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Engineering Money. Financial Fundamentals for Engineers

  • ID: 2174017
  • Book
  • October 2010
  • 196 Pages
  • John Wiley and Sons Ltd
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Get the must–have knowledge every engineer needs regarding finance in this much–needed guide

When starting out on their careers, most engineers are unaware that successful engineering projects depend as much on money as they do on technology and that the two are inextricably linked. They eventually learn on the job that money is the only common measure we have for labor, materials and energy and it is therefore essential to managing any project. Traditional engineering education generally ignores financial matters. This book fills the gap by by preparing young engineers on the role finance plays in their projects before they embark on their careers. Engineering Money:

  • Fills the gap in most engineers training and gives young engineers an insight into the way engineering businesses run, the importance of capital, how to raise it, and the problems of cash flow

  • Explains the role of money in managing an engineering project and why an engineer is "a guy who can do for half a dollar what any fool can do for a dollar"

  • Is written in an approachable and entertaining style and includes real–world topics that engineers will face in their profession no matter which part of the world they re working in

Uniting the basic concepts of engineering design, project evaluation techniques, and accounting methods, Engineering Money delivers an approachable view of finance that gives engineers at all levels the resourcefulness to account for every dollar and make every cent count.

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Chapter 1 What s It All About?

Chapter 2 Money.

Chapter 3 Measuring Money.

Chapter 4 How Things Can Go Wrong 1.

Chapter 5 Good Company.

Chapter 6 Capital.

Chapter 7 The Year s Business Plan.

Chapter 8 How Not to Go Bust.

Chapter 9 Cash Flow.

Chapter 10 What s a Contract?

Chapter 11 Conditions of Contract.

Chapter 12 How Things Can Go Wrong 2.

Chapter 13 Cost Centers.

Chapter 14 Pricing Contracts.

Chapter 15 Competitive Tendering.

Chapter 16 How Things Can Go Wrong 3.

Chapter 17 Other Types of Contracts.

Chapter 18 Terms of Payment.

Chapter 19 How Things Can Go Wrong 4.

Chapter 20 Planning Contract Execution.

Chapter 21 Procurement and Monitoring.

Chapter 22 Paying and Getting Paid.

Chapter 23 Consultants.

Chapter 24 Using Your Judgement.

Chapter 25 Health and Safety Aspects of Design.

Chapter 26 Green Engineering and Greenbacks.

Chapter 27 Research and Development.

Chapter 28 The Love of Money.

Chapter 29 Last Words.

Appendix 1 Financial Accounts.

Appendix 2 Critical Path Analysis.

Appendix 3 Project Evaluation Techniques.


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Richard Hill
George Solt
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