Engineering Project Economics (4 cr)

Evaluation scale

0-5

Assessment criteria, satisfactory (1)

(1)
You understand the basics of the economy of a engineering project. You are able to price a product. You know some terminology and part of the other contents of the course. You lack some of the knowledge and skills.

(2)
You understand the basics of the economy of a engineering project. You are able to price a product. You know the terminology and some financial accounting.

Assessment criteria, good (3)

(3)
You understand the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting.

(4)
You master the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting. You are able to make investment calculations and a budget.

Assessment criteria, excellent (5)

(5)
You are able to handle the accounting of a company or a project. You master the costing and are able to implement your knowledge in practice. You master the budgeting and investment calculations. You are able to make decisions based on the financial details.

Teaching language

en

Number of ECTS credits allocated

4

Qualifications

Basic understanding of automation- and electrical enginerring projects.

Content

Management
Project accounting
Project pricing exercise

Objective

You know the key terms and principles of the economics of a design project. You are able to prepare an offer and monitor financial development during the project implementation phase. You develop your leadership skills in an expert organization and understand the impact of management on the success of the company.