W8_Doyin_Career Path Decision

W8_Doyin_Career Path Decision

1. Problem Recognition, Definition and Evaluation

 With registration for AACE 2012 Oct Class for technology transfer and professional certifications, what are the short term benefits in career path decision making as an Engineer?

2.       Development of Feasible Alternatives

I. Employment as a Project Engineer

ii. Employment as a Business Development Manager

iii. Immigration Consultant.

3.       Development of the outcomes and cash flows for each alternative: These alternatives will be      considered based on the following attributes.

·         Remuneration

·         Fringe Benefits

·         Working conditions

·         Professional Experience

·         Working Environment

·         Networking

·         Career Growth and Development

  

4.       Selection of Criteria  

Table 1. Alternatives

Attribute	PE	BDM	IC
Remuneration Starting /Annum	$30,750	$20,250	$18,750
Fringe Benefit/Annum	$1,500	$8,250	$8,250
Working Conditions	Fair	Good	Good
Professional Experience	Excellent	Fair	Poor
Working Environment	Excellent	Fair	Fair
Career Growth and Development	Excellent	Poor	Poor

All these attributes are very important.

5.  Analysis and comparison of the alternatives: This is done by using non-compensatory model called Dominance to evaluate each alternative; Project Engineer is the preferred alternative.

Using another non compensatory model called Satisficing

Table 2- Feasible Range.

Attribute	Minimum	Maximum
Remuneration/annum	$19,000	$100,000
Fringe Benefit/Annum	$8,000	$20,000
Working Conditions	Fair	Excellent
Professional Experience	fair	Excellent
Working Environment	Fair	Excellent
Career Growth and Development	fair	Excellent

Comparing table 1 with the Acceptable Standards, Project Engineer and Business Development Manager falls in the acceptable Standards

Table 3 Non Dimensional Scaling

Attribute	PE	BDM	IC
Remuneration/annum	1	0.125	0
Fringe Benefit	0	1	1
Working Conditions	0	1	1
Professional Experience	1	0.25	0
Working Environment	1	0	0
Career Growth and Development	1	0	0
TOTAL	4.0 BEST	2.37	2.0

                                              

 6.      Selection of the preferred alternative

The best Alternative is Project Engineer where all the skills and knowledge of AACE is applicable

7.       Performance Monitoring.

      The deliverable of the project engineer vis a Avis progress report on AACE program. 

     

    My Observation: The multiattribute decision making method using both the compensatory and non compensatory models gives an excellent assurance on your decision making. Also no single model can be applied in isolation they complement each other which further gives credibility to your decision making.

8.       References

1. Sullivan,W.G, Wicks,E.M, & Koelling, C.P (2012). Engineering Economy (15^th edition.)(Chapter 14) New Jersey, NJ. Pearson Higher Education, Inc. (pp 578 to 584)

2. Giammalvo, P.D (2012, October 22). Integrated portfolio (asset), program (operations) and project management methodology course (Power Point slides) (An AACE methodology course).  Day 1 (pp 29 &30) Lagos.  Nigeria.

3. Orczyk, J.J (2010) Skills and Knowledge of Cost Engineering (Revised 5th edition) (Chapter 14) Progress measurement and Earned Value.(pp 14.1)