Course Overview

This course covers the core principles that enable participants to analyze costs effectively. 


Learning Objectives

During this course, you will learn the fundamental concepts of cost engineering in manufacturing, including:

  • Overall Equipment Effectiveness (OEE)
  • Machine capacity
  • Machine hourly rate
  • Labor hourly rate
  • Setup costs
  • Manufacturing costs for universal machines
  • Manufacturing costs for project dedicated machines
  • Technology cost comparison between manual and automated assembly lines for different volume scenarios
  • Product cost breakdown
  • Purchased parts costs
  • Raw materials costs
  • Tooling costs
  • Investment costs
  • Company overhead cost structure
  • Single component cost breakdown
  • Assembly product cost breakdown
  • Process flowchart
  • Assembly line balancing
  • Assembly line time study
  • Assembly line layout
  • Assembly line costs
  • Complete 2,5-hour case study - Electric shaver cost estimation (BOM, tooling, investments, assembly line concept & costs, overheads, project costs, cost breakdown structure)


Who Should Take This Cost Engineering Course?

This course is ideal for individuals or teams looking to solidify their understanding of cost engineering fundamentals. It is particularly valuable for:

  • Professionals in manufacturing and engineering fields seeking to enhance their cost management skills.
  • Project managers aiming to optimize project costs and improve financial decision-making.
  • Anyone involved in financial analysis and budgeting within manufacturing environments.
  • Students and recent graduates preparing for careers in cost estimation, project management, or financial analysis in engineering sectors.


Course Format and Tools

Participants will gain hands-on experience in calculating machine hourly rates, analyzing project-specific costs, and comparing different manufacturing processes. By the end of this course, you will possess the skills and confidence to effectively manage and optimize costs in manufacturing projects, enhancing your professional capabilities in cost engineering.

Course curriculum

    1. How to Calculate Overall Equipment Effectiveness

    2. How to Calculate Machine Capacity

    3. How to Calculate Machine Hourly Rate

    4. How to Calculate Labor Hourly Rate

    5. How to Calculate Setup Costs

    1. How to Calculate Manufacturing Costs - Universal Machine

    2. How to Calculate Manufacturing Costs - Project Dedicated Machine

    3. Technology Cost Comparison - Manual vs Automated Assembly Line

    1. Product cost breakdown - Theory

    2. Case Study Introduction - Single Component Cost Breakdown

    3. Case Study - Single Component Cost Breakdown

    4. Case Study Introduction - Assembly Product Cost Breakdown

    5. Case Study - Assembly Product Cost Breakdown

    1. Manufacturing Company Overhead Cost Structure Calculation

    1. RFQ - Electric Shaver - General Information

    2. Process Flowchart Creation

    3. The Bill Of Materials Cost Structure - Purchased Parts, Raw Materials and Manufacturing Costs

    4. Tooling & Investments Cost

    5. Assembly Line Balancing - Theory

    6. Assembly Line Balancing

    7. Assembly Line Capacity & Detailed Time Study - MTM UAS Method

    8. Assembly Line Layout Planning

    9. Assembly Line Costs

    10. Project Costs

    11. Product Cost Breakdown and Capital Expenditure Review

About this course

  • €1.299,00
  • 25 lessons
  • 6.5 hours of video content

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