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Overview
Key facts
With the rapid shift of manufacturing and industry towards digitalisation, the conventional approaches to cost estimation and forecasting are no longer suitable. Therefore, this innovative course is designed to integrate digitalisation and advanced data science techniques in cost engineering.This short course aims to develop core competencies that you can learn and apply as a cost engineer or project cost manager in your workplace. You will also explore digitalisation techniques and advanced data analytics methods to analyse, predict and validate cost estimates for application in manufacturing and operation. In this short course, you will learn about a wide range of advanced digital technologies, such as Stochastic simulation techniques, Digital twins, Digital threads, Artificial Intelligence, and Data ontologies in the context of cost engineering, including but not limited to cost estimation, cost control, cost data analysis, risk and uncertainty assessment, and cost management. This short course is designed for the ‘Estimator’ level, who have only some general knowledge about cost estimation. You can find more information in the ‘Course details’ section below.
Cranfield University's Digitalisation of Cost Engineering programme will teach you more about this topic.
Programme Structure
Courses include:
- Cost drivers and Cost elements.
- Lifecycle costing and Lifecycle assessment.
- Whole lifecycle costing.
- Activity-based costing (ABC).
- Net present value and Cash flow analysis.
- Group activity: cost model development, ABC and NPV.
Key information
Duration
- Part-time
- 5 days
Start dates & application deadlines
We did our best, but couldn't find the next application deadline and start date information online.
More details
Enquire for dates
Language
English
Delivered
Online
Disciplines
Economics View 81 other Short Courses in Economics in United KingdomAcademic requirements
We are not aware of any specific GRE, GMAT or GPA grading score requirements for this programme.
English requirements
We are not aware of any English requirements for this programme.
Other requirements
General requirements
This course is suitable for manufacturing and service industry professionals, including aerospace, defence, automotive, oil and gas, submarine, healthcare, energy, and manufacturing, who work with or are responsible for, cost engineering and project cost management.
Tuition Fee
To always see correct tuition fees
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International
1400 GBP/fullTuition FeeBased on the tuition of 1400 GBP for the full programme during 5 days. -
National
1400 GBP/fullTuition FeeBased on the tuition of 1400 GBP for the full programme during 5 days.
Funding
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