Executive Diploma in Engineering Management

Welcome to course: Executive Diploma in Engineering Management by MTF Institute

Course provided by MTF Institute of Management, Technology and Finance

MTF is the global educational and research institute with HQ at Lisbon, Portugal, focused on business & professional hybrid (on-campus and online) education at areas: Business & Administration, Science & Technology, Banking & Finance.

MTF R&D center focused on research activities at areas: Artificial Intelligence, Machine Learning, Data Science, Big Data, WEB3, Blockchain, Cryptocurrency & Digital Assets, Metaverses, Digital Transformation, Fintech, Electronic Commerce, Internet of Things.

MTF is the official partner of: IBM, Intel, Microsoft, member of the Portuguese Chamber of Commerce and Industry.

MTF is present in 208 countries and has been chosen by more than 400 000 students.

What is Engineering Management?

Engineering management skillfully blends engineering’s technical problem-solving prowess with the administrative, planning, and organizational savvy of management. Engineering managers oversee complex projects that involve technological aspects. They ensure that these projects:

• Align with company goals.
• Stay within budget.
• Are finished on time.
• Are of high quality.

Main Areas and Functionality of Technical and Engineering Top Managers

Technical and engineering top managers focus on the following core areas:

• Project Management: Initiating, planning, executing, monitoring, and closing projects. They focus on resource allocation, timeline adherence, and risk management.
• Team Leadership: Guiding teams of engineers, motivating them, hiring new talent, resolving conflicts, and fostering a productive, collaborative work environment.
• Technical Expertise: Staying current on industry trends and new technologies within the engineering field. Being capable of understanding complex technical concepts and making informed decisions about engineering-related matters.
• Operations Management: Optimizing processes, supply chain logistics, production systems, and resource utilization to ensure efficiency and high quality output.
• Budgeting and Finance: Developing and managing project budgets, tracking expenses, and ensuring financial accountability.
• Strategic Planning: Working with upper management to set long-term goals for the engineering department and the organization, aligning technical plans with overall business strategy.
• Communication and Collaboration: Facilitating communication between engineers, other departments (sales, marketing, etc.) and with stakeholders.

How Developing Skills in Engineering Management Supports Career Building

Here’s how enhancing your engineering management skills fuels career growth:

• Increased Demand: Organizations need well-rounded engineers who can also manage people, resources, and complex projects effectively.
• Higher Salaries: Engineering managers often command higher compensation packages.
• Leadership Opportunities: Strong engineering management skills open doors to leadership positions such as engineering director, CTO, or even higher-level executive roles.
• Cross-Industry Value: The skills learned in engineering management are versatile and can be applied across various industries and sectors.