Evaluating Economic Feasibility of Engineering Projects

LEVEL : INTERMEDIATE    HRDF : CLAIMABLE

 TRAINER: DR. WESAM SALAH ALALOUL

 

WHEN

7 - 9 SEPTEMBER 2021

 

WHERE

MS TEAMS

 

TIME

9.00AM - 5.00PM

 

FEE

RM 1,600 FOR PROFESSIONALS

10% Discount for Early Bird (until 7 August 2021) / Group / Students

COURSE 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.

COURSE CONTENT
Module 1
  • 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.

Module 2

  • 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.

Module 3

  • Depreciation and Taxes – depreciation and after-tax economic analysis.
  • Replacement Analysis – economic life of defender/challenger.
  • Third case studies and discussion.

Module 4

  • Dealing with Uncertainty – source of uncertainty and sensitivity analysis.
  • Workshop 4: case studies and discussion.


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 JOIN US TO :

  • Anyone interested in projects economics.
  • Managers and Executives.
  • Engineers, Researchers & Consultants 





OUR TRAINER



1. Dr. Wesam Alaloul

Dr Wesam Alaloul is a lecturer at Universiti Teknologi Petronas and was a certified project manager in Palestine-Gaza. he has conducted several trainings related to project management and construction. His research interests in construction management, construction materials, offshore structures decommissioning, and lifecycle cost assessment. He is a certified trainer for Construction costing and sustainability issues. He has published more than 45 papers in construction management, BIM, and materials in several ISI/Scopes journals and international conferences.   He was a member of the evaluation committee for development and relief projects proposals. He participated as a member of the steering committee in the sustainable urban planning of new cities in Palestine.


COUNTDOWN

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REGISTRATION FEES

      ProfessionalS       

myr1,600

*fee quoted does not include SST, GST/VAT or withholding tax (if applicable)

Early bird/ group/ student

myr1,440

*fee quoted does not include SST, GST/VAT or withholding tax (if applicable)

OUR LOCATION

Centre for Advanced & Professional Education (CAPE)

 Level 16, Menara 2, Menara Kembar Bank Rakyat, 50470, Jalan Travers, Kuala Lumpur.

CALL US

+605 - 368 7558 /

+605 - 368 8485

DROP US AN EMAIL

cape@utp.edu.my