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.

Dr. Crundwell’s background in financial mathematics and chemical engineering, combined with his experience in academia and corporate venture capital, makes him highly qualified to address the complexities of evaluating and funding capital projects. His work in technology development and due diligence ensures that his insights in the book are not purely theoretical but grounded in real-world applications. Engineers often struggle with the financial aspects of projects, and his knowledge of business case development and investment decision-making provides valuable strategies for assessing financial feasibility and risk management. Additionally, his experience in patenting and licensing inventions means that he understands the commercialization process, which is crucial for engineers working on innovative technologies.

Dr. Da Costa’s extensive professional and academic career in finance—particularly his expertise in mining finance and engineering economics, financial modelling, risk management, and financial engineering—provides readers with a rigorous understanding of financial strategies tailored to engineering projects. His background in derivatives, structured finance, structured products, and environmental financial assurance equips practitioners with the analytical tools necessary to make sound financial decisions across diverse engineering sectors, including infrastructure, mining, renewable energy, and oil and gas. He is currently obtaining his Professional Licensee Engineering (P.L.Eng.) designation in British Columbia, Canada, while also pursuing an LLM degree focused on Mining, Energy, and Infrastructure Finance Law at Osgoode Hall Law School, York University. His longstanding leadership contributions to professional organizations such as the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) and the Professional Risk Managers’ International Association (PRMIA) further reinforce his authority in the field.