Financial management principles, time value of money, discrete assets considerations, continuous assets considerations, identification of cost elements, cost prediction methods, regulatory economics, financial case development, engineered asset repair-replace decision making.
Subject Learning Outcomes : On successful completion of this subject, students will be able to:
1. Understand the approach taken to developing financial cases.
2. Understand the data requirements for financial modelling and decision making.
3. Demonstrate a working knowledge of the basic tools for valuation of projects.
4. Demonstrate a working knowledge of the identification of cost streams to the required level of accuracy for financial planning and project evaluation.
5. Demonstrate a working knowledge of basic financial modelling techniques for typical engineered asset management situations.
6. Put together a financial case utilizing the assistance of a management accountant as appropriate.