School of Engineering & Applied Science The George Washington University Home About Us Contacts Faculty Research Areas of Focus Graduate Programs Undergraduate programs Department of Engineering Management and Systems Engineering

   
 

Economics, Finance and Cost Engineering (EFCE)

  Engineering Management
   
 

Program Overview

Provides a solid grounding in engineering economics, finance and cost engineering relevant to technical systems and enterprises. Presents abroad array of financial methodologies and case studies from diverse engineering domains such as energy, software systems, manufacturing, environmental, and transportation and logistics. Topics include: economic design of engineering systems; financial management techniques for technical enterprises; financial risk analysis and management; socio-economic analysis; and capital budgeting.
 

Area of Focus Committee

Dr. Michael R. Duffey (Chair)
Dr. Johan R. van Dorp
   
 

Doctor of Science

  The program of study is individually tailored for each student and designed to provide the student with the capability to perform substantive research.
   
 

Masters of Science

  The program of study consists of 12 graduate level courses totaling 36 credit hours. Three types of course requirements are included in the curriculum -- common course requirements, focus course requirements, and approved electives. Common course requirements are taken by all students in the EMSE Master's program. Focus course requirements are taken by all students within the area of focus. Approved elective requirements are courses that require the approval of the student's individual academic advisor. These courses are detailed below.
 
   
 

Common Course Requirements

 
EMSE 212 - The Management of Technical Organizations
EMSE 260 - Survey of Finance and Engineering Economics
EMSE 269 - Elements of Problem Solving and Decision Making for Managers
EMSE 283 - Systems Engineering 1
   
 

Focus Course Requirements

 
EMSE 261 - Economic Analysis in Engineering Planning
EMSE 262 - Finance for Engineers
EMSE 231 - Program and Project Management
EMSE 388 - Quantitative Methods in Cost Engineering
   
 

Approved Electives

Total of four approved electives, at least two from the following list:
 
EMSE 201 - Quantitative Models in Systems Engineering
EMSE 202 - Operations Research Methods
EMSE 204 - Management of Engineering Contracts
EMSE 210 - Engineering Law
EMSE 286 - Applied Enterprise Systems Engineering
EMSE 293 - Technical Enterprises