ESTIMATING, COSTING AND ENGINEERING CONTRACTING (3351905)  

4
Credit
2 + 0 + 2
Lect + Tuto + Pract
Teaching Scheme
70 + 30 + 0
ESE + PA + ALA
Theory Marks
20 + 0 + 30
ESE + OEP + PA
Practical Marks
ESE - End Semester Examination, PA - Progress Assessment, ALA - Active Learning Assignments, OEP -Open Ended Problem


Rationale
This course is designed to develop the ability in the students to evaluate materials, consumables and process costs in the monetary units. Hence, it will help to increase the productivity of the organization and conservation of valuable resources. This course will also help in developing the skills required in the process of decision making and to plan, use, monitor and control resources optimally and economically. This will also be helpful in budgeting. The realm of this course is enlarged to estimate the process costs for fluid and thermal applications also.
Course Outcome
The theory should be taught and practical should be carried out in such a manner that students are able to acquire different learning objectives in cognitive, psychomotor and affective domain to demonstrate following course outcomes.

i. Calculate material cost of given component/product.
ii. Identify and estimate elements of cost in various processes.
iii. Perform break even analysis to calculate break even quantity.
iv. Investigate the problem of cost and suggest their solution using cost reduction techniques.
v. Interpret given model of balance sheet and profit loss account.
vi. Prepare simple engineering contracts.

Active Learning
i. http://calculatoredge.com/index.htm#mechanical