COST ENGINEERING

EMS5CE

2018

Credit points: 15

Subject outline

This subject aims to provide students with advanced concepts of engineering economic analysis and its role in engineering decision making. Total Cost Management and its application to project management of engineered projects is a particular focus. The subject is designed to offer students the tools needed for rigorous presentation of the effect of time value of capital in engineering problem solving and capacity to act with ethical and efficient professionalism. The subject will include analysis of present worth analysis, annual cash flow, rate of return, incremental analysis, future worth analysis, and payback period. Students will be required to conduct a substantive case study from a real world industrial operations setting.

SchoolSchool Engineering&Mathematical Sciences

Credit points15

Subject Co-ordinatorPeter Moar

Available to Study Abroad StudentsNo

Subject year levelYear Level 5 - Masters

Exchange StudentsNo

Subject particulars

Subject rules

Prerequisites Students must be admitted in SMENC, SMENCB, SMENE, SMENEB, SMNEM or SMENMB

Co-requisitesN/A

Incompatible subjectsN/A

Equivalent subjectsN/A

Special conditionsN/A

Readings

Resource TypeTitleResource RequirementAuthor and YearPublisher
ReadingsEngineering EconomicsRecommendedJ. K. Yates, 2017CRC press

Graduate capabilities & intended learning outcomes

01. Apply advanced knowledge of engineering principles and mathematics, economics to solve engineering problems.

Activities:
Lecture, online quiz, case studies, workshop class.

02. Apply engineering methods and skills to manage projects.

Activities:
Lecture, case study, workshop class.

03. Facilitate and evaluate cost effective measures through expert understanding of design requirements and processes.

Activities:
Lecture, online quiz, case studies, workshop class.

04. Integrate and explain the cost of engineering functions to other functional areas in the organisation.

Activities:
Lecture, online quiz.

05. Comprehensively and effectively apply relevant engineering accounting techniques - budgeting, product cost calculation.

Activities:
Lecture, workshop class.

Subject options

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Start date between: and    Key dates

Bendigo, 2018, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorPeter Moar

Class requirements

Lecture Week: 31 - 43
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

WorkShop Week: 31 - 43
One 2.0 hours workshop per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Six online quizzes (150 words equivalent each - total equivalent 900 words)Individual10 01, 03, 04
Individual Written Case Study 1 (1500 words)Individual25 01, 02, 03
Group Written Case Study 2 (1000 words per student)Group25 01, 02, 03
Two hour final examination (equivalent to 2000 words)Computer Based Exam40 01, 03, 04, 05

Melbourne, 2018, Semester 2, Day

Overview

Online enrolmentYes

Maximum enrolment sizeN/A

Enrolment information

Subject Instance Co-ordinatorPeter Moar

Class requirements

Lecture Week: 31 - 43
One 2.0 hours lecture per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

WorkShop Week: 31 - 43
One 2.0 hours workshop per week on weekdays during the day from week 31 to week 43 and delivered via face-to-face.

Assessments

Assessment elementComments% ILO*
Six online quizzes (150 words equivalent each - total equivalent 900 words)Individual10 01, 03, 04
Individual Written Case Study 1 (1500 words)Individual25 01, 02, 03
Group Written Case Study 2 (1000 words per student)Group25 01, 02, 03
Two hour final examination (equivalent to 2000 words)Computer Based Exam40 01, 03, 04, 05