Course Title: Process Plant Economics and Management

Part A: Course Overview

Course Title: Process Plant Economics and Management

Credit Points: 6.00

Course Code	Campus	Career	School	Learning Mode	Teaching Period(s)
PROC2065	City Campus	Undergraduate	120H Civil, Environmental & Chemical Engineering	Face-to-Face	Sem 2 2006, Sem 2 2007

Course Coordinator: Dr. Raj Parthasarathy

Course Coordinator Phone: +61 3 99252941

Course Coordinator Email: rchrp@rmit.edu.au

Course Coordinator Location: 07.02.02

Pre-requisite Courses and Assumed Knowledge and Capabilities

Pre-requisite: PROC2066 Process Plant Design

Course Description

This course helps you to develop skills in estimating capital and operating costs of process plants and evaluating project profitability. It will also cover issues related to the way in which individuals can work within organisations both as individuals and as members of teams. The aim is to prepare you better for the environment in which you will find yourself after graduation and open your mind to the issues which management face when trying to maximise productivity, profitability, employee satisfaction and loyalty. This course helps you to develop most of the graduate attributes with the intention of making you employable and keeping you employed.

Objectives/Learning Outcomes/Capability Development

This course will help you to develop your capabilities in evaluating project profitability and applying management principles to professional engineering practice.

After completing this course, you should be able to:
• analyse market potential for process industry products and forecast their demand and selling price
• estimate fixed and working capitals, and operating costs for process plants
• evaluate the profitability of process industry projects using measures such as ROI, NPV and DCFR 
• recognise that management competencies, and business and social responsibilities are essential components of engineering profession
• apply human, physical and financial resource management to professional engineering practice using case studies, problems and examples
• function effectively in multidisciplinary teams
• discuss the impact of engineering solutions in a global and societal context through an awareness of contemporary issues

Overview of Learning Activities

This course will use lectures, interactive tutorials, and directed reading to develop your knowledge and skills in selected topics. Lectures will provide a guide to the scope of practical learning whereas tutorials will provide examples and guidance in calculation methods.

Overview of Learning Resources

Learning resources for this course include prescribed text books and course notes. In addition, a number of other text books and journals could be referred for the course topics. The details of prescribed text books will be made available in Part B of this course guide and in the Learning Hub. Learning materials for the ’Process Plant Economics’ section of this course will be available through RMIT the Learning Hub.

Overview of Assessment

Written assessments will be used in the evaluation of your learning in this course. The assignments and the final examination will assess your ability to evaluate process industry project profitability and apply basic principles of management to engineering practice.