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Engineering has changed dramatically in the last century. The advent of the modern computing systems, instantaneous communication and extremely efficient supply chains the role of the engineer has changed. With today's globalization, technology, and complexity few engineers sit at a desk and design at the component level. This 21st century paradigm has allowed engineers the opportunity to use their technical training and problem solving skills as points of departure into rapid prototyping and product development as well as other fields such as sales, law, medicine, and corporate leadership. The future will require systems that are more complex providing for increased opportunities for engineers to be business leaders first and engineers secondly. The marketplace will require employees at all levels that are both business and technically savvy. They must be able to develop accurate cost estimates and conduct meaningful cost analysis. Even at the component level engineers must conduct meaningful trade space studies to make informed decisions. Engineers continue to be poised to for tremendous career opportunities, but the landscape will have different requirements of them. It is under this backdrop that we wrote this book.
Overview of Systems Life Cycle Costing
What is costing and why is it important to complex systems? Understand today's global landscape and the implications of finances on engineering decisions.
Costing and Managing Off the Shelf Systems
Integrating and understanding the impact of buying existing solutions.
Advanced Economic Analysis of Alternatives
How do you choose between competing alternatives when they are complex projects?
Project Management’s Role in Life Cycle Costing
A big part of controlling costs during project management is understanding how they are estimated.
Simulation Based Costing
Modern tools and methods for developing cost estimates with uncertainity.
Use of Cost Metrics and Ratios
Building the right tracking and analysis tools to give you the best insight about a complex project.
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