Project Description
We all know that we cannot plan for every possible event in our future. However, for the purpose of this project you are going to develop an experimental plan for the first 10 years of your life following graduation. How things really happen in the future may or may not work out as planned, but at least you can think about this as an interesting real-world application of Engineering Economy. There are two major parts, A and B, of this project. Part A The first part of the project involves simply documenting year-by-year events that you think have a high probability of occurrence in your life. Consider at least two potential life paths of the first 10 years following graduation. o For example, at year 0 (immediately following graduation), perhaps you will enter the engineering workforce, or maybe you are planning to attend graduate school immediately following your graduation, or maybe you are thinking of delaying entry into the engineering workforce by a few years to join the Peace Corps. Are you thinking of graduate school later while working? Many engineers decide to obtain additional education in their field or at least attend short courses in topical areas from time to time to stay current. Do you plan to buy a house? How often will you buy a car? What about a car for the kids? What about a vacation home or a boat? Will you apply for your Professional Engineering license? How many children will you have and when? Do you anticipate caring for an elderly relative? There are many, many questions to think about over the next 10 years. You can be creative – this is not meant to be a hard and fast plan.
Part B The second part of the project involves computing the net present value (NPV) or Present Worth (PW) for your plan and discussing what conclusion(s) you have reached as a result of the project. For the purpose of financial calculations, you need to be as realistic as possible. Estimates of salary increases, including big jumps when completing additional education (like a Master or PhD), can be obtained from the library and the internet.
The ability to communicate professionally is a very important part of this project. Each project requires a MS Excel worksheet and a Final Report. The report should be ‘standalone’ so that anyone reading the report will know what it covers from the beginning. Your report must be neatly typed and include
• A cover sheet that at a minimum contains your name and the project assignment
• A concise and clear description of all events in your project on a year by year basis over 10 years. One paragraph per year should be sufficient to provide this information.
• You should also list and briefly describe assumptions you have made for interest rates, regular raises, etc. The money you earn from your planned job(s) or investments will be treated as your expected gross revenues (GR).
• Describe the challenges when you conduct this project and how you overcome them.
• A short bibliography with references (including the textbook). Websites are OK as references but identify the information you received from the URL.
• Use MS Excel for financial data organization, year by year and of course, for the computations. After all the data has been entered, you will need to draw a cash flow diagram, compute the net present value (NPV) for your plan and discuss your conclusion(s) of the project.
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Get Professional Assignment Help Cheaply
Are you busy and do not have time to handle your assignment? Are you scared that your paper will not make the grade? Do you have responsibilities that may hinder you from turning in your assignment on time? Are you tired and can barely handle your assignment? Are your grades inconsistent?
Whichever your reason may is, it is valid! You can get professional academic help from our service at affordable rates. We have a team of professional academic writers who can handle all your assignments.
Our essay writers are graduates with diplomas, bachelor’s, masters, Ph.D., and doctorate degrees in various subjects. The minimum requirement to be an essay writer with our essay writing service is to have a college diploma. When assigning your order, we match the paper subject with the area of specialization of the writer.
Why Choose Our Academic Writing Service?
Plagiarism free papers
Timely delivery
Any deadline
Skilled, Experienced Native English Writers
Subject-relevant academic writer
Adherence to paper instructions
Ability to tackle bulk assignments
Reasonable prices
24/7 Customer Support
Get superb grades consistently
How It Works
1. Place an order
You fill all the paper instructions in the order form. Make sure you include all the helpful materials so that our academic writers can deliver the perfect paper. It will also help to eliminate unnecessary revisions.
2. Pay for the order
Proceed to pay for the paper so that it can be assigned to one of our expert academic writers. The paper subject is matched with the writer’s area of specialization.
3. Track the progress
You communicate with the writer and know about the progress of the paper. The client can ask the writer for drafts of the paper. The client can upload extra material and include additional instructions from the lecturer. Receive a paper.
4. Download the paper
The paper is sent to your email and uploaded to your personal account. You also get a plagiarism report attached to your paper.
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