MN4001 Management II
MN4001
Subject
Subject
Code
Title
4.0
Credits
Total
Hours
GPA/NGPA GPA
Aims:To introduce to students a broad
Management II
Lectures
Assignment
65 hrs
PreRequisites
MN3001
Management 1
range of management issues and experiences faced by managers in
modern organizations, and the role of engineers in management of engineering organizations, technical control
and/or supervision
of
these
organizations
including
aspects
related
to cost accounting, basics of micro
and macro economic, marketing and operational management.
Learning Outcomes
General:


Demonstrate an overview on engineering management theories and principles that students have learnt
Explain the key concepts in engineering management functions, dimensions and roles of engineering
managers

Analyse the factors affecting the operations and effectiveness of the engineering/manufacturing
organizations, as well to identify the problematic areas;

Formulate solutions to engineering management problems using the range of techniques and concepts
introduced in the subject of Management for Engineers
Specific:
On successful completion of this module students will be able to...

Understand and prepare budgets, cost a product and process

Explain principles of Marketing and utilize the tools of Marketing toboth analyze and create a Marketing
Plan.

Understand how modern manufacturing operations are organized

Have a knowledge of what quality is and its importance to all organizations;

Apply suitable tools for the improvement of quality;

Understanding the basic concepts of Economics, incorporating economic thinking into engineering.

Understand Role of engineering in Economic growth and economic issues of industry in context of Sri
Lanka
Syllabus:
1
Cost and Management Accounting: Budgeting and budgetary control,Introduction to cost accounting,
cost elements, overheads absorption, costing methods(job and batch costing, process costing), cost
behaviour (variable and fixed), use of marginal costing and absorption costing in decision making,
variance analysis, breakeven analysis, profit-volume graphs, contribution, contribution to sales ratio.
[10 hours]
2
Principles of economics: Elements of economic theory, the fundamental problems of economics(what,
how to whom), elementary theory of demand and supply, theory of market price and market behaviour,
elasticity of demand and supply, theory of market price and market behaviour, elasticity of
demand(price and income), theory of firm, forms of business organization, measurements of costs
(marginal vs. average), concept of opportunity cost, low of returns, theory of factor pricing, labour
market situations. [12 hrs]
3
Macro Economics: Basic features of an economy, circular flow of economic activity, National income,
Gross Domestic product (GDP), Gross National Product (GNP), Net National product, measurement of
National product, National income and national Expenditure, consumption, investments, government
spending, Exports and imports, the relationship of these quantities, balance of payment, trade balance,
budget deficit, current account, capital account, exchange rate, inflation, interest rate, economic growth
rate, development policy for industrialization, definition of developing country, causes for under
development, factors limiting economic growth, Globalization.[12 hrs]
4
Marketing: Difference between selling and marketing, Basic concepts of Marketing,consumer behaviour,
analysis and appraisal or markets and marketing, Marketing Mix (4 Ps, 4 Cs, and 4 Vs), product
positioning and market segmentation, product life cycle,
marketing information, Promotion and
advertising, packaging and labelling, Social Responsibility, Ethics, and the Marketing Environment.
Structure of marketing management department, Introduction to Marketing research, product concept,
developing and marketing products, services and non profit organisations marketing, marketing
channels and supply chain management, retailing.
5
[12 hrs]
Operational Management: Introduction to operations management, background and development of
production management systems, product design and process selection, strategic capacity planning,
aggregate planning, operations scheduling, materials planning and control, plant location, facility layout
types of production, Job design. Materials planning and control, quality management, Total Quality
Management (TQM), Quality, quality control circles and ISO, International Standards on
Quality,
Quality awards, Japanese 5S method, Production control, Dependent demand inventory models
Introduction to MRP, MRPII, Enterprise Resources Planning (ERP), advanced schedulers, Optimised
Production
Technology, Supply
Chain
Management, Modelling
and Simulation
in
operations
management. Software for Operations Management, issues of computerisation. Recent trends in
operations management.
[16 hrs]
Assessment:
Tutor mark assignments – 10 Assignments: Best 8 assignments are considered with 100 marks
Final Examination – 3 hrs: 100 marks
Answer five of seven questions; If necessary, answer to the first question can be made
compulsory
Final Mark = 0.3 x Tutor Mark Assignment + 0.7 x Final Examination Mark
References:
1. Costing an Instructional Manual by Lucy
2. Marketing Management by Philip Kotler
3. Economics: A Self-Teaching Guide (Wiley Self-Teaching Guides) by Steve Slavin
4. Management for Engineers, Technologists and Scientists by Wilhelm Nel