This mini-lesson includes learning objectives, background information, discussion questions, an activity, and sources of additional information.
Learn what a
Essential Skills for Team Project
To lead/cooperate technical projects, drive innovation, and influence others.
What is Project Engineering responsibility:
1. Become more influential 2. Improve your ability to effec
Professor C. Biancardi Principles of Engineering Economics and Project Management
1. 2. 3.
7. 8. 9. 10.
Money has a time value Make investments that are economically justified Choose the mutually exclusive i
Time Value of Money Money
After studying this chapter, you should be able to: you
1. 2. 3.
5. 6. 7.
Understand what is meant by "the time value of money." Understand the relationship between present and future value. Describe how the interest rate c
H ow to Wr i te an Effecti ve B usi ness
Get t ing all t he key issues, pr oblems, i nt er connect ions, unknowns, r esour ce r equir ement s, and t iming issues out in t he open wher e you can see t hem and f igur e out how t o move for war d.
T imet abl
B usiness Plan Wr iting T eam P r oject
E ssent ial Skills for Team Pr oject
D escr iption
To lead/cooper at e t echnical pr oject s, dr ive innovat ion, and i nfluence ot her s.
What is I ndividual Engine
Lecture No.2 Professor C. Biancardi Principles of Engineering Economics and Project Management
Rational Decision- making Process The Engineers Role in Business Types of Strategic Engi
Intertemporal exchange trading current consumption for future consumption; i.e. lending and borrowing. Consumption smoothing spending is smoother than income over time.
labor income consumpt