THE INSTITUTION OF ENGINEERS (INDIA) AND ITS CERTIFICATION COURSES

The Institution of Engineers
The Institution of Engineers

The Institution of Engineers (India) [ICI] is one of the oldest & prestigious institutes for engineers. It provides various certification courses for its members (FIE/MIE/AMIE) and other experienced Engineers.

 

Here I have to explore them, which are very useful for experienced engineers to excel in their present career. A list of certifications & eligibility is mentioned here.

i) Chartered Engineer (CE)

ii) Professional Engineers (PE)

iii) International Professional Engineers (Int PE)

iv) Project Management Associates (IPMA) 

v) Executive Diploma in Cost & Management Accounting (ICAI) 

vi) Courses on Valuation (ICAI)

 

I. Chartered Engineer

As per the Declaration No.16 of the Royal Charter, 1935 and Clause 69(i) of the Bye-Laws & Regulations of the Institution, every Corporate Member (FIE/MIE/AMIE) is entitled to use the style and title of Chartered Engineer (India).

The Chartered Engineer certificate is often useful for the following purpose:-

To be empanelled as Valuer, Loss Assessor in various financial institutions like Bank, Insurance companies etc.

To be empanelled as Chartered Engineer in the Original Side of High Courts, Central Excise and Customs and other similar govt concerns.

To win the contract of civil works from Municipal Corporation and similar govt bodies.

To be employed and/or promoted in foreign companies.

To practice as a self-employed consultant in India and abroad.

In general, the Chartered Engineer certificate being issued by the IEI (which is one of the world’s oldest and largest professional bodies of Engineers), plays the role of recognition and acceptance of one’s techno-academic qualification and professional attainment on a global platform.

 

II. Professional Engineers (PE) Certification

Engineers whose qualification is BE / BTech or equivalent, recognized by the Statutory Authority or Government of India and who are having 5 years or more experience, having membership of a recognized professional society, and having maintained continuous professional development at a satisfactory level, can submit applications in the prescribed format to the PE Cell, The Institution of Engineers (India), 8 Gokhale Road, Kolkata-700020.

WHO CAN BECOME PE?

Having Bachelor’s Degree in Engineering or equivalent recognized by Statutory Authority or Government of India;

Minimum 5 years’, professional experience;

Membership of recognised professional engineering institution/association;

Maintained Continued Professional Development (CPD) at a satisfactory level;

 

WHY ONE SHOULD BECOME PE?

The function of IEI will be to grant an appropriate certificates of competence to individuals to practice as “Professional Engineers” and to develop the profession of Engineering and to regulate the profession through a “Code of Ethics”. In furtherance of these functions of the profession, it will be aimed that only a Professional Engineer, either working individually or in an organizational set-up will approve designs/drawings/ reports/ products before these are released for use by the public at large. Such certified professional engineers will be designated as Professional Engineers (PE).

 

III. International Professional Engineers (IntPE) Certification

WHO CAN BECOME INTPE?

Having Bachelor’s Degree in Engineering or equivalent recognized by Statutory Authority or Government of India;

Minimum 7 years, professional experience;

Minimum 2 years, professional experience in significant engineering activity;

Membership of recognised professional engineering institution/association;

Maintained Continued Professional Development (CPD) at a satisfactory level;

IPMA-The Institution of Engineers
IPMA

IV. Project Management Associates (PMA)

PMA is a registered Society, established in 1993, with the vision to ‘Create a Project Oriented India (POI)’, which fervently supports the objectives and initiatives of the Govt. of India.

PMA, a not-for-profit National Association of Project Managers in India is actively engaged in promoting excellence in Project Management across various sectors.

Under the recent ‘Make in India’ initiative, PMA strives to promote competence across different levels to facilitate successful completion of all projects.

Building skill development along with Project Orientation and Project Mindset across Industry, Academia and Government are undertaken by PMA through its Global and National level events, training, certification, membership, workshops etc.

Classroom trainings are conducted by independent Accredited Organizations/freelance individuals qualified for the task.

Recently, national-level Award Schemes have been constituted for promoting the spirit of excellence among Project Leaders and Organizations’ successfully implemented projects (www.pmaindia.org).

PMA is the Exclusive Indian Member of the International Project Management Association (IPMA), a Federation of 71 Member Associations. (www.ipma.world).

Appropriate best practices in Project Management learnt and shared by IPMA, from their wealth of experience and knowledge base, are passed over to various project practitioners and academia by PMA.

This helps to undertake time and cost effective endeavors thereby contributing to strengthening the Indian Economy.

IPMA’s 4 Level Certification system in Project Management is exclusively conducted in India by PMA through its Certification Body – PMA Cert.

More than 6500 professionals across a range of leading organizations in India, have been awarded IPMA Certifications. Efforts are on to bring in a wider network of stakeholders under the benefit of the competence-based certification program.

PMA has a wide network of Members. Ministry of Shipping and Road Transport & Highways, GoI and about 77 leading Corporates are PMA’s Life Members. With its headquarter at New Delhi, PMA’s wide network of 14 Chapters across India and a regional office in Southern India, lend robust support to its mission.

 

V. Executive Diploma in Cost & Management Accounting for Engineers

WHO CAN BE BENEFITTED FROM THE COURSE:

Engineering Graduates of any discipline, Front line Technocrats, Decision-makers. Engineers working on Commercial propositions like Bidding and Evaluations, Maintenance, Quality Engineering, Cost Engineering, etc.

Those who are interested to have a competitive advantage in their Engineering career by acquiring basic knowledge of cost & management accountancy, finance, and corporate laws.

 

ELIGIBILITY:

Engineering Graduates of any discipline / Final year Engineering Students (Executive Diploma will be awarded only after obtaining Engineering Degree).

Working Experience of 1-2 years will be added advantage.

 

Prospective benefits out of attending the course :

Understand and make use of the framework of costing in various managerial decisions.

Determine the products and services cost.

Understand the framework of accounting systems and financial reporting.

Gather fair knowledge of important ratios and their applications, working capital management.

Knowledge of the fundamentals of commercial contracts, agreements relevant for commercial decisions.

Obtain working knowledge on indirect taxes and application of the same in the industry.

Understand the essentials of project management, risk, mitigation and management of risk.

Gain an insight into treasury management, debtors management, and inventory management.

The Institution of Engineers-Valuation ICAI

VI. Course on Valuation ( ICAI)

IEI has entered into a new paradigm of learning and is one of the first engineering societies to offer a multitude of contemporary learning platforms.

At its centenary year, IEI has taken the lead for quality online learning to usher in a new era in digital education for engineering professionals in India!

As you are aware, IEI and The Institute of Cost Accountants of India have signed a MoU on 27 May 2019 to jointly conduct technical programmes and professional courses for the benefit of Members.

 

The Institute of Cost Accountants of India, Statutory Body under an Act of Parliament has promoted ICMAI Registered Valuers Organisation (RVO), a section 8 company under Companies Act, 2013, which is a recognized RVO under IBBI(Insolvency & Bankruptcy Board of India) to conduct educational courses on three different asset classes –

Land & Building,

Plant & Machinery and

Securities or Financial Assets.

 

The valuation profession has a long history in India. Different statutes and authorities require a valuation for different purposes and often prescribe the matter of such valuation.

There have been several attempts in the past to develop holistically an institutional arrangement that develops and regulates the profession of Valuers who can estimate the value of any asset with full responsibility.

It took a concrete shape with enactment of the Companies Act, 2013. Section 247 of the Act provides that where valuation is required to be done under the provisions of the Act, it shall be valued by a person who, having the necessary qualifications and experience, and being a Valuer member of a Registered Valuer Organisation (RVO), is registered as a Valuer.

The Central Government notified the commencement of Section 247 of the Companies Act, 2013 with effect from 18th October, 2017.

It has also notified the Companies (Registered Valuers and Valuation) Rules, 2017 (Rules), which provide for a complete framework for development and regulation of the profession of Valuers and the manner of valuation, including valuation standards and Code of Conduct for registered Valuers.

 

The Central Government delegated its powers and functions under section 247 of the Act to the Insolvency and Bankruptcy Board of India (IBBI) and specified the IBBI as the Authority under the said Rules.

 

So here is a wonderful opportunity for all eligible engineering professionals to enhance knowledge in the domain of Valuation (Plant & Machinery, Land & Building) for professional enhancement and employment opportunities!

Eligibility Criteria:

Courses

Eligibility/Qualification

Experience in a specified discipline.

Plant and Machinery(i) Graduate in Mechanical, Electrical, Electronic and Communication, Electronic and Instrumentation, Production, Chemical, Textiles, Leather, Metallurgy, or Aeronautical Engineering, or Graduate in Valuation of Plant and Machinery or equivalent;(i) Five years
(ii) Post Graduate on above courses.(ii) Three years
Land and Building(i)Graduate in Civil Engineering, Architecture, or Town Planning or equivalent;(i) Five years
(ii) Post Graduate on above courses and also in valuation of land and building or Real Estate Valuation (a two-year full time post-graduation course).(ii) Three years
Any other asset class along with corresponding qualifications and experience in accordance with rule 4 as may be specified by the Central Government.
Note.- The eligibility qualification means qualification obtained from a recognized Indian University or equivalent Institute whether in India or abroad.”

References

https://www.ieindia.org/webui/iei-Home.aspx

 

Request: If you are a Chartered or Professional Engineer Then please comment in the post about your practical experience. It would be beneficial to readers of this post, so mail us on rahulrainbow11@gmail.com or telegram us.

 

DISCLAIMER

Shown images & brief content used for illustrative purposes only. No Copyright infringement intended. The content has been taken from the Website of  The Institution of Engineers (India) [IEI]. The content is summarized only for illustrative purposes only.

rahulrainbow

Leave a Reply

Your email address will not be published.