ENGINEERING ECONOMICS AND FINANCIAL
                     MANAGEMENT
                       CHANDUONGNGUYEN
                        Aalborg University
                                                              TheSchoolofEngineeringandScience
                                                              StudyBoardofCivilEngineering
                                                              ThomasMannsVej23
                                                              9220AalborgØ
                                                              Phone 99 40 84 84
                                                              http://www.civil.aau.dk
               Project title:                      Synopsis:
                 Engineering Economics and
                 Financial Management               When engineering is considered, it is usually the
                                                    technical aspect that is associated with engineering.
               Timeperiod:                          However, engineering also consists of the economical
                 1st of February                    andfinancialaspect, as a construction project take basis
                 to 15st June                       in economy and financing through a client.
               Participants:                        This report take basis in three main chapters. Chapter 2
                                                    gives and understanding of the overall macroeconomics
                 ChanDuongNguyen                    and microeconomics, which can influence the building
                                                    industry. Important elements within these have been
               Supervisor(s):                       emphasised, as these two areas are very broad. A brief
                                                    overview of the phases in the building industry is also
                 Lene Faber Ussing                  covered.
               Report pages: 25                     Through chapter 3 it is possible to assess how the
               Completed: 15/06 - 2018              economic planning for a construction project is carried
                                                    out. This consist of how cost for a project is estimated,
                                                    howtimeaffect money, and how different decisions are
                                                    madewithbasis in income or probability.
                                                    Chapter 4 covers elements within accounting through
                                                    assets, liability, and the double entry book keeping.
                                                    These overall make is possible to determine revenue
                                                    and expenses, where the profit for the specified period
                                                    can be deduced.   Further, depreciation with three
                                                    different methods is outlined.
                                                    In the discussion it is suggested to implement value
                                                    engineering, as it can affect the project positively.
                                                    With basis in these three main areas, it is possible to
                                                    get a general understanding of how the economical
                                                    perspective for engineers is perceived and performed.