Cost Engineering – (M.Sc.)

Suitable for existing and early career engineers, buyers and people with commercial backgrounds. It is also suitable for practitioners who seek recognition of their cost engineering profession.

Takes you on to secure positions as professional cost engineers within a range of sectors. In addition, students have secured positions in business risk awareness and reduction.

You will be taught by experts from Cranfield and industry with substantial experience in teaching, project supervision, research and consultancy in cost and affordability engineering.

Course description

Cost engineering is a well established area of research, training and development at Cranfield University.

Cost engineers urgently need recognition to promote their profession. It is recognised that improving cost engineering capabilities within the engineering industry contributes to the development of affordable products and technologies. There is a growing demand internationally for cost engineers who can impart cost and affordability engineering knowledge to support organisational effectiveness.

Our unique Postgraduate Certificate (PgCert) in Cost Engineering, developed in collaboration with industry, will create a new generation of cost engineers.

The course content provides a sound, broadly-based education covering the fundamental principles of cost engineering, data management, product and project life cycle and business processes. It also contributes to the increased efficiency of engineers and streamlines communication with both customers and suppliers. Learning is enhanced by the sharing of best practice across different industry sectors.

Students are introduced to general management concepts and practice in the teaching modules as well as individual projects. The facilities available include a CAD work station, SAP R/3, Cost Studio®, CAM facilities, 3D printer and industry-leading process modelling and simulation software.

The course comprises four one-week assessed modules which include lectures and tutorials, and an individual project.

Individual project

The individual project is selected in association with the student´s sponsoring company to deliver results that are of relevance to the company, as well as meeting the academic requirements. The career ambitions of the individual student are also considered. The project is supervised by Cranfield University academic staff.

Modules:

Students complete two compulsory modules with a further two optional modules selected from one of two 'streams', allowing students to specialise in cost engineering within the manufacturing or process industry sectors.

Compulsory modules

* Understanding Cost (online module) or Product Engineering and Costing
* Data Management.

Optional modules

Manufacturing Industry Stream

* Business Process Analysis and Engineering
* Enterprise Systems
* Knowledge Management Systems
* Manufacturing Technology Management
* Operations Management
* Process Control and Optimisation
* Product Lifecycle Management
* Requirements Engineering and Concept Creation
* Whole System Design.

Process Industry Stream

* Business Process Analysis and Engineering
* Enterprise Systems
* Introduction to Process Systems Engineering
* Knowledge Management Systems
* Process Plant Operations
* Project Management
* Requirements Engineering and Concept Creation
* Subsea Oil and Gas Exploitation
* Whole System Design