Practical Engineering Economics
DISCLAIMER
Before undertaking any on-demand effort, you should review the rules of your licensing/certifying entity.
It’s your responsibility to determine whether this on-demand course meets your continuing education requirements.
You must take and pass a quiz to receive credit. You can take the quiz as many times as needed and there is no time limit on the quiz.
Once the quiz is completed, you will be asked to download your certificate.
**Any on-demand programs that qualify for AIA or LACES credit will require an additional 2 business weeks for processing.
**AIA credit is not available in USB format.
Streamable MP4/PDF
You will receive an automated email letting you know when your On-Demand package is available approximately 3 business days after the date of the live event or the date of your order, whichever is later.
**Any streamable on-demand programs that qualify for AIA or LACES credit will require an additional 2 business weeks for processing.
The automated email letting you know when your On-Demand package is available will contain links to the video recording, materials, and program quiz.
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Click the link which appears at the end of the video to be taken to the course quiz.
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USB MP4/PDF
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**Any USB on-demand programs that qualify for LACES credit will require an additional 2 business weeks for processing.
**AIA credit is not available in USB format.
The link to the quiz will be available in a PDF in your USB drive marked QUIZ.
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Please contact HalfMoon Education if you have any questions during the process of taking this course. (715) 835-5900 or qchapman@halfmoonseminars.org
Agenda
Webinar instructions will be emailed before the date of the webinar.
Please log into the webinar 15 – 30 minutes before start time.
Log into Webinar
8:00 – 8:30 am CDT
Morning Session
8:30 am – 12:10 pm CDT
Break
12:10 – 12:40 pm CDT
Afternoon Session
12:40 – 4:20 pm CDT
Presented by
Ha Yeung (Henry) Yu
Using Economic Principles to Make Better Engineering Decisions
Economic principles for engineers
Basics of economic analysis
Costs and revenues
Break even analysis
Engineering Projects and the Time Value of Money
The time value of money
Understanding interest formulas
Effective interest rate
Comparing the value of alternatives
Calculating Present, Future and Annual Worth
Present worth: concept, applications and calculation
Future worth: concept, applications and calculations
Annual worth: concept, applications and calculations
A few words about depreciation
Applying Economics to Engineering: Equipment Purchase Cost Estimating
Types of estimates
Cost quotes and other relevant data
Methodology
Applying Economics to Engineering: Estimating Production Costs
Assembling cost data
Estimating methods
Applying Economics to Engineering: Economic Evaluation of Projects
Common evaluation methods:
Payback method, net present value method, return on investment, annual cost, and others
Analyzing risk and other factors
Webinar Instructions
All attendees must log-on through their own email – attendees may not watch together if they wish to earn continuing education credit. HalfMoon Education Inc. must be able to prove attendance if either the attendee or HalfMoon Education Inc. is audited.
Certificates of completion can be downloaded in PDF form upon passing a short quiz. A link to the quiz will be sent to each qualifying attendee immediately after the webinar. The certificate can be downloaded from the Results page of the quiz upon scoring 80% or higher.
Webinars are presented via GoToWebinar, an easy-to-use application that can be run on most systems and tablets. Instructions and login information will be provided in an email sent close to the date of the webinar. It is highly recommended that you download, install and test the application before the webinar begins by clicking on the link in the email.
GoToWebinar App requirements:
Windows 7 – 10 or Mac OSX Mavericks (10.9) – macOS Catalina (10.15)
Web Browser:
The two most recent version of the following browsers:
Google Chrome, Mozilla Firefox, Apple Safari, Microsoft Edge
Internet Explorer v11 (or later) with Flash enabled
Internet connection: Minimum of 1Mbps Hardware: 2GB RAM or more
For more information, visit the Support section at www.gotowebinar.com
Credits
Professional Engineers
7.0 PDHs
Continuing Education Credit Information
This webinar is open to the public and is intended to offer 7.0 PDHs to professional engineers.
HalfMoon Education is an approved continuing education sponsor for engineers in Florida (Provider No. 0004647), Indiana (License No. CE21700059), Maryland, New Jersey (Approval No. 24GP00000700) and North Carolina (S-0130). Most other states do not preapprove continuing education providers or courses.
This educational activity has been evaluated and accredited by The Practicing Institute of Engineering for 7.0 PDHs. It is deemed approved for New York engineers via this accreditation (Regulations of the Commissioner §68.14(i)(2)).
Attendance will be monitored, and attendance certificates will be available after the webinar for those who attend the entire course and score a minimum 80% on the quiz that follows the course (multiple attempts allowed).
Speakers
Ha Yeung (Henry) Yu, P.E. P.Eng. PMP LEED Green Associate CTS
Senior Cost Engineer, Port Authority of New York and New JerseyMr. Yu is a licensed professional engineer in New York State and the Provinces of Alberta and British Columbia, Canada. Mr. Yu is a project management professional (PMP), a LEED green associate and an AVIXA certified technology Specialist. He possesses extensive experience in planning and management for diversified domain construction projects ranging from medium to large-scale industries, and he has an in-depth understanding of engineering design and construction management. He also provides on-call service as a FEMA substantial damage estimator. Mr. Yu’s areas of expertise includes heavy civil construction, cost estimating, value engineering, project scheduling, feasibility studies, risk assessment, asset management and lifecycle cost analysis. He has conducted cost estimating training programs by invitation of the New York City Economic Development Corporation, and has been teaching the cost estimating and project management lectures for more ten years for the New York City Local 3 electricians, plumbers, carpenters and workers of other trades at the SUNY Empire State College and the Mechanics Institute of the General Society of Mechanics and Tradesmen.
