Budget and Project Economic Assessment

Garant předmětu:

Lecturer:

Tutor:

Supervisor:

Department of Management and Economics

Synopsis:

The goal of the course is to improve the knowledge gained within the basic bachelor's degree course Management and Economics of the Enterprise. The course focuses primarily on deepening of basic knowledge and skills in the creation and evaluation of the operational budget, proper preparation and evaluation of costing model for manufactured products and the economic evaluation of an investment project, as it corresponds to contemporary knowledge and the development of management methods and techniques. Students specify a simple fictional industrial or engineering company or its sub-section (preferably inspired by their practical experience, internships or training program in real company). The first student's task is to prepare a detailed plan and budget of a project (e.g. new product development, product or process innovation, etc.) focused on improvement of profitability, competitiveness or effectiveness of the company. The second task is cost calculation for chosen calculation unit. Last task within this course is the evaluation of economical effectiveness of the project described within the first task. The dynamic methods like Net Present Value (NPV), Internal Rate of Return (IRR) or Discounted Payback Period (DPP) are used for this evaluation. The quality of realization and presentation of the task's outputs together with the results of the test decides on granting / denial of credit.

Requirements:

Syllabus of lectures:

Syllabus of tutorials:

Study Objective:

The goal of the course is to improve the knowledge gained within the basic bachelor's degree course Management and Economics of the Enterprise. The course focuses primarily on deepening of basic knowledge and skills in the creation and evaluation of the operational budget, proper preparation and evaluation of costing model for manufactured products and the economic evaluation of an investment project, as it corresponds to contemporary knowledge and the development of management methods and techniques. Students specify a simple fictional industrial or engineering company or its sub-section (preferably inspired by their practical experience, internships or training program in real company). The first student's task is to prepare a detailed plan and budget of a project (e.g. new product development, product or process innovation, etc.) focused on improvement of profitability, competitiveness or effectiveness of the company. The second task is cost calculation for chosen calculation unit. Last task within this course is the evaluation of economical effectiveness of the project described within the first task. The dynamic methods like Net Present Value (NPV), Internal Rate of Return (IRR) or Discounted Payback Period (DPP) are used for this evaluation. The quality of realization and presentation of the task's outputs together with the results of the test decides on granting / denial of credit.

Study materials:

Note:

Further information:

No time-table has been prepared for this course

The course is a part of the following study plans:

• 02 098 NSTI ENE 2012 základ (compulsory elective course)
• 03 103 NSTI PTE 2012 základ (compulsory course in the program)
• 04 109 NSTI DLTT 2012 zaměření MV (compulsory course in the program)
• 05 109 NSTI DLTT 2012 zaměření SM (compulsory course in the program)
• 06 109 NSTI DLTT 2012 zaměření KV (compulsory course in the program)
• 07 109 NSTI DLTT 2012 zaměření LT (compulsory course in the program)
• 08 109 NSTI DLTT 2012 zaměření TT (compulsory course in the program)
• 10 121 NSTI VSZ 2012 základ (compulsory course in the program)
• 12 131 NSTI PRT 2012 základ (compulsory elective course)
• 14 141 NSTI AME 2012 základ (compulsory course in the program)
• 15 141 NSTI MCH 2012 základ (compulsory course in the program)
• 16 151 NSTI BLP 2012 základ (compulsory course in the program)