Strategic Cost Analysis For Project Managers And Engineers

STRATEGIC COST ANALYSIS FOR PROJECT MANAGERS AND ENGINEERS
This book presents the basic tools of strategic cost analysis and engineering economy principles utilized by engineers, estimators, and project management personnel. The areas of emphasis are:
Cash Flows, Profits, Financial Statements and the Purcell Diagram; Types of Interest and Money Values used in Cash Flow Analysis; Different Formulae used in Engineering Economy Decisions, with Examples; Cash Flow Analysis before taxes; Depreciation Types and Cash Flows after Taxes; Project Evaluation Techniques including present worth, average annual cost, return on investment, return on average investment, rate of return, benefit/cost ratios, and project balances, and Basic Probability and Risk Analysis.
Many illustrative problems are included in the book to provide practice in utilizing the expressions and techniques presented.
The key learning objectives are:
 To understand why cash flows are more important and are studied rather than profits in project management and engineering economics;
To understand the concepts of cash flows and interest;
• To enable the readers to learn the fundamental engineering economic expressions;
. To perform before-tax cash flow analysis; To perform after-tax cash flow analysis; and
.To use the most appropriate project evaluation techniques for successful project management.