ASSESSMENT COVERSHEET
Attach this coversheet as the cover for your submission. All sections must be completed.
Section A: Submission Details
: BACHELOR(HONS) IN ENGINEERING TECHNOLOGY IN QUALITY
Programme ENGNIEERING
Course Code & Name : JQB23302 / JQB32002 ENGINEERING ECONOMY
Course Lecturer(s) : Ts. Dr. Mazlan Bin Awang
Submission Title : MINI PROJECT #1
Deadline : Day 25 Month June Year 2024 Time 0000
Penalties : ● 5% will be deducted per day to a maximum of four (4) working days, after which
the submission will not be accepted.
● Plagiarised work is an Academic Offence in University Rules & Regulations
and will be penalised accordingly.
Section B: Academic Integrity
Tick (√) each box below if you agree:
√ I have read and understood the UniKL’s policy on Plagiarism in University Rules & Regulations.
√ This submission is my own, unless indicated with proper referencing.
√ This submission has not been previously submitted or published.
√ This submission follows the requirements stated in the course.
Section C: Submission Receipt
Office Receipt of Submission
Date & Time of
Student Name(s) Student ID(s)
Submission (stamp)
25th June 2024 NURUL SYAFIQAH BINTI ZULKIFLI 57217122161
IREEN ADRIANA BINTI MOHD NAZERI 57213223150
Student Receipt of Submission
This is your submission receipt, the only accepted evidence that you have submitted your work. After this
is stamped by the appointed staff & filled in, cut along the dotted lines above & retain this for your record.
Date & Time of Student ID(s)
Course Code Submission Title
Submission (stamp) & Signature(s)
25th JUNE 2024 JQB23302 / MINI PROJECT #1 57217122161
JQB32002 57213223150
, 1. Benefit-cost Ratio
To calculate the Benefit-Cost Ratio (BCR) for a project, you need to divide the total
benefits of the project by the total costs. The formula is:
Total Benefit
BCR =
Total Costs
Project life: 12 years CRL, 10 years ARASCO
Total cost: $ 450 millions
a. CRL
Total benefit: $30 million x 12 years = $360 millions
Total Benefit $360 mil
BCR = = = 0.8
Total Costs $450 mil
The BCR is lower than 1 which is means the project’s cost is expected to outrun it
benefit and should be rejected.
b. ARASCO
Total benefit: $30 million x 10 years = $300 million
Total Benefit $300 mil
BCR = = = 0.6
Total Costs $450 mil
The BCR is lower than 1 which is means the project’s cost is expected to outrun it
benefit and should be rejected.
Feasibility: If the ratio is lower than 1 that means the project cost is more than benefit
and it should be rejected. If the ratio is equal to 1 or greater than 1, the project
considered viable.
Attach this coversheet as the cover for your submission. All sections must be completed.
Section A: Submission Details
: BACHELOR(HONS) IN ENGINEERING TECHNOLOGY IN QUALITY
Programme ENGNIEERING
Course Code & Name : JQB23302 / JQB32002 ENGINEERING ECONOMY
Course Lecturer(s) : Ts. Dr. Mazlan Bin Awang
Submission Title : MINI PROJECT #1
Deadline : Day 25 Month June Year 2024 Time 0000
Penalties : ● 5% will be deducted per day to a maximum of four (4) working days, after which
the submission will not be accepted.
● Plagiarised work is an Academic Offence in University Rules & Regulations
and will be penalised accordingly.
Section B: Academic Integrity
Tick (√) each box below if you agree:
√ I have read and understood the UniKL’s policy on Plagiarism in University Rules & Regulations.
√ This submission is my own, unless indicated with proper referencing.
√ This submission has not been previously submitted or published.
√ This submission follows the requirements stated in the course.
Section C: Submission Receipt
Office Receipt of Submission
Date & Time of
Student Name(s) Student ID(s)
Submission (stamp)
25th June 2024 NURUL SYAFIQAH BINTI ZULKIFLI 57217122161
IREEN ADRIANA BINTI MOHD NAZERI 57213223150
Student Receipt of Submission
This is your submission receipt, the only accepted evidence that you have submitted your work. After this
is stamped by the appointed staff & filled in, cut along the dotted lines above & retain this for your record.
Date & Time of Student ID(s)
Course Code Submission Title
Submission (stamp) & Signature(s)
25th JUNE 2024 JQB23302 / MINI PROJECT #1 57217122161
JQB32002 57213223150
, 1. Benefit-cost Ratio
To calculate the Benefit-Cost Ratio (BCR) for a project, you need to divide the total
benefits of the project by the total costs. The formula is:
Total Benefit
BCR =
Total Costs
Project life: 12 years CRL, 10 years ARASCO
Total cost: $ 450 millions
a. CRL
Total benefit: $30 million x 12 years = $360 millions
Total Benefit $360 mil
BCR = = = 0.8
Total Costs $450 mil
The BCR is lower than 1 which is means the project’s cost is expected to outrun it
benefit and should be rejected.
b. ARASCO
Total benefit: $30 million x 10 years = $300 million
Total Benefit $300 mil
BCR = = = 0.6
Total Costs $450 mil
The BCR is lower than 1 which is means the project’s cost is expected to outrun it
benefit and should be rejected.
Feasibility: If the ratio is lower than 1 that means the project cost is more than benefit
and it should be rejected. If the ratio is equal to 1 or greater than 1, the project
considered viable.
