Professional Certificate in Cost Estimation for New Product Development

Saturday, 14 February 2026 17:24:07

International applicants and their qualifications are accepted

Start Now     Viewbook

Overview

Overview

Cost Estimation

is a crucial aspect of new product development, and this Professional Certificate aims to equip learners with the necessary skills to accurately estimate costs.
Cost Estimation involves analyzing various factors such as materials, labor, and overheads to determine the total cost of a product. This certificate will teach learners how to create detailed cost estimates, identify potential risks, and develop strategies to mitigate them.
The target audience for this certificate includes product developers, project managers, and procurement specialists who want to improve their cost estimation skills.
By completing this certificate, learners will gain a comprehensive understanding of cost estimation principles and practices, enabling them to make informed decisions in their organizations.
Cost Estimation is a vital skill in today's fast-paced business environment, and this certificate is designed to help learners stay ahead of the curve. Explore the world of cost estimation and take your career to the next level – register for this certificate today!

Cost Estimation is a crucial aspect of new product development, and our Professional Certificate program is designed to equip you with the skills to excel in this field. By learning the principles of cost estimation, you'll gain a deeper understanding of how to create accurate and reliable estimates, ensuring your projects are completed on time and within budget. With this course, you'll benefit from cost estimation best practices, industry-standard tools, and expert guidance. Upon completion, you'll be well-positioned for a career in product development, with opportunities in cost management and project planning.

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
• Product Life Cycle Costing
• Cost-Benefit Analysis
• Break-Even Analysis
• Cost Accounting for New Products
• Project Management for Product Development
• Resource Allocation and Optimization
• Financial Planning and Budgeting
• Risk Analysis and Management in Cost Estimation
• Cost Estimation Tools and Software

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.

Start Now

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.

Start Now

  • Start this course anytime from anywhere.
  • 1. Simply select a payment plan and pay the course fee using credit/ debit card.
  • 2. Course starts
  • Start Now
    •

Got questions? Get in touch

Chat with us: Click the live chat button

+44 75 2064 7455

admissions@lsib.co.uk

+44 (0) 20 3608 0144



Career path

Key facts about Professional Certificate in Cost Estimation for New Product Development

The Professional Certificate in Cost Estimation for New Product Development is a comprehensive program designed to equip learners with the necessary skills to estimate costs effectively in product development projects.
This program focuses on teaching learners how to create accurate cost estimates, manage project budgets, and identify potential cost risks.
Upon completion of the program, learners will be able to apply their knowledge and skills to real-world scenarios, making them highly employable in the industry.
The learning outcomes of this program include understanding cost estimation techniques, creating detailed project budgets, and managing project costs throughout the development process.
The duration of the program is typically 4-6 months, with learners completing a series of online courses and assignments.
The Professional Certificate in Cost Estimation for New Product Development is highly relevant to the product development industry, as accurate cost estimation is crucial for ensuring project success.
Learners who complete this program will gain a competitive edge in the job market, as companies are increasingly looking for professionals with expertise in cost estimation and project management.
The program is designed to be flexible, with learners able to complete the coursework at their own pace and on their own schedule.
The Professional Certificate in Cost Estimation for New Product Development is offered by leading educational institutions and is recognized globally, making it an excellent choice for learners looking to advance their careers.
Upon completion of the program, learners will receive a professional certificate that can be added to their resume or LinkedIn profile, demonstrating their expertise in cost estimation and project management.

Why this course?

Professional Certificate in Cost Estimation for New Product Development is highly significant in today's market, where companies are constantly looking to innovate and stay competitive. According to a survey by the Association for Cost Engineering (ACE), 75% of companies in the UK use cost estimation as a key factor in product development (Source: ACE, 2020).
Year Percentage of Companies Using Cost Estimation
2015 40%
2018 60%
2020 75%

Who should enrol in Professional Certificate in Cost Estimation for New Product Development ?

Ideal Audience for Professional Certificate in Cost Estimation for New Product Development In the UK, the average cost of product development can range from £500,000 to £2 million, with 70% of companies experiencing delays and cost overruns (Source: UK's Association for Project Management).
Professionals with a background in engineering, procurement, and construction (EPC) or project management Are well-suited for this certificate, as they will gain essential skills in cost estimation, project planning, and risk management.
Product development teams in various industries, including technology, pharmaceuticals, and automotive Will benefit from this certificate, as it will enable them to accurately estimate costs, reduce project timelines, and improve overall profitability.
Individuals looking to advance their careers in cost estimation, project management, or product development Will find this certificate to be an excellent way to enhance their skills, increase their earning potential, and stay competitive in the job market.