Engineering management is a management specialization that is concerned with the application of administrative principles in engineering, and this specialization is considered one of the modern disciplines in universities that study engineering sciences, so the engineering director needs training in engineering sciences and administrative sciences. During the academic study of this major, the student studies the following subjects: human resource management, quality management, strategic decision-making, scientific research methodology, engineering project management, engineering economics and finance, crisis management, risk management, research and development management, supply chain management, and procurement management. Production management, and other elective courses according to market requirements.
Master of Engineering Management
The first stage - Compulsory courses 72 Credits
The course includes scientific research methods related to defining scientific research and clarifying its importance, types, steps and methods. It also deals with the sources and methods of data collection and methods of data analysis as well as methods of inspection and estimation and all statistical methods that can be used in the processes of analysis and scientific research in the fields of economics and management.
This course will expose students to the online business lab environment. During the course, students will be given the opportunity to integrate their understanding of various business disciplines by developing a business plan and implementing the plan over several sessions of simulated competition using computerized business simulation. This course will introduce students to the most important topics related to engineering management.
Engineers play a major role in the progress of society. Undergraduate education for engineers is comprehensive, rigorous and understandable for Micronesia. At the graduate level, we try to relate the subtle skills to the broader macro perspective or, in other words, the proverbial big picture. The management role requires engineers to be able to visualize, from a broader perspective, the operation of the organization and the market one serves. You must learn to think, act, speak and process from the “management mind”.
Most engineers think marketing is more an art than a science and makes things too difficult. The phrase “a good product will sell” are very common words from an engineer. As we all know that is not the case. Our overall goal is to help you develop an in-depth understanding of marketing so you can better partner with future marketers. This class should enable you not only to understand marketing but also to allow you to challenge marketing strategies and ensure success in the market. We cannot turn you into an experienced marketer in one category, but we intend to expose you to a number of marketing concepts and challenges and allow you to discover solutions, as the most successful companies build multidisciplinary teams that include engineers and marketers.
This course presents an introduction to corporate finance, with an emphasis on project evaluation. We will review important insights from modern finance theory and develop the financial tools needed to evaluate investment projects. Topics covered include the time value of money, cash flow estimation, risk accounting, performing sensitivity analysis, developing appropriate selection criteria, and evaluating projects as real options. The aim of the course is to apply basic ideas from corporate finance theory to real business decisions.
This course covers the process of financial reporting, uses of accounting data, and the links between accounting information and management planning, decision-making and control. Other topics include traditional cost accounting concepts such as product costing, cost terminology, budgeting, volume-cost and profit analysis, and standard costing, as well as non-traditional management accounting topics such as variable costing and activity-based costing.
Optional courses 24 Credits
This course is designed to provide an overview of the main concepts, models, project management tools, techniques, and challenges associated with project planning and management. This course provides students with required knowledge in various related topics such as project selection, scope management, project team building, risk management, cost estimating and budgeting, project scheduling, project evaluation and control, and resource management. All topics covered are PMBOK-compliant, and the student will test their practical skills through MS Project.
Supply chain management has become increasingly important in recent years and crucial to achieving a competitive advantage. At the same time, much of the economy has moved from manufacturing to services. This course will cover the latest methods for analyzing key issues in supply chain management and service operations. Problem areas to be examined include: site analysis, inventory management, vehicle routing, staff scheduling and management, multi-objective analysis, and scenario planning. Emphasis will be placed on real-world examples and applications as well as the development of modeling skills. EXCEL will be widely used as a modeling environment.
1. Introduce students to the development of mathematical modeling and solutions tools for logistics and service operations management.
2. To teach students to use these tools to analyze strategic, tactical, and operational decisions including facility location, vehicle orientation, and inventory management.
3. To engage students in case studies based on real-world logistics and service operations decisions.
Negotiation is the art and science of securing agreements between two or more interdependent parties. It is a craft that must establish cooperation and competition under creative tension. Therefore, the purpose of this course is to understand negotiation theory and processes as they are practiced in a variety of settings. The course is designed to complement the technical and diagnostic skills learned in other courses. The basic premise of this course is that while a manager needs analytical skills to develop optimal solutions to problems, a wide range of negotiation skills is needed in order to accept and implement these solutions. A good analysis is of little value if you are unable to gain support for the procedure you are recommending.
The best way to actually learn and internalize negotiation skills is to negotiate in a place where insight is provided, abundant feedback is encouraged, personal reflection is encouraged, and careful analysis is required.
The course is designed to enhance learning through experiential exercises. The exercises are designed to provide you with an opportunity to practice new strategies and tactics in a low-risk environment. In addition, you will learn more about how you react in specific negotiating situations, and you will develop more effective response techniques. During the course you will receive feedback allowing you to adjust your skills. Furthermore the course is sequenced so that cumulative knowledge can be applied and practiced.
This course is a practical course on computer simulation of business, service, and manufacturing systems that are subject to uncertainty or risk. Spreadsheet simulation using risk and system simulation using Arena will be covered. Upon completion of the course, students will be able to develop complex simulation models, design a simulation experiment to run on the model, and analyze and interpret results. Simulation project management is also covered.
Companies grow to stay competitive for the long term. Innovation is the lifeblood of growth in companies and startups. But innovation is arguably the hardest thing any organization can try. And the challenge of innovative growth has become more complex. Product companies add software services. Service companies add products. Market value moves from products or services to ecosystems. Because ecosystems determine value in the marketplace, the profit accumulator can reallocate creating new winners and losers. How does the emergence of ecosystems change how we organize innovation? What innovation toolkit do participants in the modern ecosystem need to master? How can the organization develop a portfolio of innovation investments and effectively implement programs to achieve profitable growth? This course aims to provide a working understanding of the sets of tools and structures that support profitable growth through innovation portfolio management.
In a rapidly changing business environment, with global competition and mature markets, competitive advantage is very important. Businesses can harness the wealth of vast amounts of data collected through operational processes as well as from external sources. This course introduces data mining techniques and their use in various business applications to enable business intelligence. The course uses both training to work expertly with the latest data mining tools to model business problems and discover interesting patterns for decision support as well as several cases discussing strategies, outcomes, and impact on organizations when using data mining.
The second stage - Practical Training 30 Credits
In practical training, the student is assigned to teach a virtual course chosen by the college from among the courses studied by the student at the bachelor's level. The student should divide this course from twelve to fourteen brief lectures. The student presents each lecture in the form of a written summary of its topic in Word or PDF format, accompanied by a video recording of it with the student's voice using Power Point, the duration of which is no less than ten minutes and not more than about twenty minutes.
The thrid stage - Master's Thesis 54 Credits
The student submits a request to the university administration to register a master’s thesis, along with a proposed topic in one of the subspecialty tracks.
● If the initial approval of the subject title is achieved, the college council will designate a supervisor to guide and follow up the student in preparing the plan.
● The research plan includes the importance of the topic and a critical presentation of previous studies in it, specifically the research problem, then defining the study's curriculum and its main hypotheses or questions that you want to answer, and the division of the study and its sources.
● The student presents his proposed plan in a scientific seminar, discussing the plan as a topic and an approach.
● The student adjusts his plan based on the professors' observations in the seminar if he is asked to amend.
● After the seminar, the plan is presented to the college council to take its decision regarding the registration of the subject.
● In the event of approval, the college council’s decision is presented to the university council to approve registration, and the registration date is calculated from the university council’s approval date