Master Of Engineering Management

This subject provides students with an overview of the key concepts necessary to apply principles of engineering economics to engineering projects. Students learn about the concepts of cash flow tables and diagrams, the time value of money, single payment and multiple payments, and methods of economic analysis, including payback period, present worth, future worth, annual worth, rate of return, and benefit-cost ratio. Students are also introduced to depreciation, income tax, replacement analysis, break-even analysis, risk analysis, as well as other considerations. Students engage in class problem-solving and discussions and apply their knowledge to worked examples. Assessment tasks provide students with the opportunity to gain contextualised knowledge. Individual students set up a program-based professional portfolio, which is to track and facilitate professional learning and development across all subjects of the MEM program. This is done by self-assessing their competencies at the start of each subject/semester and setting personal learning goals to work on the development of their skills and competencies, and to be prepared for the real world of work after graduation.