D3

Definition
Identify and manage cost drivers.

Sub skills
Write the second section of your page here.

Assessment
Current methods used to assess ability in the skill.

Benchmarks
CORE

Design & Construction

Be able to analyse the requirements for a product and derive a specification for its design. Be able to work from concept through specification, design and construction in stream-related teams and be able to demonstrate knowledge in reports and a presentation.

Software Engineering Project

The main aspect of the module is a large group project where students will be encouraged to take on various roles in an artificial company (created for the purposes of the project) that develops a software product, adopting the agile methods taught as part of the lectures. Financial and QA procedures for the company will need to be established as part of the project, and a proper financial record kept of company transactions. A supervisor will adopt the role of a customer, who will provide requirements for the software. These requirements may change during the development of the software, in an attempt to reflect real-world issues of changing demands of customers.

NON-CORE

Principles of Flight

Design exercise.

Introduction to Business Management in Electronic Engineering Prepare a business plan and Technical Appraisal report for a new product. Understand the role of marketing for a new product. Apply marketing techniques (SWOT and 4 P’s) to a new product. Understand the competitive environment of a new product. Understand the role of basic accounting and finance tools for a new product. Understand the factors that affect the price of a new product.

Control Engineering

Understand the problems of control system implementation in a real-world context.

Management and Marketing of Technology

Understand the place of technology management in the modern world. Analyse and critique a past technological innovation. Understand the change implications of a technological innovation on an organisation.

Accounting & Finance

Describe and analyse the interaction between Costs, Volume and Profit in the context of product manufacture and apply CVP analysis techniques to financial decision making. Classify the different types of assets required within an organisation to enable it to trade. Describe qualitatively the difference between incremental and zero based budgeting and how budgets are constructed within organisations. Appraise the value to an organisation of an investment opportunity. Prepare a cash flow forecast and from it derive a Profit and Loss Account and Balance Sheet. Appraise the value to an organisation of an investment opportunity.

Relevant Higher Order Skills
Electrical Engineering