Engineering Economics and Financial Analysis with Excel Training Course
This training course will equip participants with the necessary skills and knowledge on how to report, analyze, and disseminate data for all health programs.
Course Overview
| Course Title | Engineering Economics and Financial Analysis with Excel Training Course |
| Organization | Tech For Development (T4D) |
| Venue | Tech For Development (T4D) Training Center along Tala Road, Runda, Nairobi |
| Target Industries |
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| Target Job Roles |
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| Course Fees (Face-to-Face) | TBA |
| Course Fees (Virtual) | TBA |
| Training Modes | Virtual and face-to-face training |
| Payment | Payment should be made to the Tech For Development (T4D) bank account on or before the start of the course |
| Accreditation | Tech For Development Certificate of Course Completion |
Course Overview:
This 10-day training course provides a thorough understanding of engineering economics and financial analysis using Microsoft Excel. Participants will learn how to apply economic and financial principles to engineering projects, utilize Excel for complex calculations, and make data-driven decisions. The course includes practical exercises, real-life case studies, and field visits to offer hands-on experience in economic and financial analysis.
Course Duration:
10 Days
Target Audience:
- Engineering Managers
- Financial Analysts
- Project Engineers
- Cost Estimators
- Financial Planners
- Anyone involved in engineering project finance and economic analysis
Organizational Impact:
- Enhanced ability to evaluate the financial viability of engineering projects.
- Improved decision-making through accurate financial and economic analysis.
- Better alignment of engineering projects with organizational financial goals.
- Increased efficiency in budgeting, forecasting, and cost management.
Personal Impact:
- Mastery of Excel tools and techniques for financial analysis and modeling.
- Improved understanding of engineering economic principles and their applications.
- Enhanced ability to perform detailed cost-benefit analyses and financial evaluations.
- Increased confidence in presenting financial findings and recommendations.
Course Objectives:
- To understand fundamental concepts of engineering economics and financial analysis.
- To gain proficiency in using Microsoft Excel for financial modeling and analysis.
- To apply economic principles to evaluate engineering projects and make informed decisions.
- To develop skills in analyzing financial data and interpreting results.
- To learn techniques for optimizing project investments and assessing economic feasibility.
Course Modules
Course Outline:
Module 1: Introduction to Engineering Economics
- Key concepts of engineering economics
- Time value of money: present and future value calculations
- Basic financial principles and terminology
- Hands-on Exercise: Calculating present and future values using Excel
- Case Study: Economic evaluation of a simple engineering project
Module 2: Financial Statements and Analysis
- Understanding financial statements: income statement, balance sheet, cash flow statement
- Financial ratios and their interpretations
- Using Excel for financial statement analysis
- Hands-on Exercise: Analyzing financial statements using Excel
- Real-Life Project: Review and analysis of financial statements from a case study company
Module 3: Cost Analysis and Budgeting
- Types of costs: fixed, variable, and mixed costs
- Budgeting techniques and cost control
- Creating and managing budgets using Excel
- Hands-on Exercise: Developing a project budget and performing cost analysis
- Case Study: Budget analysis for a sample engineering project
Module 4: Investment Analysis and Capital Budgeting
- Investment appraisal methods: NPV, IRR, Payback Period
- Capital budgeting techniques and their applications
- Using Excel for investment analysis and project evaluation
- Hands-on Exercise: Performing investment analysis using Excel
- Real-Life Project: Capital budgeting for a hypothetical engineering investment
Module 5: Risk Analysis and Management
- Identifying and assessing financial risks
- Risk management techniques and strategies
- Monte Carlo simulation and sensitivity analysis in Excel
- Hands-on Exercise: Conducting risk analysis and simulation using Excel
- Case Study: Risk assessment for a complex engineering project
Module 6: Financial Forecasting and Modeling
- Techniques for financial forecasting and modeling
- Building financial models in Excel for engineering projects
- Sensitivity and scenario analysis
- Hands-on Exercise: Creating and analyzing financial models in Excel
- Real-Life Project: Developing a financial forecast for an engineering initiative
Module 7: Economic Feasibility and Cost-Benefit Analysis
- Conducting economic feasibility studies
- Cost-benefit analysis techniques and methodologies
- Implementing cost-benefit analysis using Excel
- Hands-on Exercise: Performing a cost-benefit analysis for a sample project
- Case Study: Feasibility study and cost-benefit analysis of a real-world engineering project
Module 8: Financing and Investment Strategies
- Sources of financing and investment options
- Evaluating financing options and their implications
- Using Excel to analyze financing strategies
- Hands-on Exercise: Analyzing financing options and investment strategies
- Real-Life Project: Developing a financing plan for an engineering project
Module 9: Performance Measurement and Evaluation
- Measuring and evaluating project performance
- Key performance indicators (KPIs) and benchmarks
- Using Excel for performance measurement and reporting
- Hands-on Exercise: Developing performance measurement reports using Excel
- Case Study: Performance evaluation of an engineering project
Module 10: Capstone Project and Course Review
- Comprehensive project integrating course concepts
- Participants present their financial analysis and recommendations
- Review of key learnings and best practices
- Final Project Presentation: Showcase of a complete financial analysis and project evaluation
Course Administration
Methodology
This instructor-led training course is delivered using a blended learning approach comprising presentations, guided practical sessions, web-based tutorials, and group work.
Accreditation
Participants will receive a Tech For Development Certificate of Course Completion.
Training Venue
Held at the Tech For Development Training Centre.
Accommodation & Airport Transfer
Arranged upon request.
Email: letstalk@techfordevelopment.com
Phone: (+254) 790 824 179
Tailor-Made
Customised training available.
Payment
Send proof of payment to letstalk@techfordevelopment.com.
