MASTER OF ENGINEERING MANAGEMENT (ENERGY MANAGEMENT)
Compulsory Courses
Definitions of management; Evolution of management thought, classical, quantitative and behavioral schools; interactions between organisations and their environments. The planning process; strategic and tactical planning, developing planning premises, nature of managerial decision making, quantitative aids, management by objectives. Organisational structures; behavior of the individual, work group, and organisation; coordination and spans of control, the informal organisation; authority delegation and decentralisation, groups and committees, managing organisational change and conflict. Motivation, performance and satisfaction; building a high-performance team; leadership, interpersonal and organisational communication, staffing and personal function. The control process; budgetary and non-budgetary methods of control; team performance measurement and improvement strategies. Use of management information systems.
Foundations of finance with applications in corporate finance and investment management. Major financial decisions made by corporate managers and investors with focus on process valuation. Criteria for investment decisions, valuation of financial assets and liabilities, relationships between risks and return, market efficiency, and the valuation of derivative securities. Major corporate financial instruments including debt, equity and convertible securities. Analysis and projection of financial statements, cost elements in pricing, cost control and design of accounting systems.
Critical issues in shaping the competitive strategy for engineering-driven companies in a turbulent business environment; corporate mission; key result areas and situational analysis including strengths, weaknesses, opportunities and threats; identifying planning assumptions, critical issues, setting objectives, fonnulating strategy. Managing technology as a strategic resource of the firm; understanding of the process, roles and rewards of technological innovation; integrating the strategic relationship of technology with strategic planning, marketing, finance, engineering and manufacturing; government, societal and international issues; issues pertaining to cultural diversity and ethical concerns. Subjective, judgmental and expert decisions; conflict resolution in strategic decisions involving technological alternatives; hierarchical decision modeling; individual and aggregate decisions; decision discrepancies and evaluation of group disagreements.
Role of projects in organisation’s competitive strategy; Standard methodologies for managing projects; Project life cycle; Design-implementation interface; Estimating: preliminary and detailed; Contractual risk allocation; Scheduling: PBS; WBS; Integration of scope, time, resource and cost dimensions of a project; Evaluation of labor, material, equipment, and subcontract resources; Scheduling techniques including CPM/ PERT, GERT, critical chain; Solving real-world project schedules; Monte Carlo simulation; Cost budgeting; Cost baseline; Cash flow analysis; Earned value analysis; Cost control; Proposal presentation; Application of software for project management (MS Project, Primavera Project Planner-P3).
Deterministic modeling: Linear programming; The Simplex method; Multiple objective linear optimisation; Duality and sensitivity analysis; Post optimality analysis from the viewpoint of technology management; Transportation, transshipment, and assignment problems; Problem formulation; Goal programming; Network analysis; Dynamic programming; Integer programming and nonlinear programming. Probabilistic modeling: Markov chains; Queuing theory and applications; Inventory theory; Forecasting; Design analysis and simulation; Pareto optimality and tradeoff curves.
Common Elective Courses
Essentials of electrical energy generation and power systems; Load studies and effects of load variation; types of factors - demand, load, diversity and capacity; Load curves; base load and peak load stations; Interconnected Grid system and its advantages. Cost of electricity generation; types of costs - fixed, semi fixed and running; Methods of determining depreciation - straight line, diminishing value and sinking fund. Definition, objectives and desirables characteristics of Tariff; Types of tariff - Flat rate, Block rate, two part, maximum demand, power factor and three part tariff. Power factor and its economical aspects; Economics of Power Transmission.
Evaluation of engineering projects from the engineering management perspective; Techniques for capital investment for decision-making; Time value of money and the concept of equivalence; Present worth, annual and rate of return analysis; Multiple alternatives; Replacement criteria; Tax considerations; Breakeven sensitivity analysis; Project evaluations under uncertainty; Risk sharing; Capital budgeting; Cost of capital depreciation; Multicriteria decisions. Project feasibility analysis; Organisational impacts; societal impacts; Environmental impacts.
Research methods in engineering and technology management; Statistical techniques including proper selection; Use and interpretation of parametric and non-parametric tests along with factor and discriminate analysis; Design of experiments and model misspecification; Simulation in engineering and management research and practice.
Elective Courese
Overview of power systems, Types of costs in power generation, Methods of determining depreciation: straight line, diminishing value, and sinking fund.
Tariff Structure and Types:
Types of tariffs: flat rate, block rate, two-part tariff, maximum demand tariff, power factor tariff, and three-part tariff, Power factor and its economic aspects in tariff design, Understanding the economics of power transmission.
The Regulation in Electric Power Industry: The necessity of regulation in the electric power sector, Types and principles of regulation required.
Electricity Generation: Optimization and Wholesale Markets, Designing, implementing efficient, reliable, and environmentally sound electricity production systems.
Economics of Power Generation: Cost of electricity generation, Levelized cost of energy (LCOE), Renewable portfolio standards (RPS), Project finance basics, risk management and mitigation strategies, long-term guarantee of supply in generation.
CO2 Markets and Prices:
Analyzing the role of carbon markets and prices and their implications for electricity markets, case studies.
Overview of Reliability engineering principles, reliability metrics and measures.
Reliability through Good Design: Design principles for achieving high reliability, redundancy and fault tolerance, reliability considerations in equipment selection and specification.
Reliability through Proper Operations and Maintenance: Procedures for safe and reliable operation, Operator training and competency requirements, Types of maintenance strategies and their effectiveness, case studies.
Quantifying System Reliability: Methods for quantifying system reliability, Probabilistic Risk Assessment (PRA), statistical Methods for Reliability Assessment, Probability distributions for modeling component and system failures, Estimation of reliability parameters
Reliability System Modeling and Design: Techniques for modeling and simulating system reliability, reliability block diagrams and their applications, Failure modes effects and criticality analysis (FMECA), Fault Tree Analysis (FTA), Quantitative assessment of system reliability, FMEA and FTA in Design for Reliability (DfR) and Concurrent Engineering.
Quality, Reliability & Maintainability: Management of quality control and quality assurance processes, Capability and variability analysis in assessing system reliability, Overview of ISO 9000 standards for quality management system, ISO 14000 standards for environmental management systems, Life Testing, Reliability & Maintainability: Techniques, equipment and standards for conducting life testing and reliability experiments. Case Studies and Real-World Applications.
Importance of energy planning for sustainable development, Historical background, Challenges and opportunities in energy planning, National Energy statistics.
Energy Economics and Planning: Energy Economics -the nature and causes of the energy problems, Demand-side and supply-side issues. Commercial and traditional energy determinants, externalities.
Policy issues: pricing and distribution policies, energy balances- formulation and execution.
Energy Efficiency and Demand-Side Management: Definition and importance of energy efficiency, Energy-efficient buildings and appliances, Industrial energy efficiency
Transportation energy efficiency, Demand-side management: load shifting, peak shaving, demand response.
Energy Planning and Decision Making: Project planning, monitoring and execution, financial Evaluation of Projects, time preference discount rates. Inflation and interest rates. Project evaluation in terms of present values and internal, case studies.
Economic and Environmental Aspects of Energy Planning: Cost-benefit analysis of different energy options, Externalities of energy production and consumption, Carbon footprint and greenhouse gas emissions, Life cycle assessment of energy systems, Sustainable development and energy planning, case studies.
Energy Policy and Regulatory Framework: Energy policy objectives and instruments, National and international energy policy frameworks, Renewable energy targets and incentives, Energy market structure and regulation, Environmental regulations and standards.
Asset management and Condition Monitoring: Introduction, power system infrastructure, need for asset management in power system, principles and elements of asset management.
Asset Management Techniques:
Overview of modern asset management techniques, Condition-based maintenance, Predictive maintenance, Proactive maintenance, risk-based asset management, reliability Center Maintenance (RCM)
Condition Monitoring Techniques:
Fundamentals of condition monitoring techniques, Techniques for monitoring the condition of transformers, cables, switchgear, and other assets, Interpretation of condition monitoring data, necessary diagnostic tests.
Asset management of power system components: Asset management of transformers, overhead lines, cables, switchgears, and other transmission and distribution network equipment, techniques, standards and case studies.
Maintenance Strategies for Power System Assets: Maintenance strategies for transformers, cables, switchgear, and other assets, Maintenance planning and scheduling, Performance-based maintenance contracts, Case Studies in Asset Management and Condition Monitoring.
Procurement: Procurement and purchase, works, goods, services, intellectual services, Bid, Request for Proposals (RFP), Expression of Interest (EoI), tender, Modes of Procurement
Procurement Plan: Regulatory Requirements for Procurement Planning, Strategic Procurement Plan (SPP), Phase-1-4, Procurement Life Cycle
Procurement Advertisements: Types of advertisement, Methods of advertisement for different cost of procurement, role of procuring agency, case study.
Contracts types, methodologies and Classes: Contract types including Fixed Price, Time & Materials, Cost Reimburse Method, Contracting Methodologies including Single Stage One/Two Envelop bidding, , Two Stage/two envelop Bidding.
Formal and informal, express and implied, valid, Executed & Executory, Unilateral & Bilateral, Quasi contracts, freedom of contracts, terms and conditions, Parol Evidence Rule.
Bidding process: Eligible Bidders, Bid Security, Validity, Extension of Bid Validity, Security Deposit, Performance Security, Bidding Document, Retention money, redressal of Grievances and Settlements of Disputes, Bid Opening, Evaluation and Award of Contract.
Regulatory authority, Logistic and Clearance: Public Procurement regulatory authority, PPRA rules and terminologies, Sindh Public Procurement regulatory authority, Insurances, Logistic and custom clearing process.
Energy Law and regulatory framework: Energy law, frameworks, Key legal principles and concepts, regulatory framework, authority’s role in the energy sector.
Electricity Law and Regulation: Legal aspects of generation, transmission, and distribution, Power purchase agreements (PPAs), connection agreements, Electricity market structures and regulatory mechanisms.
Renewable Energy Law: Legal frameworks and incentives for promoting renewable energy development, Feed-in tariffs, net metering, and other renewable energy support mechanisms,
Energy Contracts and Agreements: Overview of energy contracts: types, elements, and negotiation process, Power and natural gas purchase and sale agreements
Infrastructure Development in the Energy Sector: Legal considerations for energy infrastructure projects
Dispute Resolution in the Energy Sector:
Legal mechanisms for resolving energy disputes:
Social Responsibility Issues: Legal and ethical considerations for corporate social responsibility in the energy sector, Environmental and community impact assessments, Indigenous rights and stakeholder engagement. This course covers energy law and regulatory frameworks of power system. It also explores renewable energy laws, contracts, and agreements, focusing on power purchase agreements (PPAs), feed-in tariffs, and net metering. The course also addresses infrastructure development, legal dispute resolution, and corporate social responsibility in the energy sector.