Evaluating Economic Feasibility of Engineering Project
LEVEL: INTERMEDIATE HRDF: CLAIMABLE
Eight (8) CPD Hours approved by MBOT
TRAINER:
Dr Wesam Salah Alaloul
8 - 9 NOVEMBER 2023
MS TEAMS
9.00AM - 5.00PM
RM 1,980 FOR PROFESSIONALS
10% Discount for Early Bird (until 8 October 2023) / Group / Students
CONTENT SUMMARY
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 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 reinforced with a mix of learning methods, including lecture style presentation, open discussion, case studies and group work.
- 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
- First case studies and discussion
- Possess a good understanding of engineering economy principles
- 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• Second case studies and discussion
- Acquire the skill to model project investment alternatives, techniques of economic analysis, and selection of capital engineering projects
- Depreciation and Taxes – depreciation and after-tax economic analysis
- Replacement Analysis – economic life of defender/challenger
- Third case studies and discussion
- Be able to assess the impact of depreciation and taxation on project, and uncertainty.
- Dealing with Uncertainty – source of uncertainty and sensitivity analysis
- Workshop 4: case studies and discussion
- Course Wrap-up
- Optimize the offered projects. based on economic analysis
OBJECTIVES
Upon completion of this course, participants will be able to:
- Introduce the concepts of engineering economics.
- Determine the possibility of a project being carried out and point out the alternatives
- Making a choice between alternatives.
WHO SHOULD ATTEND?
- Executive interested in projects economics
- Managers and Executives and Engineers & Consultants
OUR TRAINER
1. Dr Wesam Salah Alaloul (UTP)
Dr Wesam Salah Alaloul is currently a Senior Lecturer at the Civil and Environmental Engineering Department, Universiti Teknologi PETRONAS (UTP) Malaysia. Dr Wesam Salah Alaloul is leading the Offshore Engineering Centre OEC) under the Institute of Autonomous Systems (IAS) at UTP. He teaches course related to materials and project management for offshore engineering. Dr Wesam Salah Alaloul is practising Output-Based Education (OBE) for more than 8 years. He was trained for active learning approach and complex engineering problems. Dr Wesam Salah Alaloul research interests are in construction management, construction material, structures decommissioning, drones’ application, pre-cast system and lifecycle cost assesstment. Also he is certified trainer for construction costing and sustainability issues. He has published more than 150 papers in several ISI/Scopes journals and international conferences. Dr Wesam Salah Alaloul is a member of several evaluation committees for project proposals. He participated as a member of the steering committee in the sustainable urban of planning smart cities.
REGISTRATION FEES
PROFESSIONALS
MYR1,980*
*fee quoted does not include SST, GST, HRDF service fee / VAT or withholding tax (if applicable).
EARLY BIRD/ GROUP/ STUDENT
MYR1,782*
*fee quoted does not include SST, GST, HRDF service fee / VAT or withholding tax (if applicable).
OUR LOCATION
Centre for Advanced & Professional Education (CAPE)
Level 8, Permata Sapura, Kuala Lumpur City Centre, 50088 Kuala Lumpur
CALL US
+605 - 368 7558 /
+605 - 368 8485
DROP US AN EMAIL
cape@utp.edu.my