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Course Description

Whether you are using your technical expertise to plan a project within an organization or to seek investors for a new venture, you will need to peer into the financial future of your endeavors. This likely includes identifying potential areas of risk, incorporating the changing value of money over time, and projecting future revenues and rates of return for your proposal.

In this course, you will practice the skills needed to determine whether a new project makes good financial sense. Based on sample calculations and guidance on making projections for a new venture, you will incorporate simple equations to compare the present and future value of money and to determine rates of return, return on investment, and payback periods. Finally, you will consider the uncertainties involved in new project proposals and methods to visualize them for the benefit of you and your stakeholders. By the end of this course, you will have experience calculating critical metrics and analyzing risks, enabling you to fully evaluate the financial viability of a proposed project.

Faculty Author

Alex Woltornist

Benefits to the Learner

  • Use the time value of money to compare options
  • Calculate net present value and internal rate of return for a project
  • Estimate risk for new project proposals

Target Audience

  • Undergraduate and graduate engineers
  • Professional engineers
  • Engineers moving into a finance career
  • Career starters in financial analysis and consulting
  • Computer scientists looking to specialize
  • Research scientists
  • Personal investors
  • Business professionals in STEM teams
  • Engineers interested in entrepreneurship

Applies Towards the Following Certificates

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Enroll Now - Select a section to enroll in
Type
2 week
Dates
Sep 25, 2024 to Oct 08, 2024
Total Number of Hours
10.0
Course Fee(s)
Contract Fee $100.00
Type
2 week
Dates
Dec 18, 2024 to Dec 31, 2024
Total Number of Hours
10.0
Course Fee(s)
Contract Fee $100.00
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