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Six Ways to Perform Economic Evaluations of Projects

COURSE NO: B03-003
Six Ways to Perform Economic Evaluations of Projects
Note: New Jersey, New York, Ohio and Pennsylvania Professional Engineers: This course does not qualify for PDH credit by your State Licensing Board. For complete information, please visit the websites of the NJNYOH and PA State Licensing Boards.
Course Highlights

This online engineering PDH course discusses the money issues. The objective is that while engineers find it necessary to learn the basic accounting and business principles to communicate with accountants; few accountants are willing to learn the engineering details. The basic cost evaluation techniques presented in the course shall help engineers to "think like MBAs and act like engineers".


Installed costs and capital offsets are important economic parameters for evaluation of proposed investment. The concept of money having a time value is fundamental to understanding any economic or financial analysis. This course provides basic fundamentals of cost evaluating that could be applied to new, retrofitting, expansion and modification projects.


This 3 PDH online course is intended for managers, engineers, architects, scientists, auditors, campaigners, academics, equipment manufacturers and designers.

Learning Objectives

This PE continuing education course is intended to provide you with the following specific knowledge and skills:

  • Understanding the six fundamental methods of cost analysis:
    • Payback Method
    • Return on Investment (ROI)
    • Total life cycle cost (present value method)
    • Savings/investment ratio (benefit/cost ration method)
    • Net present Value (NPV)
    • Internal rate of return (IRR)
  • Be aware of commonly-used financial terminology and concepts
  • Be able to judge and select the right project alternative
Course Document

In this proessional engineering CEU course, you need to review the document titled "Six Ways to Perform Economic Evaluation of Projects".

To view, print and study the course document, please click on the following link(s):
Six Ways to Perform Economic Evaluations of Projects (586 KB)
Course Quiz
Once you complete your course review, you need to take a multiple-choice quiz consisting of fifteen (15) questions to earn 3 PDH credits. The quiz will be based on the entire document.


The minimum passing score is 70%. There is no time limit on the quiz, and you can take it multiple times until you pass at no additional cost.
Certificate of Completion

Upon successful completion of the quiz, print your Certificate of Completion instantly. (Note: if you are paying by check or money order, you will be able to print it after we receive your payment.) For your convenience, we will also email it to you. Please note that you can log in to your account at any time to access and print your Certificate of Completion.

To buy the course and take the quiz, please click on: