Business Description | Course Introduction:
This Cast Metals Institute course, Casting Cost Estimating, provides participants the opportunity to gain greater in-depth knowledge and skills in cost estimates for castings. Cost estimating is a critical factor in ensuring a manufacturing company continues to acquire customers and be profitable. Cost estimates are predictions of what the company thinks it will cost to produce a product.
Learning Outcomes Construction Cost Estimator Certification
At the end of this course, participants should be able to:
1. Identify key traps in casting cost estimates and how to avoid them.
2. Assess where your organization may need to reconsider its methods for assigning costs.
3. Classify various costs by construction cost estimator work center/department in a metal casting facility.
4. Determine the markup and profit for a product.
5. Identify and use various standards in cost estimates.
6. Calculate yield, melt loss, volume, mass, and total weight for a casting.
Lesson Outline New Construction Cost Estimator
Module 1:
Introduction
Module 2:
Traps in the costing of castings
What is a cost trap?
Assessing your current cost methods
How to avoid costing traps
Module 3:
Cost components
Cost structures
Markup and profit
Module 4:
Using standards in estimating Course Casting Cost Estimating 2
What is a standard and why is it important?
The role of industrial engineering in estimating Labor standards
Using standards in estim |
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