Suppose there is a choice between two production methods; the usual favored approach would be the one with the lowest total cost. However, it is not always the best choice. Therefore, presenting a straightforward approach to calculating the unit cost is essential. We can use it to facilitate the selection of the best alternatives with an optimized economic return. This book introduces the method of obtaining the material (or process) unit cost of a Steam Power Plant to calculate its annual operating budget and touches on the reliable estimation of operation, maintenance, and project works. I have designed each section to walk the new cost specialist or plant engineer every step of the way, leading to complete understanding.

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I remember very well what my father said forty-six years ago, while I was visiting his workplace as a young boy in the Governor’s Office, Province of Batangas, Philippines. He was the Provincial Administrator-in-charged of socio-political affairs at that time (1976).

My dad articulated that the statement is about goals, objectives, missions, and visions. Some are grander, and some are simpler. Instead of saying, “there’s no greater goal than a personal goal,” he chose the word “interest” to sum it up. Of course, as can be expected of most young people, what I heard went from one ear and out the other.

I only began to realize the wisdom of his statement years later.

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