ENEL301-20S2 (C) Semester Two 2020

Fundamentals of Engineering Economics and Management

15 points

Details:
Start Date: Monday, 13 July 2020
End Date: Sunday, 8 November 2020
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Friday, 24 July 2020
  • Without academic penalty (including no fee refund): Friday, 25 September 2020

Description

Engineering projects and ventures require management. This course identifies the different management activities involved and develops the skills necessary for managing technology projects and professional practice. Specifically, the course formally covers the following graduate competencies required for engineers as per the Washington Accord Graduate (2009).

The Washington Accord (to which IPENZ is a signatory) has the following graduate attributes (specific contextual knowledge requirements) for engineers graduating from a BE (Hons) program:

The Engineer and Society:
Apply reasoning informed by contextual knowledge to assess societal, health, safety, legal and cultural issues and the consequent responsibilities relevant to professional engineering practice.

Environment and Sustainability:
Understand the impact of professional engineering solutions in societal and environmental contexts, and demonstrate knowledge of and need for sustainable development.

Ethics:
Apply ethical principles and commit to professional ethics, responsibilities and norms of engineering practice.

Individual and Team Work:
Function effectively as an individual, and as a member or leader in diverse teams and in multi-disciplinary settings.

Communication:
Communicate effectively on complex engineering activities with the engineering community and with society at large, such as being able to comprehend and write effective reports and design documentation, make effective presentations, and give and receive clear instructions.

Project Management and Finance:
Demonstrate knowledge and understanding of engineering and management principles and apply these to one’s own work, as a member and leader in a team, to manage projects and in multidisciplinary environments.

Learning Outcomes

  • This course aims to give students:

  • An understanding of the principles of management theory (planning, organising, leading and controlling) and their application to professional engineering practice, with particular emphasis on leadership of individuals and groups and organisational structure and design.

  • Practice in assessing and controlling the dynamics of individual and team behaviour in preparation for professional practice (functioning effectively as an individual and as member or leader in diverse teams and in multi-disciplinary settings).

  • An understanding of the principles of project management and their application to professional engineering practice.

  • An awareness of the requirements of effective professional communication in an engineering context.  

  • An introduction to management and financial accounting (estimating and budgeting, cost accounting and financial statement analysis).

  • The use and application of appropriate techniques in engineering economic analysis (NPV, IRR, EAC, benefit-cost).

  • A framework for analysis of sustainability, and exposure to current sustainability issues.

  • A framework for analysis of ethical questions, and an understanding of the ethical responsibilities of a professional engineer.

  • An introduction to legal issues relevant to the professional practice of engineering in NZ, including the NZ legal system, tort, contract law, intellectual property and other legislation relevant to the practice of engineering and business in NZ.

  • An understanding of the role and responsibilities of the professional engineer in society.

Pre-requisites

15 points of any First Professional Engineering course

Restrictions

ENEL350

Timetable 2020

Students must attend one activity from each section.

Lecture A
Activity Day Time Location Weeks
01 Monday 13:00 - 14:00 E8 Lecture Theatre 13 Jul - 23 Aug
7 Sep - 18 Oct
Lecture B
Activity Day Time Location Weeks
01 Wednesday 14:00 - 15:00 E8 Lecture Theatre 13 Jul - 23 Aug
7 Sep - 18 Oct
Lecture C
Activity Day Time Location Weeks
01 Friday 14:00 - 15:00 E8 Lecture Theatre 13 Jul - 23 Aug
7 Sep - 18 Oct
Tutorial A
Activity Day Time Location Weeks
01 Tuesday 14:00 - 15:00 E8 Lecture Theatre 13 Jul - 23 Aug
7 Sep - 18 Oct

Course Coordinator

Kim Rutter

Assessment

Assessment Due Date Percentage 
Management report 25%
Homework 30%
Final Exam 45%

Indicative Fees

Domestic fee $975.00

International fee $5,500.00

* Fees include New Zealand GST and do not include any programme level discount or additional course related expenses.

For further information see Electrical and Computer Engineering.

All ENEL301 Occurrences

  • ENEL301-20S2 (C) Semester Two 2020