The aim of project management and engineering economics is to expose an engineering technologist to the fundamentals of project management as well as the economic considerations required to support successful business decisions.
Projects account for one fourth of the world’s gross domestic product. This course will address the key elements required to be a successful project manager including scheduling, resource management, cost and duration estimating. Engineering economics will cover basic financial statements and time value of money calculations, the impact of inflation, taxation, depreciation, financial planning, economic optimization, and legal and regulatory issues. These topics are introduced and applied to economic investment and planning and project-management problems.
Through this course the participant will gain an understanding and appreciation of the social implications of financial decisions and planning. The participant requires this course to graduate with a Mechanical Engineering Technology diploma.