Module Catalogue

MEC2106 : Engineering Professional, Legal and Financial Context

  • Offered for Year: 2019/20
  • Module Leader(s): Dr Eugene Wong
  • Owning School: Engineering
  • Teaching Location: Singapore
Semesters
Semester 1 Credit Value: 15
ECTS Credits: 8.0

Aims

The module will consist of four strands
- Legal and financial context of engineering.
- Project and product costing
- Benchmark operational standards for quality and the environment
- Professional ethics and corporate social responsibility

Outline Of Syllabus

Legal and financial issues (Singapore):
- contract law, dispute resolution, negligence and liability, IPR, legal risk management;
- financial accounts, annual reports, accounting standards and auditing, balance sheet and income statement, ratio analysis, valuing companies, depreciation;
- management accounting (cost/volume/profit analysis, fixed and variable costs, contribution, overheads, costing approaches, budgetary control, capital budgeting, balance sheet).

Project and product costing:
- time-value-of money and discount rate, NPV;
- Lifetime cost, CBR, payback period, IRR;
- Cost per product.
- Cost of labour and outsourcing
- Cash flow and depreciation
- Replacement analysis.

Benchmark operational standards:
- quality (ISO9001, etc)
- environment (ISO14001) and sustainability, environmental auditing and management.

Professional ethics and corporate social responsibility
- ethical responsibilities of individual professional engineers.
- Corporate social responsibility (eg SA8000, ISO26000)

Teaching Methods

Module leaders are revising this content in light of the Covid 19 restrictions.
Revised and approved detail information will be available by 17 August.

Assessment Methods

Module leaders are revising this content in light of the Covid 19 restrictions.
Revised and approved detail information will be available by 17 August.

Reading Lists

Timetable