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ME50361: Engineering management for sustainable value

Follow this link for further information on academic years Academic Year: 2018/9
Further information on owning departmentsOwning Department/School: Department of Mechanical Engineering
Further information on credits Credits: 6      [equivalent to 12 CATS credits]
Further information on notional study hours Notional Study Hours: 120
Further information on unit levels Level: Masters UG & PG (FHEQ level 7)
Further information on teaching periods Period:
Semester 2
Further information on unit assessment Assessment Summary: CW100
Further information on unit assessment Assessment Detail:
  • Assessment detail for this unit is currently being updated and will be added shortly.
Further information on supplementary assessment Supplementary Assessment:
Like-for-like reassessment (where allowed by programme regulations)
Further information on requisites Requisites:
Further information on descriptions Description: Aims:
The aim of this unit is to equip students with some key skills they need to manage engineering projects to improve revenue and reduce costs; in other words, to maximize value.

Learning Outcomes:
After successfully completing this unit, students will be able to:
* Define sustainable value, both in financial and wider (societal) terms.
* Identify and analyse a market for a given product or service.
* Define and critique appropriate techniques that can be used to estimate sustainable value, including but not limited to those based on traditional business economics and costing models.
* Evaluate engineering products and services in terms of sustainable value, considering both revenue and cost, taking account of industry structure and competitor dynamics.

Skills:

* critical awareness of current issues and frameworks (T, A)
* linking theory and practice meaningfully (T and A)
* Showing how engineering management can make a meaningful contribution to a contemporary business or societal issue, recognising the relationships between engineering management and wider considerations of strategy, policy and society (T, F, A)
* an ability to conduct in-depth research into value creation. (F and A)
* an ability to manage and work in teams with an awareness of issues such as culture, gender, working styles etc. and to use these to the benefit of the individual and the team (F and A)
* the facility to communicate including presenting and marketing themselves and their ideas; preparation and production of effective business plans and reports.(F and A)

Content:

* Some familiarity with these topics is assumed but a refresher will be provided, together with some novel perspectives:
- Business Economics: eg supply demand, elasticity, financial markets.
- Project Accounting topics: eg Cost cash flow, ROI, NPV, resource planning .
- Marketing concepts: eg Price, the marketing mix, advertising, promotion, budgets.
- Operations concepts eg: TQM, change management, BPR, SPC and other initiatives.
- Strategy - Missions, objectives, internal and external analysis, options, implementation.
* Cost estimating -quantitative and qualitative
* Corporate Social Responsibility - the wider concept of sustainable value.
* Industrial case studies, introducing exemplar products and the approach to sustainable value.
Further information on programme availabilityProgramme availability:

ME50361 is Compulsory on the following programmes:

Department of Mechanical Engineering School of Management

Notes: