Module Title:   Financial and Project Management

Module Credit:   20

Module Code:   ENG2304L

Academic Year:   2015/6

Teaching Period:   Semester 1

Module Occurrence:   A

Module Level:   FHEQ Level 5

Module Type:   Linked 10+10

Provider:   Engineering

Related Department/Subject Area:   School of Engineering

Principal Co-ordinator:   Dr Andrew Carruthers

Additional Tutor(s):   Dr Eduardo Munive

Prerequisite(s):   None

Corequisite(s):   None

Enable students to acquire a sound understanding of the financial and accounting principles, and apply these principles for decision making and control purposes in a commercial business environment.

Provide students with an appreciation of the concepts and techniques of project management with particular reference to their use in an engineering and technological organisational environment.

Learning Teaching & Assessment Strategy:
Concepts, theories and principles explored in formal lectures supported by video presentation and case studies, and practiced in tutorials. Practical, cognitive and personal skills developed in problem solving exercises, tackled by working in small groups supported by members of academic staff. The assessments will examine the wider learning outcomes expressed in the descriptor.

Lectures:   48.00          Directed Study:   125.00           
Seminars/Tutorials:   24.00          Other:   0.00           
Laboratory/Practical:   0.00          Formal Exams:   3.00          Total:   200.00

On successful completion of this module you will be able to...

evaluate the role of financial information in organisations and the operation, principles and decision-making purposes of commonly used financial and management accounting techniques. In addition, the module will provide a critical review of the key principles of project management and their application in an engineering environment.

On successful completion of this module you will be able to...

develop specialist skills associated with managing operations in both production and service organisations and making appropriate management choices in dealing with these problems.

On successful completion of this module you will be able to...

strengthen your skills in systematic problem solving and communication

  Examination - open book or seen paper 1.50 50%
  Financial Management exam held in Semester 1
  Examination - closed book 1.50 50%
  Project Management exam held in Semester 2
  Examination - closed book 2.50 100%

Outline Syllabus:
Financial Management: The nature and role of accounting information in a modern commercial environment, financial model of a business organisation, comparison of financial and management accounting, types of company, sources of finance, the working capital cycle. Introduction to company accounts and the interpretation of a set of company accounts using key financial ratios. Capital investment appraisal net present value and internal rate of return. Breakeven analysis and cost behaviour. Absorption costing and marginal costing; cost allocation and apportionment; Budgetary control and cash-flow forecasting; Standard costing and variance analysis.

Project Management: Project selection and specification, The project life cycle, The role of the project Manager, Project organisation and responsibilities, Matrix organisations, Managing people, materials and machines, Co-ordination and control, Scheduling and sequencing, Critical Path Analysis, PERT, Effective and ineffective project teams, Cost estimation and control, Work breakdown structures, Case studies of successful and unsuccessful projects in Engineering and Technological orientated organisations and analysis of the management lessons

Version No:  1