ENGINUITY 2018 - virtmansim.co.uk

1 THE BUSINESS MANAGEMENT COMPETITION FOR THE CONSTRUCTION INDUSTRY OVERVIEW: 2-3 WHY TAKE PART: 4 TARGET AUDIENCE: 5 TESTIMONIAL: 5 THE STORY SO FAR: 6-7 COMPETITION SCHEDULE: 8 KEY INFORMATION: 8 ENGINUITY 2018 "Managing The Global Construction Business" THE CHALLENGE The ENGINUITY 2018 Competition provides management and leadership training that is relevant and appropriate for construction professionals worldwide. Participants are given the opportunity to experience the challenges that face their corporate management, and pits them against their colleagues and peers in a unique business management challenge.

2 Using a sophisticated computer simulation, competing teams are given the task of managing a fledgling UK-based global construction business from 2018 onwards. OVERVIEW 2 STRATEGY AND DECISION MAKING To grow the business the new management team will need to devise an effective business strategy, and implement it by making decisions in a number of key areas, including finance, marketing, overheads, procurement and job progression. Decisions are made for a period, representing 3 months, or a quarter, in the real world. ASSESSING PERFORMANCE A league table is used to measure the relative performance of each team, using a number of Key Performance Indicators.

3 The league table is published on the website at the end of each round, but only shows the total of each team s KPIs. 3 THE GLOBAL ECONOMY The simulated global economy is based upon the real world . JOBS There are jobs worldwide in 5 sectors :- Industrial Building and Commercial Transport Energy Water and Sewage with clients, people and rival competitors globally. WORLD EVENTS There are Economic, Political and Environmental world events that can impact upon the business, such as :- Reports from the IMF, CBI and other organisations Currency fluctuations between countries Shortages of skilled labour Brexit and elections in different countries Civil unrest and conflicts across the globe Russia-Ukraine gas dispute Climate variations around the world WORLD NEWS Information is critical for re-evaluating business strategy, and to reflect this world news, based upon current and future world events, is available from ENN, the ENGINUITY NEWS NETWORK.

4 4 WHY TAKE PART 5 TARGET AUDIENCE TESTIMONIAL "From the very first moment I heard about the ENGINUITY Competition I knew it would be a stimulating challenge full of learning, networking, competitiveness and enjoyment. Indeed, I have developed my commercial awareness and gained essential business management skills. What makes ENGINUITY so unique is that you are managing a global construction business, which is relevant both for our business, and most of the sponsors of other teams taking part. The simulation allows participants to manage resources and understand the importance of contract completion and financial implications of delays.

5 On the bidding side, I learned how to estimate project risks and translate them into financial perspective as part bid submission while maintaining competitiveness on the market. Team meetings are a great opportunity to develop soft skills such as communication and presentation, networking and team building. These are only a few aspects of learning and training relevant to continuous professional and personal development objectives that a participant can benefit from during competition. ENGINUITY helped me better understand many facets of global engineering business management and I would recommend it to any emerging professional as well as experienced engineers seeking to develop their Business management skills.

6 " Michail Gordijenko (WSP) 6 THE STORY SO FAR 2017: "NEVER TELL ME THE ODDS" ARE crowned champions The international field of 200+ teams included entrants from the UK, Europe, Middle East, Asia Pacific and the Americas, emphasising the wide ranging and global appeal of the ENGINUITY competition. After the 8 weekly Preliminary Rounds, which took place between March and April, 12 teams qualified for the Final, with the largest sponsor WSP well represented, along with teams from Beca, MWH now part of Stantec, Parsons Corporation, Ramboll and the Robert Bird Group.

7 The finalists were spread globally, with 1 from Australia, 3 teams from the UK, 3 from New Zealand and 5 from the United States. With just over 200 points between the finalists, another highly competitive final was in store. The final, played over a further 6 rounds, saw lots of ups and downs, but ultimately it was "Never Tell Me The Odds" from WSP who deservedly emerged victorious as the ENGINUITY 2017 champions , and the first winning team from the United States. The members of the winning team, Vincent Favale, Brendan Tyler, Matthew Beller and Joseph Salvo, each received a cash prize, engraved crystal award and certificate of achievement.

8 7 2016: "OPM " WSP | Parsons Brinckerhoff (UK) Bogdan Kosanovic Svetlana Krstic Milos Mitrovic Jelena Jovanovic Branislav Jelkic 2015: "Newbee" AECOM (UK) Jian Yu Roshni Wijesekera Aby John 2014: "Aspire Bridges" Parsons Brinckerhoff (UK) Hossam Mustafa Ben O Connor Ren Fu Nicolas Geroudes Chris Scholes 2013: "Pbers" Parsons Brinckerhoff (UK) Chris Gregory, Matthew Lupton, Michail Gordijenko, Christopher Chung 2012: "Macaronage" Independent (New Zealand) Kevin Ng, Ying Yang, Ijma Pradhan, Jason Lim 2011: "Will it Wobble" Campbell Reith Consulting Engineers (UK) Steve Tresise, Simon Foakes, Rhyadd Watkins, Neal Murphy, Michael Jakacki, Sam Cherrett 2010.

9 "Fluor 1" Fluor (Holland) Emmett Lang Valle, Ana Franco Domingo, Robbert Henrichs, Oscar Schot, Sander Harink, Nicolas Aubin For further information please contact Mike Fletcher / +44 (0)1332 694351 8 KEY INFORMATION COST Only 300 (GBP) per team (maximum of 6 people in each team). PRIZES AND AWARDS Winning Team: Cash prize of 1,000 and personally engraved crystal awards Runners Up: A cash prize of 500, and personally crystal engraved awards All finalists: A laminated personalised certificate of achievement All competitors: A CPD training certificate COMPETITION SCHEDULE STAGE 1: THE PRELIMINARY STAGE This takes place over 8 weekly rounds during March and April, when each team competes for work against a number of 'fictional' rival companies.

10 STAGE 2: THE FINAL The leading 12 teams at the end of the Preliminary Stage will be invited to compete in the final, played over a further 6 rounds during May to determine the 2018 champions . During the final the teams compete against each other for not only work, but also the services of project managers. Virtual Management Simulations