Engineering Management

In: Science

Submitted By deepesh195
Words 2460
Pages 10
Deepesh Rana
EGMT 501 – 912
Prof Thomas Edwards
Mid-term Project
BACKGROUND INFORMATION REGARING THE ISSUE The issue I will be analyzing and investigating will be when an organization or department receives minimal or no funding whatsoever, how does the manager or the president of the organization keep everyone motivated enough to continue working with the same zeal and vigor. In addition, how can the team leader bring out the best in his/her subordinates despite all of them knowing that they have no money to play with and invest in activities that their organization is involved in.
Being a student, I’ve mostly been involved in issues related to student organizations I’ve been a part of. The management issue I will be throwing light upon will be from one such organization.
The Drexel Indian Undergraduate Students Association or DISHA is a student organization on campus that’s been in existence since the late 1990’s and comprises of approximately 15 e-board members. As a campus organization, DISHA receives yearly funding to help its members organize a variety of events ranging from cultural and religious to fun filled excursions. Every year, DISHA organizes anywhere from 10-12 events for a student base of about 250 people on average per event. This not only requires leadership, teamwork and team management, but also requires a good sum of money: about $12,000 - $15,000 on average.
However, last year, because of certain members’ inability to follow the correct procedure and standards to apply for the funding, DISHA received no funding whatsoever. From a management perspective, such an event can have serious negative effects on the organization and its members, for example: 1) A blame game ensues between different members in the organization as a result of no money being awarded, 2) Members get demotivated to work for the organization because no money…...

Similar Documents

Engineering Management

...1-2 Compare how well engineering and management satisfy the several part of definition of a profession. By definition of engineering requiring application of science and mathematics that people could logically apply quantifiable knowledge for example academic knowledge, practical training, experience and work-study to satisfy the use and convenience of man. However, management indicates the term of managing, training, or directing. Engineering management is a career that brings together the technological problem-solving savvy of engineering and the organizational, administrative, and planning abilities of management in order to oversee complex enterprises from conception to completion that comprehended as a profession which require the special knowledge and often long and intensive preparation to satisfy high standard of achievement and conduct and committing for its primes propose to rendering of public service. 1-4 Comment on the sensitivity of U.S. engineering employment to a major change in the department of defence budget. What types of engineering would be especially affected? According to the U.S Department of Labor, in 20006 it illustrated that civil engineering was the highest number of employment. The probability of building any infrastructures might be reduced because of the cutting budget.1 1-6 How does the job of supervisor or first-line manager differ from that of higher-level manager? For first line manager they make short range operating plans......

Words: 765 - Pages: 4

Engineering Management

...strategic challenge for LPL is competing with other organizations for public attention and time while delivering the best service levels possible within the means available for the London residents whom have diverse needs and expectations. The chief executive officer (CEO) of London Public Library, Anne Becker, had developed and had begun to implement a new strategic plan with a very tight budget by using Balanced Scorecard which essentially focused on service excellence, staff, culture, technology and collections. The Balanced Scorecard was used as an analysis framework which helped to translate organization’s mission and strategy into a comprehensive set of performance measures and provide the framework for strategic measurement and management. As the project developed along four strategic perspectives including community, internal process, organization readiness and financial perspective, then project teams such as collection, leading, youth and literacy services were assembled and set into action and strategy execution. Programs, services and initiatives that make a difference in the lives of diverse populations in London must be maintained. For instant the E-reference transactions service must get upgraded and the quality of online services must improve by using up-to-date technology as there is a massive increase in computer usage, remote services of website and electronic databases. Human resources diversity strategies must obtain local demographic, neighbourhood......

Words: 2768 - Pages: 12

Engineering Management 535

...Engineering Management 535 Dr. Stephen V. Smith Final Exam (100 Points) 15 Points 1. Assume that you are in the 40% federal-plus-state marginal tax bracket and that capital gains taxes are deferred until maturity. Assuming equal investment risk and a horizontal yield curve, rank the following investment opportunities on the basis of the effective annual yields: a. A $100 par value perpetual preferred stock with an annual coupon of 12%, quarterly payments, and selling at $105. b. A $1,000 par value, 20-year, non callable, semiannual bond with a coupon of 12% currently selling at $1,050. c. A $1,000 par value, 20-year, non callable, semiannual bond with a coupon of 6% selling at a price of $637. d. How would the situation change if the ranker had been: (1) a pension fund investment manager or (2) a corporation that is in the 40% federal-plus-state bracket? Part d - Explain in words but demonstrate that you could quantify your answer. 10 Points 2. Assume an all equity firm has been growing at a 15 percent annual rate and is expected to continue to do so for 3 more years. At that time, growth is expected to slow to a constant 4 percent rate. The firm maintains a 30 percent payout ratio, and this year's retained earnings net of dividends were $1.4 million. The firm's beta is 1.25, the risk-free rate is 8 percent, and the market risk premium is 4 percent. If the market is in equilibrium, what is the market value of the......

Words: 2613 - Pages: 11

Engineering Management

...there are no fixed charges. 2. There is not fixed maturity. 3. Common stock increases the credit worthiness of a firm. 4. Common stock can at times be sold more easily than debt. Issuer Disadvantages (the company): 1. Extends voting rights or control to additional stockholders 2. Gives more owners the right to share income. 3. Initial costs of “underwriting” and distribution are higher than bonds. 4. Changes the debt/equity mix of the firm. 5. Dividends are not deductible form taxable income. (why isn’t dividends a deductible for companies) Investor Advantages (the individual): 1. Participate in growth of firms value 2. Receive dividends (Quarterly income) 3. Limit liability 4. Vote for management/directors Investor Disadvantages (the individual) 1. Participate fully in risk of loss 2. Loss of dividend 3. Worthless paper (Occurs when a company goes bankrupt) Bonds: Are called fixed income securities because they provide a stream of income. This feature is very attractive to some investors. Issuer Advantages (the company): 1. Cost of the debt is limited. Bondholders do not participate in superior profits. 2. Typically the expected yield is lower than the cost of common stock. 3. The owners of the corporation do not share control with debt holders. 4. Bond interest payments are tax deductible from taxable income. 5. Flexibility can be achieved by a call provision. Issuer Disadvantages (the......

Words: 1101 - Pages: 5

Engineering Technology Management

...Why Engineering Technology Management? 2345678910 * Increase your promotion potential * Develop advanced skills for achievement * Manage technical and engineering professionals * Prepare to change the world Technology and engineering management is vitally important for both private and public-sector organizations that must manage the fast pace of technological change. Today, all businesses and public organizations are managed with and through technology. Understanding the technological and engineering basis of management activities is essential for modern management. For example, information technology is used in planning, operations, and marketing. Engineering and production technologies are used in designing and producing products. Service technologies are used to deliver consumer value. Emerging technologies impact the entire organizational structure and its operation. The Master of Science in Engineering Technology Management develops leaders to support the needs of the modern world-wide industry. The curriculum enhances both career and personal objectives. Graduates of the program are equipped to manage organization resources, lead technological change, and strategically integrate higher- level knowledge within their companies. The Master of Science in Engineering Technology Management (MSETM) provides a broad-based core of management competency in business functions, along with a solid understanding of engineering technologies and capabilities.......

Words: 1140 - Pages: 5

Logistics Engineering and Management

...Jessica L. Stewart 28 February 2013 Midterm/MGT 5061 Over the past eight weeks, we’ve discussed several topics from the textbook Logistics Engineering and Management. For the purpose of this assignment, I will discuss only 3 aspects of the subject matter. As a Quality Assurance Specialist (QAS) supporting the U.S. Army, my job, as well as other civilian personnel, is to help ensure military readiness by supporting the warfighter in every way possible. In today’s society, the need to develop and produce high quality systems is in high demand. It’s even higher in the defense sector. In order to be successful with providing these long lasting, high quality systems to our customer, it is important that we support these systems by ensuring that the provided product designs are supportable and also ensuring that sustainment maintenance is conducted throughout the systems’ entire life cycle. These are viewed as logistics activities. With that said, the areas of logistics that I’d like to focus on are as follows: Reliability, Maintainability, and Availability Measures, The System Engineering Process, and The Measures of Logistics and System Support. According to our textbook, logistics is defined as “the composite of all considerations necessary to assure the effective and economical support of a system throughout its life cycle”. Systems have a big responsibility. They need to be able to perform as intended, be available when needed, and be cost-effective. There......

Words: 1524 - Pages: 7

Value Management and Value Engineering

...STUDENT NAME DEGREE PROJECT SUPERVISOR PROJECT TITLE Engineering and Management Practice in UAE and Significance of its Post Economic Crisis DATE KEYWORDS Value Sustainable development Management Literature Review 1.1 Introduction Extensive research has been done on value engineering and value management over the past and as a result different concepts have been formulated and valuable literature has been produced. However, most of this research has been based upon cost effectiveness and other functional issues that have been arising over the past decades and why it is important to focus on this particular aspect. The literature has been reviewed, focusing on various aspects of value engineering and value management and its importance in construction industry, so as to obtain a better understanding as to the role of sustainability in civil engineering. Literature has also been reviewed into what factors lead to the implementation of basic principles of value engineering and value management. 1.2 Value Value is a term which is difficult to define by most scholars. It carries different meaning and weightage for different people. It is commonly linked with product cost or product manufacturing price and service cost (Cheah and Ting, 2005). Typically, it is defined as the ratio of the product worth which it carries for a person and the price he / she pays for it. 100 percent value can be achieved if the product or service received is worth...

Words: 4135 - Pages: 17

Engineering Management

...changes in Global Industrialization and Design Engineering have made the role of mechanical engineer a really indispensable one. It has been my deepest desire to be a part of this rapidly burgeoning community. With due reverence to the Department and the University, I pen down this Statement of purpose. To reach the peaks of perfection, I consider studying in a suitable environment and a good university with a rewarding research program, where the research facilities and the faculty at the university are excellent is of utmost necessity. Right from my schooling I have shown keen interest in mathematics and physics that enhanced quantitative and analytical skills in me. This strength enabled me to secure XX% in XX(10th grade). I passed my senior secondary school with XX% in mathematics and XX% in physics respectively and I gained an overall percentage of XX% marks in Mathematics, Physics and Chemistry, which were my main subjects. The competitive spirit within me acted as a catalyst in all my academic successes. Pursuing engineering as my future was a natural consequence because of my love towards science and technology. To study in this field, I had to overcome hurdles, a common entrance examination, which I had to take along with hundreds of thousands of students, all aspiring to get through. I passed with flying colors, being placed in the top X% of all students who took the examination. I took up Mechanical Engineering in XXXXX COLLEGE affiliated to......

Words: 808 - Pages: 4

Engineering Management

...feedback mechanism. A multiplicity of encoders, channels, decoders, and feedback mechanisms can be used. However, for the information in a message to be processed clearly, quickly, and with a minimum amount of degradation, management must establish clear, formal communication channels. Let's assume the message to be transmitted originates with the manager, or that he is serving as the agent for passing along a message from another source. Regardless of the source, the message passes through his (the sender's) filter before it reaches the intended recipient. The sender injects his attitudes and perceptions into the message; determines who should receive it; and the channels through which it should flow, i.e., upward, down-ward, laterally, or a combination of these. The attitudes and perceptions of the recipient, of course, influence the message translation, as well as the feedback he provides. Peter Drucker, noted exponent of good management practices, says: "The manager has a specific tool: information. He doesn't "handle" people, but instead he motivates, guides, organizes people to do their own work. His tool - the only tool - to do all this is the spoken or written word or the language of numbers. It does not matter whether the manager's job is engineering, accounting, or spelling. To be effective, a manager must have the ability to listen and to read, and the ability to speak and to write. Managers need skill in getting their thinking across to other people." This......

Words: 3279 - Pages: 14

Engineering Management

...SOP: Engineering Management "For a good chunk of time, I was debating whether I should pursue a technical graduate degree or not. Although I thoroughly enjoyed the robust analytical and problem solving curriculum of my undergrad education, towards the end I felt that it was becoming too narrowly focused for my liking. The additional business classes I took enabled me to recognize some of the issues that go into commercializing innovation in the different fields of technology. The flexible program here not only lets me go in depth into a variety of technical topics in engineering, it enables me to develop practical business skills through core courses taught by business faculty and electives taken alongside MBA candidates. It is truly a customized program where someone with a technical background can tweak their graduate education to pursue careers in technical engineering, business consulting, and even finance. The collaboration with fellow students with different cultural backgrounds, technical training, and levels of work experience are invaluable in today's flat world. For me, these are reasons good enough to choose the program over a traditional technical master's degree."  "With events that have occurred over the past few years, I began thinking about how improvements in technology can greatly help in the safety of people and resources. I realize that coming up with an idea is only the beginning, and that I must equip myself with the knowledge of integrating technology...

Words: 306 - Pages: 2

Engineering Management

...MME 4272: Engineering Management II ASSIGNMENT # 2 Factors, BEP and Depreciation (35+30+35) Total Marks: 100 ‘A diamond is a lump of coal that did well under pressure.’ Source unknown Problem #1 [5] What amount would you need to pay each January 1 into a savings account if at the end of 15 years (15 payments) you desire RM 30,000? Annual interest is 7%. (Note: The last payment will coincide with the time of RM 30,000 balance.) Problem #2 [5] A future amount, F, is equivalent to $1,500 now when six years separate the amounts and the annual interest rate is 12%. What is the value of F? Problem #3 [5] A present obligation of $20,000 is to be repaid in equal uniform annual amounts, each of which includes repayment of the debt (principal) and interest on the debt, over a period of five years. If the interest rate is 10% per year, what is the amount of the annual repayment? Problem #4 [6+4=10] Suppose that the $20,000 in problem 3 is to be repaid at a rate of $4,000 plus the interest that is owed based on the beginning-of-year unpaid principal. a) Compute the total amount of interest repaid in this situation and compare with that of problem 3. b) Why are the two amounts different? Problem #5 [4+6=10] It is estimated that a copper mine will produce 10,000 tons of ore during the coming year. Production is expected to increase by 5% per year thereafter in each of the following six years. Profit per ton will be $14 for years one through seven. a)......

Words: 1246 - Pages: 5

Engineering Management

...to employees at home emphasizing values with examples; (3) plant posters noting a simple, meaningful motto; (4) TV and newspaper ads that will reach employees and the general public; (5) reward programs that encourage employees to implement corporate values and gives them both recognition and rewards, and (6) continuous management by example. 4. As an R&D manager, what actions might you take or what programs might you implement to ensure that your organization has gotten the maximum benefit from patentable ideas? (8 points) R&D personnel should rigorously document progress; ensure that professional staff understands enough about what might be patentable to know when to consult your patent staff, who should be readily available; keep patentable ideas secret until patented (and trade secrets indefinitely), and ensure that scientists and engineers appreciate the need to and do clear their publications and external presentations with legal personnel. 5. How do the kinds of ideas best protected by patent differ from those best protected by keeping them a trade secret? (8 points) Page 2 of 2 If a trade secret can be discovered through reverse engineering, it may be better to patent the idea. The essence of a patent lies in the disclosure of the idea to the public in exchange for the period of exclusive use. Trade secrets protection should be used where the requirements for a patent cannot be met and/or where there is a desire and reasonable hope of maintaining the......

Words: 1350 - Pages: 6

Engineering Management

...to employees at home emphasizing values with examples; (3) plant posters noting a simple, meaningful motto; (4) TV and newspaper ads that will reach employees and the general public; (5) reward programs that encourage employees to implement corporate values and gives them both recognition and rewards, and (6) continuous management by example. 4. As an R&D manager, what actions might you take or what programs might you implement to ensure that your organization has gotten the maximum benefit from patentable ideas? (8 points) R&D personnel should rigorously document progress; ensure that professional staff understands enough about what might be patentable to know when to consult your patent staff, who should be readily available; keep patentable ideas secret until patented (and trade secrets indefinitely), and ensure that scientists and engineers appreciate the need to and do clear their publications and external presentations with legal personnel. 5. How do the kinds of ideas best protected by patent differ from those best protected by keeping them a trade secret? (8 points) Page 2 of 2 If a trade secret can be discovered through reverse engineering, it may be better to patent the idea. The essence of a patent lies in the disclosure of the idea to the public in exchange for the period of exclusive use. Trade secrets protection should be used where the requirements for a patent cannot be met and/or where there is a desire and reasonable hope of maintaining the......

Words: 1350 - Pages: 6

Engineering Management Syllabus

...SYLLABUS INEN 4369/5369: ENGINEERING MANAGEMENT Spring 2016 Instructor E-mail: Phone Fax Office Office Hours Berna EREN TOKGOZ berna.tokgoz@lamar.edu E-mail communication is the best. Please do NOT e-mail the instructor through Blackboard!!! Always use berna.tokgoz@lamar.edu. (409) 880-8815 (409) 880-8121 2202 Cherry Engineering Monday: 1:00 pm – 2:00 pm, Thursday: 1:00 pm – 2:00 pm or by appointment. Class Web Site http://luonline.blackboard.com/webapps/login/ Communication Login to Blackboard and check your e-mails frequently for notes, downloads and announcements. Course Textbook (Required) 1. Management by John R. Schermerhorn. 13th Edition. John Wiley & Sons Inc. ISBN: 978-1-118-11392-9 2. Managing Engineering and Technology by Lucy C. Morse and Daniel L. Babcock. 6th Edition. Pearson Higher Education, Inc. ISBN-13: 978-0-13-348510-3, ISBN-10: 0-13-348510-2 3. Project Management: A managerial Approach by Jack R. Meredith and Samuel J. Mantel, Jr. 8th Edition. John Wiley & Sons Inc. ISBN-13: 9780470533024, ISBN-10: 0470533021 4. Seven habits of highly effective people by S&S, ISBN 0-6-7170863-5 Course Overview This course will cover the fundamentals of engineering management. It is designed to teach management principles to engineering students to prepare them as engineering manager. Topics of the course will be divided seven major areas of management. These are management, environment, planning and controlling, organizing,......

Words: 2646 - Pages: 11

Engineering Management

...rivalry from Caribou Coffee and McDonald’s has increased and has driven a competitive environment where quality is the standard. The force imposed by the threat of new entrants has decreased since it’s unlikely that a new entrant will enter due to the cost barriers needed to operate a nationwide or global business and the force imposed by substitute products is low due to the declining sales of soda and the individual choice of coffee. Finally, the forces from both the suppliers and buyers have increased due to the ability of the suppliers to manage their prices for quality coffee beans and for the buyers to have a number of choices in premium coffee robdkelly.com/blog/getting-things-done/swot-analysis-examples/ www.mhhe.com/business/management/thompson/.../starbucks-2.html...

Words: 1941 - Pages: 8

John Donne | I’ll Be Next Door for Christmas | Temporada 01