Certificate in Advanced Engineering Cost Management
-- ViewingNowThe Certificate in Advanced Engineering Cost Management is a comprehensive course that equips learners with critical skills for career advancement in the engineering industry. This course emphasizes the importance of cost management in engineering projects, addressing the challenges of controlling costs while maintaining quality and schedule.
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⢠Advanced Engineering Economy: This unit covers the time value of money, cash flow analysis, and investment decision making in the context of engineering projects. It includes the study of advanced financial concepts, such as net present value, internal rate of return, and return on investment.
⢠Cost Estimating and Budgeting: This unit focuses on the development of cost estimates and budgets for engineering projects. It includes the study of various cost estimating techniques, such as parametric cost estimating, bottom-up estimating, and three-point estimating. The unit also covers the development and management of project budgets.
⢠Engineering Procurement and Contract Management: This unit covers the procurement and contract management process for engineering projects. It includes the study of various procurement strategies, such as competitive bidding, negotiation, and sole-source procurement. The unit also covers the development and management of contracts, including contract negotiation, administration, and closeout.
⢠Risk Management and Analysis: This unit focuses on the identification, assessment, and management of risks in engineering projects. It includes the study of various risk management techniques, such as probability analysis, sensitivity analysis, and Monte Carlo simulation.
⢠Value Engineering and Analysis: This unit covers the application of value engineering and analysis techniques to engineering projects. It includes the study of value engineering principles, functional analysis, and value engineering studies.
⢠Life Cycle Cost Analysis: This unit focuses on the analysis of the total cost of ownership of engineering projects, including capital costs, operating costs, maintenance costs, and disposal costs. It includes the study of life cycle costing techniques and the application of life cycle cost analysis to engineering projects.
⢠Lean Construction and Six Sigma: This unit covers the implementation of lean construction and Six Sigma principles in engineering projects. It includes the study of lean construction principles, value stream mapping, and Six Sigma methodologies, such as DMAIC and DMADV.
⢠Advanced Project Management: This unit focuses on the advanced project management principles and techniques required for successful engineering projects. It includes the study of project management method
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