Finance for Engineers: Evaluation and Funding of Capital Projects
With flair and an originality of approach, Crundwell brings his considerable experience to bear on this crucial topic. Uniquely, this book discusses the technical and financial aspects of decision-making in engineering and demonstrates these through case studies. It’s a hugely important matter as, of course, engineering solutions and financial decisions are intimately tied together. The best engineers combine the technical and financial cases in determining new solutions to opportunities, challenges and problems. To get your project approved, no matter the size of it, the financial case must be clear and compelling. This book provides a framework for engineers and scientists to undertake financial evaluations and assessments of engineering or production projects.
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Very knowledgable book!,
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|An extraordinary achievement – finally “Finance for engineers”,
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|Superb textbook and reference guide for project finance professionals,
1. Foundations (accounting principles, financial statements, proposals for capital projects, project cash flows, estimation of capital expenditure, etc.)
2. Evaluation (TVM, Discounted CF techniques, inflation, taxation, discount rate, decision analysis, sensitivity analysis, scenario analysis, etc.)
3. Risk Assessment (risk and return, CAPM, CoD, CoE, WACC, Monte-Carlo simulation, real options analysis, etc.)
4. Financing (financial markets, types of loans, project finance, public-private partnerships, etc.)
The best thing about this book is not only the book is extremely well-designed and well-written, not only it is comprehensive and filled with truly useful information but also it contains numerous case studies WITH SOLUTIONS; furthermore, each chapter has multiple review questions / problems WITH SOLUTIONS.
In other words, this superb all-encompassing book is perfect for self-study.
I am not sure why the author thought this book’s target audience is engineers – I believe every type of professionals working on capital projects, including financial professionals, engineers, lawyers and government officials would greatly benefit from this book.
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