ENEL301-21S2 (C) Semester Two 2021

Fundamentals of Engineering Economics and Management

15 points

Details:
Start Date: Monday, 19 July 2021
End Date: Sunday, 14 November 2021
Withdrawal Dates
Last Day to withdraw from this course:
  • Without financial penalty (full fee refund): Sunday, 1 August 2021
  • Without academic penalty (including no fee refund): Friday, 1 October 2021

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 Engineering NZ 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.

Life-Long Learning:
Recognise the need for, and have the preparation and ability to engage in, independent and life-long learning in the broadest context of technological change.

Learning Outcomes

This course aims to give students:

1. 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.

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

3. An awareness of the requirements of effective communication, including practice in formal report writing, and other forms of presentation.  

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

5. The ability to apply appropriate techniques in engineering economic analysis (NPV, IRR, EAC, benefit-cost), and an introduction to risk concepts.

6. A framework for analysis of sustainability (TBLA, EIA, LCA, mauri method) and exposure to current sustainability issues and the cultural implications of such issues.

7. A framework for analysis of ethical questions, and an understanding of the ethical responsibilities of a professional engineer in a multi-cultural society.

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

9. An understanding of the role and responsibilities of the professional engineer in New Zealand's bicultural society as well as globally.

University Graduate Attributes

This course will provide students with an opportunity to develop the Graduate Attributes specified below:

Critically competent in a core academic discipline of their award

Students know and can critically evaluate and, where applicable, apply this knowledge to topics/issues within their majoring subject.

Prerequisites

15 points of any First Professional Engineering course

Restrictions

ENEL350

Course Coordinator

Kim Rutter

Assessment

Assessment Due Date Percentage 
Homework 10%
2 Assignments 25%
3 Tests 35%
Report 30%

Textbooks / Resources

Recommended Reading

Schermerhorn, John R; Management ; 6th Asia-Pacific edition; John Wiley & Sons Australia, Ltd., 2017.

Indicative Fees

Domestic fee $986.00

International fee $5,500.00

* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.

For further information see Electrical and Computer Engineering .

All ENEL301 Occurrences

  • ENEL301-21S2 (C) Semester Two 2021