Discuss the impact of legislation and external factors

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Reference no: EM132276585

Assignment - Business Operations in Engineering

Learning outcomes - On completion of this unit a learner should:

1. Understand how an engineering company operates.

2. Understand how external factors and the economic environment can affect the operation of an engineering company.

3. Know how legislation, regulation and other constraints impact on the operation of engineering businesses.

4. Be able to apply costing techniques to determine the cost effectiveness of an engineering activity.

Scenario 1:- You are working as a Business Operations Manager in SHELL, which is a renowned oil and gas engineering firm. Your firm is amongst the top 10 most influential firms in the oil and gas industry sector.

With the assistance from HR department, your job is to train the new employees in understanding the business operations of your firm. For this, your duties and responsibilities include - Writing a 1500 word report on the 3 tasks mentioned below.

Task 1 -

Introduction to different sectors in which engineering companies operate and discussing their functions.
Explaining the different ways in which the improvements in information flow could benefit any organization and SHELL in particular. Give an Example of information flow in a firm, for a particular engineering activity.
Sharing knowledge of the organisational types of engineering companies for three different sectors (Primary, Secondary, and Tertiary).

Task 2 -

Discuss the impact of legislation and external factors on a specific operation within an engineering company (and also in SHELL, particularly) in terms of benefits and limitations.
Explain the environmental and social constraints that impact on the way an engineering business operates.

Task 3 -

Carry out costing techniques to determine the cost effectiveness of the engineering activity (from the example that you selected in task 1) and discuss how it could be improved.
Also perform costing techniques to make a final make-or-buy decision for a given product (choose any engineering product as an example).

Reference no: EM132276585

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Reviews

len2276585

4/6/2019 3:26:12 AM

Please with reference to the scenario, can the three tasks be completed in detail bearing in mind the assessment criteria which is given within the assignment? All task must include the following criteria - To achieve a distinction grade the evidence must show that, in addition to the pass and merit criteria, the learner is able to: Evaluate the information flow through an engineering company in relation to an engineering activity. Evaluate the importance and possible effect of the external factors that directly impact on an engineering company.

len2276585

4/6/2019 3:26:07 AM

Demonstrate how the cost effectiveness of an engineering activity could be improved. Explain how external factors and the economic environment affect the way in which an engineering company operates. Identify the legislation and regulations that impact on the way an engineering business operates. Describe the environmental and social constraints that impact on the way an engineering business operates. Carry out costing techniques to determine the cost effectiveness of an engineering. Carry out costing techniques to reach a make-or-buy decision for a given product.

len2276585

4/6/2019 3:26:01 AM

Referencing - Evidence of academic reading and sources are expected to be included in the document. Please use the Harvard 'author and date' referencing conventions, regarding the use of in-text referencing. Include a list of references at the end of your document. Technical appendices may also be included (these will not be included in the word count.) Any un-sourced references will be treated extremely seriously and may affect your final marks. If you are unsure how to reference properly please ask any of your teachers. Normally, this would be 30% sources and 70% your own ideas.

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