HUM321 Engineering Economics and Management

Lecture-1 Course Introduction

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Course Description
Course Title: Engineering Economics and Management Course Code: HUM321 Credit Hours: 3 Instructor: Fahad Bin Muslim email: fahad@iqraisb.edu.pk Signup at Iqra LMS for course updates

Reading Guideline
Books
Engineering Economics by R. Panneerselvam. Project Management by Jeffery K. Pinto 2nd Edition (2009).

Lecture Slides Web Resources

Schedule
Two classes/week Wednesday and Friday from 04:25pm 05:55pm Location LR 11

Engineering. Science or Arts

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The solution

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Do as they do

Think by yourself
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Project Management
A mix of technology and social science Agnostic = undefined technology Agnostic project management is
Management Leadership Managerial tools and techniques Politics Psychology

Planning and control

Plans are nothing, planning is everything
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Masters abilities
Connecting practice and theory
Extracting theory from anecdotal examples Inventing anecdotal examples from theory

Understanding the problem areas

A problem well defined is half solved

Case 1: Fuel Station

Case 2: Engineering Economics and Management Course

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Case 3: PTCL

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Extracted Theories
Fuel Station
Need to keep track of money (Economics)

Engineering Economics and Management Course

Identify problems and provide solutions (Project Management)

PTCL
Time to shape up! (Operation Management)
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The Grand Quality of Project Management

Easy things are no fun Project management is not easy Project management is fun

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Course Design
1st Part
Managerial Economics

2nd Part
Project Management

3rd Part
Operation Management

A Research Project Mandatory seminars

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Grading (100 points)

Midterm Exam 10%+15%=25% Final Examination 50% Research Project 25% (At least 50% marks required to pass the course)
Attendance in mandatory events is also a must for passing the course

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Managers make things happen smoothly!!

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The End

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