Fundamentals of Engineering Economics and Management

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 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.
  
•   An awareness of the requirements of effective communication, including practice in formal
  report writing, and other forms of presentation.
  
•   An introduction to management and financial accounting (estimating and budgeting, cost
  accounting and financial statement construction and analysis).
  
•   The ability to apply techniques in engineering economic analysis (NPV, IRR, EAC, benefit‐ cost)
  as appropriate; an introduction to risk concepts.
  
•   A framework for analysis of sustainability (TBLA, EIA, LCA, mauri method), and exposure to
  current sustainability issues and the cultural implications of such issues.
  
•   A framework for analysis of ethical questions, and an understanding of the ethical
  responsibilities of a professional engineer in a multi‐cultural society.
  
•   An introduction to legal issues relevant to the professional practice of engineering in NZ,
  including the NZ legal system, tort, contract law, other legislation relevant to the practice of
  engineering and business in NZ.  An introduction to intellectual property.  An introduction to
  marketing concepts.
  
•   An understanding of the role and responsibilities of the professional engineer in New Zealand’s
  bicultural society as well as globally.

Prerequisites

Restrictions

For further information see Electrical and Computer Engineering .