Economic analysis is a technique that assists in the solution of substantial engineering and construction problems where economic aspects dominate over a considerable period of time. Industry is frequently confronted with the need to select among multiple alternatives. The decision-making process can be greatly simplified if the alternatives can be quantified objectively and equated in some numerical value such as money.
The purpose of the course is to be a useful tool for professionals who desire a recent review of necessary skills and knowledge to improve performance on the Cost Engineer Certification Examination.
This course will include the following:
- Calculation of simple and compound interest rates using basic single payments, uniform series and gradient formulas
- Calculation of present value, future value and equivalent uniform annual value of a cash flow series
- Evaluate and select the best alternative using present value, future value and equivalent uniform annual value
- Compare alternatives using the benefit-cost ratio
Course Price: $988
(Active Duty Military Personnel $917)
Total Contact Hours: 9 (0.9 CEUs)
Register Here for "Economic Analysis" Course