Skip to main content
Go to the home page of the European Commission (opens in new window)
English English
CORDIS - EU research results
CORDIS
Content archived on 2024-05-29

Virtual cost engineering studio

Objective

Within the support action lifetime of 24 months and expending 134.5 person months, the V-CES consortium will implement, validate and improve a virtual cost engineering studio service catering to the needs and wants of those professionals, whose responsibility is the expert planning and cost-management of efforts by their companies to develop new products.

V-CES offers them a multi-facetted service comprising such features:
- powerful internet browser accessed tool to assist the development of timely, accurate cost estimates (V-CES mentor) for more holistic, creative, resource efficient, and collaborative approaches to product development
- training of novice cost engineers in all cost engineering techniques, e.g. parametric, bottom up, expert judgment based, and analogy based cost engineering-I earning from best practice cases for all cost engineering approaches/techniques
- one stop shop for public available information relevant to cost estimation leading to more creative, more timely fulfilment of cost engineering tasks
- participation in a European virtual community to interact with colleagues and experts to learn from experiences of others and to establish informal and formal relationships
- user centred, multi lingual, virtual working and learning environment
- customisation to requirements of automotive, aerospace and semiconductor equipment industry.

Through V-CES services the users will need 25% less time to do accurate estimations. As a result, their companies benefit through the timely knowledge of their true bottom line costs and so gain a competitive edge. On a macro level, it will also make the best practice accessible to the suppliers and help achieve better OEM - supplier integration. Overall, V-CES will strengthen Europe's competitive position by developing collaborative technologies and best practice methodologies for extended product development approaches.

Fields of science (EuroSciVoc)

CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.

You need to log in or register to use this function

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

Data not available

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

SSA - Specific Support Action

Coordinator

GESELLSCHAFT FUER TECHNOLOGIEFOERDERUNG ITZEHOE MIT BESCHRAENKTER HAFTUNG
EU contribution
No data
Address
FRAUNHOFERSTRASSE 3
25524 ITZEHOE
Germany

See on map

Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

No data

Participants (4)

My booklet 0 0