Cost Management of Engineering Projects
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Follow on Instagram for UpdatesCost Management of Engineering Projects Syllabus — Unit-wise Content
The official GTU curriculum for Cost Management of Engineering Projects (subject code ME03000171) as prescribed for AMS · Semester 3 divides the course into 6 units, covering 62 listed topics. The unit-wise breakdown below is read from the GTU syllabus document for this subject code, so you can check what the course actually covers before deciding which papers to attempt.
Download the official syllabus PDF (ME03000171)Unit 1 Introduction and Overview of the Strategic Cost Management Process
- Cost concepts in decision-making
- relevant cost
- Differential cost
- Incremental cost and Opportunity cost
- Objectives of a Costing System
- Inventory valuation
- Creation of a Database for operational control
- Provision of data for Decision-Making
Unit 2 Cost Behavior and Profit Planning Marginal Costing; Distinction
- between Marginal Costing and Absorption Costing
- Break-even Analysis
- Cost-Volume-Profit Analysis
- Various decision-making problems
- Standard Costing and Variance Analysis
- Pricing strategies: Pareto Analysis
- Target costing
- Life Cycle Costing
- Costing of service sector
- Just-in-time approach
- Material Requirement Planning
- Enterprise Resource Planning
- Total Quality Management and Theory of constraints
- Activity-Based Cost Management
- Bench Marking
- Balanced Score Card and Value-Chain Analysis
Unit 3 Budgetary Control; Flexible Budgets; Performance budgets; Zero-
- based budgets
- Measurement of Divisional profitability pricing decisions including transfer pricing
Unit 4 Quantitative techniques for cost management
- Linear Programming
- Transportation problems
- Assignment problems
- Learning Curve Theory
Unit 5 Engineering Project
- Different types
- why to manage
- cost overruns centres
- various stages of project execution: conception to commissioning
- Project execution as conglomeration of technical and nontechnical activities
- Detailed Engineering activities
- Pre project execution main clearances and documents Project team: Role of each member
- Importance Project site: Data required with significance
- Project contracts
- Types and contents
- Project execution Project cost control
- Bar charts and Project commissioning
Unit 6 Project Management
- Network Scheduling
- Critical Path Method
- Program Evaluation & Review Technique
- Planning and Scheduling of Activity Networks
- Assumptions in PERT Modelling
- Time-cost Trade-offs
- Linear Programming and Network Flow Formulations
- PERT/COST Accounting
- Scheduling with limited resources
- Resource Planning
- Resource Allocation
- Project Schedule Compression
- Project Scheduling Software
- Precedence Diagrams
- Decision CPM, Generalized Activity Networks
- Estimation of Project Costs
- Earned Value Analysis
- Monitoring Project Progress
- Project Appraisal Program Name: Master of Engineering Level: PG Subject Code : ME03000171 Subject Name :Cost Management and Engineering Projects and Selection
- Recent Trends in Project Management
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