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Engineering Project EconomicsLaajuus (4 cr)

Code: TSAE0500

Credits

4 op

Teaching language

  • Finnish

Responsible person

  • Harri Tuukkanen

Objective

You know the key terms and principles of the economics of a design project. You are able to prepare an offer and monitor financial development during the project implementation phase. You develop your leadership skills in an expert organization and understand the impact of management on the success of the company.

Content

Management
Project accounting
Project pricing exercise

Qualifications

Basic understanding of automation- and electrical enginerring projects.

Assessment criteria, satisfactory (1)

(1)
You understand the basics of the economy of a engineering project. You are able to price a product. You know some terminology and part of the other contents of the course. You lack some of the knowledge and skills.

(2)
You understand the basics of the economy of a engineering project. You are able to price a product. You know the terminology and some financial accounting.

Assessment criteria, good (3)

(3)
You understand the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting.

(4)
You master the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting. You are able to make investment calculations and a budget.

Assessment criteria, excellent (5)

(5)
You are able to handle the accounting of a company or a project. You master the costing and are able to implement your knowledge in practice. You master the budgeting and investment calculations. You are able to make decisions based on the financial details.

Enrollment

01.11.2024 - 09.01.2025

Timing

13.01.2025 - 18.05.2025

Number of ECTS credits allocated

4 op

Virtual portion

0.5 op

Mode of delivery

88 % Face-to-face, 12 % Online learning

Unit

School of Technology

Campus

Lutakko Campus

Teaching languages
  • Finnish
Seats

20 - 35

Degree programmes
  • Bachelor's Degree Programme in Electrical and Automation Engineering
Teachers
  • Pekka Silvennoinen
Groups
  • TSA23SS
    Insinööri (AMK), sähkö- ja automaatiotekniikka, päivätoteutus

Objectives

You know the key terms and principles of the economics of a design project. You are able to prepare an offer and monitor financial development during the project implementation phase. You develop your leadership skills in an expert organization and understand the impact of management on the success of the company.

Content

Management
Project accounting
Project pricing exercise

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

(1)
You understand the basics of the economy of a engineering project. You are able to price a product. You know some terminology and part of the other contents of the course. You lack some of the knowledge and skills.

(2)
You understand the basics of the economy of a engineering project. You are able to price a product. You know the terminology and some financial accounting.

Evaluation criteria, good (3-4)

(3)
You understand the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting.

(4)
You master the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting. You are able to make investment calculations and a budget.

Evaluation criteria, excellent (5)

(5)
You are able to handle the accounting of a company or a project. You master the costing and are able to implement your knowledge in practice. You master the budgeting and investment calculations. You are able to make decisions based on the financial details.

Prerequisites

Basic understanding of automation- and electrical enginerring projects.

Enrollment

01.11.2024 - 09.01.2025

Timing

13.01.2025 - 18.05.2025

Number of ECTS credits allocated

4 op

Mode of delivery

Face-to-face

Unit

School of Technology

Campus

Lutakko Campus

Teaching languages
  • English
Seats

20 - 35

Degree programmes
  • Bachelor's Degree Programme in Electrical and Automation Engineering
Teachers
  • Ari Kuisma
Groups
  • TAR22S1
    Bachelor's Degree Programme in Automation and Robotics

Objectives

You know the key terms and principles of the economics of a design project. You are able to prepare an offer and monitor financial development during the project implementation phase. You develop your leadership skills in an expert organization and understand the impact of management on the success of the company.

Content

Management
Project accounting
Project pricing exercise

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

(1)
You understand the basics of the economy of a engineering project. You are able to price a product. You know some terminology and part of the other contents of the course. You lack some of the knowledge and skills.

(2)
You understand the basics of the economy of a engineering project. You are able to price a product. You know the terminology and some financial accounting.

Evaluation criteria, good (3-4)

(3)
You understand the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting.

(4)
You master the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting. You are able to make investment calculations and a budget.

Evaluation criteria, excellent (5)

(5)
You are able to handle the accounting of a company or a project. You master the costing and are able to implement your knowledge in practice. You master the budgeting and investment calculations. You are able to make decisions based on the financial details.

Prerequisites

Basic understanding of automation- and electrical enginerring projects.

Enrollment

01.11.2024 - 09.01.2025

Timing

13.01.2025 - 18.05.2025

Number of ECTS credits allocated

4 op

Mode of delivery

Face-to-face

Unit

School of Technology

Campus

Lutakko Campus

Teaching languages
  • Finnish
Seats

20 - 35

Degree programmes
  • Bachelor's Degree Programme in Electrical and Automation Engineering
Teachers
  • Pekka Silvennoinen
Groups
  • TSA22SA
    Sähkö- ja automaatiotekniikka (AMK)

Objectives

You know the key terms and principles of the economics of a design project. You are able to prepare an offer and monitor financial development during the project implementation phase. You develop your leadership skills in an expert organization and understand the impact of management on the success of the company.

Content

Management
Project accounting
Project pricing exercise

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

(1)
You understand the basics of the economy of a engineering project. You are able to price a product. You know some terminology and part of the other contents of the course. You lack some of the knowledge and skills.

(2)
You understand the basics of the economy of a engineering project. You are able to price a product. You know the terminology and some financial accounting.

Evaluation criteria, good (3-4)

(3)
You understand the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting.

(4)
You master the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting. You are able to make investment calculations and a budget.

Evaluation criteria, excellent (5)

(5)
You are able to handle the accounting of a company or a project. You master the costing and are able to implement your knowledge in practice. You master the budgeting and investment calculations. You are able to make decisions based on the financial details.

Prerequisites

Basic understanding of automation- and electrical enginerring projects.

Enrollment

01.08.2024 - 22.08.2024

Timing

01.08.2024 - 31.12.2024

Number of ECTS credits allocated

4 op

Virtual portion

4 op

Mode of delivery

Online learning

Unit

School of Technology

Campus

Main Campus

Teaching languages
  • Finnish
Degree programmes
  • Bachelor's Degree Programme in Electrical and Automation Engineering
Teachers
  • Pekka Silvennoinen
Groups
  • TSA22KMA
    Sähkö- ja automaatiotekniikka (AMK)

Objectives

You know the key terms and principles of the economics of a design project. You are able to prepare an offer and monitor financial development during the project implementation phase. You develop your leadership skills in an expert organization and understand the impact of management on the success of the company.

Content

Management
Project accounting
Project pricing exercise

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

(1)
You understand the basics of the economy of a engineering project. You are able to price a product. You know some terminology and part of the other contents of the course. You lack some of the knowledge and skills.

(2)
You understand the basics of the economy of a engineering project. You are able to price a product. You know the terminology and some financial accounting.

Evaluation criteria, good (3-4)

(3)
You understand the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting.

(4)
You master the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting. You are able to make investment calculations and a budget.

Evaluation criteria, excellent (5)

(5)
You are able to handle the accounting of a company or a project. You master the costing and are able to implement your knowledge in practice. You master the budgeting and investment calculations. You are able to make decisions based on the financial details.

Prerequisites

Basic understanding of automation- and electrical enginerring projects.

Enrollment

01.08.2024 - 22.08.2024

Timing

01.08.2024 - 31.12.2024

Number of ECTS credits allocated

4 op

Virtual portion

4 op

Mode of delivery

Online learning

Unit

School of Technology

Campus

Lutakko Campus

Teaching languages
  • Finnish
Degree programmes
  • Bachelor's Degree Programme in Electrical and Automation Engineering
Teachers
  • Pekka Silvennoinen
Groups
  • TSA23KMS
    Insinööri (AMK), sähkö- ja automaatiotekniikka,monimuototeutus

Objectives

You know the key terms and principles of the economics of a design project. You are able to prepare an offer and monitor financial development during the project implementation phase. You develop your leadership skills in an expert organization and understand the impact of management on the success of the company.

Content

Management
Project accounting
Project pricing exercise

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

(1)
You understand the basics of the economy of a engineering project. You are able to price a product. You know some terminology and part of the other contents of the course. You lack some of the knowledge and skills.

(2)
You understand the basics of the economy of a engineering project. You are able to price a product. You know the terminology and some financial accounting.

Evaluation criteria, good (3-4)

(3)
You understand the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting.

(4)
You master the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting. You are able to make investment calculations and a budget.

Evaluation criteria, excellent (5)

(5)
You are able to handle the accounting of a company or a project. You master the costing and are able to implement your knowledge in practice. You master the budgeting and investment calculations. You are able to make decisions based on the financial details.

Prerequisites

Basic understanding of automation- and electrical enginerring projects.

Enrollment

20.11.2023 - 04.01.2024

Timing

01.01.2024 - 19.05.2024

Number of ECTS credits allocated

4 op

Mode of delivery

Face-to-face

Unit

School of Technology

Campus

Main Campus

Teaching languages
  • Finnish
Degree programmes
  • Bachelor's Degree Programme in Electrical and Automation Engineering
Teachers
  • Pekka Silvennoinen
Groups
  • TSA21SA
    Sähkö- ja automaatiotekniikka (AMK)

Objectives

You know the key terms and principles of the economics of a design project. You are able to prepare an offer and monitor financial development during the project implementation phase. You develop your leadership skills in an expert organization and understand the impact of management on the success of the company.

Content

Management
Project accounting
Project pricing exercise

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

(1)
You understand the basics of the economy of a engineering project. You are able to price a product. You know some terminology and part of the other contents of the course. You lack some of the knowledge and skills.

(2)
You understand the basics of the economy of a engineering project. You are able to price a product. You know the terminology and some financial accounting.

Evaluation criteria, good (3-4)

(3)
You understand the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting.

(4)
You master the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting. You are able to make investment calculations and a budget.

Evaluation criteria, excellent (5)

(5)
You are able to handle the accounting of a company or a project. You master the costing and are able to implement your knowledge in practice. You master the budgeting and investment calculations. You are able to make decisions based on the financial details.

Prerequisites

Basic understanding of automation- and electrical enginerring projects.

Enrollment

20.11.2023 - 04.01.2024

Timing

01.01.2024 - 19.05.2024

Number of ECTS credits allocated

4 op

Mode of delivery

Face-to-face

Unit

School of Technology

Campus

Main Campus

Teaching languages
  • Finnish
Degree programmes
  • Bachelor's Degree Programme in Electrical and Automation Engineering
Teachers
  • Pekka Silvennoinen
Groups
  • TSA22SS
    Sähkö- ja automaatiotekniikka (AMK)

Objectives

You know the key terms and principles of the economics of a design project. You are able to prepare an offer and monitor financial development during the project implementation phase. You develop your leadership skills in an expert organization and understand the impact of management on the success of the company.

Content

Management
Project accounting
Project pricing exercise

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

(1)
You understand the basics of the economy of a engineering project. You are able to price a product. You know some terminology and part of the other contents of the course. You lack some of the knowledge and skills.

(2)
You understand the basics of the economy of a engineering project. You are able to price a product. You know the terminology and some financial accounting.

Evaluation criteria, good (3-4)

(3)
You understand the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting.

(4)
You master the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting. You are able to make investment calculations and a budget.

Evaluation criteria, excellent (5)

(5)
You are able to handle the accounting of a company or a project. You master the costing and are able to implement your knowledge in practice. You master the budgeting and investment calculations. You are able to make decisions based on the financial details.

Prerequisites

Basic understanding of automation- and electrical enginerring projects.

Enrollment

01.08.2023 - 24.08.2023

Timing

01.08.2023 - 19.12.2023

Number of ECTS credits allocated

4 op

Virtual portion

1.5 op

Mode of delivery

63 % Face-to-face, 37 % Online learning

Unit

School of Technology

Campus

Main Campus

Teaching languages
  • Finnish
Degree programmes
  • Bachelor's Degree Programme in Electrical and Automation Engineering
Teachers
  • Pekka Silvennoinen
Groups
  • TSA21KMA
    Sähkö- ja automaatiotekniikka (AMK)
  • TSA22KMS
    Sähkö- ja automaatiotekniikka (AMK)

Objectives

You know the key terms and principles of the economics of a design project. You are able to prepare an offer and monitor financial development during the project implementation phase. You develop your leadership skills in an expert organization and understand the impact of management on the success of the company.

Content

Management
Project accounting
Project pricing exercise

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

(1)
You understand the basics of the economy of a engineering project. You are able to price a product. You know some terminology and part of the other contents of the course. You lack some of the knowledge and skills.

(2)
You understand the basics of the economy of a engineering project. You are able to price a product. You know the terminology and some financial accounting.

Evaluation criteria, good (3-4)

(3)
You understand the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting.

(4)
You master the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting. You are able to make investment calculations and a budget.

Evaluation criteria, excellent (5)

(5)
You are able to handle the accounting of a company or a project. You master the costing and are able to implement your knowledge in practice. You master the budgeting and investment calculations. You are able to make decisions based on the financial details.

Prerequisites

Basic understanding of automation- and electrical enginerring projects.

Enrollment

01.11.2022 - 05.01.2023

Timing

09.01.2023 - 31.05.2023

Number of ECTS credits allocated

4 op

Mode of delivery

Face-to-face

Unit

School of Technology

Campus

Main Campus

Teaching languages
  • Finnish
Degree programmes
  • Bachelor's Degree Programme in Electrical and Automation Engineering
Teachers
  • Pekka Silvennoinen
Groups
  • TSA21SB
    Sähkö- ja automaatiotekniikka (AMK)

Objectives

You know the key terms and principles of the economics of a design project. You are able to prepare an offer and monitor financial development during the project implementation phase. You develop your leadership skills in an expert organization and understand the impact of management on the success of the company.

Content

Management
Project accounting
Project pricing exercise

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

(1)
You understand the basics of the economy of a engineering project. You are able to price a product. You know some terminology and part of the other contents of the course. You lack some of the knowledge and skills.

(2)
You understand the basics of the economy of a engineering project. You are able to price a product. You know the terminology and some financial accounting.

Evaluation criteria, good (3-4)

(3)
You understand the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting.

(4)
You master the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting. You are able to make investment calculations and a budget.

Evaluation criteria, excellent (5)

(5)
You are able to handle the accounting of a company or a project. You master the costing and are able to implement your knowledge in practice. You master the budgeting and investment calculations. You are able to make decisions based on the financial details.

Prerequisites

Basic understanding of automation- and electrical enginerring projects.

Enrollment

01.11.2022 - 05.01.2023

Timing

09.01.2023 - 21.05.2023

Number of ECTS credits allocated

4 op

Mode of delivery

Face-to-face

Unit

School of Technology

Campus

Main Campus

Teaching languages
  • Finnish
Degree programmes
  • Bachelor's Degree Programme in Electrical and Automation Engineering
Teachers
  • Pekka Silvennoinen
Groups
  • TSA20SA
    Bachelor's Degree Programme in Electrical and Automation Engineering

Objectives

You know the key terms and principles of the economics of a design project. You are able to prepare an offer and monitor financial development during the project implementation phase. You develop your leadership skills in an expert organization and understand the impact of management on the success of the company.

Content

Management
Project accounting
Project pricing exercise

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

(1)
You understand the basics of the economy of a engineering project. You are able to price a product. You know some terminology and part of the other contents of the course. You lack some of the knowledge and skills.

(2)
You understand the basics of the economy of a engineering project. You are able to price a product. You know the terminology and some financial accounting.

Evaluation criteria, good (3-4)

(3)
You understand the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting.

(4)
You master the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting. You are able to make investment calculations and a budget.

Evaluation criteria, excellent (5)

(5)
You are able to handle the accounting of a company or a project. You master the costing and are able to implement your knowledge in practice. You master the budgeting and investment calculations. You are able to make decisions based on the financial details.

Prerequisites

Basic understanding of automation- and electrical enginerring projects.

Enrollment

01.08.2022 - 25.08.2022

Timing

29.08.2022 - 31.12.2022

Number of ECTS credits allocated

4 op

Virtual portion

4 op

Mode of delivery

Online learning

Unit

School of Technology

Campus

Main Campus

Teaching languages
  • Finnish
Degree programmes
  • Bachelor's Degree Programme in Electrical and Automation Engineering
Teachers
  • Pekka Silvennoinen
Groups
  • TSA21KMB
    Sähkö- ja automaatiotekniikka (AMK)

Objectives

You know the key terms and principles of the economics of a design project. You are able to prepare an offer and monitor financial development during the project implementation phase. You develop your leadership skills in an expert organization and understand the impact of management on the success of the company.

Content

Management
Project accounting
Project pricing exercise

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

(1)
You understand the basics of the economy of a engineering project. You are able to price a product. You know some terminology and part of the other contents of the course. You lack some of the knowledge and skills.

(2)
You understand the basics of the economy of a engineering project. You are able to price a product. You know the terminology and some financial accounting.

Evaluation criteria, good (3-4)

(3)
You understand the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting.

(4)
You master the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting. You are able to make investment calculations and a budget.

Evaluation criteria, excellent (5)

(5)
You are able to handle the accounting of a company or a project. You master the costing and are able to implement your knowledge in practice. You master the budgeting and investment calculations. You are able to make decisions based on the financial details.

Prerequisites

Basic understanding of automation- and electrical enginerring projects.

Enrollment

01.11.2021 - 09.01.2022

Timing

01.01.2022 - 15.05.2022

Number of ECTS credits allocated

4 op

Mode of delivery

Face-to-face

Unit

School of Technology

Campus

Main Campus

Teaching languages
  • Finnish
Degree programmes
  • Bachelor's Degree Programme in Electrical and Automation Engineering
Teachers
  • Harri Tuukkanen
Groups
  • TSA20SB
    Bachelor's Degree Programme in Electrical and Automation Engineering

Objectives

You know the key terms and principles of the economics of a design project. You are able to prepare an offer and monitor financial development during the project implementation phase. You develop your leadership skills in an expert organization and understand the impact of management on the success of the company.

Content

Management
Project accounting
Project pricing exercise

Learning materials and recommended literature

Martinsuo ym. 2016 / 2018. Teollisuustalous kehittyvässä liiketoiminnassa
Haverila ym. 2009. Teollisuustalous

Teaching methods

Luokkaopetus. Laskuharjoitukset. Harjoitustyö. Yrityspeli.

Practical training and working life connections

Opintojakson harjoitustyön voi suorittaa ulkopuoliselle toimeksiantajalle.

Exam dates and retake possibilities

EXAM-tentti opintojakson päätteeksi. Yhteensä 3 tenttitilaisuutta.

Student workload

Oppitunnit n. 45h
Yrityspeli n. 12h
Tehtävät ja harjoitustyö n. 40h

Further information for students

Opintojakso toteutetaan yhdessä "TSAE0100-3004 Teollisuustalous" -opintojakson kanssa.

Evaluation scale

0-5

Evaluation criteria, satisfactory (1-2)

(1)
You understand the basics of the economy of a engineering project. You are able to price a product. You know some terminology and part of the other contents of the course. You lack some of the knowledge and skills.

(2)
You understand the basics of the economy of a engineering project. You are able to price a product. You know the terminology and some financial accounting.

Evaluation criteria, good (3-4)

(3)
You understand the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting.

(4)
You master the essential subjects of the course. You are also able to interpret the key performance indicators of a company and you understand the essentias of financial accounting and management accounting. You are able to make investment calculations and a budget.

Evaluation criteria, excellent (5)

(5)
You are able to handle the accounting of a company or a project. You master the costing and are able to implement your knowledge in practice. You master the budgeting and investment calculations. You are able to make decisions based on the financial details.

Prerequisites

Basic understanding of automation- and electrical enginerring projects.