Engineering Economy & its Functions
5 DaysEngineering Economy & its Functions
The British Academy for Training and Development offers a course in Engineering Economics and its Functions, highlighting the significant relationship between economic and engineering sciences. Engineering economics can be seen as a part of engineering management that focuses on the logical application of economic production work. In engineering projects, both the engineering and economic aspects must be studied simultaneously. Typically, economic studies take precedence over engineering studies in project evaluation. In other words, if a project lacks economic viability, it will be canceled immediately, regardless of the engineering advantages it may possess. This necessity has led to the establishment of what is known as engineering economics or engineering management.
Overview
Course Objectives
This Course is provided for the following Target Audience:
- Directors and owners of large commercial and industrial companies.
- General Managers in public and private companies.
- Directors of internal audit offices in companies.
- Managers of the audit and audit department in companies.
- All employees in the field of financial control in companies.
- All students seeking contemporary approaches in financial auditing and how to detect risks.
How participants will benefit from attending a riskـbased audit course:
At the end of the course, the participants will know:
- Methods of modern and contemporary financial auditing and its role in building the mechanism of work and directing management.
- Risks and problems that may be discovered by company managers through the company’s auditors and financial auditors.
- The great role of financial auditing and the role of internal audit offices in avoiding the company’s financial problems.
- Disclosing the problems and mistakes of the company’s financial accountants and reviewing the financial reports.
Course Outline
- Material management planning.
- Programming or preliminary design of materials management.
- Purchase and vendor control.
- Construction processes.Summary liquidation.
- Sourcing skills and equipment capital expenditure projects.
- Investment concept.
- Study of investment opportunities.
- Feasibility study of investment.
- Technical feasibility study.
- Marketing feasibility study.
- Final Evaluation.
- Project implementation stage.
- Transactions stage and its characteristics.
- Introduction to Project Risk Management.
- Sources of Project Risks.
- Project Risk Analysis.
- Risk Management Laws, Principles and Standards.
- Risk Management - Implementation Strategy / Plan.
- Methods of risk assessment.
- Precautions to be taken for avoiding risks.
- Relationship between risks and the institution policies and procedures.
- Reasons for assessing risks and taking the necessary precautions.
- Methods of certification of risk assessment and necessary precautions.
- Methods of dealing with some risks resulting from corruption.
- The proper time to take the necessary precautions.
- Risk assessment categories.
- Risk assessment field work.
Schedule & Fees
No upcoming sessions at the moment. Contact us for custom scheduling.