Engineering

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ECM3130 - Engineering in Society and Company Finance (2015)

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MODULE TITLEEngineering in Society and Company Finance CREDIT VALUE15
MODULE CODEECM3130 MODULE CONVENERProf Philippe Young (Coordinator)
DURATION: TERM 1 2 3
DURATION: WEEKS 0 11 weeks 0
Number of Students Taking Module (anticipated) 131
DESCRIPTION - summary of the module content

This module will provide you with essential knowledge for all engineers, which will benefit you in your future career. It will impart a basic understanding of engineering ethics: the legal and moral responsibility that comes with being an engineering professional, to your employer, to public safety, and to the environment. In addition, you will gain basic training in standard financial documents: balance sheets, income statements, cash flow forecasts, and profit and loss statements. You will also learn how to do simple manufacturing and project costing.

AIMS - intentions of the module

This module is designed to raise your awareness of your future responsibilities to society as a professional engineer. It aims to equip you with a working understanding of non-technical issues such as social responsibility, health and safety, sustainability, product liability and intellectual property. Finally, it will equip you to make simple financial appraisals of projects and to operate in the commercial environment.

 

This module covers Specific Learning Outcomes in Engineering, which apply to accredited programmes at Bachelors/MEng/Masters level. These contribute to the  educational requirements for CEng registration (as defined under the UK Standard for Professional Engineering Competence – UK-SPEC).


This module correlates to references P1, S1, S3, S4, S5, P5, P6, MU4, MS1, MS2 and GM4. These references are indices of the specific learning outcomes expected of Bachelors/MEng/Masters candidates set out in UK-SPEC, codified with reference to systems used by professional accrediting institutions. A full list of the standards can be found on the Engineering Council's website, at http://www.engc.org.uk

INTENDED LEARNING OUTCOMES (ILOs) (see assessment section below for how ILOs will be assessed)

On successful completion of this module, you should be able to:

 

Module Specific Skills and Knowledge:
1 appreciate the principal responsibilities of a professional engineer to the employer, the public and the environment;
2 comprehend the basic legal, regulatory and financial issues relating to production and projects;
3 interpret standard financial documents: Balance Sheet, Profit and Loss account, Cash Flow forecast;
4 understand and apply simple manufacturing and project costing.
Discipline Specific Skills and Knowledge:
5 grasp the ethical and moral responsibilities of a professional engineer;
6 demonstrate an awareness of the requirements regarding health and safety, as they apply to their work as professional engineers;
7 show familiarity with the processes of risk assessment in engineering activities;
8 prove knowledge of the requirements of sustainability and the management of environmental resources.
Personal and Key Transferable/ Employment Skills and  Knowledge:
9 evaluate information from a diverse range of sometimes conflicting sources;
10 exhibit an understanding of the issues involved in engineering and use relevant approaches to make difficult decisions.

SYLLABUS PLAN - summary of the structure and academic content of the module

The module will cover the majority of issues below, but will be flexible enough to devote time to emerging contemporary issues:
 

- product liability;

- intellectual property;

- copyright;

- registration of designs and patents;

- counterfeit products;

- data protection and security;

- sustainability in product design and manufacture;

- remanufacturing, repair, re-cycling;

- energy balance, lifecycle costing and environmental impact;

- health and safety responsibilities and ethics;

- health and safety regulations - HASAWA, COSHH, etc; 

- equal opportunities;

- globalisation and effects of lowest-cost production on third world countries;

- climate change and emerging policy questions;

- disaster relief;

- state, company and individual contributions and responsibilities;

- assessment and management of risk in complex engineering systems;

- company accounts, financial returns for small enterprises, profit and loss, balance sheet;

- project costing, cost centres, earned value analysis, forecast vs actual costs;

- direct and indirect costs, overhead apportionment;

- activity based costing;

- break-even analysis;

- budgeting and cash-flow, investment appraisal.

LEARNING AND TEACHING
LEARNING ACTIVITIES AND TEACHING METHODS (given in hours of study time)
Scheduled Learning & Teaching Activities 78.00 Guided Independent Study 72.00 Placement / Study Abroad 0.00
DETAILS OF LEARNING ACTIVITIES AND TEACHING METHODS
Category Hours of study time Description
Scheduled learning and teaching activities 22 Lectures
Scheduled learning and teaching activities 11 Tutorials
Scheduled learning and teaching activities 45 Assignments
Guided independent study 72 Guided independent study

 

ASSESSMENT
FORMATIVE ASSESSMENT - for feedback and development purposes; does not count towards module grade
Form of Assessment Size of Assessment (e.g. duration/length) ILOs Assessed Feedback Method
Finance question in class   2, 3 Answer displayed in class
       
       
       
       

 

SUMMATIVE ASSESSMENT (% of credit)
Coursework 40 Written Exams 60 Practical Exams
DETAILS OF SUMMATIVE ASSESSMENT
Form of Assessment % of Credit Size of Assessment (e.g. duration/length) ILOs Assessed Feedback Method
Written exam – closed book 60 2 hours All None
Accidents Coursework assignment  40 2000 words All Written
         
         

 

DETAILS OF RE-ASSESSMENT (where required by referral or deferral)
Original Form of Assessment Form of Re-assessment ILOs Re-assessed Time Scale for Re-reassessment
All above Written exam (100%) All August Ref/Def period
       
       

 

RE-ASSESSMENT NOTES

If a module is normally assessed entirely by coursework, all referred/deferred assessments will normally be by assignment.

If a module is normally assessed by examination or examination plus coursework, referred and deferred assessment will normally be by examination. For referrals, only the examination will count, a mark of 40% being awarded if the examination is passed. For deferrals, candidates will be awarded the higher of the deferred examination mark or the deferred examination mark combined with the original coursework mark.

RESOURCES
INDICATIVE LEARNING RESOURCES - The following list is offered as an indication of the type & level of
information that you are expected to consult. Further guidance will be provided by the Module Convener

ELE – http://vle.exeter.ac.uk


 

Reading list for this module:

Type Author Title Edition Publisher Year ISBN Search
Set Atrill P and McLaney E Accounting and Finance for Non-Specialists 3rd Prentice Hall 2001 978-0273646327 [Library]
Set Collins S, Ghey J and Mills G The Professional Engineer in Society Kingsley 1989 1853025011 [Library]
Set Kletz T Learning from Accidents 3rd Butterworth Heinemann 2001 978-0750648837 [Library]
Set Reynolds A J The Finances of Engineering Companies: An introduction for students and practising engineers Arnold 1993 000-0-340-56827-3 [Library]
Set Upchurch A Management Accounting: Principles and Practice Pitman Publications 1998 000-0-273-62226-9 [Library]
Extended Steffy, Loren C Drowning in Oil: BP and the reckless pursuit of profit McGraw-Hill 2010 978-0071760812 [Library]
Extended Davis J and Lambert R Engineering in Emergencies: a practical guide for relief workers Technology Publications 1995 000-1-853-39222-7 [Library]
CREDIT VALUE 15 ECTS VALUE 7.5
PRE-REQUISITE MODULES None
CO-REQUISITE MODULES None
NQF LEVEL (FHEQ) 3 (NQF level 6) AVAILABLE AS DISTANCE LEARNING No
ORIGIN DATE Friday 09 January 2015 LAST REVISION DATE Tuesday 17 May 2016
KEY WORDS SEARCH Sustainability; accidents; health and safety; ethics