302272

ChE 423 Process Economics and Management

Bentley: Professor Moses O Tad; Mr Jeff Mayne of BP Refinery and many guest lecturers from Alcoa World Alumina, Kwinana Refinery Miri: A/Professor Michael K. Danquah; Mrs. Florence Wong
Department of Chemical Engineering
Curtin Engineering

UNIT OUTLINE
Semester 2 2013

Curtin University is a trademark of Curtin University of Technology. CRICOS Provider Code 00301J (WA), 02637B (NSW)

302272 Process Economics and Management 423

Table of Contents
INTRODUCTION ............................................................................................................................. 0 ESSENTIAL ADMINISTRATIVE INFORMATION ........................................................................... 1 TEACHING STAFF .......................................................................................................................... 2 UNIT COORDINATOR .................................................................................................................... 2 UNIT SYLLABUS ............................................................................................................................. 2 LEARNING OUTCOMES ................................................................................................................ 3 LEARNING ACTIVITIES .................................................................................................................. 4 STUDENT FEEDBACK ................................................................................................................... 5 LEARNING RESOURCES .............................................................................................................. 5 TEXT BOOK .................................................................................................................................... 5 Recommended Texts: .................................................................................................................. 5 ASSESSMENT DETAILS ................................................................................................................ 6 Assessment Summary ................................................................................................................. 6 Assessment Task Details ............................................................................................................. 6 Supplementary and Deferred Assessments ................................................................................ 6 Referencing Style ......................................................................................................................... 6 Awarding of Grades ..................................................................................................................... 6 STUDENTS RIGHTS AND RESPONSIBILITIES ........................................................................... 7 ADDITIONAL INFORMATION ......................................................................................................... 7 Telephone Contacts: .................................................................................................................... 7 UNIT STUDY CALENDAR .............................................................................................................. 8 Semester 2 2011 ...................................................................................................................... 8

INTRODUCTION
Welcome to Curtin Engineering. Curtin Engineering aspires to be nationally and internationally recognised as a leader in Engineering education and research. We are dedicated to the enhancement of teaching and research and the pursuit of excellence and innovative applications of engineering technology as a contribution to the advancement of scientific knowledge, understanding and community relevance.

302272 Process Economics and Management 423

ESSENTIAL ADMINISTRATIVE INFORMATION

Unit Title Unit Study Package Number Unit Coordinator ChE 423 Process Economics and Management 302272 v. 2 Professor Moses O Tad (Bentley) A/Professor Michael K Danquah (Miri) Teaching Area Credit Value Mode(s) of study Pre-requisites Co-Requisites Anti-requisites Additional requirements Core Unit Department of Chemical Engineering 25 Lectures None None 305374 v.1 ChE 519 Process Economics and Management None Bachelor of Engineering (Chemical Engineering) Bachelor of Engineering (Chemical Engineering)/Bachelor of Science (Extractive Metallurgy) Bachelor of Science (Chemistry)/Bachelor of Engineering (Chemical Engineering) Core Unit status If you are taking this unit as a required (core) unit in your course of study, you may be terminated from your course of study if you fail this unit twice. This is a grade/mark unit. All fee information can be obtained through the Fees Centre. Visit http://www.fees.curtin.edu.au/index.cfm for details.

Result Type Ancillary Fees and Charges Unit Website Faculty or School Website Tuition Pattern

http://engineering.curtin.edu.au/ 3 to 6 hours lecture, discussions and case studies per week as per the attached timetable.

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TEACHING STAFF
The lecturer or tutor for this unit and their contact details are below: Bentley: Mr Jeff Mayne of BP Refinery and several guest lecturers from Alcoa, Kwinana Refinery Miri: A/Professor Michael K Danquah; Mrs. Florence Wong; Industry/Guest Speakers Bentley: M.O.Tade@curtin.edu.au Miri: mkdanquah@curtin.edu.my

Your lecturer or tutor:

Email:

The teaching staff will assist you with your learning and any problems or difficulties you may be experiencing while undertaking this unit. They will also mark your assignments and provide feedback in relation to your progress in this unit.

UNIT COORDINATOR
Every unit also has a person who is responsible for the overall administration of that unit. This person is the Unit Coordinator. If you cannot contact the person who is teaching you (named above) or if you have further queries about this unit, you may wish to contact the Unit Coordinator for this unit. Their contact details are below: Bentley: Professor Moses O Tad Miri: A/Professor Michael K. Danquah Bentley: M.O.Tade@curtin.edu.au Miri: mkdanquah@curtin.edu.my Flexible through emails and appointments.

Unit Coordinator:

Email:

Contact Hours:

UNIT SYLLABUS
For Bentley students, the content of this unit will be fully delivered by BP Oil Refinery Ltd and Alcoa World Alumina Ltd personnel as they have done over the past many years. Their contributions and experience provide some of the necessary practical relevance of the various components of the units (subjects) that the students have done throughout their 4-year study within the context of the learning objectives described above. BPs section covers Plant Management using relevant examples, teamwork, etc. A continuous assessment method is used for this section. These assessments constitute 50% of the final mark. Alcoa's section covers practical engineering economics aspects and the delivery of the content involves mainly lectures and case studies by guest lecturers from Alcoa. The unit controller, Professor Tade, will set the 2-hour final exam for this section (75% of 50%) and the students are expected to write a fournal (10 typed pages) on at least 5 of the topics covered byh Alcoa (25% of 50%). The journal is required to ensure that the students attend most of the Alcoa lectures to prevent the embarrassing situations we had in the past. It is expected that the Miri Lecturer or Unit Controller will follow the same format as described

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above. As such, the Miri Unit Controller should approach relevant industries to assist in the delivery of the content of the unit.

LEARNING OUTCOMES
On successful completion of this unit you should be able to demonstrate your achievement of the following learning outcomes: 1. Introduction to the structure of national and international industry; market assessment, project management, production planning and cost control, financial resources and management, sales and marketing, quality control and risk management. Introduction to industrial relations and people management; safety and health; safety auditing; equal employment legislation; working with others; systems and system thinking.

2.

By undertaking this subject, students will progress in the development of the following qualities:

Student Attainment
Demonstrate understanding and competence in Maths and Computing at an appropriate level. Evident when students demonstrate: competence in the logic of mathematics together with an appreciation of the rigour, relevance and challenge of Mathematics competence in relevant computing and information-technology skills competence in the use of numerical and symbolic computational tools
Recognise the relationship between Science and Engineering and invoke basic scientific principles to analyse elementary engineering applications. Evident when students demonstrate:

Indicative % of this unit

ENGINEERING FUNDAMENTALS

competence with respect to scientific reasoning recognition of the relationship between science and engineering

Understand the basis constructs of the design process and apply these principles in representative design exercises Use engineering judgement in both quantification and elementary modelling.

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Student Attainment
Structure engineering problems into a sequence comprising identification, formulation, solution and impact and implement this approach in representative problems.

Indicative % of this unit

10

LEARNING SKILLS

Apply independent study and time management skills that will enhance learning capabilities in subsequent years of study and, later, in professional life. Evident when students demonstrate the development of:
critical skills permitting self-evaluation of completed tasks independent learning the ability to think laterally the ability to follow a systematic path of reasoning an understanding of the foundations, evolution and limits of knowledge in selected areas self reflection and self confidence an awareness of the diversity, richness and value of other disciplines.

10

5 5 5

5 5

Make an informed decision as to which engineering stream best serves their individual career aspirations. Demonstrate a range of effective engineering communication skills
PROFESSIONAL PRACTICE

10 10 15

Collaborate effectively in, and identify the working-benefits of, multi-disciplinary and multi-cultural teams Show an appreciation of the role and responsibilities of professional engineers in society and understand the need for sustainable development Show an awareness of professional and ethical responsibilities and argue the need for such Show an awareness of Occupational Health and Safety issues as they apply during study at University and in professional practice

10 10

LEARNING ACTIVITIES
Lectures; case studies and discussions, etc.

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STUDENT FEEDBACK

We welcome your feedback as one way to keep improving this unit. Later this semester, you will be encouraged to give unit feedback through eVALUate, Curtins online student feedback system (see http://evaluate.curtin.edu.au).

LEARNING RESOURCES
None.

TEXT BOOK
You will need to purchase the following textbook in order to complete this unit: None.

Recommended Texts:
None.

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ASSESSMENT DETAILS
Assessment Summary
The assessment for this unit consists of the following items. Process Management Module Economics module 50% 50% (continuous assessment) (2 hour final exam set by Professor Tad plus journal)

Awarding of Grades:

Overall pass mark is 50% for both modules.

Assessment Task Details

Reflective journals and exam.

Supplementary and Deferred Assessments

Students granted a Supplementary or Deferred assessment will be notified via OCC. Please also note that the failure to attend the examination/assessment on the day and time set will result in a fail for the unit. Under no circumstances will alternative arrangements be made to suit individuals.

Referencing Style
Curtin Engineering advises students that Curtin University supports the "Chicago Referencing Style" for written work and oral presentations. For a guide to this style please see http://library.curtin.edu.au/referencing/index.html However, students are permitted to use other recognised styles that appear in the Engineering literature. Note also that individual lecturers can stipulate that a particular style is used when it best matches the type of work in the assessment of the particular unit.

Awarding of Grades
To pass this unit you must: Achieve a grade/mark greater than or equal to 5/50. An overall mark of 50% in all assessments as bove is the pass mark for this unit. The final exam will be held during the formal examination period and is for 2 hours. It is the students responsibility to check the date and time of the final exam. Official release results for this unit Pass are published on Oasis on the Curtin web site.

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STUDENTS RIGHTS AND RESPONSIBILITIES

It is the responsibility of every student to be aware of all relevant legislation, policies and procedures relating to their rights and responsibilities as a student. These include: the Student Charter, the Universitys Guiding Ethical Principles, the Universitys policy and statements on plagiarism and academic integrity, copyright principles and responsibilities, the Universitys policies on appropriate use of software and computer facilities, students responsibility to check enrolment, deadlines, appeals, and grievance resolution, student feedback, other policies and procedures electronic communication with students

See www.students.curtin.edu.au/administration/responsibilities.cfm for comprehensive information on all of the above.

ADDITIONAL INFORMATION
Telephone Contacts:
If you have a query relating to administrative matters such as: requests for deferment of study difficulties with accessing online study materials obtaining assessment results

Please contact your Unit Coordinator:

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UNIT STUDY CALENDAR

Semester 2 2013

Aim
This module of the course aims to introduce final year chemical engineering students to contemporary issues facing industry.

Module Outcomes
At the end of this module the student will recognize that the management of a plant is only possible by managing the relationships of the people involved.

Student Expectations
The student is expected to attend all lectures and participate as requested.

Assessment
Assessment is by course work. This course work contains two elements:

Individual Reflective Journal 30%

The reflective journal is a written record of the students insight to the material presented in the course. The journal should include: 1. 2. 3. 4. 5. Notes made by the student after each of the lectures Evidence of legible, well stated observations and personal reflections on each lectures content. Evidence of some further insight from other sources; from literature, media (TV or newsprint) or group discussion. Each week should be clearly dated and indexed. References should be clearly stated.

Group work (completed in the lectures) 20%

For the group work, the students are required to research on company of their choice and generate report on the operational strength of the company in relation to diversity, quality system, sales and marketing, procurement and health and safety.

Contact
Miri students are encouraged to contact the course facilitator should they have any questions or they are unable to attend a lecture Contact can be made by email to A/Prof. Michael K Danquah, mkdanquah@curtin.edu.my Mrs. Florence Wong, Florence.wong@curtin.edu.my

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Fair assessment through moderation

Moderation describes a quality assurance process to ensure that assessments are appropriate to the learning outcomes, and that student work is evaluated consistently by assessors. Minimum standards for the moderation of assessment are described in the Assessment Manual, available from policies.curtin.edu.au/policies/teachingandlearning.cfm

Late penalties
Late Assessment Policy

This ensures that the requirements for submission of assignments and other work to be assessed are fair, transparent, equitable, and that penalties are consistently applied. All assessments which students are required to submit will have a due date and time specified on the Unit Outline. Accepting late submission of assignments or other work will be determined by the unit coordinator or Head of School and will be specified on the Unit Outline. If late submission of assignments or other work is not accepted, students will receive a penalty of 100% after the due date and time ie a zero mark for the late assessment. If late submission of assignments or other work is accepted, students will be penalised by ten percent per calendar day for a late assessment submission (eg a mark equivalent to 10% of the total allocated for the assessment will be deducted from the marked value for every day that the assessment is late). This means that an assignment worth 20 will have two marks deducted per calendar day late. Hence if it was handed in three calendar days late and marked as 12/20, the student would receive 6/20. An assessment more than seven calendar days overdue will not be marked . Work submitted after this time (due date plus seven days) may result in a Fail - Incomplete (F-IN) grade being awarded for the unit.

References
Guns Germs and Steel: A Short History of Everybody for the Last 1300 Years; Jared Diamond The Fifth Discipline, Peter M Senge Leadership and the New Science, Wheatley Industrial Relations A Contemporary Analysis, Deery, Plowman, Walsh and Brown

Plagiarism
Plagiarism occurs when work or property of another person is presented as one's own, without appropriate acknowledgement or referencing. Plagiarism is a serious offence. For more information refer to academicintegrity.curtin.edu.au.

Plagiarism Monitoring
Work submitted may be subjected to a plagiarism detection process, which may include the use of systems such as 'Turnitin'. For further information, see academicintegrity.curtin.edu.au/students/turnitin.cfm.

Additional information
The assessment for this unit consists of the following items: Plant Management Module - 50% (continuous assessment by BP staff) Economics Module - 50% (2 hour final exam) Awarding of grades : overall pass mark is 50% for both modules.

Enrolment:
It is your responsibility to ensure that your enrolment is correct - you can check your enrolment through the eStudent option on OASIS, where you can also print an Enrolment Advice.

Supplementary/Deferred Exams:
Supplementary and deferred examinations will be held at a date to be advised. Notification to students will be made after the Board of Examiners meeting via the Official Communications Channel (OCC) in OASIS. It is the student's responsibility to check their OASIS account on a weekly basis for official Curtin correspondence. If your results show that you have been awarded a supplementary or deferred exam you should immediately check your OASIS email for details.

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Student Rights and Responsibilities

It is the responsibility of every student to be aware of all relevant legislation, policies and procedures relating to their rights and responsibilities as a student. These include: the Student Charter the University's Guiding Ethical Principles the University's policy and statements on plagiarism and academic integrity copyright principles and responsibilities the University's policies on appropriate use of software and computer facilities Information on all these things is available through the University's "Student Rights and Responsibilities website at: students.curtin.edu.au/rights.

Disability
Students with a disability or medical condition (e.g. mental health condition, chronic illness, physical or sensory disability, learning disability) are encouraged to seek advice from Disability Services www.disability.curtin.edu.au. A Disability Advisor will work with you and liaise with staff to identify strategies to assist you to meet unit (including fieldwork education) and course requirements, where possible. It is important to note that the staff of the university may not be able to meet your needs if they are not informed of your individual circumstances.

Recent unit changes

We welcome feedback as one way to keep improving this unit. Students are encouraged to provide unit feedback through eVALUate, Curtin's online student feedback system (see evaluate.curtin.edu.au/info/). Recent changes to this unit include:Nil

Unit Content
1. Introduction. History of Alcoa, Structure of the Company, Company values, Key achievements 2. Sales Marketing. Where are our markets; Developments; Method of marketing; Competitors; Types of products; Commercial issues (transport, invoicing, payments, etc); New product development (links to project management, etc) 3. Quality. Quality systems and tools; Concepts of value adding; Customer focus; Impact of quality on business; Inventory Management 4. Procurement. The role and nature of Procurement as an emerged profession; The interaction of Procurement & Engineering; Strategic Sourcing including the globalised world of Procurement; Strategic management of a supply chain; The current and future role of Procurement in cost control and business process efficiency improvement 5. Business and the Engineer. Life of an engineer and the business; Management skills needed to succeed; Technical data and links to commercial data 6. Project Management. Feasibility Study; Project Evaluation; Cash Flows; Risk Management; Project Review 7. Operating Accounting (Management Accounting). Planning and budgeting; Account Numbers; Capital vs expense; Reporting; Cost Management; Links to Supply etc (one input, paperless) 8. Financial Accounting. Tax issues (Capital gains, capital vs expense, franking); Links between operating and financial accounting; P and L and balance sheets (use of A of A as worked example); Ratios and how to use; Importance 9. Risk Management. Hazard Risk; Safety; Loss Prevention; Project Risk Management; Insurance 10. Treasury. International Finance; Cash Management; Loan Management; Treasury Risks

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Schedule for lectures: Time and Venue: Wednesdays 9:30am-12:30pm , GP2 101
Teaching Week 1. 2. 12 August Unit Overview: No ChE 423 Lecture A/Prof. Dr. Michael Danquah Begin Date Lecture Lecturer/Speaker Assessment Due Dates

Introduction to Process Economic and Management.

TBA

3.

19 August

Introduction to Key Industry (Shell) Sales and Marketing

4.

26 August

TBA

Teaching Free Week 5. 6. 7. 9 September 16 September 23 September Business and the Engineer Quality and Quality systems Procurement TBA TBA TBA Due Date: Assignment (Reflective Journal)

Teaching Free Week 8. 9. 7 October 14 October Project Management Operating Accounting (Management Accounting) Financial Accounting Risk Management TBA TBA

10. 11.

21 October 28 October

TBA A/Prof. Dr. Michael Danquah TBA

12. 13.

4 November 11 November

Treasury Revision and Exam Preparation

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Please note that any of the schedule for the above topics could change due to their work commitments of speakers. Make up Lectures when required will be on Mondays 4:30pm-6:30pm, LTBS LT1

References Richard Hill and George Solt: Engineering Money Financial Fundamentals for Engineers; Wiley, 2010. END OF UNIT OUTLINE

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