ems5ce cost engineering
COST ENGINEERING
EMS5CE
2019
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-ordinatorAlex Stumpf
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
Learning resources
Readings
| Resource Type | Title | Resource Requirement | Author and Year | Publisher |
|---|---|---|---|---|
| Readings | Engineering Economics | Recommended | J. K. Yates, 2017 | CRC 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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Melbourne, 2019, Semester 2, Day
Overview
Online enrolmentYes
Maximum enrolment sizeN/A
Enrolment information
Subject Instance Co-ordinatorAlex Stumpf
Class requirements
LectureWeek: 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.
WorkShopWeek: 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 element | Comments | % | ILO* |
|---|---|---|---|
| Six online quizzes (150 words equivalent each - total equivalent 900 words) | Individual | 10 | 01, 03, 04 |
| Individual Written Case Study 1 (1500 words) | Individual | 25 | 01, 02, 03 |
| Group Written Case Study 2 (1000 words per student) | Group | 25 | 01, 02, 03 |
| Two hour final examination (equivalent to 2000 words) | Computer Based Exam | 40 | 01, 03, 04, 05 |