Economic & Technical Evaluations in Engineering & Maintenance Projects

• The training course combines presentations and discussions of topics covered with relevant examples
• It combines sound engineering and economic principles, methods, and best industry practices and enforces the learning’s with Case Studies and Question & Answer workshops to maximize the benefits to the participants. Participants will work in groups to perform practical technical and economic evaluations
• Participants will be provided with comprehensive course notes and copies of presentation material that will be very valuable for detailed study and future reference

To provide you with:

• A fundamental understanding of financial and accounting principles, terms, techniques, and best practices
• The tools you need to perform financial evaluations and justify your own project to corporate management
• A fundamental understanding of the technical aspects that should be considered in technical evaluations of projects to ensure their technical viability, mechanical integrity and compliance with applicable regulations, codes, and standards

This Gulf Rowad Economic & Technical Evaluations in Engineering & Maintenance Projects training course is pitched to appeal to professionals with a large range of technical and industrial backgrounds and varying levels of experience seeking to broaden their skills and abilities in economic and technical valuation techniques required across industry.

Design, project, maintenance, and plant engineers, supervisors and professionals in the manufacturing, chemical processing, petrochemical, power, food, and other process industries. New graduates will benefit within the short period of two days from the extensive practical experience of the instructor.

Organisational Impact

• The company will be able to implement fit-for-purpose projects solutions that are both technically sound and cost-effective
• Technical and financial resources can be allocated to projects based on their ranking and cost effectiveness
• Heightened business focus among staff will result in operational and financial performance improvements

Personal Impact

• Participants will enhance their understanding of the time value of money and life cycle cost principles
• Participants will learn how to perform key project analyses including technical, economic, and environmental evaluations
• Participants will add to their ability to evaluate the economic and technical impacts of alternative maintenance strategies and methods on maintenance projects and to select the optimum alternative for the specific application while complying with regulatory requirements
• Participants will gain a working knowledge of the various cost estimating methods and how to prepare timely cost estimates that are fit for purpose
• Participants will broaden their technical knowledge base and understand the economic impact of their technical decisions leading to increased contributions in project profitability, technical integrity and reduced downtime
• Participants will enhance their competence and productivity thereby improving their performance level and making additional value added contributions to their organizations