Performance Management in the Industrial Environment (10ECTS)

Objective

The student will understand methods and theory of process and business performance development. He/She is able to participate to development projects. The student understands and is able to use economics calculation methods to support process and business development. He/she is able to design process diagrams and descriptions with general tools and understands role of motivation and compensations in part of the performance development.

Content

• Basic concepts and terminology of process mapping and development
• Performance development and building the scorecards.
• Compensation methods
• Knowledge and information management
• Process design and development
• Strategic cost management and value chain analysis
• Investment calculations
• Development project

Assessment criteria, satisfactory (1)

The student understands the principles of process development. He/she is able to define processes and to analyze them and give new ideas. He/she able to manage satisfactory the given economics calculation assignments.

Assessment criteria, good (3)

The student understands the principles in process development. He/she is able to define processes and analyze them and give new well defined ideas. He/she able to manage well the given economics calculation assignments

Assessment criteria, excellent (5)

The student understands how organizational processes are developed and is able to define them well. He/she is able to utilize process development methods, can analyze and plan new solutions. The student is an active team member in the project work. He/she able to manage praiseworthy the given economics calculation assignments.

Assessment criteria, approved/failed

The student understands the principles of process development. He/she is able to define processes and to analyze them and give new ideas. He/she able to manage satisfactory the given economics calculation assignments