Project Decision Making.

Catalog description

Project decision-making based upon engineering economy studies. This area covers techniques for economic evaluation of alternatives including time value of money, risk costs, effects of inflation, compound interest calculation, minimum attractive rate of return, capital budgeting, break-even analysis, sensitivity analysis, and risk analysis. A second facet of the course covers the fundamental aspects of project management within an engineering context. This area covers the project procurement process, project management and project scheduling. (Summer, Fall).