The viability of a manufacturing process depends on a number of factors, not least the financial viability, but also the organisation's attitude and procedures in dealing with safety and environmental sustainability. Tools to access financial recovery and the legislation governing occupational safety, environmental monitoring and environmental management systems are generic, applicable across a number of disciplines. This course introduces each of the aforementioned topics using examples and/or case studies.
1.1 Financial appraisal of engineering projects – role of financial planning and estimation. Cash flows and cash returns. Cost evaluation methods including mathematical tools to assess viability – fixed capital cost and estimation, investment appraisal methods and minimum cost decisions. Operating decisions.
2.1 Introduction to sustainability, sustainable development – legal framework for environmental protection, EU directives, ethical aspects in approaching and dealing with environmental issues, impact assessment methodologies, e.g., carbon footprinting. Role of the EU in determining environmental policy and the response of manufacturing business.
3.1 Occupational health and safety – legislative background, risk assessment, introduction of best practice.
4.1 Corporate and social responsibility for professional engineers. Intellectual property rights.
By the end of the course, students should be able to do the following:
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SCQF Level: 9
Credits: 15