STUDY GUIDE ENGINEERING BUSINESS MANAGEMENT- 2023 FACULTY OF ENGINEERING AND THE BUILT ENVIRONMENT DEPARTMENT OF INDUSTRIAL ENGINEERING STUDY GUIDE ENGINEERING BUSINESS MANAGEMENT (EBM307B) NQF level: Credits : Qualification : SAQA ID: 7 28 Bachelor of Engineering Technology: Engineering: Industrial 101698. Compiled by: G de Clercq Date of last revision:6 February 2023 Page 1 STUDY GUIDE ENGINEERING BUSINESS MANAGEMENT – 2023 Emergency Contact Details: Redi Cure Emergency Medical Services No 2 Jan Groentjie Crescent|Ninapark Ext 26| Tel:012 542 5047 Cell:073 1633 695/082 553 7875 Fax:086 569 3712 Email: events@redicure-emergency.co.za Web Site: www.redicure-emergency.co.za Download App: Redi Cure from Google play. (IPhone app not yet available) ©COPYRIGHT : Tshwane University of Technology Private Bag X680 PRETORIA 0001 All rights reserved. Apart from any reasonable quotations for the purposes of research criticism or review as permitted under the Copyright Act, no part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopy and recording, without permission in writing from the publisher. Page 2 STUDY GUIDE ENGINEERING BUSINESS MANAGEMENT – 2023 CONTENT STUDY GUIDE 1 1. 2. 3. 4. SECTION A: INTRODUCTION ................................................................................................................ 4 1.1 WELCOME.................................................................................................................................. 4 1.2 HOW TO USE THIS GUIDE ....................................................................................................... 4 1.3 PURPOSE OF THIS MODULE/SUBJECT ................................................................................. 4 SECTION B: ORGANISATIONAL COMPONENT ................................................................................... 6 2.1 STAFF CONTACT DETAILS ...................................................................................................... 6 2.2 CONSULTATION AND AVAILABILITY OF LECTURER(S) ....................................................... 6 2.3 YEAR PLAN ................................................................................................................................ 7 SECTION C: PRESCRIBED AND RECOMMENDED RESOURCES...................................................... 9 3.1 PRESCRIBED RESOURCES (COMPULSORY) ........................................................................ 9 3.2 RECOMMENDED RESOURCES ............................................................................................... 9 SECTION D: SUBJECT/MODULE DESCRIPTION ............................................................................... 10 4.1 ARTICULATION AND RELATION TO OTHER SUBJECTS .................................................... 10 4.2 KNOWLEDGE AREAS.............................................................................................................. 11 4.3 HEQSF CREDIT FOR THE MODULE CALCULATION ............................................................ 11 4.4 TIME ALLOCATION .................................................................................................................. 12 4.5. UNIT CONTENT ....................................................................................................................... 12 4.6 SUBMISSION AND FORMAT OF REPORTS AND RUBRICS WITH EVERY PROJECT ....... 22 4.7 RUBRICS FOR PROJECTS ..................................................................................................... 23 4.8 PLAGIARISM AND DISHONESTY ........................................................................................... 23 4.9 ASSIGNMENT .......................................................................................................................... 23 4.10 COMPOSITION OF FINAL MARK ............................................................................................ 23 5. GRADUATE ATTRIBUTES (GA) ........................................................................................................... 25 6. ACTION WORDS ........................................................................................................................... XXXVII Page 3 STUDY GUIDE ENGINEERING BUSINESS MANAGEMENT- 2023 1. 1.1 SECTION A: INTRODUCTION WELCOME Welcome to the subject Engineering Business Management. This is a year subject focusing on the techniques involving decision-making in the manufacturing as well as service industries. From the very start, I wish to express the hope that you will find the subject interesting, exciting, educational and that you will also develop a liking for and interest in this subject and Engineering Business Management. Furthermore, I trust that we shall be working together in ensuring that you pass at the end of the year and be able to apply the tools learned in the future work that you shall be involved in in the industry and thus contribute to a successful career. Engineering Business Management encompasses a wide range of financial aspects of enterprises as well as the entrepreneurial offering to a generic marketplace. Problem-solving techniques and methods applied in the pursuit of improved decision making and efficiency, such as cost volume profit analysis, relative financial value analysis and trend analysis and time value analysis. The subject concludes with a business plan for a small or medium enterprise. Not all work will be covered during normal lectures and can be expected that the student does the extra work on his/her own time. Additional work will be given and you need to make use of the library with the aid of the librarian and use of online referencing platforms as well as the many supporting videos on social media. 1.2 HOW TO USE THIS GUIDE This study guide provides you with all the essential information on this programme. Section A serves as an introduction and Section B addresses organizational matters. Section C indicates the prescribed and recommended resources for this module. Section D addresses the learning programme itself and provides you with amongst others the programme overview, outcomes, and references to the textbook to enable you to do the required self-study and preparation for lecturers Section C provides an overview of the assessment requirements for this module to enable you to prepare for assessments and complete assignments and other work according to requirements. You are required to familiarise yourself with the content of this study to ensure you are aware of the requirements and expectations. 1.3 PURPOSE OF THIS MODULE/SUBJECT The purpose of this subject is to provide the student with the fundamentals of costing calculation considerations, product costing, analysis and interpreting financial reports, Implications of effective interest rates and the tax effect on cash flow, advanced cash flow evaluations. This course also empower learners to evaluate new and existing enterprises. Learners will be able to understand entrepreneurial characteristics, drive and creativity in problem solving. The course give learners an orientation towards a marketing strategy and the presentation of a product offering to enhance enterprise profitability. The course culminates in business plan. Computer applications in engineering finance are integrated in all learning materials and the practical’s in the subjects is for students to master this aspect. Page 4 STUDY GUIDE ENGINEERING BUSINESS MANAGEMENT – 2023 Page 5 2. 2.1 SECTION B: ORGANISATIONAL COMPONENT STAFF CONTACT DETAILS NAME CAMPUS ROOM NO Mr. G. de Clercq Mr. G. de Clercq Pretoria Pretoria 2-332 2-337 Mrs. M. Mashilo Pretoria Building 20 ground floor Mr. G de Clercq. Mr WF Haupt Pretoria 2-332 Head of Department Details Mr. T. Nenzhelele Campus Pretoria 2-332 Office 012 382 5967 Tel NenzheleleT@tut.ac.za Email 2.2 TEL NO E-MAIL 012 382 4206 declercqg@tut.ac.za declercqg@tut.ac.za 012 382 5371 012 382 4206 declercqg@tut.ac.za Departmental Administrator S Malefahlo 2-337 2-337 012 382 4847 CONSULTATION AND AVAILABILITY OF LECTURER(S) Throughout the semester, the consultation will be available to all Engineering Business Management students. If, after attending class and making every effort the student still has problems with understanding key concepts or principles or their application, the lecturer is available for consultation. The lecture is available on “whatsup” 0833246893. Students are encourage to make first use of this platform to raise questions or queries before making an appointment to seek more clarity and understanding of academic work. The student may choose to make appointments if he/she is still having problems with understanding, or applying the knowledge. To allow the lecturer to plan his/her diary, it is important to book an appointment with the lecturer. Do not assume that if the lecturer is in his/her office that you can expect consultation even if it is during the time the lecturer has set aside for consultation. Appointments must be booked at least three days in advance. How to book an appointment? – Use Whatsup to mail to the lecturer requesting a consultation slot. The lecturer will confirm on the same system if the appointment is made. Page 6 of 39 2.3 Duration YEAR PLAN CONTENTS Week 1 Nature of cost and classification of cost Assessment 5 Week 2 Job-order costing Absorption Costing Assessment 5 Cost behavior: analysis of cost Assessment 5 Week 3 – 4 Week 5 – 6 Cost Volume Profit relationship; Assessment 1 Assessment 5 Week 7 – 8 Activity Based Costing – tool for decision making Week 9-10 Budgeting and performance analysis Week 11-12 Standard Cost & Variances Week 11-12 (Self-Study) Relevant cost for decision making Assessment 2 Week 13-15 Capital Budgeting: Time Value of Money, Internal rate of return Payback time Assessment 5 Cash flows, Depreciation, Tax Week 16 Week 17-18 Week 19 Week 20 Financial statement Analysis, Comparison financial data, Ration analysis Assessment 3 Pricing Products & Services Assessment 7 Entrepreneurs Week 21 Entrepreneurial creativity, Lateral thinking, Problem solving Assessment 7 Week 22 Evaluating opportunities (new / existing enterprises/markets) Week 23-24 Product Mix and Marketing strategy Assessment 4 Assessment 7 Business Plan Assessment 6 Week 25-28 Page 7 of 39 Page 8 of 39 3. SECTION C: PRESCRIBED AND RECOMMENDED RESOURCES 3.1 PRESCRIBED RESOURCES (COMPULSORY) Prescribe books and documents Name: Managerial Accounting (17th Edition) Author: Garrison , Noreen, Brewer Publisher: McGraw-Hill ISBN No: 9780071117944 3.2 RECOMMENDED RESOURCES Recommended resources Name: Fundamentals of Financial Management 14th edition Author: Brigham, Houston Publisher: ISBN no: 10-1285867971 Name: Fundamentals of Corporate Finance 12th edition Author: Ross, Westerfield, Jordan Publisher: Mcraw-Hill ISBN no: 978-1-260-09190-8 Name: Principles of managerial finance Global edition Author: Gitman Publisher: Pearson ISBN no: 13-9781292018201 Name: Small lBusiness Management An Entrepreneurial Emphasis 10th edition Author: Longnecker, Moore, Petty Publisher: South Western Name: New Venture Creation Entrepreneurship for the 21st Century Page 9 of 39 Author: Jeffry A Timmons Publisher: McGrawHill Recommended electronic material and websites VIDEO YouTube and other links WEBSITES It is recommended that the student uses the internet as much as possible and some assignments may be given to the students to do that incorporate the internet. 4. 4.1 SECTION D: SUBJECT/MODULE DESCRIPTION ARTICULATION AND RELATION TO OTHER SUBJECTS Engineering Business Management is central to all Industrial Engineering activities and therefore links to all other subjects offered by this programme. The student will be required throughout the duration of this programme to link knowledge and skills gained in the other subjects. This will be done through the project briefs provided by the lecturers where themes, knowledge, and skills learned in these subjects will require the student to demonstrate various conceptual approaches, as well as apply critical thinking and awareness to their own creative ability with regard to decision making. Page 10 of 39 4.2 KNOWLEDGE AREAS Mathematical Sciences Basic Sciences Engineering Sciences 0 0% 0% 4.3 Engineering Computing Design and and IT Synthesis 0%(2 credits) 20% (7credits) Complementary Studies 70% (19 credits) HEQSF CREDIT FOR THE MODULE CALCULATION Type of Activity Time Unit (hours) Contact Time Multiplier L = total lectures 44 TL = duration of a 1,5 lecture period ML = total work per 1,67 lecturer period T = total tutorials 0 TT = duration of a 1 tutorial period MT = total work per 1,00 tutorial period P = total practical 44 TP = duration of a 1,5 practical period MP = total work per 1,00 practical period X = total other 9 contact periods TX = duration of other period 1,5 A = total assignment 12 non-contact TA = duration of assignment 1,0 MX = total work per 1,0 other period ME = total work outside L, T, P, X, 3,3 and A per assessment hour E = assessment hours outside time 20 accounted for by L, T, P, X and A HEQSF CREDIT FOR THE MODULE (C*): 28,0 C = {(L * T L* ML) + (T * TT * MT) + (P * TP * MP) + (X * TX * MX) + (A * TA) + (E * ME)} / 10 C = {(44*1.5*1) + (0*1*1) + (44*1.5*1) + (18*1,5*1) + (12*1) + (20*3.3)} / 10 C= 110 + 0 + 66 + 27 + 12 + 66 C=28 Page 11 of 39 4.4 TIME ALLOCATION Learning Activity Lectures Student preparation and self-study Tutorials Practical’s / Laboratory Other contact periods Assignments Assessments Total learning time 4.5. Time (hrs) 84 80 0 40 18 40 18 280 UNIT CONTENT UNIT 1: Nature of cost and classification of cost Learning Outcomes: Become familiar with the processes and issues involved in identifying and defining cost in a real project. Identify manufacturing cost categories, period cost and product cost. GA11 GA10 X GA9 GA8 The following GA will be developed GA7 GA6 GA5 GA4 GA3 GA2 GA1 Understand differences between variable and fixed cost. Graduate Attribute(GA) X Exercises & Assignments: Peanut butter project - Oral instruction = This instruction is on Brightspace under assignments. DUE DATE - 21 February 2023 08h00 submission on Brightspace Page 12 of 39 UNIT 2 & 3: Job-order costing and Absorption Costing Learning Outcomes: Distinguish between job order and process costing Compute predetermined overhead rates The following GA will be developed GA11 GA10 GA9 GA8 GA7 GA6 GA5 GA4 GA3 GA2 GA1 Graduate Attribute(GA) X Due date UNIT 4: LINEAR Cost behaviour: analysis of cost Learning Outcomes: Understand fixed and variable cost behaviour. Apply high low method to analyse mixed cost. Analyse mixed cost using regression analysis on excel Plot mixed cost on a scatter graph using excel GA11 GA10 GA9 GA8 GA7 GA6 GA5 GA4 GA3 The following GA will be developed GA2 GA1 Graduate Attribute(GA) X Exercises & Assignments: UNIT 5: Cost Volume Profit Relationship Learning Outcomes: Explain how changes in activity affect contribution margin and net operating income. Page 13 of 39 Use contribution margin ration in predicting profit with changes in sales volume. Compute break-even sales in units and turnover. Compute the margin of safety X Assessments GA11 GA10 GA9 The following GA will be developed GA8 GA7 GA6 GA5 GA4 GA3 GA2 GA1 Graduate Attribute(GA) X Due date Exercises & Assignments: Individual assignment – Peanut Butter Project – CVP calculation on Excel UNIT 6: Activity Based Costing – tool for decision making Learning Outcomes: Understand Activity Based Costing (ABC) and how ABC differs from traditional costing. Assign cost to cost pools, compute activity rates for cost pools, assign cost to cost object using second-stage allocation GA11 GA10 Assessments GA9 The following GA will be developed GA8 GA7 GA6 GA5 GA4 GA3 GA2 GA1 Graduate Attribute(GA) X Due date Exercises & Assignments: Page 14 of 39 UNIT 6: Budgeting and performance analysis Learning Outcomes: Prepare a sales budget, production budget, material and labour and overhead budget. Prepare a cash budget, budgeted income statement and balance sheet. GA11 GA10 Assessments GA9 The following GA will be developed GA8 GA7 GA6 GA5 GA4 GA3 GA2 GA1 Graduate Attribute(GA) X Due date Exercises & Assignments: Page 15 of 39 UNIT 7: Standard Cost & Variances Learning Outcomes: Explain how direct material and labour standards are set. Calculate direct material price and quantity variances, labour rate and efficiency variances, variable overhead spending and efficiency variances. GA11 GA10 GA9 GA8 GA7 GA6 GA5 GA4 GA3 GA2 GA1 Graduate Attribute(GA) The following GA will be developed Assessments Due date Exercises & Assignments: UNIT 8: Relevant cost for decision making Learning Outcomes: Identify relevant and irrelevant costs and benefits in a decision used in modeling to solve real world problems. Prepare and analysis showing whether a product line or other segment should be dropped or retained. Prepare a make or buy decision. Prepare an analysis showing whether a special order should be accepted. Determine the most profitable use of constrained resources. Prepare an analysis showing whether joint products should be sold at the split-off point or processed further. GA11 GA10 GA9 GA8 GA7 GA6 GA5 GA4 GA3 GA2 GA1 Graduate Attribute(GA) Page 16 of 39 The following GA will be developed Assessments X Due date Exercises & Assignments: Page 17 of 39 UNIT 9: Capital Budgeting: Time Value of Money, Internal rate of return, Payback time. Learning Outcomes: present value method. Evaluate the acceptability of an investment project using the net Calculate the internal rate of return. Evaluate investments with uncertain cash flows Determine the payback period. The following GA will be developed and assessed GA11 GA10 GA9 GA8 GA7 GA6 GA5 GA4 GA3 GA2 GA1 Graduate Attribute(GA) X Assessments Due date Exercises & Assignments: UNIT 10: Cash flows, Depreciation, Tax return, Payback time. Learning Outcomes: Include income taxes in capital budget analysis. GA11 GA10 Assessments GA9 The following GA will be developed GA8 GA7 GA6 GA5 GA4 GA3 GA2 GA1 Graduate Attribute(GA) X Due date Exercises & Assignments: Page 18 of 39 UNIT 11: Financial statement Analysis, Comparison financial data, Ration analysis. Learning Outcomes: Prepare and interpret financial statement in comparative and commonsize form. Calculate and interpret financial ratios. The following GA will be developed GA11 GA10 GA9 GA8 GA7 GA6 GA5 GA4 GA3 GA2 GA1 Graduate Attribute(GA) X Assessments Due date Exercises & Assignments: UNIT 12: Pricing Products & Services Learning Outcomes: Compute profit-maximizing price of a product or service using the price elasticity of demand and variable cost. Compute target price of a new product or service GA11 GA10 GA9 GA8 GA7 Assessments GA6 GA5 GA4 GA3 GA2 GA1 Compare selling price of a product using absorption costing. Graduate Attribute(GA) Due date Exercises & Assignments: UNIT 13: Entrepreneurs Learning Outcomes: Describe characteristics of entrepreneurs Assessing once own abilities required for success in business. Page 19 of 39 GA9 GA10 GA11 GA9 GA10 GA11 GA9 GA10 GA11 The following GA will be developed GA8 GA7 GA6 GA5 GA4 GA3 GA2 GA1 Graduate Attribute(GA) X Assessments Due date Exercises & Assignments: UNIT 14: Entrepreneurial creativity, Later thinking, Problem solving. Learning Outcomes: Apply lateral thinking in problem solving. Use creativity in enterprise development. GA8 GA7 GA6 GA5 GA4 X GA3 GA1 The following GA will be developed GA2 Graduate Attribute(GA) X Assessments Due date Exercises & Assignments: UNIT 15: Evaluating opportunities (new / existing enterprises) Learning Outcomes: Evaluate startup and buying opportunities Evaluate Franchising opportunities Evaluate Family business opportunities GA8 GA7 GA6 GA5 GA4 GA3 GA2 GA1 Graduate Attribute(GA) Page 20 of 39 Assessments Due date Exercises & Assignments: UNIT 16: Product Mix and Marketing strategy Learning Outcomes: Analyse the market and formulating a marketing plan. Create a competitive advantage GA11 GA10 GA9 The following GA will be developed GA8 GA7 GA6 GA5 GA4 GA3 GA2 GA1 Graduate Attribute(GA) X Assessments Due date Exercises & Assignments: UNIT 17: Business Plan Learning Outcomes: Integrated business plan that proves a market exist and do not assume market, all aspects of the plan should be integrate all into a complete plan starting from the product offering. GA11 GA10 Assessments X GA9 The following GA will be assessed GA8 GA7 GA6 GA5 GA4 GA3 GA2 GA1 Graduate Attribute(GA) X Due date Exercises & Assignments: Develop an integrated Business Plan for a SMME or expansion in a product line. Page 21 of 39 4.6 SUBMISSION AND FORMAT OF REPORTS AND RUBRICS WITH EVERY PROJECT All reports must comply with at least the basics of a technical report. Submit all reports as if it is a report to an employer or project manager. Therefore the format will be at least as follows: Cover page Table of content Introduction to the assignment or practical Detailed information Summary List of references Font: Arial Font size: 12 points Line spacing: 1,5 Margins: 25 mm A template will be available on MyTutor on Brightspace that is formatted correctly to the above mentioned format. Download this template and use it as is. Important!!! 1) Information that is Cut and Paste from the internet will be marked negatively as it does not indicate that the student understand the relevant work. 2) Reports must be submitted through MyTutor on Brightspace On completion of the report, before submitting the report, rename the template to a recognizable name that can be linked to the group or individual to whom the results of the report must go. For example: “Ass 2 -Mightyminds.doc” – This is assignment 2 of the group that calls themselves Mighty Minds. “Ass 1- B Kruger.ess” – This is assignment 1 of B. Kruger. 3) Do not include in reports any art, pictures or information that has absolutely no relevance to the task. It will impact negatively on your scoring for the report’s layout. Page 22 of 39 4.7 RUBRICS FOR PROJECTS and ASSIGNMENTS Rubrics are posted with projects and assignments on Brightspace in myTUTor. 4.8 PLAGIARISM AND DISHONESTY Handing in any written assignment for assessment in which the essential parts of the assignment have been copied from the work of another person, or any form of plagiarism is regarded as misconduct and will be dealt with according to TUT policies and procedures 4.9 ASSIGNMENT Maximum of 3 students in a group You are required to formulate a business plan for a small medium enterprise. The business plan cannot assume a market but instead the authors needs to proof the existence of a market and submit it as part of the business plan. It is required that the product offering and the marketing mix be clearly communicated in the plan. The project requires a total integrated plan, starting from the market segment, marketing strategy, production plan, facility and capital choices, product costing, scheduling all represented in the budgeted income statement and cash requirements. The report will be accompanied with an integrated excel spreadsheet that collects all relevant cost into budgeted income statement that reflects all aspects of the business, and the plan for it. Graduate attribute 8 and graduate attribute 11 are assessed in this assignment. 4.10 COMPOSITION OF FINAL MARK All marks must be checked and verified by students for correctness within 3 days of publishing. No alterations will be made after this time. The predicate and final mark will be calculated as follows: Assessment Weights WEIGHT OF SUMMUTIVE ASSESSMENT DURING THE SEMESTER PR / T Assessment WR1 Assessment WR 2 Assessment WR 3 Assessment WR 4 Assessment WR 5 WR 15% 15% 15% 15% AS Graduate Attribute 11 Graduate Attribute 8 1 Assessment WR 6 1 Assessment PR 7 Assessment PR 8 Assessment AS 9 10% 10% TOTAL 20% 18% 62% 18% Page 23 of 39 Assessments PR7 & PR8 consists of a number of practical/tutorials and online assessments accumulated during semester 1 and during semester 2. The submission of these are compulsory and the assessments selected for the marks used in PR7 & PR8 are not known in advance to the learner. AS: Assignments & Project PR: Practical work / Experiments WR: Written Tests T: Tutorials Final mark: This module is continuous assessment. This indicate that all assessments count towards the final mark of the module. A final mark of 50% in needed in order to have passed the module. Practical and Tutorial and assessments submissions. Only submission to Brightspace (the TUT Learning Management System) are accepted. No e-mails will be accepted! To ensure you are able to submit and are not jeopardised by load-shedding, load the content well in advance. Page 24 of 39 5. Graduate Attributes (GA) The graduate is able to demonstrate competence in the graduate attributes 1 to 10. The Graduate Attributes are stated generically and may be assessed in various engineering disciplinary or cross-disciplinary contexts in a provider-based or simulated practice environment. Words and phrases having specific meaning are defined in this document or in the ECSA document E-01-P. Note: General Range Statement: The competencies defined in the ten graduate attributes may be demonstrated in a provider-based and / or simulated workplace context. Graduate Attribute 1: Problem solving Apply engineering principles to systematically diagnose and solve broadly-defined engineering problems Level Descriptor: Broadly-Defined engineering problems: a. require coherent and detailed engineering knowledge underpinning the technology area; and one or more of the characteristics: b. are ill-posed, or under or over specified, requiring identification and interpretation into the technology area; c. encompass systems within complex engineering systems; d. belong to families of problems which are solved in well-accepted but innovative ways; and one or more of the characteristics: e. can be solved by structured analysis techniques; f. may be partially outside standards and codes; must provide justification to operate outside; g. require information from practice area and source interfacing with the practice area that is incomplete; h. involves a variety of issues which may impose conflicting needs and constraints; technical, engineering and interested or affected parties. Graduate Attribute 2: Application of scientific and engineering knowledge Apply knowledge of mathematics, natural science and engineering sciences to defined and applied engineering procedures, processes, systems and methodologies to solve broadly-defined engineering problems. Range Statement: The level of knowledge of mathematics, natural sciences and engineering sciences is characterized by: • A knowledge of mathematics using formalism and oriented toward engineering analysis and modelling; fundamental knowledge of natural science: both as relevant to a sub-discipline or recognised practice area; • A coherent range of fundamental principles in engineering science and technology underlying an engineering sub-discipline or recognised practice; • A systematic body of established and emerging knowledge in specialist area or recognized practice area; and • The use of mathematics, natural sciences and engineering sciences, supported by established models, to aid solving broadly-defined engineering problems. Page 25 of 39 Graduate Attribute 3: Engineering Design Perform procedural and non-procedural design of broadly defined components, systems, works, products or processes to meet desired needs normally within applicable standards, codes of practice and legislation. Range Statement: Design problems used in assessment must conform to the definition of broadly-defined engineering problems. 1. A major design project must be used to provide a body of evidence that demonstrates this outcome. 2. The project would be typical of that which the graduate would participate in a typical employment situation shortly after graduation. 3. The selection of components, systems, engineering works, products or processes to be designed is dependent on the sub-discipline. 4. A major design project should include one or more of the following impacts: social, economic, legal, health, safety, and environmental. Graduate Attribute 4: Investigations, experiments and data analysis Conduct investigations of broadly-defined problems through locating, searching and selecting relevant data from codes, data bases and literature, designing and conducting experiments, analysing and interpreting results to provide valid conclusions. Range Statement: The balance of investigation and experiment should be appropriate to the discipline. An investigation or experimental study should be typical of those in which the graduate would participate in an employment situation shortly after graduation. Note: An investigation differs from a design in that the objective is to produce knowledge and understanding of a phenomenon. Graduate Attribute 5: Engineering methods, skills, tools, including Information Technology Use appropriate techniques, resources, and modern engineering tools, including information technology, prediction and modelling, for the solution of broadly-defined engineering problems, with an understanding of the limitations, restrictions, premises, assumptions and constraints. Range Statement: A range of methods, skills and tools appropriate to the sub-discipline of the program including: 1. Sub-discipline-specific tools, processes or procedures. 2. Computer packages for computation, modelling, simulation, and information handling; 3. Computers and networks and information infra-structures for accessing, processing, managing, and storing information to enhance personal productivity and teamwork; 4. Techniques from economics, management, and health, safety and environmental protection. Graduate Attribute 6: Professional and Technical Communication Communicate effectively, both orally and in writing, with engineering audiences and the affected parties. Range Statement: Material to be communicated is in an academic or simulated professional context. 1. Audiences range from engineering peers, related engineering personnel and lay persons. Appropriate academic or professional discourse is used. 2. Written reports range from short (300-1000 words plus tables and diagrams) to long (10 000 to 15 000 words plus tables, diagrams and appendices), covering material at exit level. 3. Methods of providing information include the conventional methods of the discipline, for example engineering drawings, as well as subject-specific methods. Graduate Attribute 7: Sustainability and Impact of Engineering Activity Page 26 of 39 Demonstrate knowledge and understanding of the impact of engineering activity on the society, economy, industrial and physical environment, and address issues by analysis and evaluation. Range Statement: The combination of social, workplace (industrial) and physical environmental factors must be appropriate to the sub-discipline of the qualification. Evidence may include case studies typical of the technological practice situations in which the graduate is likely to participate. Issues and impacts to be addressed: 1. Are generally within, but may be partially outside of standards and code of practice 2. Involve several groups of stakeholders with differing and conflicting needs. 3. Have consequences that are locally important but may extend more widely. 4. May be part of, or a system within a wider engineering system. Graduate Attribute 8: Individual, Team and Multidisciplinary Working Demonstrate knowledge and understanding of engineering management principles and apply these to one’s own work, as a member and leader in a team and to manage projects. Range Statement: 1. The ability to manage a project should be demonstrated in the form of the project indicated in attribute 3. 2. Tasks are discipline specific and within the technical competence of the graduate. 3. Projects could include: laboratories, business plans, design, etc.; 4. Management principles include: 4.1 Planning: set objectives, select strategies, implement strategies and review achievement; 4.2 Organising: set operational model, identify and assign tasks, identify inputs, delegate responsibility and authority; 4.3 Leading: give directions, set example, communicate, motivate; 4.4 Controlling: monitor performance, check against standards, identify variations and take remedial action. Graduate Attribute 9: Independent Learning Engage in independent and life-long learning through well-developed learning skills. Range Statement: The learning context is varying and unfamiliar. Some information is drawn from the technological literature. Graduate Attribute 10: Engineering Professionalism Comprehend and apply ethical principles and commit to professional ethics, responsibilities and norms of engineering technology practice. Range Statement: Evidence includes case studies typical of engineering practice situations in which the graduate is likely to participate. Graduate Attribute Outcome 11: Engineering management Demonstrate knowledge and understanding of engineering management principles and economic decision-making. Range Statement: Basic techniques from economics, business management; project management applied to one’s own work, as a member and leader in a team, to manage projects and in multidisciplinary environments Page 27 of 39 Graduate Attributes GA8 and GA11 are assessed in this subject. GA 8: Individual, team and multidisciplinary working Exceeds expectation Individual Idea Contribution: Ability to 1 contribute useful ideas to advance work of team Individual work Contribution: Ability to carry out individual responsibilities 2 Routinely contributed useful ideas to advance work of team Designated jobs were accomplished by deadline; completed work was carefully and meticulously prepared and met all requirements. Leadership skills: Ability Exemplify to lead a team. leadership skills Mentoring and accepts mentoring from others. 3 Demonstrates capacity for initiative while respecting other's roles. Working with others: Skilfully listens to, Ability to listen to, collaborate with collaborate with and and champions 4 champion the efforts of the efforts of others others 5 Promoting Positive Team Atmosphere: Ability to foster a positive and productive team atmosphere and keep team members working together. Is courteous and respectful with team members. Demonstrate positive attitude using verbal Always upholds and promotes a constructive team atmosphere by exhibiting courtesy, respect and a positive attitude , and by offering motivation and assistance. Works tirelessly to try to keep people Satisfactory Requires improvement Unsatisfactory Contributed useful ideas to advance work of team Sometimes contributed useful ideas to advance work of team Designated jobs were accomplished by deadline; completed work meets most requirements. Rarely contributed useful ideas to advance work of team Some Designated jobs meets some requirements. Demonstrates leadership skills Demonstrates some leadership skills some times Demonstrates no leadership skills Listens to, collaborate with, and champions the efforts of others Sometimes listens to, collaborate with, and champions the efforts of others Rarely listens to, collaborate with, and champions the efforts of others Promotes a constructive team atmosphere by exhibiting courtesy, respect and a positive attitude , and by offering motivation and assistance. Tries to keep people Sometimes Promotes a constructive team atmosphere by exhibiting courtesy, respect and a positive attitude , and by offering motivation and assistance. At time tries to Rarely supports a constructive team climate with regards to courtesy, respect, attitude, motivation and assistance. Does not try to keep people working together. Designated jobs were accomplished by deadline; completed work meets requirements. Page 28 of 39 6 7 and non-verbal cues and tone working well together. working together. keep people working together. Addresses Conflict: Ability to identify, respond to and resolve potentially damaging conflict among team members. Identify, respond to negative conflict in prompt and helpful manner. Identify, respond to negative conflict and is able to mediate it. Sometimes identify conflict and tries to manage it. Multidisciplinary Teams: Ability to appreciate, understand and work with multidisciplinary team members Has great appreciation for and understanding of disciplines outside of own. Works profitably with multidisciplinary team members. Has Has some Has no appreciation for appreciation for appreciation for and and or understanding understanding understanding of disciplines of disciplines of disciplines outside of own. outside of own outside of own. Works but works less Is unable to effectively with effectively with work effectively multidisciplinary multidisciplinary with team members. team members. multidisciplinary team members. Rarely identify conflict or addresses conflict. Page 29 of 39 GA11: Graduate Attribute Outcome 11: Engineering management Demonstrate knowledge and understanding of engineering management principles and economic decision-making. Range Statement: Basic techniques from economics, business management; project management applied to one’s own work, as a member and leader in a team, to manage projects and in multidisciplinary environments Exceeds expectation Satisfactory Requires improvement Unsatisfactory Accurately selects and identify all cost that were relevant for proper decisionmaking Error by over identification of all possible relevant cost. Major cost aspects missed that were relevant in decision making Ability to quantify relevant cost. Accurate quantification of relevant cost with authentication of the cost. Minor aspects missing in quantification of actual cost with authentication of the cost Poor reflection of relevant cost Minor cost aspects missed that were relevant in the decision making information Crucial aspects missing in quantification of actual cost and poor authentication of cost. Developing cash-flow stream for evaluation of capital decisions. Accurate after tax cash-flow stream developed Accurate cashflow stream developed with minor omissions Minor aspects in cash-flow missing Unrealistic quantification of cost. Over or under quantification and absence of authentication of cost. Major aspects of cash-flow omitted Evaluating Cash-flow stream. Accurate and correct Net Present Value (NPV)evaluation and Payback Minor Error in calculating NPV and accurate payback calculation Inaccurate calculation of NPV and payback period Major aspects in NPV calculation incorrectly applied Selection and identification of relevant cost for budgeting and 1 forecasts 2 3 4 Page 30 of 39 Interaction in Multidisciplinary Teams: Ability to appreciate, understand and work with 5 multidisciplinary team members. Risk Analysis: Ability to identify risks (physical, emotional, monetary, risks of repute, etc.) 6 related to a project, consider the likelihood of the risks, and the gravity of their effects Time and Change Management: Ability to estimate time on task, establish deadlines/milestones, follow timeline, 7 monitor and complete project. Ability to plan for contingencies and adapt to change Proposal / Project Outcomes Ability to understand the problem, the client’s needs, and propose a plan, and realistic evaluate the 8 project with adaption for subsequent projects. Demonstrated great appreciation for and understanding of disciplines outside of own discipline. Worked profitably with multidisciplinary team members. Identified all risks related to the project. Accurately estimated the likelihood of the risks, and the gravity of their effects. Demonstrated appreciation for and understanding of disciplines outside of own discipline. Worked effectively with multidisciplinary team members. Demonstrated no appreciation for or understanding of disciplines outside of own discipline. Worked effectively with multidisciplinary team members. Identified risks related to the project. Estimated the likelihood of the risks, and the gravity of their effects Demonstrated some appreciation for and understanding of disciplines outside of own discipline. Worked less effectively with multidisciplinary team members. Identified some basic risks, and was able to estimate some of the likelihood of the risks, and the gravity of their effects. Demonstrated a skilful ability to manage time and change. Demonstrated an ability to manage time and change Demonstrated some ability to manage time and change. Demonstrated minimal or no ability to manage time and change. Demonstrated ability to create a comprehensive proposal that skilfully addresses the problem and the client’s needs, and the skilful ability to evaluate outcomes for adaption of Demonstrated an ability to develop a proposal that addresses the problem and the client’s needs, and ability to evaluate project outcomes for adaption for subsequent projects. Demonstrated some ability to create a proposal, which may not fully address the problem and/or the client’s needs and or does not evaluate all project outcomes for adaption in Demonstrated minimal or no ability to create a proposal nor to evaluate project outcomes for adaption in subsequent projects. Identified few basic risks. May inaccurately estimate the likelihood of the risks, and/or the gravity of their effects Page 31 of 39 subsequent projects. subsequent projects. In order to pass this module, each student must achieve ALL of the exit-level outcomes (Gas) indicated in the table below. For individually examined modules (such as final project reports and design reviews), the external examiner must determine if a particular student has met each GA. A student who fails to meet any of the Gas will be assigned a failing mark regardless of performance in other areas. Achievement of graduate attribute Outcomes: Exam Supplementary Exam Other Test of Assessment Continuous evaluation (Specify assessment) If this assessment is on a per-student basis (such as a project report or design review), provide student details below: Department: Industrial Engineering Module Name: Engineering Business Management Program(s) Industrial Engineering Moderator(s)/Examiner(s): Code: EBM307B Year:2021 Affiliation: Assessment information (Should be filled in before the being sent to moderator/examiner) Student Name Student number Moderation/Examination Guidelines (Please read carefully) In order to pass this module, each student must achieve ALL of the exit-level outcomes (Gas) indicated in the table below. For individually examined modules (such as final project reports and design reviews), the external examiner must determine if a particular student has met each GA. A student who fails to meet any of the Gas will be assigned a failing mark regardless of performance in other areas. For modules in which all of the students are accessed at once (such as through exams, tests, and assignments), the assessor and external moderator must ensure and assert that any student who achieves a passing mark for the module has met ALL of the required Gas. The assessment and Page 32 of 39 memorandum should be signed in such a way that failure to meet any of the Gas will result in a failing mark for the module. Please complete the following: I , understand the moderation procedure regarding exit-level outcomes for this assessment and module. Signature: Date: ECSA Graduate attribute Outcome that should be achieved in this module GA 1 GA 2 GA 3 GA 4 GA 5 GA 6 GA 7 GA 8 X GA 9 GA 10 GA 11 X Achievement of graduate attribute Outcomes On the following page, please indicate whether each graduate attribute Outcome is achieved in this module, and please provide comments in the space provided. If any required graduate attribute Outcome is not achieved, please describe any remedial action that can be taken to address the outstanding outcome, as appropriate. Page 33 of 39 Graduate attribute Outcome 1: Problem solving Identify, formulate, analyse and solve complex engineering problems creatively and innovatively. Level Descriptor: Complex Engineering Problems: a) require in-depth fundamental and specialized engineering knowledge; and have one or more of the characteristics: b) are ill-posed, under- or over specified, or require identification and refinement; c) are high-level problems including component parts or sub-problems; d) are unfamiliar or involve infrequently encountered issues; and their solution have one or more of the characteristics: e) are not obvious, require originality or analysis based on fundamentals; f) are outside the scope of standards and codes; g) require information from variety of sources that is complex, abstract or incomplete; h) involve wide-ranging or conflicting issues: technical, engineering and interested or affected parties. Please provide comments on how this GA was or was not met. Achieved Not Achieved Please tick the appropriate box above and initial below: Initial Graduate attribute Outcome 2: Application of scientific and engineering knowledge Apply knowledge of mathematics, natural sciences, engineering fundamentals and an engineering speciality to solve complex engineering problems. Level descriptor: knowledge of mathematics, natural sciences and engineering science is characterized by: -A systematic, theory-based understanding of the natural sciences applicable to the discipline; -Conceptually-based mathematics, numerical analysis, statistics and formal aspects of computer and information science to support analysis and modelling applicable to the discipline; -A systematic, theory-based formulation of engineering fundamentals required in the engineering discipline; -Engineering specialist knowledge that provides theoretical frameworks and bodies of knowledge for the accepted practice areas in the engineering discipline; much is at the forefront of the discipline. Mathematics, natural sciences and engineering sciences are applied in formal analysis and modelling of engineering situations, and for reasoning about and conceptualizing engineering problems. Achieved Not Achieved Please tick the appropriate box above and initial below: Initial Please provide comments on how this GA was or was not met. Graduate attribute Outcome 3: Engineering Design Perform creative, procedural and non-procedural design and synthesis of components, systems, engineering works, products or processes. Range Statement: Design problems used in Graduate attribute assessment must conform to the definition of a complex engineering problem, defined under Graduate Attribute Outcome 1. A major design problem should be used to provide evidence. The design knowledge base and components, systems, engineering works, products or processes to be designed are dependent on the discipline or practice area Achieved Not Achieved Please tick the appropriate box above and initial below: Initial Please provide comments on how this GA was or was not met. Graduate Attribute Outcome 4: Investigation, experiments and data analysis Demonstrate competence to design and conduct investigations and experiments. Range statement: The balance of investigation and experiment should be appropriate to the discipline. Research methodology to be applied in research or investigation where the student engages with selected knowledge in the research literature of the discipline. Note: An investigation differs from a design in that the objective is to produce knowledge and understanding of a phenomenon and a recommended course of action rather than specifying how an artefact could be produced. Achieved Not Achieved Please tick the appropriate box above and initial below: Page xxxiv of 39 Initial Please provide comments on how this GA was or was not met. Graduate Attribute Outcome 5: Engineering methods, skills and tools, including Information Technology Demonstrate competence to use appropriate engineering methods, skills and tools, including those based on information technology. Range Statement: A range of methods, skills and tools appropriate to the disciplinary designation of the program including: 1. Discipline-specific tools, processes or procedures; 2. Computer packages for computation, modelling, simulation, and information handling; 3. Computers and networks and information infrastructures for accessing, processing, managing, and storing information to enhance personal productivity and teamwork; 4. Basic techniques from economics, business management; 5. Health, safety and environmental protection appropriate to the discipline; 6. Risk assessment and management; 7. Project management. Achieved Not Achieved Please tick the appropriate box above and initial below: Initial Please provide comments on how this GA was or was not met. Graduate Attribute Outcome 6: Professional and technical communication Demonstrate competence to communicate effectively, both orally and in writing with engineering audiences and the community at large. Range Statement: Material to be communicated is in academic or stimulated professional context. Audiences range from engineering peers, management and lay persons, using appropriate academic or professional discourse. Written report range from short (300-1 000 words plus tables and diagrams) to long (10 000 to 15 000 words plus tables, diagrams and appendices), covering material at Graduate attribute. Methods of providing information include the conventional methods of the discipline, for example engineering drawings, as well as subject-specific methods. Achieved Not Achieved Please tick the appropriate box above and initial below: Initial Please provide comments on how this GA was or was not met. Graduate Attribute Outcome 7: Impact of Engineering Activity Demonstrate critical awareness of the impact of engineering activity on the social, industrial and physical environment. Range Statement: the combination of social, workplace (industrial) and physical environmental factor must be appropriate to the discipline of the qualification. Comprehension of the role of engineering in society and identified issues in engineering practice in the discipline: ethics and the professional responsibility of an engineer to public safety; the impacts of engineering activity: economics, social, cultural, environmental and sustainability Achieved Not Achieved Please tick the appropriate box above and initial below: Initial Please provide comments on how this GA was or was not met. Page xxxv of 39 Graduate Attribute Outcome 8: Individual, Team and Multidisciplinary Working Demonstrate competence to work effectively as an individual, in teams and in multidisciplinary environments. Range Statement: Multidisciplinary tasks require co-operation across at least one disciplinary boundary. Co-operating disciplines may be engineering discipline with different fundamental bases other than that of the programme or may be outside engineering. Achieved Not Achieved Please tick the appropriate box above and initial below: Initial Please provide comments on how this GA was or was not met. Graduate Attribute Outcome 9: Independent Learning Ability Demonstrate competence to engage in independent learning through well-developed learning skills. Range Statement: Operate independently in complex, ill-defined contexts requiring personal responsibility and initiative, accurately self-evaluate and take responsibility for learning requirements; be aware of social and ethical implications of applying knowledge in particular contexts. Achieved Not Achieved Please tick the appropriate box above and initial below: Initial Please provide comments on how this GA was or was not met. Graduate Attribute Outcome 10: Engineering Professionalism Demonstrate critical awareness of the need to act professionally and ethically and to exercise judgement and take responsibility within own limits of competence. Range Statement: Evidence includes case studies typical of engineering practice situations in which the graduate is likely to participate. The contextual knowledge profile specified in the range statement of Graduate attribute outcome 7 is applicable here. Achieved Not Achieved Please tick the appropriate box above and initial below: Initial Please provide comments on how this GA was or was not met. Graduate Attribute Outcome 11: Engineering management Demonstrate knowledge and understanding of engineering management principles and economic decision-making. Range Statement: Basic techniques from economics, business management; project management applied to one’s own work, as a member and leader in a team, to manage projects and in multidisciplinary environments Achieved Page xxxvi of 39 Not Achieve d Please tick the appropriate box above and initial below: Initial Please provide comments on how this GA was or was not met. Name of Moderator/Examiner Signature of Moderator/Examiner Date Name of Lecturer/Module Coordinator Signature of Lecturer/Module Coordinator Date 6. ACTION WORDS Action words that you may be exposed to in this learning guide Apply Put to practical use or make use of a relevant equation or law. Calculate Determine the value, using formulae or specific calculation methods. Classify Group concepts or subjects together based on certain characteristics or commonalities. Point out the similarities and differences between objects or points of view. The word contrast can also be used. Transform a quantity expressed in one unit to a quantity expressed in another unit. Give a short and clear description of a term or concept. Compare Convert Define Demonstrate Derive Describe Differentiate Discuss Distinguish Draw Explain Show clearly/prove/make clear by reasoning or evidence/illustrate and explain, especially with many examples. Deduce or infer something from the given information. Tell in detail how a process works or how a subject appears. You need not comment on the process or the subject or give your own point of view. Find differences between objects or statements. Explain terms or concepts in your own words. Give comments or give your own point of view. Write down the differences between subjects or concepts. Create a drawing, diagram or representation of a subject or concept. Write about the subject in your own words. Clarify or give reasons – it may be useful to use examples or illustrations. You must prove that you understand the Page xxxvii of 39 content. Formulate Express in a concise, systematic way. Identify Establish the identity or recognise a process. Illustrate Explain by means of detailed descriptions and drawings. Interpret Explain or clarify the meaning of a concept/value. List/Name Briefly write down the facts or main points. Motivate Give reason(s) for your answer. Name Nominate or specify a site or process. Organise Arrange data according to certain criteria. Predict Use the facts available to derive an outcome. Relate Show the relation/connection of entities, how the concepts can be linked. Solve Find an answer by using critical thinking and/or calculations. Summarise Briefly state/list/write down only the most important detail/facts. Understand Show insight into or know the meaning/nature of a concept or term; to comprehend. Page xxxviii of 39 Page 39 of 39