Economic Analysis of Industrial Projects
March 25, 26, 27, 2014
9 am - 4:30 pm; 21 PDU; $1299; Baldwin Wallace, Berea
Instructor: Narasimha Mohan
Managers and professionals need to examine the economic feasibility of a project and understand how to evaluate project ideas and alternatives. Modern investment-evaluation techniques can accomplish this goal. These concepts and techniques are presented using an integrated framework built upon traditional engineering economic and financial analysis principles.
This course prepares you to carry out a complete economic analysis of a small, medium or large project. Key concepts covered include discounted cash flow analysis, net present value, internal rate of return, discounted pay back, Profitability index, lease vs. buy analysis, replacement analysis, income tax issues, and inflation.
You will individually, and in teams, get hands on experience in analyzing the problem manually, interpret the results and develop action items.
- Conduct a thorough project justification analysis
- Comprehend concepts related to the time value of money and discounted cash flow analysis
- Develop project cash flows and understand how they are impacted by income taxes
- Understand project risk and ways to evaluate the risk
Target Audience: Managers, supervisors, engineers, scientists, accountants and other personnel involved in evaluating or requesting funds for projects. A basic level knowledge of Microsoft Excel is recommended.