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.
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