MA2300-Management for Engineers

 

Credits: 3

Pre-requisites: None

Core / Optional: Core for Electrical & Electronic, Mechanical and Manufacturing & Industrial Engineering Undergraduates

Aim(s): To introduce managerial aspects for performing a multitasking role as an engineering manager.

Intended Learning Outcomes:

  1. Approach: the multitasking state of an engineering manager.
  2. Formulate: vision, mission, objectives, goals, and strategies for an organisation.
  3. Appreciate: human resource optimisation in organisations.
  4. Discuss: the laws pertaining to business, occupational health and safety, and the environment
  5. Analyze: financial statements for decision-making.
  6. Apply: principles of project management to plan and schedule a project.

Course Content (Only main topics & subtopics):

  1. Multitasking Role of a Manager and Management Approaches:Evolution of management theory; scientific management; behavioural management; contemporary approaches.
  2. Strategic Management: Environmental analysis; SWOT; SOAR; PEST; Porter’s five force model; competitive strategies; mission; vision; values and goals; organisation structure and culture; Customer focus and marketing; Corporate, business and operational strategies in organisations.
  3. Human Resource Optimisation in Organisation: Human resources management; talent and skill development; recruitment process; technology management.
  4. Legal Aspects of Management: Introduction to business law; law relating to employment; occupational health and safety; environmental issues.
  5. Financial Aspects of Management: Principles of corporate finance; Investment decisions; capital budgeting techniques (Pay Back, NPV, IRR, Profitability); financing decisions; life cycle financing; financial statements and accounting; and management.
  6. Procedures of Project Management: Project planning and scheduling; critical path analysis; network diagram. Gantt chart and resources allocation and cash flow analysis; monitoring and controlling project costs; quality, and time.

Time Allocation:

Learning component Hours
Theory 29
Small group activities 16
Assignments –
Independent Learning 105

Marks Allocation:

Assessment Percentage Marks
Continuous Assessments 50
End Semester Examination 50

Recommended Reading:

  • David, F. R. (2011). Strategic Management Concepts and Cases (13th Edition). Prentice Hall, USA.
  • Philip, K. and Gary, A. (2012). Principles of Marketing (14th Edition). Pearson Prentice Hall, UK.
  • Project Management Institute Inc. (2013). A guide to the Project Management Body of Knowledge (5th edition). Project Management Institute Inc. (USA).
  • Raymond, A. Noe, et al. (2016). Fundamentals of Human Resource Management (8th Edition). McGraw Hill Education, USA.
  • Stephen, A. R., Randolph, W. W. & Bradford, D. J. (2009). Fundamentals of Corporate Finance (8th Edition). McGraw-Hill Irwin.
  • Stephen, P. R., David, A. D. & Mary, C. (2013). Fundamentals of Management (8th Edition). Pearson, USA.
  • Wickramarachchi, W. (2010). Commercial Law (1st Edition). Project Management Institute, Sri Lanka.