Project Evaluation: Operating Cost Estimating and Financial Analysis Source: AIChE Course ID: CH140 Type: Face-to-Face CourseLanguage: English Skill Level: Intermediate Duration: 2 days CEUs: 1.50 PDHs: 15.00 Share This Post: Project evaluation is a critical and highly specialized skill that directly impacts the bottom line. When analyzing any technical or engineering project as a prospective investment, it’s vital to make an accurate estimate of operating expenses and return on investment. This course covers the steps the best engineers follow to make sound economic evaluations of projects, designs and alternatives. Make investments that succeed In two days, you’ll gain a practical framework for evaluating technical and engineering projects and to gain a better understanding of the evaluations others make. You’ll learn how to accurately estimate operating expenses and calculate return on investment. You’ll examine how to conduct a cash flow analysis of financial, operating and investment activities including how to conduct a discounted cash flow (DCF) analysis to evaluate the attractiveness of an investment; how to use net present value (NPV) and the internal rate of return (IRR) to appraise long-term projects. By the end of the course, you’ll have the skills and tools required to guide and positively contribute to financial and strategic decision-making within your organization. Take this course and CH139:Conceptual Development and Capital Cost Estimating by registering for CH758: Project Evaluation: Operating Cost Estimating Combo Course. This course will be taught by one of the instructors listed below. Instructor(s): John Williams, PE John Williams, PE, is a practicing engineer in the process industries with a 30+ year background in project development, cost estimating and financial analysis. His deep experience spans the chemical, metals, refining, biotech and pharmaceutical industries. In his engineering practice, he specializes in conceptualization, technical and economic analysis, process optimization, plant design and plant retrofits.Read more Theodore Williams Dr. Theodore “Ted” Williams has developed detailed cost estimation techniques for capital projects and operations over more than a decade at EPS, a leading engineering design firm. In that time, he has worked closely with clients in the energy sector performing operations analysis, design, and valuations for oil refining, petrochemical, biofuels, and power generating facilities. Dr. Williams’ technical expertise includes cost estimating, aerodynamics, computational fluid systems, finite element method, product development and design optimization. While continuing his work in...Read more Pricing No public sessions of this course are scheduled at this time. If you are interested in receiving updates related to this course please fill out the Course Inquiry Form. Groups Training 10 or More? In-company training is available. Learn more. Accrediting Agencies: RCEP Horizontal TabsOutline Day One Financial Terminology Working Capital Allocation of Shared Fixed Capital Costing of Raw Materials Energy Costs Labor and Support Services Plant Overhead, Allocation of Corporate and Other Shared Expenses Estimating Revenue, Market Potential and Penetration Day Two Value-in-Use Required Selling Price Measuring Profitability Return on Investment Techniques Cash Flow Analysis Techniques Decision Making Sensitivity Analysis Risk Analysis Investment Equivalents Download Course Outline (PDF) What You'll Learn Learning Outcomes: Defend a value-oriented perspective of potential projects. Estimate operating expenses with a higher sense of accuracy. Calculate ROI. Define Discounted cash flow, net present value, and internal rate of return. Discuss DCF, NPV, and IRR. Organize strategic decision-making within your organization. Who Should Attend Who Should Attend: Technical managers, R&D personnel, managers, project engineers and project managers involved in projects in the process industries – including: Chemical Pharmaceutical Biological Petrochemical Materials Petroleum Gas Testimonials The following are testimonials from people who recently took this course: This is a very good course and the level of detail is perfect. Although it contains a lot of information, it is presented in a way that made it easy to comprehend. - Process Design Engineer Excellent information. Very clear explanations and application to our industry. - Process Engineering Manager Good broadbase exposure to financial analysis tools. Gave me a better understanding of financial analysis. FAQs A calculator is required for this course. Find answers to questions about registration and refunds, tuition and fees, travel and lodging (for location-based courses), how eLearning courses work, how credits work, and more. Go to FAQs Page
John Williams, PE John Williams, PE, is a practicing engineer in the process industries with a 30+ year background in project development, cost estimating and financial analysis. His deep experience spans the chemical, metals, refining, biotech and pharmaceutical industries. In his engineering practice, he specializes in conceptualization, technical and economic analysis, process optimization, plant design and plant retrofits.Read more
Theodore Williams Dr. Theodore “Ted” Williams has developed detailed cost estimation techniques for capital projects and operations over more than a decade at EPS, a leading engineering design firm. In that time, he has worked closely with clients in the energy sector performing operations analysis, design, and valuations for oil refining, petrochemical, biofuels, and power generating facilities. Dr. Williams’ technical expertise includes cost estimating, aerodynamics, computational fluid systems, finite element method, product development and design optimization. While continuing his work in...Read more