1.011 Project Evaluation, Spring 2005

Abstract

1.011 examines methodologies for evaluating civil engineering projects, which typically are large-scale, long-lived projects involving many economic, financial, social, and environmental factors. Topics covered include: basic techniques of engineering economics including net present value analysis, life-cycle costing, benefit-cost analysis, and other approaches to project evaluation; resource and cost estimation procedures appropriate for large-scale infrastructure systems; and incorporating service quality, risk, environmental impacts, and other factors within the evaluation process. Examples are drawn from building design and construction, transportation systems, urban development, environmental projects, water resource management, and other elements of both the public and private infrastructure.