Cost Management of Engineering Projects detailed syllabus for Materials Science & Engineering (MSE) for 2021 regulation curriculum has been taken from the Anna Universities official website and presented for the MSE students. For course code, course name, number of credits for a course and other scheme related information, do visit full semester subjects post given below.
For Materials Science & Engineering 7th Sem scheme and its subjects, do visit MSE 7th Sem 2021 regulation scheme. For Open Elective-IV scheme and its subjects refer to MSE Open Elective-IV syllabus scheme. The detailed syllabus of cost management of engineering projects is as follows.
Course Objectives:
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Unit I
INTRODUCTION TO COSTING CONCEPTS Objectives of a Costing System; Cost concepts in decision-making; Relevant cost, Differential cost, Incremental cost and Opportunity cost; Creation of a Database for operational control.’
Unit II
INTRODUCTION TO PROJECT MANAGEMENT Project: meaning, Different types, why to manage, cost overruns centres, various stages of project execution: conception to commissioning. Project execution as conglomeration of technical and nontechnical activities, Detailed Engineering activities, Pre project execution main clearances and documents, Project team: Role of each member, Importance Project site: Data required with significance, Project contracts
Unit III
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Unit IV
COSTING OF SERVICE SECTOR AND BUDGETERY CONTROL Just-in-time approach, Material Requirement Planning, Enterprise Resource Planning, Activity Based Cost Management, Bench Marking; Balanced Score Card and Value-Chain Analysis, Budgetary Control: Flexible Budgets; Performance budgets; Zero-based budgets.
Unit V
QUANTITATIVE TECHNIQUES FOR COST MANAGEMENT Linear Programming, PERT/CPM, Transportation problems, Assignment problems, Learning Curve Theory.
Course Outcomes:
Upon successful completion of the course, students should be able to:
- Understand the costing concepts and their role in decision making.
- Understand the project management concepts and their various aspects in selection.
- Interpret costing concepts with project execution.
- Gain knowledge of costing techniques in service sector and various budgetary control techniques.
- Become familiar with quantitative techniques in cost management.
Text Books:
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Reference Books:
- Ashish K. Bhattacharya, Principles & Practices of Cost Accounting A. H. Wheeler publisher, 1991.
- Charles T. Horngren and George Foster, Advanced Management Accounting, 1988.
- Charles T. Horngren et al Cost Accounting a Managerial Emphasis, Prentice Hall of India, New Delhi, 2011.
- Robert S Kaplan Anthony A. Alkinson, Management & Cost Accounting, 2003.
- Vohra N.D., Quantitative Techniques in Management, Tata McGraw Hill Book Co. Ltd, 2007.
For detailed syllabus of all the other subjects of Materials Science & Engineering 7th Sem, visit MSE 7th Sem subject syllabuses for 2021 regulation.
For all Materials Science & Engineering results, visit Anna University MSE all semester results direct link.