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Description
Content: Financial Aspects of Project Engineering is aimed at those who aspire to become the project managers and industry leaders of the future.听 The module provides an insight into financial analysis and management techniques used in the engineering industry.听 It deals with the financial aspects of both individual projects and engineering companies as a whole.
Teaching delivery: This module is taught in 10 weekly one- to two-hour lectures.
Indicative Topics: Public economics; public goods and externalities; techniques for project evaluation; cost-benefit analysis; financial aspects of real-life engineering projects; project planning; financial project planning; companies and financial accounting; risk analysis; project management.听 (Indicative lecture topics 鈥� based on module content in 2023/24, subject to possible changes).
Module Aims and/or Objectives: Upon successful completion of this module, you can expect to be able to:
- Understand the importance of finance and economics in engineering projects
- Demonstrate knowledge of financial decision making techniques
- Know something about the structure of companies
- Interpret a company's performance and status from its published financial accounts; balance sheet, profit
- and loss account and cash flow statement
- Prepare a project S-curve, budget and cash flow forecast
- Make allowances for interest payments
- Understand how to undertake simple project planning using Gantt Charts, Critical Path Analysis and associated techniques
- Understand how to evaluate projects using techniques such as payback period and NPV
- Carry out a basic project risk analysis
Recommended readings:
- News article: https://www.building.co.uk/news/hs2-could-cost-nearly-68bn-after-inflation/5127178.article
- News article:
- News article: https://www.morganlewis.com/pubs/2023/03/project-financing-and-energy-storage-risks-and-revenue
Module deliveries for 2024/25 academic year
Last updated
This module description was last updated on 19th August 2024.
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