Cost Engineering Management Techniques

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Cost Engineering Management Techniques

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Author : Black
language : en
Publisher: CRC Press
Release Date : 1984-05-11

Cost Engineering Management Techniques written by Black and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1984-05-11 with Technology & Engineering categories.

Target Costing And Value Engineering

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Author : Robin Cooper
language : en
Publisher: Routledge
Release Date : 2017-10-19

Target Costing And Value Engineering written by Robin Cooper and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-10-19 with Business & Economics categories.

What would happen if everyone in your company followed a disciplined approach to cost reduction? Go ahead -- imagine it. What would it look like? How can it be done? The answer -- smart cost management. Effective cost management must start at the design stage. As much as 90-95% of a product's costs are added in the design process. That is why effective cost management programs focus on design and manufacturing. The primary cost management method to control cost during design is a combination of target costing and value engineering. Target Costing Objectives: Identify the cost at which your product must be manufactured at if it is to earn its profit margin at its expected target selling price. Break the target cost down to its component level and have your suppliers find ways to deliver the components they sell you at the set target prices while still making adequate returns. Value Engineering: The connection to function: An organized effort and team based approach to analyze the functions of goods and services that the design stage, and find ways to achieve those functions in a manner that allows the firm to meet its target costs. The result: Added value for your company (development costs on-line with added value for your company; development costs on-line with selling prices) and added value for your customer (higher quality products that meet, possibly even exceed, customer expectations.)

Offshore Projects And Engineering Management

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Author : Mohamed A. El-Reedy
language : en
Publisher: Gulf Professional Publishing
Release Date : 2021-06-18

Offshore Projects And Engineering Management written by Mohamed A. El-Reedy and has been published by Gulf Professional Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-18 with Science categories.

Offshore Projects and Engineering Management delivers a critical training tool for engineers on how to prepare cost estimates and understand the most recent management methods. Specific to the oil and gas offshore industry, the reference dives into project economics, interface management and contracts. Methods for analyzing risk, activity calculations and risk response strategies are covered for offshore, FPSO and pipelines. Supported with case studies, detailed discussions, and practical applications, this comprehensive book gives oil and gas managers a management toolbox to extend asset life, reduce costs and minimalize impact to personnel and environment. Oil and gas assets are under constant pressure and engineers and managers need engineering management training and strategies to ensure their operations are safe and cost effective. This book helps manage the ramp up to the management of offshore structures. - Discusses engineering management for new and existing offshore platforms, including FPSOs and subsea pipelines - Presents everything a reader needs to understand the most recent PMP modules and management methods - Provides the best tools, tactics and forms through several practical case studies

Risk Management In Engineering And Construction

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Author : Stephen Ogunlana
language : en
Publisher: Routledge
Release Date : 2019-09-09

Risk Management In Engineering And Construction written by Stephen Ogunlana and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-09-09 with Technology & Engineering categories.

Today’s businesses are driven by customer ‘pull’ and technological ‘push’. To remain competitive in this dynamic business world, engineering and construction organizations are constantly innovating with new technology tools and techniques to improve process performance in their projects. Their management challenge is to save time, reduce cost and increase quality and operational efficiency. Risk management has recently evolved as an effective method of managing both projects and operations. Risk is inherent in any project, as managers need to plan projects with minimal knowledge and information, but its management helps managers to become proactive rather than reactive. Hence, it not only increases the chance of project achievement, but also helps ensure better performance throughout its operations phase. Various qualitative and quantitative tools are researched extensively by academics and routinely deployed by practitioners for managing risk. These have tremendous potential for wider applications. Yet the current literature on both the theory and practice of risk management is widely scattered. Most of the books emphasize risk management theory but lack practical demonstrations and give little guidance on the application of those theories. This book showcases a number of effective applications of risk management tools and techniques across product and service life in a way useful for practitioners, graduate students and researchers. It also provides an in-depth understanding of the principles of risk management in engineering and construction.

Cost Engineering For Optimal Project Management

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Author : Pasquale De Marco
language : en
Publisher: Pasquale De Marco
Release Date : 2025-03-07

Cost Engineering For Optimal Project Management written by Pasquale De Marco and has been published by Pasquale De Marco this book supported file pdf, txt, epub, kindle and other format this book has been release on 2025-03-07 with Technology & Engineering categories.

"Cost Engineering for Optimal Project Management" is the definitive guide to mastering the art of cost engineering in construction projects. This comprehensive book provides readers with a thorough understanding of cost estimation techniques, procurement processes, construction management practices, and planning and scheduling methodologies, empowering them to effectively control costs, schedules, and quality. Delving into the intricacies of cost engineering, this book offers insights into the latest industry trends and best practices, enabling project managers, cost engineers, estimators, and contractors to excel in their endeavors. With its focus on real-world applications and practical examples, this book is an invaluable resource for professionals seeking to enhance their skills and knowledge in cost engineering. Readers will gain a deep understanding of cost estimation techniques, including conceptual estimating, parametric estimating, and detailed estimating. They will learn how to navigate the procurement process, from identifying and selecting suppliers to managing contracts and evaluating supplier performance. The book also provides comprehensive coverage of construction management practices, including work breakdown structure, scheduling techniques, resource allocation, quality control, and change order management. Furthermore, the book explores the realm of planning and scheduling, guiding readers through project planning, scheduling methods, risk management, and earned value management. It also delves into cost control techniques, such as earned value analysis, cost-to-complete analysis, and change order management, empowering readers to proactively manage project costs and ensure project profitability. This book also addresses the importance of quality and safety management in construction projects, highlighting the role of quality assurance and quality control in achieving project excellence. It emphasizes the need for adherence to regulations and standards, as well as the implementation of sustainable construction practices. The book concludes with a look into the future of cost engineering, exploring emerging trends, ongoing research, and professional development opportunities in the field. "Cost Engineering for Optimal Project Management" is an essential resource for anyone seeking to master the principles and practices of cost engineering. With its in-depth coverage of industry-standard techniques and its focus on real-world applications, this book is a must-have for project managers, cost engineers, estimators, contractors, and anyone involved in the construction industry. If you like this book, write a review!

Systems Life Cycle Costing

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Author : John V. Farr
language : en
Publisher: CRC Press
Release Date : 2011-06-20

Systems Life Cycle Costing written by John V. Farr and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-06-20 with Technology & Engineering categories.

Although technology and productivity has changed much of engineering, many topics are still taught in very similarly to how they were taught in the 70s. Using a new approach to engineering economics, Systems Life Cycle Costing: Economic Analysis, Estimation, and Management presents the material that a modern engineer must understand to work as a practicing engineer conducting economic analysis. Organized around a product development process that provides a framework for the material, the book presents techniques such as engineering economics and simulation-based costing (SBC), with a focus on total life cycle understanding and perspective and introduces techniques for detailed analysis of modern complex systems. The author includes rules of thumb for estimation grouped with the methods, processes, and tools (MPTs) for conducting a detailed engineering buildup for costing. He presents the estimating costing of complex systems and software and then explores concepts such as design to cost (DTC), cost as an independent variable (CAIV), the role of commercial off-the-shelf technology, cost of quality, and the role of project management in LCC management. No product or services are immune from cost, performance, schedule, quality, risks, and tradeoffs. Yet engineers spend most of their formal education focused on performance and most of their professional careers worrying about resources and schedule. Too often, the design stage becomes about the technical performance without considering the downstream costs that contribute to the tota1 life cycle costs (LCC) of a system. This text presents the methods, processes, and tools needed for the economic analysis, estimation, and management that bring these costs in line with the goals of pleasing the customer and staying within budget.

Computer Organized Cost Engineering

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Author : Gideon Samid
language : en
Publisher: CRC Press
Release Date : 2020-07-24

Computer Organized Cost Engineering written by Gideon Samid and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-07-24 with Business & Economics categories.

Providing a sequence of steps for matching cost engineering needs with helpful computer tools, this reference addresses the issues of project complexity and uncertainty; cost estimation, scheduling, and cost control; cost and result uncertainty; engineering and general purpose software; utilities th

Guidebook On Risk Analysis Tools And Management Practices To Control Transportation Project Costs

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Author : Keith Robert Molenaar
language : en
Publisher: Transportation Research Board
Release Date : 2010

Guidebook On Risk Analysis Tools And Management Practices To Control Transportation Project Costs written by Keith Robert Molenaar and has been published by Transportation Research Board this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with Project management categories.

This guidebook provides guidance to state departments of transportation for using specific, practical, and risk-related management practices and analysis tools for managing and controlling transportation project costs. Containing a toolbox for agencies to use in selecting the appropriate strategies, methods and tools to apply in meeting their cost-estimation and cost-control objectives, this guidebook should be of immediate use to practitioners that are accountable for the accuracy and reliability of cost estimates during planning, priority programming and preconstruction.

Cost Engineering In Printed Circuit Board Manufacturing

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Author : R. P. Hedden
language : en
Publisher: CRC Press
Release Date : 2020-08-13

Cost Engineering In Printed Circuit Board Manufacturing written by R. P. Hedden and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-08-13 with Technology & Engineering categories.

This book is intended as an introduction to printed circuit board manufacturing processes and terminology for readers who have no exposure to them. It provides techniques and approaches to estimating that should prove useful to all who participate in the estimating process.

Computerized Management Of Multiple Small Projects

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Author : RichardE. Westney
language : en
Publisher: Routledge
Release Date : 2017-11-22

Computerized Management Of Multiple Small Projects written by RichardE. Westney and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-11-22 with Technology & Engineering categories.

""This well-organized reference presents complete and explicit instructions on exactly what to do to manage multiple small projects -- using limited resources -- in any industry. The hands-on methods -- derived from proven successes in every type of business -- specifically address the needs of the nonspecialist project manager, and are highly effective for professionals who coordinate multiple projects of any kind.