Introduction
Basic Cost Engineering was developed by Dr. Robert C. Creese, professor of Industrial and Management Systems Engineering at WVU. This course meets the 15 professional development hour (PDH) requirements needed for professional engineering licensing renewal in many states. The course was approved by the Continuing Education Department of WVU for 1.5 Continuing Education Units (CE Units), which is equivalent to 15 PDH's.

Computer Requirements
Internet Explorer

Course Outline
Session I (3 hrs)
Engineering Economic Terms
Simple Interest
Compound Interest
Nominal Interest Rate
Effective Interest Rate
Cash Flow Diagram
Discrete Payment/Discrete Compounding
Quiz I

Session II (3 hrs)
Equal Payment Series Future Worth
Equal Payment Series Present Worth
Equal Payment Series Sinking Fund
Equal Payment Series Capital Recovery
Uniform Gradient Series Payments
Geometric Gradient Series Payment

Session III (3 hrs)
Equivalence
Basis for Comparison of Alternatives
Present Worth Method
Equivalent Uniform Annual Cost Method
Future Worth Method
Rate of Return
Payback Period
Quiz III

Session IV (3 hrs)
Depreciation Conventions
Methods of Depreciation
Straight Line Depreciation
Declining Balance Method
Units-of-Production (UOP) Method
Modified Accelerated Cost Recovery System
Expense Depreciation [Section 179]
Depletion
Cost Depletion
Percentage Depletion
Quiz IV

Session V (3 hrs)
Introduction to Income Taxes
Income Tax Terminologies
Before Tax Cash Flows and After Tax Cash Flows
Inflation
Price Index Terminologies
Actual Dollars vs Constant Dollars
Relationship Between f, im, ir
Benefit Cost Ratio (B-C ratio)
Conventional B-C ratio
Modified B-C ratio
Quiz V

Students must complete each session successfully before proceeding to the next one. Participants can retake the quizzes until they successfully complete them. Credit is awarded at the completion of the five units.

Cost
$352, Visa, Mastercard, Discover accepted.

Registration

Register online through our secure server or fill out this form and fax or mail it to Extended Learning. You will be given class access by email within five working days. Call 1-800-2Learn2, or email WVUEnrich@mail.wvu.edu if you have any questions. Major credit cards and electronic checks are accepted.

Questions about the class

Contact Robert.Creese@mail.wvu.edu, (304)293-4607 x 3711.
For more information visit: www.cemr.wvu.edu/~wwwbce/index.htm.