154x Filetype PDF File size 2.62 MB Source: projekter.aau.dk
ENGINEERING ECONOMICS AND FINANCIAL MANAGEMENT CHANDUONGNGUYEN Aalborg University TheSchoolofEngineeringandScience StudyBoardofCivilEngineering ThomasMannsVej23 9220AalborgØ Phone 99 40 84 84 http://www.civil.aau.dk Project title: Synopsis: Engineering Economics and Financial Management When engineering is considered, it is usually the technical aspect that is associated with engineering. Timeperiod: However, engineering also consists of the economical 1st of February andfinancialaspect, as a construction project take basis to 15st June in economy and financing through a client. Participants: This report take basis in three main chapters. Chapter 2 gives and understanding of the overall macroeconomics ChanDuongNguyen and microeconomics, which can influence the building industry. Important elements within these have been Supervisor(s): emphasised, as these two areas are very broad. A brief overview of the phases in the building industry is also Lene Faber Ussing covered. Report pages: 25 Through chapter 3 it is possible to assess how the Completed: 15/06 - 2018 economic planning for a construction project is carried out. This consist of how cost for a project is estimated, howtimeaffect money, and how different decisions are madewithbasis in income or probability. Chapter 4 covers elements within accounting through assets, liability, and the double entry book keeping. These overall make is possible to determine revenue and expenses, where the profit for the specified period can be deduced. Further, depreciation with three different methods is outlined. In the discussion it is suggested to implement value engineering, as it can affect the project positively. With basis in these three main areas, it is possible to get a general understanding of how the economical perspective for engineers is perceived and performed.
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