Finance for Engineers

This textbook provides a comprehensive and structured framework for evaluating, managing, and financing capital projects. Because engineering solutions and financial decisions are inseparably linked, effective practice requires the integration of technical excellence with sound financial analysis. Whether a project is large or small, its business case must be rigorous, credible, and compelling to secure approval. Designed for both graduate students and industry professionals, the text introduces the analytical tools and decision frameworks needed to assess project economics, evaluate risk and uncertainty, compare investment alternatives, and understand how engineering choices influence a firm’s financial performance. By embedding financial thinking into technical decision-making, readers learn how engineers, scientists, and project managers contribute to an organization’s long-term value creation. The textbook combines conceptual foundations with applied learning. Through practical examples, structured exercises, and real-world case studies, it demonstrates how engineering design, financial analysis, risk assessment, and project financing intersect in practice. This integrated approach equips students with the competencies required for modern engineering and project management roles, while providing practitioners with a clear, methodical reference for supporting strategic investment and capital allocation decisions.