What keeps you up at night? Are you concerned about staying competitive? Do you have the right tools to know if your projects are helping you do that? The fact is, you need accurate economic evaluations of capital projects to keep your plant competitive and its resources optimized. But for chemical engineers without much experience in this area, determining the value of a project may be a daunting task.
This introductory course eliminates the confusion surrounding economic evaluations. You’ll learn key principles and concepts in a way that enables you to apply them to any capital project of any size. Starting with a review of cash-based accounting principles and a deep discussion of what capital is, you’ll go on to review evaluation concepts and methods, including lease-vs-buy analyses.
Using real-world engineering examples, and a class problem, the course illustrates these concepts in a way any chemical engineer can relate to. Examine overall company performance metrics and valuations and the role they play. After completion you’ll understand how to apply these concepts and principles to projects you are currently working on.
This course will serve as a valuable introduction for new chemical engineers involved in evaluating the economics of capital projects. It also will be a great refresher for experienced engineers who want to deepen their knowledge of methods used to assess projects - from plant projects to major strategic investments.
This course is approved by RCEP (Registered Continuing Education Program).
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