Module Maintenance

Academic Information
Module Code

EG-386

Academic year

15/16

Full Title

Engineering Management

College

Engineering

Level

Department

Engineering

External Credit Level

FHEQ 6 / HESA 3

Module Type

Taught/Lecture Based

Credits

10

ECTS Credits

Formal Contact Hours

30

Placement Hours

Notional Hours

100

Contact Hours Description

Core Lectures 20 hoursDiscipline Specific Lectures 10 hoursPrivate Study 70 hours

Module synopsis to be printed in the catalogue

This module will develop skills relating to the management of financial and human resources within the engineering
sector. With respect to financial resources, the course will introduce the practice of accounting for transactions
within a new business so as to give the student a good appreciate of the balance sheet, profit & loss and cash flow
statements, which are essential components of a business plan. The course will also show students how to interpret
financial statements and how best to allocate financial resources between competing engineering projects. With
respect to human resources, the course will cover the basic concept of entrepreneurship before breaking down the
essential elements of a business plan. The course will give the more entrepreneurial students guidance about how
to go about commercializing their ideas and the less entrepreneurial students an understanding of what makes
some of their colleagues tick. The learn by example approach adopted for this module guides the student through
the complexities of financial and human resource management and encourages students to develop their own
business plans. Students will also be introduce to the subject area of ethics within business.
Notes to be printed in Catalogue
Penalty for late submission of work: ZERO TOLERANCE.
The module is available to exchange students.
Notes, past papers and worked examples can be found on Blackboard.
Delivery Method
Series of lectures.
One assignment (30%) and a 2-hour multiple choice based examination (70%) at the end of the semester.
Is this module placement
based?
Module to be delivered in
collaboration with another
organisation?
Percentage taught in
Welsh

0%

Module Aims
This module prepares student engineers to fulfill their future managerial responsibilities, acquire useful business
perspectives and take on leadership roles to meet the technical challenges of the new millennium.
Learning Outcomes

After completing this module you should be aware of:

some of the "tools" that assist in the efficient use of financial & human resources in manufacturing;
how to construct, read and analyze financial data;
how to make critical investment decisions;
how to build financial statements for business plans;
legal, human and economic aspects of entrepreneurship;
the role of ethics in business.
Transferable Skills

Focusing on the practical aspects of achieving operational effectiveness and cost accounting, the module helps
develop mathematical and analytical skills.
Syllabus

Section A. Core Component

Unit 1: Accounting Principles and the Balance Sheet (Lectures 1 & 2).
Assets, liabilities, shareholders equity, the balance sheet equation, the fundamental principle of accounting,
introduction to an new business venture (Crimebusters), European and British style balance sheets, double entry
book keeping, the accruals basis, expenses, prepayments, the matching principle, depreciation, going concern and
Crimebusters end of year balance sheet.
Unit 2: Constructing a Profit & Loss and Cash Flow Statement (Lecture 3).
Sales, Costs, Gross Profits, Operating profits, PBT, PAT, relation to Balance Sheet, Operating activities, Investing
activities, servicing of finance, taxation and financing.
Unit 3: Ratio Analysis (Lectures 4 & 5).
Qualifications on profit maximisation, the underlying operation and the funding structure, trend analysis and
benchmarking, return on capital employed, capital productivity, return on sales, gearing ratios: a lenders and
shareholders perspective, return on equity, liquidity and some other ratios. The balance sheet explanation of the
2008 credit crunch.
Unit 4: Investment Appraisal (Lectures 6 & 7).
Cash flows, payback, compounding and discounting, net present values, internal rates of return and decision trees
for capital budgeting.
Unit 5: Capital Budgeting methods (Lecture 8).
Linear programming for solving capital rationing problems: the objective function, the constraints, the mathematical
statement, the feasible region, the optimal solution, extreme points and special cases.
Unit 6: Entrepreneurship: Teambuilding & Finance (Lecture 9 & 10).
Teambuilding and Entrepreneurial Finance.
Unit 7: Entrepreneurship: Business Startups (Lecture 11 & 12).
Risk and Reward. How to set up a new company.
Unit 8: Entrepreneurship: The Business Plan (Lecture 13 & 14).
Intellectual Property Rights. How to write a business plan.
Unit 9: Business Ethics. (Lecture 15 & 16).
Engineering, ethics and professionalism: on how to wear an engineering hat and a professional one. These lectures
focus on the concept of professionalism in the business of engineering. Taking its cue from the Challenger disaster
it discusses a number of issues that can arise in commerce that may undermine sound engineering judgement and
professionalism.

Section B. Programme Specific Component

There are five programme specific components: Civil, Chemical (including Environmental), Mechanical (including
product design), Aerospace and General Engineering.
Lectures 17 to 22.
Civil Engineering. Lectures on risk assessment and health and safety within the construction sector.
Chemical Engineering. Lectures on project appraisal in the chemical industries.
Mechanical and Aerospace. Lectures on manufacturing processes and producing costing worksheets for specific
processes.
General Engineering. Lectures on modelling, simulating and then optimising manufacturing products and processes.
Are there any challenges which might affect a disabled student being able to satisfactorily undertake the teaching
and learning methods of this module?

Where a need has been identified at recruitment, or at any later stage, an assessment will be made in conjunction
with the student and the Disability Office. The College will make reasonable adjustments and/or develop alternative
arrangements in conjunction with the student.
Support material for this course will be available on the University intranet. Students will be allowed to record
lectures for personal use. If necessary student note takers and support workers can attend classes. If access to
particular lecture rooms is restrictive then the University will alter the venue for the course to allow full access.
The College of Engineering carries out Health & Safety assessments of all practical/laboratory/field work and will
take into consideration the needs of students/staff with medical conditions. In such cases the College will make
reasonable adjustments and/or develop alternatives in conjunction with the student.
For information, in this module students will normally perform the following task:
i)Use a PC during private study.

Reading List : Essential reading (4)

Engineering management : challenges in the new millennium / C.M. Chang.
Chang, C. M.
Pearson Prentice Hall, 2005.

Management for engineers, scientists, and technologists / John V. Chelsom, Andrew C. Payne,
Lawrence R.P. Reavill. (2nd ed.)
Chelsom, John V.
John Wiley & Sons, c2005.

Excel models for business and operations management [print and electronic book] / John F.
Barlow. (2nd edition)
Barlow, John F.
Wiley, c2005.

The finances of engineering companies : an introduction for students and practising engineers /
A. J. Reynolds.
Reynolds, A. J.
Edward Arnold, 1992.

Assessment Information
Method of moderation to use for the predominant assessment method

Universal second marking

as check or audit

Module components
Assessment Type

Mark Scheme

Assessment Month

Weighting

Examination (Resit
instrument)

marking scheme assessment UG

August (resit)

70

coursework reassessment
instrument

marking scheme assessment UG

May

30

Examination

marking scheme assessment UG

June

70

Coursework 1

marking scheme assessment UG

May

30

Component descriptions
The core component is assessed via a two hour multiple choice based examination (contributing 70% to the module
grade).
The programme specific components are assessed through one piece of coursework that is programme specific
(contributing 30% to the module grade).
In what ways will students receive feedback on assessed work, including formal examinations
Students will receive feedback on their coursework, together with a model answer, within three weeks of
submission. Feedback for the examination will take place using the Colleges procedures for distributing such
feedback.
Assessment provision for students with disabilities
Where a need has been identified at recruitment, or at any later stage, an assessment will be made in conjunction
with the student and the Disability Office. The College will make reasonable adjustments and/or develop alternative
arrangements for assessment in conjunction with the student. For students with specific learning difficulties (SpLD)
a database system will communicate the disability requirements of students to appropriate lecturers and an
automatic and discreet system will alert lecturers that SpLD marking guidelines need to be applied. For course
accreditation purposes some competency standards are set by external professional institutions and these will still
need to be demonstrated. However, alternatives will need to be considered by the student and the department if
these cannot be demonstrated through the usual assessment method.
Provide details of how students would redeem failure in the module
Level 2 and Level 3(M) students will be offered the opportunity to resit the examination in August. Coursework
marks obtained during this semester will be carried forward for the resit attempt. Resit for level 3 is dependant on
the student's overall performance.

Module Rules
Semester

TB2

Coordinator

Module Lecturers
Lecturer Name
Dr M Evans
Professor MJ Mcnamee
Miss X Yin
Dr K Wada
Dr CW Dunnill

Module delivered by non

Percent Taught
55
4
8
8
25

No

Dr M Evans

university employee?

Module Teaching and Academic Subject Area

JACS Code
H110

JACS Name
Integrated Engineering

Department
EGSC

Teaching Load %
100

Requisite modules
Co-requisite

Pre-requisite

Non-requisite

Administrative Information
New Blackboard site
required?

No

Taught with another

module that uses the same
Blackboard site?

No

If Yes, please enter the

module code(s)
What activities do you intend to use e-learning for?
What assessment activities do you intend to you use e-learning for?
Student capacity

280

How often will the module

run during the session?

If more than once, when?

Location

Bay Campus

Other location

Does the module encroach

on other subject areas?
Does the module replace
an existing module?
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