Master of Engineering Management Flashcards
7 cards from real ME or MEng Master of Engineering practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Master of Engineering Management flashcards as text
An engineering manager is conducting a stakeholder analysis. Which group should typically receive the most intensive engagement strategy?
Answer: High power, high interest stakeholders
High power / high interest stakeholders can both block the project and are engaged enough to do so — they require the most active management and communication.
Which contract type transfers the most cost risk to the contractor rather than the buyer?
Answer: Firm Fixed Price (FFP)
Under FFP, the contractor bears all cost overrun risk because the price is locked regardless of actual expenses, incentivizing efficient performance.
A Six Sigma project is in the 'Analyze' phase of DMAIC. The primary goal of this phase is to:
Answer: Identify and verify the root causes of the defect
The Analyze phase uses tools like fishbone diagrams, regression, and hypothesis tests to determine and confirm the true root causes driving process defects.
Engineering managers applying the Theory of Constraints (TOC) should focus improvement efforts on:
Answer: The system's bottleneck resource that limits throughput
TOC holds that every system has at least one constraint limiting its output; improving non-bottleneck steps provides no throughput gain until the constraint is addressed.
When conducting a cost-benefit analysis for a capital project, which discount rate should an engineering manager typically use?
Answer: The company's weighted average cost of capital (WACC)
WACC represents the minimum return required by the firm's investors and is the standard hurdle rate for discounting future cash flows in NPV analysis.
In technology roadmapping, the primary purpose of a product-technology roadmap is to:
Answer: Align technology development timelines with future product needs
Technology roadmaps link anticipated product requirements to the R&D investments and capability milestones needed to fulfill them at the right time.
An engineering manager implementing an Agile approach in a hardware development program should recognize that the biggest adaptation challenge is:
Answer: Accommodating long physical prototype and test cycles within sprint cadences
Hardware iterations involve physical build, test, and redesign cycles that take weeks or months, making short sprint cadences difficult to apply without adaptation.