Day 1 – Management and Financial Foundations
9:00 – 9:30 : Program
Introduction: Overview of the program objectives and the transition from technical roles to management responsibilities. Participants are introduced to the importance of understanding financial decision-making, project justification, and organisational management processes.
9:30 – 10:30 : Module 1 – Introduction to Management Philosophy in Industrial Organisations
Brief Module Description
This module introduces participants to the basic principles of management and leadership within industrial organisations. It discusses how managers balance operational goals, financial considerations, and people management in order to achieve organisational objectives.
10:30 – 10:45 : Morning Break
10:45 – 12:30 : Module 2 – Basic Financial Concepts for Engineers and Managers
Brief Module Description
This module introduces key financial concepts used in operational management, including revenue, cost structures, profitability, and financial reporting. Participants will gain an understanding of how financial performance influences management decisions and project approvals.
12:30 – 1:30 : Lunch Break
1:30 – 3:00 : Module 3 – Understanding Cost Structures and Budgeting
Brief Module Description
This module explains how organisations develop and manage operational budgets. Participants will learn about fixed and variable costs, departmental budgets, and how cost structures affect planning and decision-making within engineering operations.
3:00 – 3:15 : Afternoon Break
3:15 – 5:00 : Module 4 – Operational Budget Planning and Cost Control
Brief Module Description
This session focuses on practical budgeting and cost control techniques used by managers. Participants will learn how managers track expenses, manage operational budgets, and implement cost control measures to ensure efficient use of resources.
