Scribd
Upload
167 views

Engineering Management Practical

Engineers play a vital role in society by using science and mathematics to construct infrastructure like buildings, roads, and communication systems. Some engineers become leaders in business by serving as CEOs or presidents of major companies. When making decisions, engineers rely on gathering relevant information at key stages such as defining problems, weighing evidence, and developing options. However, relying too heavily on a single source of information without validating it can lead to poor decisions, as seen with telecommunications companies in the late 1990s that failed due to inaccurate strategic plans based on incorrect data about market growth. Proper decision making requires developing multiple options, assessing evidence from various sources, and avoiding biases like only perceiving information that confirms preexisting views.

Uploaded by

Ellise Cassidy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
167 views

Engineering Management Practical

Engineers play a vital role in society by using science and mathematics to construct infrastructure like buildings, roads, and communication systems. Some engineers become leaders in business by serving as CEOs or presidents of major companies. When making decisions, engineers rely on gathering relevant information at key stages such as defining problems, weighing evidence, and developing options. However, relying too heavily on a single source of information without validating it can lead to poor decisions, as seen with telecommunications companies in the late 1990s that failed due to inaccurate strategic plans based on incorrect data about market growth. Proper decision making requires developing multiple options, assessing evidence from various sources, and avoiding biases like only perceiving information that confirms preexisting views.

Uploaded by

Ellise Cassidy
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

1. Why are engineers considered an important segment of the society?

Engineers basically build the society. Using applied mathematics and science as their skills, Engineers are
capable to construct both horizontal and vertical structures which enables communication between people and
people, people and businesses. The roads we use, the buildings we enter, the houses we live, they are built by
Engineers thus shows their huge contribution in our society for the past decades or even centuries.
2. In your observation, what areas of management are engineers currently involved? Enumerate and explain
their functions.
 Development Management - This is where the development and/or planning of the Project Cycle is made.
 Communication Management-This is where agreement between to parties happen to determine the right
actions and policies to develop motivational aspects within different department in a business
organization.
 Environmental Management-This is where analyzing and evaluating the factors that might affect the
environment during the project development.
 Quality Management-Ensuring the Quality works of every area in the project.
3. List down five (5) well-known engineers who became president, general manager, or manager.
 Virginia Rometty (Systems Engineer) - IBM Ceo and Chairwoman
 Sundar Pichai (Metallurgical Engineer) - Google Inc. CEO
 Dennis Muilenburg (Aeronautics Engineer) - President and CEO of Boeing, Inc
 Jeff Bezos(Electrical Engineer) - Founder and CEO of Amazon.com
 Denise Gray ( Electrical Engineer) - As CEO and President of LG Chem Power, Inc,
4. Describe at least three points in decision-making at which information plays an important role.
 Define the problem - This is where the decision making starts and is the fundamental part of the process
because this would be the root of the decisions made.
 Gather relevant information - In order to make the decisions, gathering the accurate or relevant
information is highly important to be able to solve the problem defined prior.
 Weigh the evidence - Information is necessary in this stage because it serves as the basis of the evidence
made.
5. Identify problems that you have experienced. Do a complete report on what you did to solve that problem
following the eight process of decision making.
Problem: Lack of time management.
Solution process:
 Identify the problem -unfinished backlogs due to too much personal distractions.
 Gather information -Research on articles or blogs about how to overcome distractions and how to be
able to focus on things on a longer period. Gather motivational things that will help you be more
focused.
 Weight the evidence-Tried to apply every step on the things that I researched and weigh which one suits
me the most personally.
 Develop a variety of options -Summarize and categorize the options chosen prior based on different
circumstances.
 Assess all options and assign a value to each one -Ranked each advises about staying more focused
 Decide which option is the best -Based my choice on the ones that has the higher ranking.
 Implement the decision -Tried to practice the steps/ advises I researched for a week until it becomes a
habit.
6. Answer the questions in Case analysis of Boom and Bust in Telecommunications.

a. Why did the strategic plans adopted by companies like Level 3, Global Crossing, and 360 Networks fail?
Due to the inaccurate information gathered. The 1000 percent increase in the growth rate wasn't correct thus
leading many companies to fall.
b. The managers who ran these companies were smart, successful individuals, as were many of the investors
who put money into these businesses. How could so many smart people have been so wrong?
Due to relying on incorrect Data which stems to wrong decision making.
c. What specific decision-making biases do you think were at work in this industry during the late 1990s and
early 2000s?
Selective Perception. I believe that they only focused on the opportunity to prosper their business without
actually confirming if the supposed opportunity told to them was right.
d. What could the managers running these companies have done differently that might have led to a different
outcome?
They could have gathered their own information and weigh the evidence they get.
e. Do you think the firm is living up to its mission, vision, values, and goals? What evidence do you have to
support your conclusion?
No, because of their selective perception it just shows that they are more focused in gaining profit rather than
making the business secure and functioning.
f. Can you find any evidence that managers at the organization might have made any significant strategic errors
over the last decade? If they have, what role did poor planning, a lack of planning, or decision-making traps
play in these errors?
There were two people who provided two different information based on the article but they were only quick to
choose the one that seems relevant for them. They grabbed on the first opportunity they got without planning it
firsthand if they should actually rely on it.

You might also like