Understanding engineering economics and management requires a combination of theoretical knowledge and practical application. Here are some specific techniques to improve your understanding in this subject:

1. Study the fundamentals:
- Start by studying the basic principles and concepts of engineering economics and management. This includes understanding the time value of money, cost estimation techniques, investment analysis methods, and financial decision-making processes.

2. Read textbooks and reference materials:
- Use textbooks and reference materials recommended by your professors or experts in the field. These resources provide comprehensive explanations and examples to help you grasp the subject matter better.

3. Attend lectures and seminars:
- Participate in lectures and seminars conducted by experienced professionals and industry experts. These sessions often provide valuable insights, real-life case studies, and practical applications of engineering economics and management concepts.

4. Solve practice problems:
- Regularly solve practice problems to reinforce your understanding of key concepts and formulas. This exercise will help you apply the theoretical knowledge to practical scenarios and develop problem-solving skills.

5. Engage in group discussions and projects:
- Collaborate with classmates or colleagues to discuss and analyze engineering economics and management topics. Working on group projects or case studies will enhance your understanding through shared perspectives and brainstorming sessions.

6. Analyze real-life examples and case studies:
- Explore real-life examples and case studies related to engineering economics and management. Analyzing how different companies or projects made financial decisions and managed resources will provide practical insights into the subject.

7. Stay updated with industry trends and news:
- Keep yourself updated with the latest developments and trends in the field of engineering economics and management. This can be done by reading industry-specific publications, attending conferences, or following relevant websites and blogs.

8. Seek guidance from mentors or experts:
- Connect with mentors or experts in the field who can provide guidance and valuable insights based on their experience. They can help clarify doubts, offer practical advice, and share industry-specific knowledge.

9. Utilize online resources:
- Take advantage of online platforms and resources such as EduRev, which provide a wide range of study materials, practice questions, and interactive learning tools specifically designed for engineering economics and management.

By following these techniques, you can enhance your understanding of engineering economics and management, enabling you to make informed financial decisions and effectively manage resources in engineering projects.