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Dec 26, 2024
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Website Catalog (In Development)
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EGR 260 - Engineering Economics and Project Management
This course applies economic concepts and analysis to engineering projects. It also includes methods of cost estimating, selection of design alternatives, and project management. Topics include supply and demand, cost-of-production theory, the time value of money, consumer behavior, market price determination, cash flows, cost/benefit, and life-cycle cost. Laboratory experiences will include product development analysis, developing a project proposal, and creating a project management plan. This course provides preparation for the Professional Engineering exam.
Credits: 4
Hours
3 Class Hours; 3 Laboratory Hours
Course Profile
Learning Outcomes of the Course:
Upon successful completion of this course the student will be able to:
- Understand the terminology of engineering economics.
- Complete economic calculations such as simple interest, compound interest, present and future values and depreciation of an asset.
- Integrate engineering economics analysis into the engineering design process.
- Demonstrate knowledge of cost estimation techniques and probabilistic risk analysis.
- Demonstrate professional communications skills through written assignments and class presentations.
- Develop proficiency with project management scheduling using the Microsoft Project application.
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