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DUBLIN INSTITUTE OF TECHNOLOGYBOLTON STREET, DUBLIN 1

BACHELOR OF ENGINEERINGIN MECHANICAL ENGINEERING

&BACHELOR OF ENGINEERING

IN MANUFACTURING & DESIGN ENGINEERING

THIRD YEAR: JANUARY 2015SEMESTER 1

PROFESSIONAL DEVELOPMENT

Ger Reilly BTech(ed), MTechRobert Simpson BA, BAI, MSc

David Kennedy PhDAnne Marie McCarrick MSc, MIEI

Arthur Henry DipEng., B.Sc.(Eng.), M.I.E., M.B.A., M.Phi!., C.Eng., M.IET

T esday 6th January 2015 2.00pm - 5.00pm

Answer 4 of the following 6 questions, at least 2 from Section A and at least I from Secti n B.Please use separate answer books for each section.

All questions carry equal marks.

Given: Normal Table

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Section A

Question 1Ca)

Cb)

Cc)

(d)

Ce)

Question 2

Ca)

(b)

(c)

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Managers and leaders are very different people. Discuss, makingreference to articles and theory covered in class.

Outline the contents and purpose of a project charter.

Describe the following, using examples:(i)Action Plan(ii)Work Breakdown Structure

In which phase of a project lifecycle might the tool Earned Value beused?

Given an activity in a medical device development project whoseplanned cost was €12,000 but actual cost to date is €10,000 so far.The value completed is only 70%.Calculate the following:

Cost variance (CV)Schedule variance (SV)Cost Performance Index (CPI)Schedule Performance Index (SPI)

Will the client be pleased or angry?

(7 Marks)

(3 Marks)

(4 Marks)

(3 Marks)

(8 Marks)

Outline the factors that can contribute to resistance to change in an (10 Marks)organisation, and the steps a manager can take to overcome thatresistance. Use an example of change in an organisation to illustrateyour answer.

Define Corporate Social Responsibility (CSR) and outline the 5 (7 Marks)dimensions of CSR.

With regard to CSR, outline four specific requirements ofISO 14000, (8 Marks)and outline the advantages and disadvantages of this type ofapproach.

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Question 3

(a)

(b)

(c)

Question 4

(a)

Cb)

Cc)(d)

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Describe the basic forms of organisation design, outlining the (8 Marks)advantages and disadvantages of each. Use company examples toillustrate your answer.

Distinguish between centralisation and decentralisation, comment on (5 Marks)the advantages and disadvantages of each arrangement and give anexample of when an organisation might wish to use one or otherapproach.

Outline the behavioural approach to Job Design, explain how this (12 Marks)affects job enlargement and job enrichment and the impact this mighhave on motivation of employees in the workplace.

Explain why a Project manager places particular emphasis on the (5 Marks)critical path(s) of any project.

Using table Q4b below, draw the network diagram, calculate float for (10 Marks)each task using earliest and latest event times and determine thefollowing:i)Total project durationii) Critical path

Time Estimate (weeks)Activity/Task Preceding a m b

ActivitiesA - 1 2 3B - 2 3 4C A 1 2 3D A,B 2 4 6E C 1 4 7F C 1 2 9G D,E 3 4 11H F,G 1 2 3

Table Q4b

Calculate the probability that the project shown in Table Q4b abovewill complete in 16 weeks.Calculate the probability that the project shown in Table Q4b abovewill complete in 14 weeks.

(5 Marks)

(5 Marks)

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Section B

Question 5

Ca) Many parties are interested in the financial statements of a firm, and areoften known as stakeholders. List these stakeholders, outlining theirparticular interests.

Cb) Summarise the features of the current ratio and quick ratio analyticaltools that may be used provide broad information about one aspect ofthe financial condition of a company.

Cc) Reviewing the financial statements of a firm in isolation provideslimited information. Identify two common bases of comparison offinancial statements that help overcome this problem.

Question 6

Ca) Outline the basic principles of spontaneous (non - negotiated) sources offinance and write notes on three such sources.

Cb) Write notes on any three short term negotiated sources of finance,outlining their advantages and risks, and why they might be used incertain situations.

(c) What is a lease?

Identify and describe the four main ways to arrange a lease, and writenotes on the characteristics of a typical lease agreement.

(l0 marks)

(l0 marks)

(5 marks)

(10 marks)

(10 marks)

(5 marks)

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