Practical Finance for Engineers
Short course
In London
Description
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Type
Short course
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Location
London
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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
Start date
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.
Reviews
Course programme
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 audienceAssociate 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 approachThe workshops are highly practical. Attendees use a spreadsheet to calculate quantities, costs and the subsequent cash flow when it occurs.
AgendaDuring 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.
RequirementsBasic 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