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Topic: Collage 5 Essays
college foundation program1-005 Electrical and Electronic Principles Assign 3.2-006 HS assignment brief for overseas 2012.3-007 Business Management Techniques Assign 3.4-065 Utilisation of Electrical Energy Assign 3.5-001 Analytical Methods Assign 3.
——————————————Unit 7: Business Management Techniques for EngineersAssignment 3 –Planning and Control
Student Name: __________________________
Unit Tutor Assessor Signature Date AssessedR HydeGrading CriteriaPass Achieved Merit Achieved Distinction Achieved3.1 M1 N/A D1 N/A3.2 M2 N/A D2 N/A3.3 M3a N/A D34.1 M3b N/A4.2 M3c4.3Assignment Author IV signature(brief) IV signature(assessment)R Hyde Dr Muhammed Al-Asadi
ASSESSMENT FEEDBACKNote: the Notional Score is for formative feedback purposes only. 5 is allocated as sufficient for meeting the criteria, less than 5 is an indication of extra work required, more than 5 is an indication extra work included.PASS grade must be achieved:Outcomes Learner has demonstrated the ability to: Source of evidence Tutors comments Notional Score (10)
Understand the key functions of financial planning and controlLO3.1:Explain the financial planning process in an engineering businessTask 1
LO3.2:Examine the factors influencing the decision-making process during financial planningTask 2
LO3.3:Analyse standard costing techniquesTask 3
Be able to apply project planning and scheduling methods to an engineering projectLO4.1:Establish the project resources and requirements
LO4.2:Produce a plan with appropriate time-scales for completing the project
Task 5LO4.3:Plan the human resource requirement and costs associated with each stage of the project
Task 6MERIT grade descriptors that may be achieved for this assignment:Merit Grade Descriptors Indicative Characteristics Source of evidence Tutors comments Notional Score (10)M1
Identify and apply strategies to find appropriate solutions
Select/design and apply appropriate methods/techniques
Present and communicate appropriate findingsThroughout the report, the solutions are coherently presented using technical language appropriately and in a professional manner
Distinction grade descriptors that may be achieved for this assignment:Merit Grade Descriptors Indicative Characteristics Source of evidence Tutors comments Notional Score (10)D1
Use critical reflection to evaluate own work and justify valid conclusions
Take responsibility for managing and organising activities
Demonstrate convergent/ lateral/ creative thinkingCareful consideration of a greater number of factors affecting financial planning.Task 2
All submissions to be electronic in MS Word format with a minimum of 20 typed words. All answers must be clearly identified as to which task and question they refer to. All work must be submitted through Learnzone.Task 1 – Learning Outcome 3.1Explain the financial planning process in an engineering business
Q1: In order to achieve its objectives and profit targets, an engineering business must have in place an adequate financial plan. Explain the main steps in forming a financial plan for a typical engineering company.(350 words)
Task 2 – Learning Outcome 3.2Examine the factors influencing the decision-making process during financial planning
Q2: Several factors will influence the directors of an engineering company in formulating the financial plan. List and examine three of these factors and discuss what effect they might have on the decision making process during the financial planning.(300 words)
Task 3 – Learning Outcome 3.3Analyse standard costing techniques
Q3: Mega Widgets Ltd have designed a new Super Widget which may revolutionise inter-stellar sandwich making.
Production costs:Variable, material, labour etc: £10 per itemFixed, machinery, tolling heating etc £20,000 per year
Administration + selling overheads:Fixed: £35,000
The company have to decide whether to make the widgets and sell them. Calculate the selling price based on absorption and marginal costing techniques. The company wish to make a 40% profit on each unit.Analyse the most appropriate costing method if production is at a rate of 100 widgets per hour and sales are predicted to be 20,000 per year.(300 words + calculations)For the following three tasks, use the following information:You have been passed some notes from an initial project planning meeting after a design breakthrough. You have been tasked with preparing the feasibility study.
Super Widget Manufacturing Project
To manufacture the new super widget requires 3 manufacturing processes and a packing process. Quotations for the machinery have been obtained.1. Squidging machine, £10k, 2 operators, 50 units per hour, maintenance 6 month intervals @ 4hours, running cost £25/ hour2. Banging machine, £20k, 1 operator, 100 units per hour, maintenance yearly @ 8hours, running cost £30/ hour3. Thumping machine, £5k, automated, 200 per hour, maintenance monthly @ 1hour, running cost £10/ hour4. Packing process, current equipment can be used, 1 operator, 20 units per hour, maintenance by operators daily @ 30 minutes.
Installing the machines takes 1 half day each and requires 1 electrical and 1 mechanical fitter.Training takes 1 hour per operator and requires the machine being available.Commissioning each machine takes 2 days, requires both fitters and 1 operator.Production is to be spread evenly across the year, with batches produced in a single run, once per week.Labour costs are £10 per hour per operator, £15 per hour for fitters.
Task 4 – Learning Outcomes 4.1Establish the project resources and requirements
Q4:List the total resources and associated costs required to complete the whole project for a 2 year production run.
Task 5 – Learning Outcomes 4.2Produce a plan with appropriate time-scales for completing the project
Q5: Produce a project plan covering installation, commissioning, training and operating production for the two years.
Task 6 – Learning Outcomes 4.3Plan the human resource requirement and costs associated with each stage of the project
Q6:Plan the human resources required listing the requirements on a weekly basis and costs on a monthly basis.End of assessment brief
Unit 6: Health & Safety and Risk Assessment
Assignment – international students only
Student Name: __________________________Unit Tutor Assessor Signature Date AssessedJ A D Melville J A D MelvilleGrading CriteriaPass Achieved Merit Achieved Distinction Achieved1.1 M1 D11.2 M2 D21.3 M3 D188.8.131.52.184.108.40.206.220.127.116.11.5Assignment Author IV signature(brief) IV signature(assessment)J A D Melville
ASSESSMENT FEEDBACKNote: the Notional Score is for formative feedback purposes only. 5 is allocated as sufficient for meeting the criteria, less than 5 is an indication of extra work required, more than 5 is an indication extra work included.
PASS grade must be achieved:Outcomes Learner has demonstrated the ability to: Source of evidence Tutors comments Notional Score (10)