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Engineering Project Economics (4 cr)

Code: TSAE0500-3014

General information


Enrollment

01.11.2024 - 09.01.2025

Timing

13.01.2025 - 18.05.2025

Number of ECTS credits allocated

4 op

Mode of delivery

Face-to-face

Unit

School of Technology

Campus

Lutakko Campus

Teaching languages

  • English

Seats

20 - 35

Degree programmes

  • Bachelor's Degree Programme in Electrical and Automation Engineering

Teachers

  • Ari Kuisma

Groups

  • TAR22S1
    Bachelor's Degree Programme in Automation and Robotics
  • 16.01.2025 11:30 - 14:00, Engineering Project Economics TSAE0500-3014
  • 23.01.2025 11:30 - 14:00, Engineering Project Economics TSAE0500-3014
  • 30.01.2025 11:30 - 14:00, Engineering Project Economics TSAE0500-3014
  • 06.02.2025 11:30 - 14:00, Engineering Project Economics TSAE0500-3014
  • 13.02.2025 11:30 - 14:00, Engineering Project Economics TSAE0500-3014
  • 20.02.2025 11:30 - 14:00, Engineering Project Economics TSAE0500-3014
  • 06.03.2025 11:30 - 14:00, Engineering Project Economics TSAE0500-3014
  • 12.03.2025 14:15 - 16:45, Engineering Project Economics TSAE0500-3014
  • 19.03.2025 14:15 - 16:45, Engineering Project Economics TSAE0500-3014
  • 26.03.2025 14:15 - 16:45, Engineering Project Economics TSAE0500-3014
  • 02.04.2025 14:15 - 16:45, Engineering Project Economics TSAE0500-3014
  • 09.04.2025 14:15 - 16:45, Engineering Project Economics TSAE0500-3014
  • 16.04.2025 14:15 - 16:45, Engineering Project Economics TSAE0500-3014
  • 23.04.2025 14:15 - 16:45, Engineering Project Economics TSAE0500-3014
  • 30.04.2025 14:15 - 16:45, Engineering Project Economics TSAE0500-3014

Objectives

You know the key terms and principles of the economics of a design project. You are able to prepare an offer and monitor financial development during the project implementation phase. You develop your leadership skills in an expert organization and understand the impact of management on the success of the company.

Content

Management
Project accounting
Project pricing exercise

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

(1)
You understand the basics of the economy of a engineering project. You are able to price a product. You know some terminology and part of the other contents of the course. You lack some of the knowledge and skills.

(2)
You understand the basics of the economy of a engineering project. You are able to price a product. You know the terminology and some financial accounting.

Evaluation criteria, good (3-4)

(3)
You understand the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting.

(4)
You master the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting. You are able to make investment calculations and a budget.

Evaluation criteria, excellent (5)

(5)
You are able to handle the accounting of a company or a project. You master the costing and are able to implement your knowledge in practice. You master the budgeting and investment calculations. You are able to make decisions based on the financial details.

Prerequisites

Basic understanding of automation- and electrical enginerring projects.