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EMS5CE Cost Engineering: - With the study of this academic unit, scholars will get an introduction about this coursework as this subject gives the scholars with the advanced concepts of engineering economic analysis and its importance in the decision making of engineering. Total Cost management and its practice to project management of engineered projects is a specific focus. This study unit is made to offer the tools to the scholars, which are required for thorough presentation of the effect of time value of capital in engineering issue solving and capability to work with efficient and ethical professionalism. This academic coursework will involve an evaluation of present worth analysis, the rate of return, future worth analysis, annual cash flow, incremental analysis and payback period. Scholars will be needed to conduct a substantive case study from an industrial operations setting of the real world.
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