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Engineering Economic Analysis: Advantages and Disadvantages

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What are the advantages and disadvantages of performing an engineering economic analysis? What are some of the challenges and issues that might be encountered during the process of performing such an analysis?

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What are the advantages and disadvantages of performing an engineering economic analysis? What are some of the challenges and issues that might be encountered during the process of performing such an analysis?

Some of the advantages of performing engineering economic analysis is that the economic viability of each problems is considered. The engineering economic analysis is a critical factor in getting a project accepted. Questions regarding finance and cash flow can be answered as cash flow analysis is performed. The engineering economic analysis performs cost/benefit analysis and so becomes a strong tool for 'selling' the project. Several important management analysis are considered in ...

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ENGINEERING ECONOMIC ANALYSIS

What are the advantages and disadvantages of performing an engineering economic analysis? What are some of the challenges and issues that might be encountered during the process of performing such an analysis?

The Book that I am using Project Management Process Methodologies, and economics 2nd editions.

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