MEC 453

About Course:

Course Code: MEC 453

Course Name: PROJECT EVALUATION, PLANNING AND MANAGEMENT

Credit Hour: 4

P. MAT 147. Analysis of engineering proposals, utilizing time value of money and relevant factors. Alternative proposals. Cost elements involved in engineering products and projects; cost control. Project costing, feasibility criteria, cash flow, payback period, EUAC, present value criterion, future value criterion, internal rate of return, benefit-cost ratio; replacement studies. After-tax project evaluation.

Principles of management; project planning, scheduling and controlling. PERT, CPM. Resource scheduling; materials management. Psychology in administration.

Application of planning and management principles to mechanical and electrical engineering projects. Introduction to Industry and construction management.

Introduction to optimization techniques used in managing mechanical and electrical engineering projects.

Engineering ethics: duties and responsibilities of engineers as professionals through gaining knowledge of philosophy of engineering, engineering ethics, morality, codes .and values

Course Outcomes (COs):

1. Identify and select engineering projects preliminarily

2. Conduct market survey, analyze the availability of raw materials, assess utility requirements, and impact of the project on environment

3. Calculate present value, future value of single amount and annuity of money, measure project risk and carry out financial analysis and risk analysis of projects

4. Draw network and determine critical path and carry out PERT analysis

5. Prepare bid documents, and carry out prequalification and evaluation of bids

6. Understand the concept of social and cost benefit analysis of project, its organization, monitoring and reporting, auditing and evaluation

7. Understand the duties and responsibilities as professionals through gaining knowledge of engineering ethics and demonstrate commitments to make informed ethical decision in professional practice.

Targeted Program Outcomes (POs): PO8, PO11, PO12