Strategic Cost Analysis: For Project Managers and Engineers

KEY FEATURES:

* Coverage of all cost analysis strategies in easy-to-understand language.
* Planning and execution of projects are lucidly explained with worked out examples.
* Techniques for successful management of projects are explained clearly.
* Before-tax and After-tax cash flow analysis.
* Importance of cash flows rather than profits in project management and engineering economics is highlighted through examples.
* Basic engineering economic expressions are explained through many examples.
* Modern project evaluation techniques for successful project management are explained.
* Many practical cases and examples are presented and explained.
* All monetary values are in US$ (US Dollars).

ABOUT THE BOOK:

This book presents the basic tools of strategic cost analysis and engineering economy principles used by managers, engineers, estimators, project planners and project management personnel. The areas of emphasis are:

Cash Flow, Profits, Financial Statements and the Purecell 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 ratio and project balances and basic Probability and Risk Analysis.

Many illustrative problems are included in the book to provide practice in using the expressions and techniques presented.

CONTENTS:

* Cash Flows, Profits, Financial Statements and Interest Values
* Expressions used in Engineering Economics
* Gradient Expressions
* Depreciation, Taxes and Profits; Basic Concepts and Advanced Concepts
* Project Evaluation Techniques; Basic Techniques
* Project Evaluation Techniques (Based on Internal Rate of Return, Benefit-Cost Ratio and Practical Cases and Examples)
* Evaluative Questions and Answers: Problems and Solutions (Chapterwise)
* Appendix: Formula Sheets and Tables and Values for Engineering Economic Expressions

READERSHIP:

* Undergraduate and postgraduate students and teachers of Mechanical Engineering, Production Engineering and Industrial Engineering
* University and college libraries
* Professionals and practising engineers, project managers, construction engineers, industry planners, cost engineers and financial executives responsible for executing larger scale engineering projects.

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Dr Robert C Creese is a Certified Cost Engineer and Professor of Industrial and Management Systems Engineering at West Virginia University, USA. He has taught the courses on Engineering Economy, Advanced Engineering Economics and Costing and Estimating for Manufacturing at Pennsylvania State University, Grove City College and West Virginia University, USA and at Aalborg University, Denmark. He is a Fellow of the Association for the Advancement of Cost Engineering, International (AACEI), received the Charles V. Keane Service Award and Brian D. Dunfield Educational Service Award instituted by AACE, and has been actively associated with the West Virginia Chapter of AACEI for nearly 20 years. He is a Life Member of AACE International, ASEE and ASM. He is also a Member of ISPA, SCEA, AIST, AWS, AFS and SME.

He has obtained his BS Degree in Industrial Engineering from Penn State University, an MS Degree in Industrial Engineering from University of California-Berkeley and PhD Degree in Metallurgy from Penn State University, USA.

He has authored and co-authored many textbooks and over 100 technical papers. He has organized several industry sponsored training programmes in Cost Analysis and Cost Management for the benefit of professional engineers and managers working in industries.

Dr M Adithan is presently Senior Professor of Mechanical Engineering and Director, Academic Staff College, VIT University, Vellore, Tamil Nadu. He served at Indian Institute of Technology (IIT), Madras (Chennai) and National Institute of Technical Teachers' Training and Research (NITTTR), Chandigarh. He has also been a Visiting Professor in Manufacturing Engineering and Engineering Technology at Brigham Young University, Provo, Utah, USA, and at University of Technology, Malaysia. He was an UNESCO Fellow at Ohio State University, Columbus, Ohio, USA.

He has obtained his BE (Hons) (Mechanical Engineering), MSc (Production Engineering) from College of Engineering, Guindy, Chennai and PhD from IIT, Madras (Chennai).

He has published a number of research papers in national and international journals and is a co-author of several textbooks and other instructional materials.