Professional Studies 3

Overview

Economics - elasticity of demand and supply, cost of production and pricing, economic growth and UK competitiveness. Finance - financial accounting, key ratios, analysis, financing, dividends, budgeting, stock pricing, finished goods and production budgets. Management - organisational behaviour and the role of management, management and motivation, management versus leadership. Business risk management (risk matrix). Risk: Security, Project and Change Management risk. Employment Law, Acas Code of Practice: Disciplinary and Grievance Procedures.

Learning Objectives

Identify and analyse ethical concerns and make reasoned ethical choices informed by professional codes of conduct

Use a risk management process to identify, evaluate and mitigate risks (the effects of uncertainty) associated with a particular project or activity

Adopt a holistic and proportionate approach to the mitigation of security risks

Apply knowledge of engineering management principles, commercial context, project and change management, and relevant legal matters including intellectual property rights

Adopt an inclusive approach to engineering practice and recognise the responsibilities, benefits and importance of supporting equality, diversity and inclusion

Skills

Plan and carry out a personal programme of work, adjusting where appropriate

Apply their skills in communication, information retrieval, working with others and the effective use of general IT facilities

Participate effectively in the operation of a team and collaborate effectively with members of the team

Assessment

None.