TCE

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

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.