ME2027 PROCESS PLANNING AND COST ESTIMATION Lecture Notes ( COMMON TO MECHANICAL AND PRODUCTION - Seventh (7th) semester )
ME2027 Lecture Notes
Method study – Definition – Objectives-Motion economy- Principles – Tools and
Techniques-Applications – Work measurements- purpose – use – procedure – tools and
techniques- Standard time –Ergonomics – principles – applications.
UNIT II PROCESS PLANNING
Definition – Objective – Scope – approaches to process planning- Process planning
activities – Finished part requirements- operating sequences- machine selection –
material selection parameters- Set of documents for process planning- Developing
manufacturing logic and knowledge- production time calculation – selection of cost
UNIT III INTRODUCTION TO COST ESTIMATION
Objective of cost estimation- costing – cost accounting- classification of cost- Elements
UNIT IV COST ESTIMATION
Types of estimates – methods of estimates – data requirements and sources- collection
of cost- allowances in estimation.
UNIT V PRODUCTION COST ESTIMATION
Estimation of material cost, labour cost and over heads, allocation of overheads –
Estimation for different types of jobs.