Raising Awareness of Engineering Costs Course
1Summary
The Arab British Fellowship Training Academy offers a course titled "Increasing Awareness of Engineering Costs." Engineering costs are a set of disciplined procedures designed clearly and rigorously to determine the optimal value of both initial and long-term investments. They are not just about designing and reviewing comparisons or reducing costs; rather, they represent an organized creative effort that analyzes project requirements to achieve essential functions at the lowest overall costs (such as capital, employment, energy, and maintenance) throughout the project's lifespan.
This collective achievement involves teams of experienced and multidisciplinary professionals, and this course provides participants with the necessary knowledge about the impact of engineering on product costs. The training program is aimed at individuals responsible for pricing estimates, vendors, and engineers. The course covers various topics related to engineering costs, their procedures, foundations, significance, and requirements.
2Objectives and target group
Arab British Fellowship Training Academy offers this course to the following categories:
- Engineers
- Traders
- Evaluators' costs and the new appointed in all industrial sectors.
After completing the program, participants will be able to master the following topics:
- Understand terms and estimates engineering costs
- Understand economic manufacture and value for money , affordable productions and develop services .
- Recognize different cost concepts and achieve cost savings
- Ability to model cost estimates to evaluate risk effect.
- Ability to collect ,organize and evaluate date to develop cost estimates .
3Course Content
- Introduction of foundations and producers engineering costs.
- Cost importance for heads
- Data requirements to evaluate real costs
- Practical training to evaluate costs.
- Kinds of design and manufacture costs.
- Achieve cost savings on manufacture productions.