Engineering Estimation and Costing (Dept Elec - II) (2182110)  

6
Credit
4 + 2 + 0
Lect + Tuto + Pract
Teaching Scheme
70 + 20 + 10
ESE + PA + ALA
Theory Marks
30 + 0 + 20
ESE + OEP + PA
Practical Marks
ESE - End Semester Examination, PA - Progress Assessment, ALA - Active Learning Assignments, OEP -Open Ended Problem


Prerequisite
Knowledge of Metal Manufacturing Processes
Rationale
The present course aims to provide Metallurgical Engineer an exposure of various methods for estimating and costing of various product as well as processes of metal manufacturing. The subject will provide the better knowledge of calculating cost as well as estimating for an engineering product whose dimension scale ranges from small to extra-large. Since the knowledge of “Estimating and Costing” is essential to an engineer in industries to fabricate bulk storage and processing equipment’s. The subject focuses on knowledge and understanding of various costing techniques.
Course Outcome
After learning the course the students should be able to:
-Understand the procedure of Estimation & Budget cost estimation
-Distinguish various cost components.
-Apply basic calculation in manufacturing processes.
-Analyze the cost components.
-Estimate the Total cost from Raw materials to finished product including Power cost.
-Acquire knowledge to prepare budget & production planning.
-Determination of various Cost Accounting, Cost Control and Cost Reduction techniques
-Improved analytical skill about the practice engineering.

Active Learning
Preparation of power-point slides, which include videos, animations, pictures, graphics for better understanding theory and practical work – The faculty will allocate chapters/ parts of chapters to groups of students so that the entire syllabus to be covered. The power-point slides should be put up on the web-site of the College/ Institute, along with the names of the students of the group, the name of the faculty, Department and College on the first slide. The best three works should be submitted to GTU.