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4.6 Business, Legal and Public Policy

The activities associated with business management and operations and the relevant local, state, federal, and international laws and regulations that impact engineering.

  • 4.6.1 Business
    • Identify and distinguish among the various kinds of engineering practices, including corporate, academic, government, consulting, and self-employment.
    • Create and maintain the policies and procedures for the planning, organization, supervision, and management of the maintenance and operation of engineered systems and works.
  • 4.6.2 Legal
    • Summarize the rationale for, and detailed requirements of, regulations pertinent to the individual's area of engineering practice.
    • Describe and interpret applicable codes in design and in construction or manufacturing.
    • Identify applicable standards and properly use those standards in preparing specifications before and during manufacturing and construction.
    • Prepare and interpret contract documents including coordinating plans, specifications, and construction contract provisions.
    • Recognize the ramifications of engineering decisions relative to professional and/or product liability.
  • 4.6.3 Public Policy
    • Identify and/or engage with the various types of policy-making bodies including administrative, legislative, private, and quasi-public pertinent to a specific area of practice.
    • Explain how codes and standards are set and how public policy affects their development.
    • Describe how public policy affects engineering practice in an engineering discipline.
Knowledge Areas

  • 4.6.4 Business
    • Private, industrial and public engineering practices
    • Closely-held and publicly-held corporations, partnerships, sole practitioners
    • Overhead, profit, direct and indirect labor, cost, revenue
    • Contracts, costing approaches, fee structures
    • Characteristics of markets
    • Cost and pricing of products
    • Fundamentals of accounting
  • 4.6.5 Legal and Public Policy
    • Applicable construction and manufacturing laws, regulations, standards and codes (e.g. OSHA regulations, MSHA mining regulations, Fire code of the National Fire Protection Association, National Electric Code, International Building Code, etc.)
    • National, state, local, and global requirements for industrial facilities
    • Pollution prevention regulations
    • Plans, specifications, and construction contract provisions