- Student Records
Programme & Unit Catalogues

CE20094: Management 1

Follow this link for further information on academic years Academic Year: 2015/6
Further information on owning departmentsOwning Department/School: Department of Chemical Engineering
Further information on credits Credits: 6
Further information on unit levels Level: Intermediate (FHEQ level 5)
Further information on teaching periods Period: Semester 2
Further information on unit assessment Assessment Summary: EX 100%
Further information on unit assessment Assessment Detail:
  • Examination (EX 100%)
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:
To provide an introduction to the economic parameters and methods for evaluating the costs and profitability of engineering projects, and the legal framework in which they have to operate.

Learning Outcomes:
After successfully completing this unit students should be able to:
* Make quick engineering estimates of chemical process plant capital and operating costs;
* Determine the profitability of simple projects using traditional and cash flow techniques;
* Describe the legal framework in which companies are required to operate.

Industrial awareness, economic awareness, analysis and problem solving.


* Interest relationships, discount formulas;
* Sources of investment capital; profit and cash flow relationships; payback period;
* Contribution and variable costing, breakeven production diagrams;
* Basis for rate of return concept, minimum acceptable rate of return, risk factor;
* Profitability methods based on cash flow, cumulative cash flow curves, determination of NPV, DCF rate of return, EMIP, IRR, discounted breakeven point;
* Capital cost estimation: short-cut methods e.g. ratio methods, use of cost indices, factored estimates, introduction to detailed cost estimation;
* Manufacturing cost estimation: short-cut methods;
* Optimal costing methods, incremental costs and profitability;
* Common/statute law with examples in Health & Safety at Work & Environmental Protection Act; structure of the courts;
* Law of contract, law of agency, sale of goods, law of partnership;
* Joint stock companies: memoranda; articles of association; shares; debentures; board of directors;
* Commercial arbitration, trade union law, restrictive trade practices;
* Contract of service: duties of employer and employee.
Further information on programme availabilityProgramme availability:

CE20094 is Compulsory on the following programmes:

Department of Chemical Engineering
  • UECE-AFM01 : MEng(Hons) Biochemical Engineering (Year 2)
  • UECE-AKM01 : MEng(Hons) Biochemical Engineering with Year long work placement (Year 2)
  • UECE-AFB05 : BEng(Hons) Chemical Engineering (Year 2)
  • UECE-AKB05 : BEng(Hons) Chemical Engineering with Year long work placement (Year 2)
  • UECE-AFM05 : MEng(Hons) Chemical Engineering (Year 2)
  • UECE-AKM05 : MEng(Hons) Chemical Engineering with Year long work placement (Year 2)

* This unit catalogue is applicable for the 2015/16 academic year only. Students continuing their studies into 2016/17 and beyond should not assume that this unit will be available in future years in the format displayed here for 2015/16.
* Programmes and units are subject to change at any time, in accordance with normal University procedures.
* Availability of units will be subject to constraints such as staff availability, minimum and maximum group sizes, and timetabling factors as well as a student's ability to meet any pre-requisite rules.