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Engineering economics, project management, professional report writing, project research methods, and safety in the process industry.
TOPICS• Capital and operating cost estimation• Economic evaluation, project management, contracts• Ethics, interviews, employment contracts• Tools for process optimisation• Control strategy development• Hazard identification methods and risk estimation techniques used in the process industry (PAG, 10)
Be able to estimate the capital cost of a chemical engineering processUnderstand the time value of money as it is applied to investment decisionsBe able to evaluate the economic worth of a chemical engineering processUnderstand the relationship between company accounts and engineering decisionsUnderstand social and cultural matters that might influence investment decisionsUnderstand some ethical and employment matters that might affect chemical engineersUnderstand company accounting well enough to be able to determine the effect of engineering projects on company financial statementsBe able to apply control strategies to plant design and operationBe able to apply hazard identification methods such as HAZOP and order-of-magnitude risk estimation techniques
Students must attend one activity from each section.
CONCERNSStudents with concerns about the course should contact any of the lecturers listed above, the 3rd Pro Director of Studies (Alex Yip) or the Head of Department.LECTURES:All except the last 10 will be given by Ken Morison. The last 10 will be given by Peter Gostomski.
Towler, Gavin P. , Sinnott, R. K;
Chemical engineering design : principles, practice, and economics of plant and process design;
USEFUL TEXTBOOKSBouman, R.W., Jesen, S.B., Wake, M.L. & Earl, W.B. (2005) Process Capital Cost Estimation for New Zealand 2004, Society of Chemical Engineers New Zealand. (Available to students on Learn).Towler, G.P. and Sinnott, R.K., (2014) Chemical Engineering Design: Principles, Practice and Economics of Plant and Process Design, 2nd ed, Butterworth-Heinemann, Oxford. (1st edition is available as an ebook from the library).
Students may obtain the general policies of the University from the website. For example:Special considerations: http://www.canterbury.ac.nz/study/special-consideration/ Academic Appeals of Assessments: Students with concerns about assessment processes or grades should be advised to speak first with the relevant lecturer. If the matter cannot be resolved, then the student should meet and discuss the matter with the head of department/school and thereafter follow the procedures outlined in the University procedures https://www.canterbury.ac.nz/about/governance/ucpolicy/student/academic-appeals-and-grievances-principles-and-procedures/.Reconsideration of grades: If you are concerned that your final grade may be incorrect it is suggested (for CAPE) that you make an informal query to the course coordinator, but you may follow the official procedures: http://www.canterbury.ac.nz/study/examinations/result-dates-and-appeals/ Disabilities: http://www.canterbury.ac.nz/disability/
RELATION TO OTHER COURSESThis is a compulsory course. It is required for entry to ENCH494 and provides preparation for graduate employment.
Capital cost and economics, due Friday 15 March, 5 pm 7.5%Project decisions, due Friday 29 March, 5 pm 7.5%Financial reporting, due Friday 3 May, 5 pm 7.5%Control systems, due Friday 17 May, 5 pm 7.5%Hazop, due Friday 31 May, 5 pm 15%Final Exam 55%
Domestic fee $1,080.00
International fee $5,250.00
* Fees include New Zealand GST and do not include any programme level discount or additional course related expenses.
For further information see
Chemical and Process Engineering.