Professional Documents
Culture Documents
Introduction
What is Engineering?
The profession in which a knowledge of the mathematical and natural science gained by study, experience, and practice is applied with judgement to develop ways to utilize, economically, the materials and forces of nature for the benefit of mankind (1979, US. Engineering societies).
Introduction
What is Management?
A set of activities (including planning and decision making, organising, leading and control) directed at an organisations resources (human, financial, physical and informational) with the aim of achieving organisational goals in an efficient and effective manner. (Griffin)
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Engineering Management
Engineering Management is concerned with the direct supervision of engineers and the management functions (planning, organising, leading and controlling) in a technological organisation.
Prepare engineers to become effective leaders in meeting the challenges in this new millennium
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Major Premises
Technology and business savvy represents a very powerful combination of great demand in society Market environment is rapidly evolving (changing marketplace complexities, webbased technologies, globalization) Leaders with understanding of technology and management perspectives are needed Engineers with proper management and leadership training have great opportunities to add value
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Introduction
Aims
Make engineers more effective as technical contributors (understand managerial points of view, effect teams coordination, drive to add value) Ready engineers for managerial positions (managerial functions, success factors, leadership talents, business/management perspectives, expectations, contributions)
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Dual Aims
Make engineers more effective as technical contributors (understand managerial points of view, effect teams coordination, drive to add value) Ready engineers for managerial positions (success factors, leadership talents, business/management perspectives)
Introduction
Make managers more effective in decisions involving technologies (understand engineering language, limitations and possibilities) Ready managers for contributing effectively in the management of a technology-critical organisation.
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Introduction
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Introduction
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Leadership Skills
Administrative Skills
Technical Skills
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Engineering-speak:
Efficiency - Accomplishing tasks with the least amount of resources (time, money, equipment/facilities, technology - know-how, procedure, process, skills) -
do things right
Effectiveness Accomplishing tasks with efforts commensurate with the value created by these tasks - do the right things
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Introduction
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Learnable Skills
Management knowledge and skills (operational, strategic, financial/accounting, interpersonal skills/communications, etc.)
Decision making skills/ tools (what-if analysis, risk analysis, problem solving, root cause analysis, decision tree, optimization, etc.)
Introduction
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Knowledge and skills in decision-making tools Appreciation of management issues and complexities in implementing decisions
Introduction
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Planning
Project Scheduling Project Budgeting and Selection
Organising
Strategic decision-making Game theory
Leading
Incentives and Productivity (Principal-agent theory)
Controlling
Project Management Performance evaluation
Introduction
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Project Management
BP Oil Spill
Under-fire BP boss Tony Hayward takes time out to enjoy Cowes Week
Introduction
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We are often unable to look ahead more than one period or step!
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Analytical Formulate the decision model for the problem Use of computer and other tools to conduct an extensive and thorough analysis to produce an optimal solution
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Complexity of Decision
The problem is not intuitive: beyond our cognitive capabilities
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Leading/Motivation
Tenth Worker Commits Suicide At Foxconn Plant in Shenzhen 25 May, 2010 Chinese media reported that the families of those who died had received compensation of up to 100,000 yuan (14,500 US), equivalent to about 10 years' wages.
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Present
Future
Local
Global
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Challenges - Inside
Implement projects/programs; manage people, technologies, and resources to add value; develop new product features to enhance company competitiveness; define, control and reduce costs to improve profitability; initiate technology projects to sustain company position
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Challenges - Outside
Keep abreast of emerging technologies and apply them to strengthen companys core competencies; apply web-based tools to enhance operations and foster customer relations; identify best practices to improve engineering operations and surpass them; create supply chain networks to derive speed, quality and cost benefits
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Challenges - Present
Do things right to keep company operating smoothly; use Balanced Scorecard to monitor non-financial and financial performance; control costs and eliminate wastes to attain profitability in the short-run
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Challenges - Future
Seek e-transformation opportunities to create company profitability in the long-run; introduce new generation products timely; create vision for the future related to technologies; Define what should be done for technology-based success in the future
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Challenges - Local
Utilize resources to best achieve companys objectives; take ethical and lawful actions while taking into account local conditions; maintain and nurture local professional networks; share lessons gained with people at other company sites
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Challenges - Global
Apply location-based resources to realize global economies of scale and scope for achieving cost and technology advantages; develop global professional networks; acquire a global mindset; exercise leadership roles in international settings
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