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Engineering Project Economics Consultancy

ENGR 2400
Closed
Thompson Rivers University (TRU)
Thompson Rivers University (TRU)
Kamloops, British Columbia, Canada
Catherine Tatarniuk
Assistant Teaching Professor
3
Timeline
  • January 10, 2021
    Experience start
  • January 19, 2021
    Project Scope Meeting
  • April 15, 2021
    Experience end
Experience
1/1 project matches
Dates set by experience
Preferred companies
Anywhere
Any
Any industries

Experience scope

Categories
Accounting Operations Project management
Skills
project planning business consulting data analysis research
Learner goals and capabilities

Do you have an engineering project? Would you like to conduct an analysis of the project's economics? In this project, student-consultants working in teams will bring with their knowledge on concepts of engineering economics to be able to evaluate your organization's project from a financial perspective that is needed in the decision making process. Students will focus on various financial and analytical techniques such as cash flow analysis, comparison methods, time value, capital management, inflation, sensitivity and risk analysis. The students will develop a report and presentation for your organization upon completion of the project.

Learners

Learners
Undergraduate
Any level
30 learners
Project
20 hours per learner
Learners self-assign
Teams of 4
Expected outcomes and deliverables

The final project deliverables might include:

  1. 10-15 minute presentation of key findings and recommendations
  2. A detailed report including their research, analysis, insights, and recommendations
Project timeline
  • January 10, 2021
    Experience start
  • January 19, 2021
    Project Scope Meeting
  • April 15, 2021
    Experience end

Project Examples

Requirements

Beginning in January, students in groups of 3-5 will work with your company to identify your needs and provide actionable recommendations, based on their in-depth research and analysis.

Project activities include but are not limited to:

  • Exploring major principles of economic analysis for decision making in engineering profession.
  • Preparing cost estimation and analyze basic financial reports of engineering applications.
  • Examining the effects of depreciation, income taxes, inflation and price change in engineering economic analysis problems.
  • Assessing and quantifying the uncertainty and risk associated with engineering projects and evaluate alternatives using variety of analytical techniques.
  • Designing and preparing a business plan for the engineering project.

Additional company criteria

Companies must answer the following questions to submit a match request to this experience:

  • Q - Checkbox
  • Q - Checkbox
  • Q - Checkbox