This text investigates the methodologies required for engineers to perform financial and economic evaluations of technical projects. The authors, Donald Newnan and Ted G. Eschenbach, utilize their extensive academic backgrounds to present a framework centered on life-cycle cost analysis and the time value of money. The book argues that technical proficiency must be paired with economic literacy to ensure viable project implementation in professional environments.

Experts and educators frequently cite this text as a standard reference for undergraduate engineering curricula due to its clear pedagogical structure. Readers often note the academic density of the prose, which is balanced by practical examples that facilitate the application of complex financial formulas.