LOG904-143 Cost Engineering

LOG904-143 Cost Engineering

Course code: 
Course name: 
Cost Engineering
Program of study: 
MSc in Logistics - Seminars
Level of study: 
Teaching semester: 
2016 Autumn
Assessment semester: 
2016 Autumn
Language of instruction: 
Language of examination: 
Language of litterature: 
Course content

Cost engineering represents the intersection of the fields of project management, business management, and engineering.

The seminar will start from a fundamental perspective on the balance between cost, quality and time requirements in projects and will hence cover the following topics:

  • Principles of cost estimation in engineering disciplines
  • Cost Control and cost forecasting
  • Investment appraisal
  • Risk analysis.

Main focus

The seminar’s main concerns is with upgrading the historical data that any organization have access to from previous projects, to be able to serve as input to future project planning and control. It will present existing tools and techniques for evidence-based and data-driven cost engineering, and continue to elicit an updated requirements’ specification for the next generation toolkit for project managers and cost engineers. Some prototyping and testing will be included, in order to highlight the academic and practical challenges that we are going to face working as cost engineers. 

Lecturer: Steinar Kristoffersen, Molde University College.(steinar.kristoffersen@himolde.no