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Engineering economics and finance, project management, design and investment decisions, ethics, and safety in the process industry. The course loosely follows the life cycle of the financial and engineering management of a processing facility from initial planning through to full production.
It covers:• 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
Students should: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 operationUnderstand some techniques and language of data analyticsBe able to apply hazard identification methods such as HAZOP and order-of-magnitude risk estimation techniques
WorkloadAttendance at all lectures is highly encouraged. Students who do not complete all assignments and the exams are much less likely to pass.
Bouman, 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. (Available as an ebook from the library).
General Policies of the UniversityStudents 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/media/uc-policy-library/general/Academic-Appeals-and-Grievances-Principles-and-Procedures.pdf and regulations https://www.canterbury.ac.nz/media/documents/regulations/general-regs-academic-appeals-and-grievance.pdf 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 provides preparation for ENCH494 and for graduate employment.
Course policy on collaboration and cheating:Solving problems in small teams and collaborative learning when working on assignments is encouraged. However direct copying will result is reduced or zero marks for all students involved. The assignments are mainly a tool to prepare you for the exams. We advise you to try them individually before collaborating in groups.ConcernsStudents with concerns about the course should contact any of the lecturers listed above, the 4th Year Director of Studies (Alex Yip), or the Head of Department (Peter Gostomski).
Domestic fee $1,114.00
International fee $5,500.00
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see
Chemical and Process Engineering