Practical Finance for Engineers

Short course

In London

Price on request

Description

  • Type

    Short course

  • Location

    London

  • Duration

    1 Day

Practical Finance for Engineers (PF.Eng) is a 1-day course designed to improve the ability of engineers to draw accurate commercial conclusions from their cost analyses by teaching basic modeling techniques and financial valuation. Suitable for: Associate engineers with a couple of year's experience who are required to deliver cost analyses and assist clients with the selection of engineering options.

Facilities

Location

Start date

London
See map

Start date

On request

About this course

Basic knowledge of MS Excel spreadsheets is required. Attendees will be shown in class further techniques for using the keyboard and MS Excel to allow them to construct a simple and accurate model quickly.

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Course programme

Overview

Practical Finance for Engineers (PF.Eng) is a 1-day course designed to improve the ability of engineers to draw accurate commercial conclusions from their cost analyses by teaching basic modeling techniques and financial valuation. The subjects covered include organizing input data, handling of construction schedules and price escalation, setting up monthly and annual cost schedules, and applying discount factors to assess cost and performance trade-offs.

Target audience

Associate engineers with a couple of year’s experience who are required to deliver cost analyses and assist clients with the selection of engineering options.

Teaching approach

The workshops are highly practical. Attendees use a spreadsheet to calculate quantities, costs and the subsequent cash flow when it occurs.

Agenda

During the morning session, attendees will learn how to prepare the Excel environment; organize input data; calculate costs using monetary and non-monetary variables; apply escalation factors; construct a payment schedule and use timing flags, and create a cash flow sheet of construction costs.

In the afternoon session, attendees will model the effective impact of capital and operating costs by using discount factors to calculate a single present value (PV). They will also analyze the effects on value of altering construction schedules and look at cost and performance alternatives using basic sensitivity factors.

Requirements

Basic knowledge of MS Excel spreadsheets is required. Attendees will be shown in class further techniques for using the keyboard and MS Excel to allow them to construct a simple and accurate model quickly.

Practical Finance for Engineers

Price on request