Objective

Most of the engineering projects that you will undertake during your career will have to meet three major tests in order to be built. (1)- The project must be technically sound and workable. Most of the classes that you will take as part of your degree are intended to ensure that you have the knowledge and background to design technically sound and workable projects. (2)- In a free market economy the project must make an economically attractive investment. If your technically sound engineering design cannot make money, no one will build it. This is where this class comes in. As an engineer it is not part of your B.S. degree program to make you an expert in business and finance, but it is necessary that you know how to assess whether the earnings from a project will satisfy investors sufficiently to obtain the capital to build the project. This is the class where you will learn how to assess whether the earnings potential of a project will make it the type of project in which people will invest. (3)- The project must be legal to complete (a big part of this has to do with environmental soundness). Your individual degree program may or may not provide training for you in this last area.

In addition to teaching you how to assess the economic viability of your engineering projects this class also has the added goal of showing you how investment decision techniques that work in engineering can also be used to help you increase your personal wealth and avoid financial mistakes.

 

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