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Course TEA-2400M1

Mastering Techno-Economic Analysis: From Capital Cost Estimation to Economic Evaluation

Humzaa Imtiaz Ullah

Humzaa Imtiaz Ullah


Total Lessons

4 Lessons


20/03/24 - 23/03/24




19:00 - 20:30 (GMT+1)

Course Description

Gain expertise in Techno-Economic Analysis with our comprehensive course designed to equip you with the essential skills needed to navigate the complex landscape of economic evaluation in various industries. From accurately estimating capital costs to conducting in-depth economic evaluations, this course covers it all. Learn the principles and methodologies behind capital cost estimation, delve into cost analysis techniques, and explore economic evaluation models. Whether you're a professional seeking to enhance your analytical capabilities or a student aiming to enter the field, this course provides the knowledge and tools necessary to excel in Techno-Economic Analysis. Join us and unlock the insights needed to make informed decisions and drive successful projects in today's competitive market.

Learning  Objectives

The key learning objectives for this course are the following:

  • Understand the Principles of Capital Cost Estimation: Learn the foundational principles and methodologies essential for estimating capital costs accurately. Explore techniques such as equipment costing, factor estimating, and contingency planning to develop robust capital cost estimates crucial for project planning and budgeting.

  • Develop Proficiency in Cost Analysis Techniques: Acquire proficiency in various cost analysis techniques to identify, quantify, and control project costs effectively. Dive into methods like activity-based costing, life-cycle costing, and earned value management to analyze and optimize project expenditures throughout the project lifecycle.

  • Master Economic Evaluation Models: Master economic evaluation models such as Net Present Value (NPV), Internal Rate of Return (IRR), and Payback Period to assess the financial viability and attractiveness of investment opportunities. Understand how to interpret and apply these models to make informed decisions regarding project selection and resource allocation.

  • Analyze Sensitivity and Uncertainty in Economic Evaluation: Explore techniques for analyzing the sensitivity and uncertainty of economic evaluation results to assess project risk and inform decision-making. Learn to conduct sensitivity analyses and probabilistic simulations to evaluate the impact of varying assumptions and market conditions on project outcomes.

  • Apply Techno-Economic Analysis in Real-World Scenarios: Apply Techno-Economic Analysis principles and tools to real-world case studies and industry-specific projects. Develop the skills to identify, evaluate, and prioritize investment opportunities by considering technical feasibility, economic viability, and strategic alignment with organizational objectives.

Course Schedule

Lesson 1: Foundations of Capital Cost Estimation

1.5 Hours | 19:00 - 20:30 (GMT+1) | 20 March 2024

In this inaugural lesson, we delve into the critical aspect of Capital Cost Estimation, laying the groundwork for comprehensive project evaluation. Participants will explore the intricacies of capital cost determination, including accuracy models, estimation methods, and factors influencing cost escalation. Through detailed analysis and case studies, learners will gain a profound understanding of the complexities involved in estimating capital costs, essential for effective project planning and budgeting.

Lesson 2: Revenue and Production Cost Analysis

1.5 Hours | 19:00 - 20:30 (GMT+1) | 21 March 2024

In the second lesson, we shift our focus to Revenue and Production Cost Analysis, integral components of Techno-Economic Analysis. Participants will delve into strategies for revenue forecasting, examining market dynamics, demand patterns, and pricing strategies. Additionally, we will explore the intricacies of production cost analysis, covering aspects such as raw material procurement, labor costs, and overhead expenses. Through interactive discussions and hands-on exercises, learners will gain the analytical skills necessary to evaluate revenue streams and optimize production costs, ensuring profitability and sustainability in project endeavors.

Lesson 3: Economic Evaluation Techniques and Sensitivity Analysis

1.5 Hours | 19:00 - 20:30 (GMT+1) | 22 March 2024

In the third lesson, we delve into Economic Evaluation Techniques and Sensitivity Analysis, essential tools for assessing project feasibility and risk. Participants will explore key economic evaluation methods, including Net Present Value (NPV), Return on Investment (ROI), and Net Present Value (NPV), gaining insights into their application and interpretation. Moreover, we will delve into sensitivity analysis, examining how variations in input parameters impact project outcomes and decision-making. Through practical examples and simulations, learners will develop the proficiency to conduct robust economic evaluations and assess project resilience to uncertainties, enabling informed investment decisions in dynamic environments.

Lesson 4: Case Study: Production of Methanol

1.5 Hours | 19:00 - 20:30 (GMT+1) | 23 March 2024

In the fourth lesson, we embark on an in-depth case study focusing on the production of methanol, a crucial industrial chemical with diverse applications. Participants will examine the entire lifecycle of methanol production, from feedstock selection to process optimization and market analysis. Through a comprehensive analysis of cost structures, technical challenges, and market dynamics, learners will gain practical insights into the complexities of large-scale chemical production projects. By dissecting real-world scenarios and exploring potential risk factors, participants will hone their analytical skills and strategic decision-making abilities, preparing them to tackle similar challenges in their professional endeavors.

Humzaa Imtiaz Ullah

Humzaa Imtiaz Ullah

Course Instructor

Chemical Engineer

Meet Humzaa Imtiaz, a distinguished Chemical Engineer with a passion for both academia and industry. Humzaa holds a BSc and MSc in Chemical Engineering from the Technical University of Denmark, specialising in Process Engineering and complementing it with a minor in Energy and Environmental Engineering. Beyond academia, Humzaa’s expertise extends to the realm of research, where he has authored and co-authored publications focusing on process design and engineering. With a commitment to excellence, Humzaa has empowered countless learners to achieve their goals. Through his engaging teaching style and hands-on approach, he creates an interactive learning environment where students can flourish. His dedication to fostering a collaborative atmosphere ensures that every participant feels supported and motivated to excel. With extensive industrial experience spanning roles as diverse as Analyst, Research Assistant, Supplier Quality Engineer, Project Manager, and QMS Engineer in sectors including cement, IT, and pharma, XYZ brings a wealth of practical knowledge to the table. Join this course and unlock your potential alongside a seasoned expert committed to your success.

Any  Questions?

Are you unsure whether this couse covers what you are looking for? Or you have any other question? Then feel free to get in touch with our team at and we will be more than happy to assist in anyway we can! :)

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