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

Critical principles and procedures of quality management in a competitive global environment; contemporary definitions of quality; construction quality; Product quality; Process quality; Quality economics; Quality philosophies; Planning, organising and controlling for quality; Human resource strategies; QA and QC tools.

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

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.

Introduction: Need for Energy Consumption monitoring, Designing & starting energy consumption control programme, energy accounting, targeting and Reporting. Energy Audit Process: Preparations, facility inspections, audit procedures and action plans, audit reports, recommendations, implementation and follow ups of energy conservation schemes. Understanding Energy Bills: Electric rate structures, Natural gas rate schedule, steam & chilled water rate, costs of water and waste water. Monthly energy bill analysis, Actions to reduce electricity Utility costs. Utility incentives and rebates, electric utility competition and deregulation. Economic Analysis and Life Cycle Costing: Costs, categories of costs for capital investments cash flow diagrams and tables, simple payback period cost analysis, discounted cash flow analysis, cost effectiveness measures using discounted cash flows, benefit/cost (or savings/ investment) ratio, life cycle costing (LCC), LCC decision making, taxes and depreciation, inflation energy financing options.

Introduction: Need for Energy Consumption and Conservation, Conservation schemes and implementation. Major areas of Energy Conservation. Lighting: Component of lighting System, Lamp types, Luminaries and types, maintenance of the lighting system and schedule, luminaries dirt depreciation factor, Re-lamping strategies, spot replacement and group Re¬lamping strategies and costs. Lighting survey, Measuring Light levels. Regulatory/Safety issues, lighting safety issues, Energy Policy Act 1992. Task lighting, Lamp substitution, Lighting Control Technologies, selection of Lights for new facility. EPA Green lights programme. Electrical motors and transfonners - factors involving selection and installation. Maintenance and overhaul scheduling. Performance tests. Depreciation factors. Energy System maintenance, transmission and distribution networks, HVAC systems, Boilers, steam distribution systems.

Energy Generation in the Modern Environment, Competitive Market.for Generators and its advantages, Role of the exiting power industry, Renewable Generation Technologies, Combined heat and power, Energy policy & Government Intervention, Costs. Deregulation of Electric Utilities: Traditional Central Utility model, reform motivations, separation of ownership and operations, competition and Direct Access in the electricity market Independent System Operation, Retail Electric Providers. Competitive Wholesale Electricity Market, Wholesale electricity market characteristics, Market Model, Challenges. Distribution in a Deregulated Market: The development of competition, key issues for distribution businesses Maintaining Distribution Planning, Distribution Automation, and Distributed Generation. Transmission Expansion In The New Environment: Role of Transmission Provider, Transmission Open Access, Trading Agreement, Transmission Pricing in open-access System, open-access Co-ordination Strategies; Case Studies.

Sources of Electricity for Distributed Generation (IXi). Reasons, extent, issues and technical aspects of DG. Economic impacts of DG on transmission, distribution and central generation systems. Benefits and costs to the facility and utilities. Current technologies for DG- Embcdded generation plants, combined heat and power plants, renewable energy generation- small scale hydro-generation, wind power plants, off-shore wind energy, solar photovoltaic generation, bio-mass energy, Fuel Cells. Power flow studies of a distributed generation scheme, balanced and unbalanced fault studies as applied to an embedded generation scheme. Analysis of existing facilities for possible DG application, Sensitivity analysis. Case studies.

Fundamentals of Reliability, Reliability through good design, through proper operations, through proper maintenance. Quantifying system reliability. Reliability through Probabilistic risk assessment. Reliability system modeling, reliability modeling, reliability block diagrams, Failure modes effects, Fault tree analysis.
Quality, Reliability & Maintainability: Definitions, management of quality control, economic aspects of quality decisions, capability & variability analysis, various aspects of life testing, reliability & maintainability. Introduction to ISO 9000 & ISO 14000.

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. National Energy statistics: Definitions of primary, secondary, delivered and useful energy. Problems of interpolation and comparison of energy statistics. Rural Energy Planning: Patterns of energy demand and supply. Socio-economic aspects of energy utilisation. Survey methods. Identifying potential solutions. Project planning, monitoring and execution. Financial Evaluation Projects: Project analysis and financial appraisal -discounted cash flow, Time preference discount rates. Inflation and interest rates. Project evaluation in terms of present values and internal.

Definition of terms used in Reactive Power Management. Quality in electrical power supply. Indices and cost of power quality, justification for capital cost, costing of reactive power. Reactive power requirement of utilities. Reactive power supply by utilities. Systems and tools for management of reactive power by utilities. User-side scenario of reactive power, management, compensation, planning, selection of equipments, consideration of harmonics. Reactive power management in different types of industrial plants.