EEE2207 : Project and Professional Issues
- Offered for Year: 2017/18
- Module Leader(s): Dr Van-Tung Phan
- Lecturer: Dr Anurag Sharma
- Owning School: Engineering
- Teaching Location: Singapore
|Semester 2 Credit Value:||20|
• To develop the students’ planning, design, construction and communication skills through teamwork in a design based project.
• To provide students with the understanding and practice of the planning and management of technical projects along with an appreciation of business organisation and planning.
• To assist students with project activities within their undergraduate studies and to enable them to fulfil their roles as future engineering managers.
Outline Of Syllabus
The project life cycle: Traditional & enlightened. Key project stages; Project finance: sources of funding, cash flow, financial risk issues, Tax, insurance, bonds; Project definition: scope, standards, timescales; Project planning: level detail and purpose, critical path, workflow & dependencies; Project reporting: planning, milestones, risk management & contingency; Procurement: Strategic, project, risk; Risk management: types of risk and response, types of contract, bonds; Cost control: work & cost breakdown structures, control versus reporting, change management, committed costs and time; Once through engineering: Myth or reality–the influence of timescales on workflow; Commercial: Forms of contract, limits of liability, contract types and key issues, partnering, claims, more change management & the importance of documentation; Project team: Structures & resource planning. Project teams & functional organisations – the importance of learning; Waste, health & safety.
Project Organisation & Planning
Describe principles of organisation & planning in the context of engineering projects. Discuss the cycle of specification, planning, execution, monitoring, reporting and correction. Introduce financial aspects of project planning – cash flow, budgets, contingencies. Discuss conduct of meetings identification of team goals, individual actions, follow-up and review. Discuss basic risk management. Provide a framework that will assist students in the planning & execution of 2nd year group projects. Discuss professional and ethical conduct in engineering.
Classify business structures by: Stage of Development: Start-ups, SME’s , industrials, conglomorates, multi-nationals; Investment Basis : private/closely held, VC- backed, public and nationalized; Markets Served : Consumer, Industrial, Military, Transportation, Utilities; Class of Goods : Inventoried Products, Made to order, Designed to Order;Modern Business Organisation; Departmental Roles: Marketing; Research; Development; Quality & Regulatory Affairs; Manufacturing & Shipping; Sales; Administration : Accounts, Personnel, Administrative Support; Examples of Organisational Structure: Classic; Matrix; Distributed; Typical phases of evolution of a new business: Start-up; Public Company or Privately Held Company; Acquisition of or by Complementary Businesses.
Business Strategic Planning
Corporate Mission Statements; Strategic Planning: the process of developing & maintaining a viable match between the organization’s objectives skills and resources and its changing market opportunities; Discussion of market Attractiveness/Competitive Position Classification and Strategies; The basic Business Strategic Planning Process; Mission->SWOT->goal formulation->strategy formulation->program formulation; Intellectual property rights, product safety and liability issues; Awareness of relevant legal requirements governing engineering activities.
Business Financial Planning
Financial Planning Overview; Definition of basic terms: Cash & Cash flow; Sales Forecast & Revenues; Costs, Gross Margin; Overheads &Overhead recovery; Profit; Profit & Loss Accounts; Balance Sheets; Cash Flow Statements; Capital Employed and Return on Investment; Internal Rate of Return; Pricing: Product Pricing Strategies; Issues of Volume versus Price; Annual Budgeting as the main driver of fiscal planning; R& D budgeting; Project/Product level Budgeting: Design Estimation; Product Cost estimation issues.
Role of Marketing in Business Planning
What is Marketing? Understanding the Market; Methods of gathering data to form an Understanding of the Market; The Positioning of a Company and its products.
The Business Plan
Executive Summary and table of Contents; Current Marketing Situation; SWOT analysis; Issues Analysis – distillation of the key issues to be addressed by plan; Objectives; Projected profit & Loss statement; Controls and methods of Monitoring Progress
|Guided Independent Study||Assessment preparation and completion||1||12:00||12:00||System demontration|
|Guided Independent Study||Assessment preparation and completion||1||6:00||6:00||Subsystem demonstration|
|Guided Independent Study||Assessment preparation and completion||1||6:00||6:00||Presentation (including preparation time)|
|Guided Independent Study||Assessment preparation and completion||1||30:00||30:00||Project report|
|Guided Independent Study||Assessment preparation and completion||5||6:00||30:00||Business coursework|
|Scheduled Learning And Teaching Activities||Lecture||6||2:00||12:00||N/A|
|Guided Independent Study||Assessment preparation and completion||1||3:00||3:00||Buggy competition|
|Scheduled Learning And Teaching Activities||Practical||12||3:00||36:00||Staff contact time includes 16 hours for supervised group meetings.|
|Guided Independent Study||Project work||1||65:00||65:00||N/A|
Teaching Rationale And Relationship
Lectures provide basic material and guidance. Most of the work is self directed by the students, with guidance from academic supervisors. Project work forms the major element.
The format of resits will be determined by the Board of Examiners
|Lab exercise||15||2||M||15||Subsystem demo|
|Lab exercise||15||2||A||15||System demo|
|Written exercise||2||M||25||5 business coursework assignments of equal weighting|
|Practical/lab report||2||M||8||Buggy competition|
Assessment Rationale And Relationship
The module is entirely in-course assessed. The business plan gives the students the opportunity to demonstrate their understanding of business organisation, their teamwork and entrepreneurial skills. The design and build project has planning skills assessed through the project plan and communication skills through the oral presentation. The competition and demonstration allow assessment of practical skills, whilst writing skills are also assessed in the project report.