ENCH497-23S1 (C) Semester One 2023

Process Management

15 points

Details:
Start Date: Monday, 20 February 2023
End Date: Sunday, 25 June 2023
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 5 March 2023
  • Without academic penalty (including no fee refund): Sunday, 14 May 2023

Description

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 processing facilities from initial planning through to full production.

It covers:

• Capital and operating cost estimation
• Economic evaluation, project management, contracts
• Company financial statements
• Ethics, interviews, employment contracts
• Tools for process optimisation including data analytics
• Control strategy development
• Hazard identification methods and risk estimation techniques used in the process industry (Matt Cowan, 10 lectures)

Learning Outcomes

  • Students should:

  • Be able to estimate the capital cost of a chemical engineering process
  • Understand the time value of money as it is applied to investment decisions
  • Be able to evaluate the economic worth of a chemical engineering process
  • Understand company accounting well enough to be able to determine the effect of engineering projects on company financial statements
  • Understand social and cultural matters that might influence investment decisions
  • Understand some ethical and employment matters that might affect chemical engineers
  • Be able to apply control strategies to plant design and operation
  • Understand some techniques and language of data analytics
  • Be able to apply hazard identification methods such as HAZOP and order-of-magnitude risk estimation techniques

Course Coordinator

Ken Morison

Lecturer

Matthew Cowan

Assessment

Assessment Due Date Percentage 
Final Exam 55%
Capital and operating costs 14 Mar 2023 7.5%
Financial Reporting 28 Mar 2023 7.5%
Investment Decisions 27 Apr 2023 7.5%
Plant-wide Control 16 May 2023 7.5%
Hazop 26 May 2023 15%


36 lectures and 5 assignments. Attendance at all lectures is highly encouraged. Students who do not complete all assignments and the exam are much less likely to pass.

Textbooks / Resources

Required Texts

Bouman, R.W., Jesen, S.B., Wake, M.L. & Earl, W.B; Process Capital Cost Estimation for New Zealand 2004, Society of Chemical Engineers New Zealand ; *; *, 2005 (Available to students on Learn).

Towler, G.P. and Sinnott, R.K; Chemical Engineering Design: Principles, Practice and Economics of Plant and Process Design, 2nd ed, Butterworth-Heinemann, Oxford ; *; * (Available as an ebook from the library).

Notes

All information about academic policies (e.g. special consideration, dishonest practice) can be found on the ENCH-Undergraduate LEARN page.

Relation to Other Courses:

This is a compulsory course. It provides preparation for ENCH494 and for graduate employment.

Indicative Fees

Domestic fee $1,164.00

International fee $5,750.00

* 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 .

All ENCH497 Occurrences

  • ENCH497-23S1 (C) Semester One 2023
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