The Process Engineering Economics Course provides participants with the essential tools and methodologies to evaluate, plan, and optimize engineering projects from a financial perspective. This program, structured across eight modules, focuses on fundamental economic principles, cost estimation techniques, and advanced concepts such as discounted cash flow (DCF) analysis and sensitivity analysis.
Participants will gain practical expertise in conducting economic feasibility studies, optimizing processes for cost efficiency, and integrating economic analysis into plant design and project management. The course bridges the gap between engineering and economics, empowering participants to make informed decisions that enhance project profitability and sustainability.
Course Features
- Lectures 8
- Quiz 0
- Duration 45 hours
- Skill level All levels
- Language English
- Students 0
- Certificate No
- Assessments Yes
Curriculum
- 1 Section
- 8 Lessons
- 45 Hours
- Course Modules8
- 1.1Fundamental Economic Principles
- 1.2Cost Estimation Techniques
- 1.3Discounted Cash Flow (DCF) Analysis
- 1.4Sensitivity Analysis and Risk Management
- 1.5Economic Feasibility Studies
- 1.6Applications of Economic Analysis in Plant Design
- 1.7Process Optimization for Cost Efficiency
- 1.8Integrated Project Analysis
Target audiences
- 1. Process Engineers: Professionals seeking to enhance their financial acumen in engineering projects.
- 2. Plant Managers: Individuals managing operations and aiming to improve cost efficiency.
- 3. Project Engineers and Managers: Professionals involved in planning and executing engineering projects.
- 4. Early-Career Engineers: Graduates aspiring to understand the economic aspects of engineering.
- 5. Industrial Economists: Experts working at the intersection of engineering and economic analysis.
