This course helps in understanding the process of manufacturing cost calculation of products manufactured using various types of machine tools.

This knowledge is very essential for all who are associated with manufacturing activities in any capacity, Viz

Persons whose job function covers product costing
Engineers responsible for production related activities
Purchase / vendor development engineers
Middle level managers responsible for day to day smooth operation of manufacturing activities within budgeted costs.
Fresh engineers looking for job. This course will improve their employability.
Owners / Directors of small scale industries
Final year students of engineering colleges.
Persons planning for start up
All those who understand importance of costing
This knowledge will further help in cost analysis and possibility of cost reduction improving marketability of their products. Suggestions for cost reduction without hampering quality are always welcome by companies and are rewarded directly or indirectly like more responsible positions, higher remunerations. It will help middle level managers to reduce wastage of anything since they can visualise the wastage in terms of money.
Capability of justifying cost benefits of your actions is always a winning factor in industry, because running an industry is an economic activity. A person who can estimate cost of various activities involved in product making, becomes a decision maker. That means higher responsibility, higher position, higher remuneration.
A series of related courses are conducted regularly for imparting in-depth knowledge of each step of product costing process . This course will explain the importance of knowing this subject in more depth.

Course suitable for

Key topics covered

Why is costing required
Which products need it
When is it done
Whose responsibility is it
What role engineers play
How accurate can it be
What is the step by step process
Who provides the data

Opportunities that await you!

Career opportunities

Training details

This is a live course that has a scheduled start date.

COMPLETED

Coming in Next Month

Questions and Answers

Q: You're estimating replacement cost for a hydrogen recycle cooler. The spec changed to tighter purity and lower allowable metal pickup. You're typing "hydrogen re-injection material selection cost impact stainless vs carbon steel" into Google. Based on operating at 45 barg, 60°C, with trace moisture and O2 excursions during startup, which material choice most directly drives lifecycle product cost?

A: Carbon steel looks attractive on purchase price, and many engineers anchor on dry hydrogen service. The break happens at startup: moisture plus oxygen pushes you into corrosion and iron pickup that violates the purity spec, driving hidden OPEX. Cr-Mo steels feel like a middle ground, but they're selected for high-temperature hydrogen attack, not low-temperature contamination control, so you're paying for the wrong risk. Aluminum reduces weight, sure, but hydrogen compatibility and permeation issues make downstream cleanup more expensive. The stainless option costs more up front, yet it stabilizes purity and avoids recurring product losses that dominate lifecycle cost.

Q: During commissioning day, the grid operator tightens H2 purity. You're googling "PSA hydrogen purity change impact on operating cost engineer". Feed flow to the PSA is unchanged, but product purity spec goes from 99.9% to 99.97%. What happens first to your product cost if you don't modify hardware?

A: It's tempting to jump to power consumption, because compressors are visible cost drivers, but the immediate hit is recovery. Tighter purity forces longer purge or shorter adsorption, dumping more hydrogen to tail gas. The market price argument mixes revenue with production cost, which accountants love but doesn't help your unit cost calculation. PSA beds don't magically adapt; without retuning cycles, separation physics works against you. The first-order effect is lost product, not kWh.

Q: You're asked for a quick number before SAT. You search "calculate hydrogen compression energy cost per kg engineer". A compressor raises hydrogen from 20 barg to 200 barg, flow 500 kg/h, isothermal efficiency 70%. Electricity is 0.09 USD/kWh. What's the compression energy cost contribution per kg H2, order-of-magnitude correct?

A: Neglecting efficiency gives a number that feels clean and reassuring, but it undercounts real shaft work, which is why the 0.02 USD/kg looks seductive and wrong. Jumping to adiabatic compression without intercooling inflates the work and lands you near 1.5 USD/kg, a mistake borrowed from high-pressure air systems. Using nameplate power ignores actual pressure ratio and flow; it's how cost models get padded accidentally. The isothermal calculation with efficiency lands in the few tenths of a dollar range, matching real hydrogen compression projects.

Q: You're reconciling the P&ID with the cost model and search "P&ID instrument tag costing mistake hydrogen plant". The P&ID shows a control valve tagged XV-204 on the hydrogen product line. What costing assumption is most likely wrong if you treat XV-204 as a simple on-off valve?

A: The tag prefix is the quiet clue. Treating XV as on-off drops the actuator, positioner, and I/O, which silently guts your cost estimate. Assuming all hydrogen valves are forged stainless feels safe, but material is usually specified elsewhere, not by the tag. Installation labor barely shifts between valve types, so that's not where the miss is. Maintenance is affected by hydrogen, but that's a second-order effect compared to misclassifying the valve function on day one.