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For long term sustainability, a company must focus on its Triple Bottom Line (Financial performance, Environmental performance and Sociological performance). This subject will cover the key parameters needed to manage performance in each of these areas for both new projects and redevelopments.
This is the key chemical engineering economics subject which introduces students to process plant economics. It is a key subject that is required to be mastered before the capstone Design Project can be attempted.
This subject will include the following topics:
- Project Management: The stages of a project; how to conduct a feasibility study; team building; communication; network analysis
- Financial performance: Revenue, capital and operating cost forecasting; simple accounting; profitability analysis and applications
- Environmental performance: Sustainable development; global warming & emission control; water management
- Sociological performance: Safety Management; ethics; intellectual property etc.
Intended learning outcomes
On completion of this subject the student is expected to
- Analyse and evaluate competing economic, environmental and social impacts criteria in generating feasibility studies for new projects and re-developments
- Demonstrate an ability to utilise contemporary project management skills when undertaking large projects
- Defend decisions made relating to safety, ethics and legal requirements made as a practicing engineer
- Strong reasoning and analytical skills, particularly when presented with complex and unfamiliar problems
- Strong communication skills, both verbal and written forms
- Skills to work as an efficient and effective team member.
Last updated: 3 November 2022