers in:
Alabama (P.E.) Alaska (P.E.) Arkansas (P.E.)
Delaware (P.E.) Florida (P.E. Other Topics) Georgia (P.E.)
Idaho (P.E.) Illinois (P.E.) Illinois (S.E.)
Iowa (P.E.) Kansas (P.E.) Kentucky (P.E.)
Louisiana (P.E.) Maine (P.E.) Maryland (P.E. Category B)
Michigan (P.E.) Minnesota (P.E.) Mississippi (P.E.)
Missouri (P.E.) Montana (P.E.) Nevada (P.E.)
New Hampshire (P.E.) New Mexico (P.E.) North Carolina (P.E.)
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PDHengineer Course Preview

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Credit: 2 PDH

Length: 15 pages

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