Key Finance Measures for Successful Projects
- Type: Archived Webinar
- Level: Intermediate
- Duration: 1 hour
- PDHs: 1.00
This webinar is designed to help engineers and chemists develop a better understanding of basic accounting and finance concepts. It covers how various types of costs are calculated and accounted for in the key financial statements that corporations are required to publish every quarter. The key financial metrics tracked by investors are defined and the impact of technical (engineering) decisions on these metrics are demonstrated.
Factors critical to maximizing shareholder value are introduced and it is shown how engineers and scientists can help in achieving corporate goals and in turn advance in their careers. The talk should be of interest to scientists and engineers at all levels from those starting their careers to those in middle management. It will be of interest to those contemplating getting a business degree as these topics are usually covered in the first required finance and accounting course in the degree program.
Makarand (Raj) Joshi is Senior Consultant in Process Excellence and Innovation Group at Verizon in New Jersey. He has extensive experience in R&D and manufacture of specialty chemicals, pharmaceuticals and medical devices and has led a broad range of activities from concept identification through product development to launch and supply. Most recently as the Lean Six Sigma leader he developed and successfully deployed Sigma Strategy for a division that designed and developed new products and processes at a major pharmaceutical company.
Raj has a PhD in Chemical...Read more
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