Professional Certificate Course in Production and Cost Analysis and Estimation

The programme is available in 2 duration modes:

2 months (Standard mode)

1 month (Fast-track mode)

Online

In order to apply you should have either:

The program operates on an open enrollment basis, and there are no specific entry requirements. Individuals with a genuine interest in the subject matter are welcome to participate.

1. Introduction to Production Analysis: This unit provides an overview of production analysis, including the concepts of inputs, outputs, production functions, and the relationship between inputs and outputs in a production process.

2. Cost Concepts and Classification: This unit explores various cost concepts and classifications relevant to production and cost analysis. Topics covered include fixed costs, variable costs, direct costs, indirect costs, and the distinction between short-run and long-run costs.

3. Cost Estimation Techniques: This unit focuses on different techniques used to estimate costs in a production setting. Students will learn about methods such as regression analysis, engineering cost methods, and activity-based costing.

4. Production and Cost Relationships: This unit delves into the relationship between production levels and costs. Students will study concepts such as economies of scale, diseconomies of scale, and the cost-output relationship in the short run and long run.

5. Cost-Volume-Profit Analysis: This unit introduces cost-volume-profit (CVP) analysis, which helps in understanding the interplay between costs, volume, and profit. Students will learn how to calculate break-even points, analyze contribution margins, and make informed pricing decisions.

6. Production Planning and Control: This unit covers the principles and techniques of production planning and control. Students will explore topics such as capacity planning, inventory management, scheduling, and quality control to ensure efficient production operations.

7. Cost Analysis for Decision Making: This unit focuses on using cost analysis techniques to make informed business decisions. Students will learn how to perform cost-benefit analysis, analyze relevant costs, and evaluate alternative production strategies.

8. Performance Measurement and Benchmarking: This unit explores performance measurement metrics and the use of benchmarking to evaluate and improve production and cost performance. Students will learn how to set performance targets, monitor key performance indicators, and identify areas for improvement.

9. Case Studies and Practical Applications: This unit involves analyzing real-world case studies and applying the concepts and techniques learned throughout the course to practical scenarios. Students will gain hands-on experience in production and cost analysis, estimation, and decision making.

10. Capstone Project: In this final unit, students will undertake a capstone project that integrates their knowledge and skills in production and cost analysis. They will work on a real or simulated project to solve a production or cost-related problem, applying the concepts, techniques, and tools acquired during the course.

Assessment is via assignment submission

The fee for the programme is as follows:

1 month (Fast-track mode) - £140

2 months (Standard mode) - £90

Please find below available fee payment plans:

1 month (Fast-track mode) - Fee £140

• This program is not intended to replace or serve as an equivalent to obtaining a formal degree or diploma. It should be noted that this course is not accredited by a recognised awarding body or regulated by an authorised institution/ body.