Course Title: Planning and Control

Part A: Course Overview

Course Title: Planning and Control

Credit Points: 12.00


Course Code

Campus

Career

School

Learning Mode

Teaching Period(s)

MANU1378

City Campus

Postgraduate

115H Aerospace, Mechanical & Manufacturing Engineering

Distance / Correspondence or Face-to-Face

Sem 1 2006,
Sem 2 2006,
Sem 1 2007,
Sem 2 2007,
Sem 1 2008,
Sem 2 2008,
Sem 1 2009,
Sem 2 2009,
Sem 1 2010,
Sem 2 2010,
Sem 1 2011,
Sem 2 2011,
Sem 2 2015

MANU1378

City Campus

Postgraduate

115H Aerospace, Mechanical & Manufacturing Engineering

Distance / Correspondence or Face-to-Face or Internet

Sem 1 2016

Course Coordinator: Dr Milan Simic

Course Coordinator Phone: +61 3 9925 6223

Course Coordinator Email: milan.simic@rmit.edu.au


Pre-requisite Courses and Assumed Knowledge and Capabilities

None


Course Description

 

In this course you learn the principles and practices of financial management, planning and performance appraisal as a foundation to managing the performance of engineering and technological organisations.  These principles and practices are essential for effective management of large scale engineering developments irrespective of whether what industry these developments are in.  You acquire knowledge to manage financial performance in those organisations.  You will develop your knowledge and capability with a series of learning activities that allow you to apply accounting principles and practices, understand and interpret financial statements, develop strategies to mitigate taxation implications, and most important of all, enable you to plan and prepare budgets for managing the engineering developments.


Objectives/Learning Outcomes/Capability Development

 

This course contributes to the following program learning outcomes:

1. Needs, Context and Systems

Exposit legal, social, economic, ethical and environmental interests, values, requirements and expectations of key stakeholders

2. Problem Solving and Design

  • Anticipate the consequences of intended action or inaction and understand how the consequences are managed collectively by your organisation, project or team

3. Analysis

Apply underpinning natural, physical and engineering sciences, mathematics, statistics, computer and information sciences.

4. Professional Practice

  • Initiate, plan, lead or manage engineering activities
  • Communicate in a variety of different ways to collaborate with other people, including accurate listening, reading and comprehension, based on dialogue when appropriate, taking into account the knowledge, expectations, requirements, interests, terminology

5. Research

  • Demonstrate professional use and management of information.


 

Course Learning Outcomes (CLOs)

Upon successful completion of this course you should be able to:

  1. Develop the model for describing the management structure, stakeholders and financial control of an engineering project
  2. Develop the strategy and plan the actions required to adjust the financial system to achieve project goals
  3. Apply accounting principles and practice to analyse the financial statements of the given engineering company over a number of years.
  4. Within the constraints of the financial status of the company, develop the proposal for changes to some of the engineering projects managed by the company
  5. Justify your proposal with the outcomes of the financial analysis on the company’s financial data 


Overview of Learning Activities

 

Learning activities throughout the course include: Lectures, tutorials, presentations, group discussions, project work, and computer based analysis exercises.


Overview of Learning Resources

 

All lecture PowerPoint slides, model answers of exercises in the lectures and tests in previous semesters are available from the course Blackboard (available through myRMIT).  Multimedia files related to the topics will also be uploaded to the respective weekly folders.  Except guest lectures (due to copyright restrictions), all lectures in this course will be recorded on Blackboard Collaborate. 

There is a prescribed text for this course. A list of journal articles will be used as reading materials.  Copies of these articles can be obtained from RMIT Library journal subscriptions.


Overview of Assessment

 

X This course has no hurdle requirements.

☐ All hurdle requirements for this course are indicated clearly in the assessment regime that follows, against the relevant assessment task(s) and all have been approved by the College Deputy Pro Vice-Chancellor (Learning & Teaching).

 

Assessment item:  Assignment 1 (individual)
Weighting of final grade:  35%     
Related course learning outcomes:  1, 2
Description:  Analysis of the essential elements of the financial system in a large scale engineering project


Assessment item:  Assignment 2 (group)
Weighting of final grade:  35%     
Related course learning outcomes:  3, 4, 5
Description:  Analysis of the financial status of an engineering company


Assessment item:  Test
Weighting of final grade:  30%     
Related course learning outcomes:  3, 5
Description:  The test is an assessment of your analytical abilities in a time and data constrained situation to assess financial cases and develop plans and controls quantitatively.