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Description
1.011 Project Evaluation covers methodologies for evaluating civil engineering projects, which typically are large-scale and long-lived and involve many economic, financial, social and environmental factors.
The course places an emphasis on dealing with uncertainty. Students learn basic techniques of engineering economics, including net present value analysis, life-cycle costing, benefit-cost analysis, and other approaches to project evaluation. Examples are drawn from both contemporary and historical projects in various fields, including transportation systems, urban development, energy and environmental projects, water resource management, telecommunications systems, and other elements of the public and private projects and programs.
Course Curriculum
- Introduction and motivation; Initial discussion of project Unlimited
- Introduction to public and private projects, evaluation methods and project evaluation checklists Unlimited
- Project costs and revenues; Stakeholder perspectives (public vs. private) Unlimited
- Time value of money; Equivalence relationships Unlimited
- Discount rates, minimally acceptable rate of return (MARR), rate of return on investment (IRR) Unlimited
- High speed rail (HSR) case Unlimited
- HSR Case (cont.) Unlimited
- Dealing with uncertainty Unlimited
- Project evaluation in developing countries, Case Unlimited
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