The aim of this module is to provide fundamental analytical decision making and control tools to the student, to emphasise the importance / ethical responsibilities of the Professional Engineer in society, and to present detailed coverage of modern management techniques.
Section A
Cash flow analysis: relevant flows, decision tools including accounting rate of return, payback, discounted cash
flow, internal rate of return and their use for optimisation.
Description, analysis and synthesis of static and flexible budgets, their use in management decision and
control systems, variance analysis and cost – benefit analysis.
Idea stimulation techniques including brainstorming, cause and effect diagrams, SCAMPER technique.
Risk as variability in return and the capital asset pricing model.
Derivation of expressions concerning cash flows, valuation of cash flows including shares and bonds, future
values and sinking funds.
Responsibility centres, including revenue, cost, profit and investments centres, their features and uses.
Section B
Planning: strategic management, strategy formulation and implementation. Company situation analysis and industry competitive analysis. Analysis techniques, including Porter five-forces model, SWOT analysis, strategic cost analysis, competitive position assessment. Coordinating objectives across an organisation.
Ethical obligations and duties of managers, employees and companies.
Ethical aspects of professional engineering including EI ethics guidelines, ethical aspects of finance andaccounting, human resource management, sales and marketing, production, health and safety and intellectual property.
Elements of marketing including market analysis, development of objectives, formation and execution of strategy.
Staffing: Job analysis, design, person specification, job description, career ladders. Personnel selection and appraisal systems. Interview techniques. Performance management. Wage / salary surveys, administration, matrices.
Leading: Review of basic leadership concepts.
Organising: System design and analysis. System concepts, system approach to problem solving and design. Patterns of reasoning in design and problem solving. Design fundamentals from form to function.
Communication and Presentation skills. Effective presentation, written, oral and visual using MS PowerPoint. Engineering report writing, purpose and content of an engineer’s report.
The module will be delivered to the learner in the form of a series of lectures and continuous assessment assignments. The course material will be available to the learner via Brightspace or equivalent.
| Module Content & Assessment | |
|---|---|
| Assessment Breakdown | % |
| Formal Examination | 50 |
| Other Assessment(s) | 50 |