List a variety of engineering economic problems that commonly are found in the business world?

Q: What is contingency basis of employment?

A: The terms "contingent worker," "agile workforce," and "contractor" are commonly heard in the…

Q: 21. Engineering economics can help answer all of the following questions except a. Which…

A:

Q: What criteria would you apply when making professional judgments regarding investments in…

A: Whenever an engineering project is undertaken, the decisions relating to the investments must be…

Q: Why it is said that institution building involves several phases and is a continuous activity?

A: Institution building- Buildings such as colleges, schools, hospitals, etc are called institution…

Q: How can construction project managers reduce the risk of accidents and provide safer projects?

A: Top 5 steps that a construction manager can take to reduse risk of accidents on site:

Q: What might a Compensation Event include

A: A compensation event is an event that is generally not the mistake of the contractor and can change…

Q: When should engineers be expected to blow whistle on dangerous practices of their employers?

A: Before discussing we must have a look on whistle blowing that means what is it exactly. So basically…

Q: As civil engineers explain how automated spreadsheets such as excel can be of help in your chosen…

A: Civil Engineers can get more advantages by the automated spreadsheets because it helps in…

Q: Interpret the objectives of life-cycle costing and discuss the importance of determining building’s…

A: Solution- Objective- The goal of life lifecycle costing would be to minimize life - cycle cost by…

Q: Why do many organizations still use the classical management principle?

A: Classical management theory is a type of management which uses hierarchy, specialized role and…

Q: What is the most important factor to consider as basis for selection of Civil Engineer? Why?

A: Civil engineer is the one who has ability to design and build road , bridges , house etc. A civil…

Q: From the slides and resources presented, why are engineers considered an important segment of the…

A:

Q: In The world today, by a mere association with a person who has engaged in some wrong doings or may…

A: Introduction : Though we make judgments for a variety of reasons, we frequently do so when: 1.We are…

Q: Formulate at least three product/service ideas that will help solve different problems In civil…

A: Introduction- In Civil engineering is a specialized design subject concerned with the designing,…

Q: What are the main reasons why construction industry is quite slow to accept changes in the work…

A: Q10 C Q11 C Q12 D

Q: State some examples of ethical issues which causes the project failure in civil engineering…

A: Solution: The code of ethics has always been the backbone of every engineering branch as it…

Q: What are the environmental impacts of the construction industry?

A: Construction Industry : It encompasses all the businesses that build either houses and office…

Q: How Globalization affect the technopreneurship

A: Technopreneurship - an entrepreneur involved with high technology. Globalization -It is the word…

Q: ngineering?

A: The design,construction and maintenance of the structures is known as civil engineering.

Q: Give an insight and reflection about this "Development of cost engineering system in construction"

A: Introduction:- The current construction pricing system comprises not only budget production at the…

Q: What is the role of Civil Engineers in helping the Agricultural Sector?

A: Civil engineering with such an agricultural aspect could comprise of constructing various systems…

Q: Make an essay. If you will become an engineer manager in 10 years, what principle will you apply in…

A: The main principles I will apply in handling the people if I become an engineer manager:-  Actually…

Q: There has been the recent news of inflated project cost in the country by some politicians. This…

A: Construction cost  It is a cost of built up area means how much we spend on constructing a given…

Q: What must be the engineer manager's primary concern when structuring the organization?

A: Primary concern should be as follows  The resources data should be available for further planning.…

Q: 6. Which of the following is typical ethical issue that engineers encounter ? a) Environmental…

A: ENGINEERING ETHICS IS MORAL BEHAVIOUR THAT IS APPLIED TO ENGINEERING. THE GENERAL PRINCIPAL ARE:…

Q: How do the Change orders create additional work for everyone in the industry?

A: Changes and extras can cause conflicts and prudent preparation is crucial in the contract stage.

Q: Who is responsible of sharing the risk problems at construction projects?

A: The given question is to determine the responsibility of sharing risk problems at construction…

Q: When you make professional decisions involving investments in engineering projects, what criteria…

A: In any engineering project, the decision related to the investments must be taken with proper care…

Q: What are the areas of opportunity for value engineering?

A: Value engineering is a management method, which explores the best functional balance between the…

Q: What types of services are offered by professionals service firms? What production problems do these…

A: Professional Service Firms: The professional service firms are the firms that provide services in…

Q: Why is it very essential for the engineer manager to have the skills in organizing?

A: Organization skills: Organization skills are the ability of a person to use those skills in an…

Q: As an aspiring civil engineer, how will you adhere to the ethical standard of being faithful agents…

A: As an aspiring civil engineer, We can adhere to the ethical standard of being faithful agents or…

Q: When a problem becomes apparent and the engineer manager chooses to ignore it, is he making a…

A: An engineer manager has the following options when a risk becomes apparent when it becomes an issue…

Q: 1. Give at least 5 importance of engineering utilities for civil engineering students and explain…

A: Since multiple questions are asked. Therefore, as per the guidelines  only the first part will be…

Q: How do you think the development in the technology helps in engineering profession?

A: Development in the technology helps in Engineering Profession:- There are various ways helping the…

Q: 3. a) Explain with relevant examples why civil engineering projects are susceptible to the risks of…

A: Brief concept introduction- Civil Engineering Projects- Civil engineering projects include airports,…

Q: Explain how value engineering helps in reducing project cost. Cite an example.

A: Value engineering interactively addresses project management and helps in achieving project goals…

Q: possible to have two civil engineers with the same training, experience, capabilities, and…

A: According to my perspective,it may not possible to have two civil engineers with the same training,…

Q: To act as an ethical engineer, you should accept fees for engineering work in which situation? (a)…

A: To act as an ethical engineer, you should accept fees for engineering work in which situation: If…

Q: If you were an owner of an international and rapidly growing high-tech firm making sophisticated…

A: One of the  best way to manage a high tech firm is by giving focus on the aspects that will result…

Q: .What are the eligibility and suitability qualifications must an engineering manager have?

A: To become an Engineering Manager, one should have a bachelor's degree in engineering management.…

Q: Explain how a civil engineer enhance human wefare and the environment?

A: Engineers protect and enhance the engineering industry's ethics, honor, and respect by: putting…

Q: What is the term Cost in value engineering?

A: Value engineering is the method of reviewing an existing or new product during the design stage…

Q: WHAT ARE THE ROLES OF A PROFESSIONAL IN HANDLING ENGINEERING MANAGEMENT WORKS?

A: The scope of engineering management work is complicated and large. For this purpose, professionals…

Q: Explain the following based on the Pice manual of Professional practice for Civil Engineers 1.…

A: Civil engineering is a professional engineering discipline that deals with the design, construction,…

Engineering Economics Principles

Engineering economics (engineering economy) is a sub-field of economics to study the use and application of the economic principles in the engineering analysis of decisions along with the systematic evaluation of the advantages of project costs inclusive of engineering design and analysis. It emphasizes microeconomics (a subset of economics) for researching the behavior of people in the decision-making process of assigning and determining multiple alternatives to the usage of some of the restrained resources and merging economic theory and engineering practice in a practical manner. It depicts the logical framework of economics in addition to the analytical application of statistics and mathematics.