Engineering Money: Financial Fundamentals for Engineers

Engineering Money: Financial Fundamentals for Engineers book cover

Engineering Money: Financial Fundamentals for Engineers

Author(s): Richard Hill (Author), George Solt (Author)

  • Publisher: Wiley
  • Publication Date: 3 Sept. 2010
  • Edition: 1st
  • Language: English
  • Print length: 194 pages
  • ISBN-10: 0470546018
  • ISBN-13: 9780470546017

Book Description

There are many text books about engineering design and some include project evaluation techniques. There are text books on accounting methods and yet others on business management. This book does not aim to replace these specialized texts but brings together the elements of these subjects that young engineers working in industry – particularly the construction industry and its customers – need to understand.

Most engineers learn about money the hard way: by experience in the workplace. The authors having done this themselves recognized the gap in engineers’ education and set out to bridge it. This book is based on a 1996 course George Solt pioneered for final-year engineering undergraduates. The book is written in an approachable style and gives young engineers as well as mature engineers an insight into the way engineering businesses run, the importance of capital and the problems of cash flow.

Editorial Reviews

Review

“Engineering Money is an excellent book for an undergraduate course dealing with return on investment issues for any contracted project, but particularly for engineering projects. The one-liner summary items would provide excellent starting points for a spirited class discussion. Highly recommended. Lower-and-upper division undergraduates.” (Choice , 1 April 2011)

From the Inside Flap

Get the must-have knowledge every engineer needs regarding finance in this much-needed guide

When starting out on their careers, most engineers are unaware that successful engineering projects depend as much on money as they do on technology and that the two are inextricably linked. They eventually learn on the job that money is the only common measure we have for labor, materials and energy and it is therefore essential to managing any project. Traditional engineering education generally ignores financial matters. This book fills the gap by by preparing young engineers on the role finance plays in their projects before they embark on their careers. Engineering Money:

  • Fills the gap in most engineers’ training and gives young engineers an insight into the way engineering businesses run, the importance of capital, how to raise it, and the problems of cash flow

  • Explains the role of money in managing an engineering project and why an engineer is “a guy who can do for half a dollar what any fool can do for a dollar”

  • Is written in an approachable and entertaining style and includes real-world topics that engineers will face in their profession no matter which part of the world they’re working in

Uniting the basic concepts of engineering design, project evaluation techniques, and accounting methods, Engineering Money delivers an approachable view of finance that gives engineers at all levels the resourcefulness to account for every dollar—and make every cent count.

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