Open-book examination

Project design and appraisal

<br />Decision making: Business case models. Technical readiness assessment, technology learning, product life cycle analysis. Costing and investment appraisal - Net Present Value (NPV), Internal Rate of Return (IRR). Cost Benefit Analysis. Sensitivity analysis and quantitative risk assessment. Project management life cycle. Project scope. Project planning to achieve cost, time, and quality objectives. Network techniques and the use of Gantt charts. Project execution. Qualitative risk management. Fundamentals of contract law, contract law in engineering practice, IMechE/IET Model forms of contract. Fundamental principles of intellectual property law for engineers.<br />

Industrial Management - 6304MECH

Industrial Management

Explain the fundamental principles or intellectual property and contract law.

Undertake a technical and economic assessment of a product/project.

Design a viable plan to organise and control the implementation of a project.