• Application Deadline
  • 2 days
    Duration
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Overview

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 Evaluating Economic Feasibility of Engineering Projects course at Universiti Teknologi PETRONAS will be highly interactive, with opportunities to advance opinions and ideas through workshop. Learning is encouraged in a supportive environment. To ensure the concepts introduced during the program are understood, the course will be reinforced with a mix of learning methods, including lecture style presentation, open discussion, case studies, group work, and sharing of research findings.

Objectives

Upon completion of this course, participants will:

  • Possess a good understanding of engineering economy principles
  • Acquire the skill to model project investment alternatives, techniques of economic analysis, and selection of capital engineering projects
  • Be able to assess the impact of depreciation and taxation on project, project risk and uncertainty, and project economic optimization.

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 2 days
  • Languages
    • English
  • Delivery mode
    On Campus
  • More information Go to the programme website

Programme Structure

Courses include:

  • 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
  • Workshop 1: case studies and discussion
  • Application of Money-Time Relationships - MARR, Present Worth Method, Future Worth Method, Annual Worth Method, Rate of Return Method, Payback Period Method

English Language Requirements

This programme may require students to demonstrate proficiency in English.

Tuition Fee

  • International

    1840 EUR/full
    Tuition Fee
    Based on the original amount of 1840 EUR for the full programme and a duration of 2 days.
  • EU/EEA

    1840 EUR/full
    Tuition Fee
    Based on the original amount of 1840 EUR for the full programme and a duration of 2 days.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.
  • RM 1840 (Professionals)
  • 10% Discount (UTP Alumni, PETRONAS & Group Registration)
  • 20% Discount (Student) 

Funding

Check the programme website for information about funding options.

Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.

Evaluating Economic Feasibility of Engineering Projects
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