Engineering Finance (III)

Course Overview

This is a two-day advanced online course presented by Engineering Training and Mentorship using MS Teams. It is designed for Engineering Managers, Technical Managers, Engineers, Certificated Engineers, Technologists and Technicians across all engineering disciplines.

Attendees will obtain a certificate of attendance and may claim 2 CPD points with ECSA.

Course Synopsis

This course is designed to create a practical balance between the technical and financial disciplines, enabling participants to evaluate engineering decisions not only from a technical perspective, but also from a financial and commercial standpoint.

Note: Candidates attending this course must have basic accounting knowledge or must have completed Engineering Finance (1) or Engineering Finance (2).

Course Modules

1. Introduction to Basic Financial Concepts
2. Financial Risk Analysis & Cost Estimation Under Uncertainty
3. Financial Accounting for Engineers

   Income Statement, Balance Sheet, Cash Flow Statement

4. Project Finance

   Time Value of Money and Project Justification

5. Funding of Technical Projects
6. Product Life-Cycle Costing

Main Objective

There is a significant gap amongst technically qualified professionals when it comes to financial knowledge, both in South Africa and internationally.

The main objective of this course is to equip participants with advanced financial knowledge and practical tools that empower both individuals and organisations to make engineering decisions that are financially, commercially, and strategically sound at both project and company level.