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  
     
 

Area of Focus Committee

Dr. Michael R. Duffey (Chair)

Dr. Richard M. Soland

Dr. Johan R van Dorp

Dr. Robert C. Waters

 
     
 

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.

 
     
 

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

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The Management of Technical Organizations

EMSE 260

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Survey of Finance and Engineering Economics

EMSE 269

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Elements of Problem Solving and Decision Making for Managers

EMSE 283

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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 - Financial Modeling and Uncertainty
 
     
 

Approved Electives

Total of four approved electives, at least two from the following list:

EMSE 201 - Survey of Operations Research: Deterministic Models
EMSE 202 - Survey of Operations Research: Stochastic Models
EMSE 204 - Management of Engineering Contracts
EMSE 210 - Engineering Law
EMSE 285/286 - Systems Analysis and Management
EMSE 293 - Technical Enterprises