Design for Target Cost

Course Number:  108-RS
Recommended Duration:  1 Day

Intended Audience: Project leaders and project team members.

Course Overview
In order to achieve the profitability targets set for many new products, cost reduction has become a major element of the product design strategy. Design for Target Cost techniques provides the methodology for the new product development team to achieve the cost reduction. It includes techniques for determining cost allocation of the market price and explains the principles of innovative design. The course focuses on the management framework required for effective target costing efforts rather than specific design tools.

Prerequisites:  None

Topics/Objectives

• Market-based target costing

• Setting cost targets

• Prioritizing design efforts

• Innovative/breakthrough designs