This module introduces the theory and practical elements of product development and prototyping. It is structured to provide a deeper understanding of how...

Product Development and Prototyping (MSIN0087)

This module introduces the theory and practical elements of product development and prototyping. It is structured to provide a deeper understanding of how product development takes place within new ventures and established enterprises.
Covering both product and service development, across physical and digital domains, the module covers the strategies, processes, tools and techniques to research, ideate, design, prototype and validate new propositions. Designed to be immediately practical, it examines different stages of product development, from the product idea to eventual launch, and draws from a diverse range of industries and settings.
The module combines interactive lectures, workshops, and group exercises alongside external speakers sharing their experiences and challenges.

By the end of the course students will be able to:
- Explain and evaluate different approaches to product and service development.
- Shape ideas into products that generate value for the customer and organisation.
- Use different techniques to rapidly ideate, design, test, and iterate new products and services.
- Understand the principles, complexities, constraints and implications of developing new products and services.

This module provides an understanding of key issues and applied methodologies relating to management accounting frameworks used by managers when faced with...

Management Accounting for Engineers (MSIN0066)

This module provides an understanding of key issues and applied methodologies relating to management accounting frameworks used by managers when faced with making financial decisions in the context of the business environment. The focus is on information for cost management, budgetary control, and short and longer term financial decision making. That information enables managers to plan for and subsequently control operations. It examines the blend of financial analysis and managerial judgment required to make sound decisions. In particular there is an emphasis on issues in overhead cost recovery; contribution costing and CVP analysis; costing issues in the context of a competitive environment, including activity based costing (ABC); relevant costs for decision making; core investment appraisal techniques (ARR, Payback, NPV and IRR); budgetary control, variance analysis, standard costing.