Course Details

Course Code: EN7853
Course Title: Engineering Economy and Cost Analysis
Short Title: EECA
Course Level:: Level 7
Valid From:: 2025/2026 Sem 1
Credits:: 15
Owner: School of Engineering
Assessment Method: Achievement
Course Aim

This course provides a comprehensive introduction to the principles and methods of engineering economy and cost analysis, with a focus on the evaluation and management of engineering projects. Key topics include cash flow analysis, the time value of money, advanced cost estimation techniques, and decision-making under uncertainty. Students will develop the skills necessary to analyze economic factors in project planning and execution, enabling informed decision-making that optimizes project outcomes.
 
CILO
On Completion of this course, the learner will be able to
# Learning Outcome Description
1 Evaluate engineering projects by applying the fundamentals of engineering economy and financial analysis.
2 Conduct comprehensive cost estimation and cash flow analysis for engineering projects.
3 Provide informed project management decisions by integrating economic theories and cost considerations, effectively analyzing risks and developing cost-benefit assessments.
Requisites
No requisites
 
Examinations
Assessment Type
Examination (Unseen)
Other Controlled Assessments
Assessment Type
Lab Assignment
Uncontrolled Assessments
Assessment Type
Practical Project

The institute reserves the right to alter the nature and timings of assessment

Affiliated Entities
Entity Code Entity Title Entity Version Entity Type
ENT7025 Associate degree in Engineering (Industrial Design and Process) 1 Programme
ENT7035 Associate Degree in Engineering (Renewable and Clean Energy) 1 Programme
ENT8025 Bachelor of Engineering (Industrial Design and Process) 1 Programme
ENT8035 Bachelor of Engineering (Renewable and Clean Energy) 1 Programme