Postgraduate Certificate in Cost Estimation and Control in Production

Sunday, 15 February 2026 16:00:13

International applicants and their qualifications are accepted

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Overview

Overview

Cost Estimation and Control in Production

is a postgraduate program designed for production managers and project coordinators seeking to enhance their skills in estimating and controlling costs in manufacturing environments.

Through this program, learners will gain a deep understanding of cost estimation techniques, including bottom-up and top-down methods, as well as cost control strategies and risk management. They will also learn how to apply these concepts in real-world scenarios, making them more effective in their roles.

By the end of the program, learners will be able to analyze complex production projects, estimate costs accurately, and implement effective cost control measures to ensure project profitability.

Whether you're looking to advance your career or start a new one, this program is an excellent choice. Explore the details of Cost Estimation and Control in Production today and take the first step towards becoming a skilled production professional.

Cost Estimation and Control in Production is a specialized postgraduate program that equips students with the skills to accurately estimate and manage production costs. This course offers key benefits such as improved project management, enhanced decision-making, and increased profitability. Upon completion, graduates can expect career prospects in various industries, including construction, engineering, and manufacturing. Unique features of the course include the application of advanced cost estimation techniques, such as parametric modeling and Monte Carlo simulations. Students will also gain expertise in cost control strategies, including budgeting, scheduling, and risk management.

Entry requirements

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.

International applicants and their qualifications are accepted.

Step into a transformative journey at LSIB, where you'll become part of a vibrant community of students from over 157 nationalities.

At LSIB, we are a global family. When you join us, your qualifications are recognized and accepted, making you a valued member of our diverse, internationally connected community.

Course Content

• Cost Estimation Techniques
• Cost Control Systems
• Budgeting and Forecasting
• Cost Accounting and Analysis
• Production Planning and Control
• Scheduling and Resource Allocation
• Cost-Benefit Analysis and Decision Making
• Project Management and Control
• Risk Management and Contingency Planning
• Cost Engineering and Optimization

Assessment

The evaluation process is conducted through the submission of assignments, and there are no written examinations involved.

Fee and Payment Plans

30 to 40% Cheaper than most Universities and Colleges

Duration & course fee

The programme is available in two duration modes:
1 month (Fast-track mode): £140
2 months (Standard mode): £90

40% Cheaper

Our course fee is up to 40% cheaper than most universities and colleges.

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Awarding body

 The programme is awarded by London School of International Business. 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.

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  • Start this course anytime from anywhere.
  • 1. Simply select a payment plan and pay the course fee using credit/ debit card.
  • 2. Course starts
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Got questions? Get in touch

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+44 75 2064 7455

admissions@lsib.co.uk

+44 (0) 20 3608 0144



Career path

Key facts about Postgraduate Certificate in Cost Estimation and Control in Production

The Postgraduate Certificate in Cost Estimation and Control in Production is a specialized program designed for individuals seeking to enhance their skills in cost estimation and control within the production industry.
This program focuses on providing learners with a comprehensive understanding of cost estimation techniques, cost control strategies, and production planning methods.
Upon completion of the program, learners can expect to gain the following learning outcomes:
- Develop advanced knowledge of cost estimation and control principles and practices in production environments.
- Acquire skills in cost estimation, budgeting, and cost control techniques to optimize production processes.
- Understand the impact of cost estimation and control on production planning, scheduling, and resource allocation.
- Learn to apply cost estimation and control methods to real-world production scenarios, ensuring accurate cost forecasting and effective resource utilization.
- Enhance their ability to analyze and interpret financial data, identify cost-saving opportunities, and implement cost-effective solutions in production settings.
- Develop strong problem-solving skills to address complex cost estimation and control issues in production environments.
- Cultivate effective communication skills to collaborate with stakeholders, including production managers, engineers, and suppliers, to implement cost estimation and control strategies.
- Stay up-to-date with industry trends, regulations, and best practices in cost estimation and control, ensuring they remain competitive in the job market.
The duration of the Postgraduate Certificate in Cost Estimation and Control in Production varies depending on the institution and the learner's prior qualifications.
Typically, the program takes one to two years to complete, with learners required to complete coursework, assignments, and a final project.
The program is designed to be flexible, allowing learners to balance their studies with work commitments or other responsibilities.
Industry relevance is a key aspect of this program, as it provides learners with the skills and knowledge required to succeed in production environments where cost estimation and control are critical.
The program is relevant to various industries, including manufacturing, construction, and engineering, where accurate cost estimation and control are essential for optimizing production processes and achieving business objectives.
By completing the Postgraduate Certificate in Cost Estimation and Control in Production, learners can enhance their career prospects, increase their earning potential, and contribute to the success of their organizations.

Why this course?

Postgraduate Certificate in Cost Estimation and Control in Production holds significant importance in today's market, particularly in the UK. According to a report by the Royal Institution of Chartered Surveyors (RICS), the construction industry in the UK is expected to grow by 4% annually, creating a high demand for professionals with expertise in cost estimation and control.
Year Growth Rate
2020-2021 3.2%
2021-2022 4.1%
2022-2023 4.5%

Who should enrol in Postgraduate Certificate in Cost Estimation and Control in Production ?

Postgraduate Certificate in Cost Estimation and Control in Production is ideal for
individuals with a degree in a relevant field such as engineering, construction management, or quantity surveying who wish to enhance their skills in cost estimation and control in the production industry
and gain a competitive edge in the job market, with the UK construction industry employing over 2 million people and generating £230 billion in economic activity annually and with the demand for cost estimation and control specialists expected to grow by 10% between 2020 and 2030, according to the UK's Office for National Statistics
those interested in pursuing a career in project management, procurement, or supply chain management who can benefit from the knowledge and skills acquired through this postgraduate certificate