This course covers essential financial concepts relevant to the engineering field, focusing on how cash flow, bonds, insurances, and earned values impact projects. You'll gain insights into managing financial operations throughout a project's lifecycle, even if you don't plan to work directly in this area. Understanding these elements will enhance your engineering practice and elevate your overall performance.
What you'll learn
understanding of bonds and insurances required for projects
knowledge of payment processes and work values
insight into financial cash flows
grasp of earned value management
Course objectives
to familiarize engineers with financial components of project management
to improve decision-making skills related to financial operations