1.1 define engineering business functions

1.1 define engineering business functions

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Learning outcomes

On successful completion of this unit a learner will:

Assessment criteria for pass

The learner can:

LO1 Know how to manage work activities to achieve organisational objectives

1.1 define engineering business functions

1.2 outline the inter-relationships between the different

processes and functions of an engineering organisation

1.3 organise work activities to meet specifications and Standards

LO2 Be able to select and apply costing systems and techniques

2.1 create appropriate costing systems and techniques for specific engineering business functions

2.2 measure the impact of changing activity levels on engineering business performance

LO3 Understand the key functions of financial planning and control

3.1 explain the financial planning process in an engineering business

3.2 examine the factors influencing the decision-making process during financial planning

3.3 analyse standard costing techniques

LO4 Be able to apply project planning and scheduling methods to an engineering project

4.1 establish the project resources and requirements

4.2 produce a plan with appropriate time-scales for completing the project

4.3 plan the human resource requirement and costs associated with each stage of the project.