FACULTY OF ENGINEERING

Department of Mechanical Engineering

ME 311 | Course Introduction and Application Information

Course Name
Cost Analysis and Engineering Management
Code
Semester
Theory
(hour/week)
Application/Lab
(hour/week)
Local Credits
ECTS
ME 311
Fall/Spring
3
0
3
4

Prerequisites
None
Course Language
English
Course Type
Elective
Course Level
First Cycle
Mode of Delivery -
Teaching Methods and Techniques of the Course Problem Solving
Lecture / Presentation
Course Coordinator
Course Lecturer(s)
Assistant(s) -
Course Objectives This course aims to teach the basic cost elements and cost analysis, to make students to be aware of interest and money-time relationship, to teach how to compare alternatives, to introduce the basic concepts of project management and to give managerial perspective to students to conduct large scale projects
Learning Outcomes The students who succeeded in this course;
  • make cost analysis in manufacturing systems
  • make an investment decision using the time value of mone
  • plan a project
  • compare alternative projects
  • monitor a project
Course Description This course covers introduction to cost concepts and BEP analysis, interest and money-time relationship, basic concepts and elements of project management, the role of project manager, the role of projects in the organization, project budgeting and activity scheduling, comparison of projects, project monitoring and ending of projects topics.

 



Course Category

Core Courses
Major Area Courses
Supportive Courses
X
Media and Management Skills Courses
Transferable Skill Courses

 

WEEKLY SUBJECTS AND RELATED PREPARATION STUDIES

Week Subjects Related Preparation
1 Introduction Notes
2 Cost concepts and BEP analysis Notes
3 Interest and money-time relationship Chapter 2, Basics of Engineering Economy, Leland Blank, Anthony Tarquin, Ronald A. Kohser, Wayne Anderson,
4 Measuring the worth of Investments Chapters 3 and 4, Basics of Engineering Economy, Leland Blank, Anthony Tarquin,
5 Comparison of alternatives Chapters 5 and, Basics of Engineering Economy, Leland Blank, Anthony Tarquin,
6 Comparison of alternatives Chapters 7 and 8, Basics of Engineering Economy, Leland Blank, Anthony Tarquin,
7 The role of project manager and working with others Chapter3 and 4, Project Management, Meredith, Mantel, Shafer, Wiley,
8 Project in the organizational structure Chapter 5, Project Management, Meredith, Mantel, Shafer, Wiley,
9 Activity and risk planning Chapter 6, Project Management, Meredith, Mantel, Shafer, Wiley,
10 Cost and budgeting Chapter 7, Project Management, Meredith, Mantel, Shafer, Wiley,
11 Project activity scheduling Chapter 8, Project Management, Meredith, Mantel, Shafer, Wiley,
12 Resource allocation Chapter 9, Project Management, Meredith, Mantel, Shafer, Wiley,
13 Information requirement and controlling project execution Chapter 10, Project Management, Meredith, Mantel, Shafer, Wiley,
14 Evaluating and completing projects Chapters 11,12 and 13, Project Management, Meredith, Mantel, Shafer, Wiley,
15 Review of the semester
16 Final Exam

 

Course Notes/Textbooks

1.   Basics of Engineering Economy, Leland Blank, Anthony Tarquin, McGraw Hill (ISBN-10: 0073376353)

2.   Project Management, Meredith, Mantel, Shafer, Wiley (ISBN-10: 1118945832)

Suggested Readings/Materials

 

EVALUATION SYSTEM

Semester Activities Number Weigthing
Participation
Laboratory / Application
Field Work
Quizzes / Studio Critiques
Portfolio
Homework / Assignments
Presentation / Jury
Project
1
30
Seminar / Workshop
Oral Exams
Midterm
1
30
Final Exam
1
40
Total

Weighting of Semester Activities on the Final Grade
2
60
Weighting of End-of-Semester Activities on the Final Grade
1
40
Total

ECTS / WORKLOAD TABLE

Semester Activities Number Duration (Hours) Workload
Theoretical Course Hours
(Including exam week: 16 x total hours)
16
3
48
Laboratory / Application Hours
(Including exam week: '.16.' x total hours)
16
0
Study Hours Out of Class
14
3
42
Field Work
0
Quizzes / Studio Critiques
0
Portfolio
0
Homework / Assignments
0
Presentation / Jury
0
Project
1
15
15
Seminar / Workshop
0
Oral Exam
0
Midterms
1
15
15
Final Exam
1
30
30
    Total
150

 

COURSE LEARNING OUTCOMES AND PROGRAM QUALIFICATIONS RELATIONSHIP

#
Program Competencies/Outcomes
* Contribution Level
1
2
3
4
5
1

To have adequate knowledge in Mathematics, Mathematics based physics, statistics and linear algebra and Mechanical Engineering; to be able to use theoretical and applied information in these areas on complex engineering problems.

2

To be able to identify, define, formulate, and solve complex Mechanical Engineering problems; to be able to select and apply proper analysis and modeling methods for this purpose.

3

To be able to design a thermal and mechanical system, process, device or product under realistic constraints and conditions, in such a way as to meet the requirements; to be able to apply modern design methods for this purpose.

4

To be able to devise, select, and use modern techniques and tools needed for analysis and solution of complex problems in engineering applications.

X
5

To be able to design and conduct experiments, gather data, analyze and interpret results for investigating complex engineering problems or Mechanical Engineering research topics.

6

To be able to work efficiently in Mechanical Engineering disciplinary and multi-disciplinary teams; to be able to work individually.

7

To be able to communicate effectively in Turkish, both orally and in writing; to be able to author and comprehend written reports, to be able to prepare design and implementation reports, to present effectively, to be able to give and receive clear and comprehensible instructions.

8

To have knowledge about global and social impact of engineering practices on health, environment, and safety; to have knowledge about contemporary issues as they pertain to engineering; to be aware of the legal ramifications of engineering solutions.

X
9

To be aware of ethical behavior, professional and ethical responsibility; to have knowledge about standards utilized in engineering applications.

10

To have knowledge about industrial practices such as project management, risk management, and change management; to have awareness of entrepreneurship and innovation; to have knowledge about sustainable development.

X
11

To be able to collect data in the area of Mechanical Engineering, and to be able to communicate with colleagues in a foreign language.

12

To be able to speak a second foreign language at a medium level of fluency efficiently.

13

To recognize the need for lifelong learning; to be able to access information, to be able to stay current with developments in science and technology; to be able to relate the knowledge accumulated throughout the human history to Mechanical Engineering.

*1 Lowest, 2 Low, 3 Average, 4 High, 5 Highest

 


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