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 ME03069021) as prescribed for CEE · Semester 3 divides the course into 5 units, covering 52 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 (ME03069021)Unit 1 Introduction
- Introduction and Overview of the Strategic Cost Management Process
- Project Management Fundamentals
Unit 2 Cost Concepts
- 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 3 Project
- Different types
- why to manage
- cost overruns centers
- various stages of project execution
- 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
- Project selection methods
- Types and contents
- Project execution
Unit 4 Cost Behavior and Profit Planning with 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
- Program Name: Master of Engineering Level: PG Subject Code: ME03069021 Course/Subject Name: Cost Management of Engineering Projects Balanced Score Card and Value-Chain Analysis
- Budgetary Control
- Flexible Budgets
- Performance budgets
- Zero based budgets
- Measurement of Divisional profitability pricing decisions including transfer pricing
Unit 5 Cost Management
- Quantitative techniques for cost management
- PERT/CPM- Network analysis
- CPM-Cost model
- Resources allocation
- Crashing of networks
- Risk management
- Transportation problems
- Assignment problems
- Simulation, and Learning Curve Theory
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