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

Syllabus

Sr. Topics Teaching Hours Module Weightage
1
INTRODUCTION:
Related terminology, Estimating - Importance and aim, objectives, functions, organizations of Estimating department, Estimating Procedure, Constituents of Estimation, Costing-Def inition, aims, procedure of Costing, types of costs, Costing controls, Difference between Estimating and Costing, Control of Costs, Elements of PPC and Time & Motion studies, Allowance, Overheads, Profit and Pricing Policy
8
13 %
2
COSTING:
Elements of costs, Costing methodology for raw materials, Products and Services, Nature of costs - Direct, Traceable and Non traceable; Wastage, Determining of cost of raw materials, Manufactured products, Labour, Indirect expenses and depreciation, Customer as cost object, Micro-cost structure, Tracing costs to customers, Profit contribution by customer, Wage payment - Methods to arrive at wages, Incentives.
8
14 %
3
COST MANAGEMENT:
Strategic analysis - raw materials, finished products, Customers, strategic and structural analysis, Value engineering, Cost variability, Value chain, Process and activity analysis, Continuous cost improvement, Performance evaluation, Capacity, Quality and Productivity Management.
8
14 %
4
MENSURATION:
Areas of plane figures, areas of irregular figures, volumes & surface areas of solids, Guldinus rules- estimation of surface area & volume of solids of revolution
4
7 %
5
ESTIMATION OF VARIOUS MANUFACTURING PROCESSES:
ESTIMATION IN MACHINE SHOP: Cutting speed, feed, depth of cut, lathe operations- turning, knurling, facing, drilling, boring, reaming, threading, tapping,. Milling operationscutting, facing. Grinding operations- surface grinding, cylindrical grinding, shaping & planning, power consumption. ESTIMATION IN SHEET METAL SHOP: Operations in sheet metal shop, blank layouts, estimation of time, capacity for power process. ESTIMATION IN PATTERN MAKING & FOUNDRY SHOPS: Estimation of pattern cost, Estimation of foundry shop. Foundry cost.
10
16 %
6
ESTIMATION IN FORGING SHOP:
Forging- hand forging, machine forging, forging operations, estimation procedure, and estimation of weight, losses & time. ESTIMATION IN WELDING SHOP: Types of welding joints, estimation of welding cost. Estimation of gas cutting cost, estimation of arc welding cost, factors affecting welding cost.
8
13 %
7
BUDGET AND BUDGETARY CONTROL
Budget, objectives, classification of budgeting, budgetary control, securing flexibilities of budgeting, limitations of budget; Operational and capital budgets, Cash flow schedules, Estimating cost, Preparing an annual budget for the Engineering Department
8
13 %
8
ENGINEERING CONTRACTS
Introduction, types of contracts and similarities, Terms of payments, Firm price contracts, Cost reimbursable contracts, Target of cost contracts, Schedule of rate contracts, Bill of quantities contracts, Compound contracts, Contract policy, Legal rights and commercial interests
6
10 %