ENGINEERING MANAGEMENT MODULE 1 Flashcards
The application of knowledge gained from research,
experience, and practice of mathematical and natural science
Engineering
Set of activities focused at the resources of an
organization in order to effectively achieve organizational objectives.
Management
Specialized form of management
required to successfully lead engineering personnel and projects.
Engineering Management
Those in positions of authority who make decisions
Managers
A group of two or more individuals that exists and
works to achieve widely held goals.
Organization
Using resources wisely and without unnecessary waste
Efficient
Doing the right thing successfully
Effective
Basic Elements of Management
Objective, 5Ms, People
Setting goals for the achievement of which
management tasks are driven.
Objective
only possible by setting goals that are
aligned with the common objectives of the organization.
Effective Management
What are the 5Ms?
Money, Manpower, Materials, Machines, Methods
The financial resources of an organization. It is the most critical and all-purpose resource of every organization
Money
The human resource of an organization. Refers to all
personnel employed in an organization.
Manpower
Resources used by individuals to fulfill the
organization’s goals
Materials
Resources that help facilities to perform all activities
toward the achievement of the objectives
Machines
Normal and prescribed ways of doing things.
“The use of right methods helps to increase efficiency of operations and contributes to effective management.”
Methods
The managers and manpower
People
“Father of Modern Management”
He was a mechanical engineer who was
interested in the kind of works performed in
factories and mechanical shops. He sought
to reduce the time a worker spent on each
task through his systematic study of
relationships between people and task for
the purpose of redesigning the work process
for higher efficiency
Frederick Taylor