With flair and an originality of approach, Crundwell brings his considerable experience to bear on this crucial topic. Uniquely, this book discusses the technical and financial aspects of decision-making in engineering and demonstrates these through case studies. It's a hugely important matter as, of course, engineering solutions and financial decisions are intimately tied together. The best engineers combine the technical and financial cases in determining new solutions to opportunities, challenges and problems. To get your project approved, no matter the size of it, the financial case must be clear and compelling. This book provides a framework for engineers and scientists to undertake financial evaluations and assessments of engineering or production projects.
Dr Frank Crundwell BSc (Financial Maths), PhD (Chem. Eng.), has experience in academia (University of California, Berkeley; University of Cape Town; University of the Witwatersrand, Johannesburg), in technology development (BHP Billington) and corporate venture capital, and currently runs his own company (CM Solutions). He has been in involved in due diligence work, he has developed the business case for investment decisions, and he has patented and licensed inventions. He has also presented courses on Real Options Analysis and Finance for Professional Engineers for professionals.
An Overview of the Evaluation of Capital Projects The Theory and Practice of Decision-making Concerning Capital Projects Financial Statements Cash Flows for a Project Time Value of Money Evaluation Criteria for Investment Decisions Mutually Exclusive, Replacement and Independent Projects Practical Issues in the Evaluation of Projects Sensitivity, Scenario and Other Decision Analysis Techniques Case Studies on the Application of the Decision-making Criteria Risk and Return Cost of Capital Risk in Engineering Projects Decision Tree Analysis and Utility Theory Real Options Analysis Sources of Finance Financing Engineering Projects