In this course, you will learn :
- The specialization expands the knowledge of a construction project manager to include an understanding of economics and the mathematics of money, an essential component of every construction project.
- Topics covered include the time value of money, the definition and calculation of the types of interest rates, and the importance of Cash Flow Diagrams.
- Calculating simple and compound interest rates are covered along with distinguishing between nominal and effective interest rates. Illustrated in this module is drawing a cash flow diagram.
- The module ends with a deep dive into decision tree analysis.