Business Management Techniques Session 1 1 Tracey Courtney

Engineering Business What is the main purpose of a Business ? What can business do to achieve this ? Tracey Courtney 2

Engineering Business Techniques have been developed to achieve this They broadly fall into 4 categories :- Managing the work activities Costing systems and techniques Financial planning and control Project planning and scheduling Tracey Courtney 3

Engineering Business Activities that take place within an engineering business can be broken down into a number of specific functions. Tracey Courtney 4

Engineering Business Engineering Design Manufacturing Engineering Services Tracey Courtney 5

Engineering Business General Costs Benefits Risk Tracey Courtney 6

Engineering Business A Project situation Estimates Budget Schedule Works Break Down Structure Statements of Work Resources Contract Tracey Courtney 7

Exercise Thinks of six different projects ? Identify is they were a success or an unsuccessful project ? What lesson could we learn from them ? Tracey Courtney 8