Seat No.: ________ Enrolment No.
___________
GUJARAT TECHNOLOGICAL UNIVERSITY
ME - SEMESTER– 3 (NEW) • EXAMINATION – WIINTER - 2022
Subject Code:3730008 Date: 21 Dec 2022
Subject Name:Cost Management of Engineering Projects
Time:10:30 AM TO 01:00 PM Total Marks: 70
Instructions:
1. Attempt all questions.
2. Make suitable assumptions wherever necessary.
3. Figures to the right indicate full marks.
Q.1 (a) What is Strategic Cost Management and write objective and need of SCM. 07
(b) Explain the following terms 07
a. Relevant cost
b. Differential cost
c. Incremental cost
d. Opportunity cost
Q.2 (a) What is Costing System? And explain objective of Costing System 07
(b) Explain various types of cost concepts in decision making. 07
OR
(b) Explain the following terms: 07
a. Marginal costing
b. Absorption costing
Q.3 (a) What is Cost overrun and which are the various reasons of Cost overruns in 07
construction?
(b) What is the meaning of Project and explain the different types of project. 07
OR
Q.3 (a) What are the various Project Cost Estimating Tools & Techniques? 07
(b) Why is Project Cost Management important and explain the process of managing 07
project costs.
Q.4 (a) Explain Break-even analysis in detail 07
(b) What is Inventory Valuation? List out method of Inventory valuation and explain 07
any one in detail
OR
Q.4 (a) What is Total Quality Management? Explain theory of constraints 07
(b) Which are the various Project Execution Phases? 07
Q.5 (a) Explain the difference between Marginal Costing and Absorption Costing. 07
(b) Differentiate between traditional decision-making and scientific decision- 07
making.
OR
Q.5 (a) Explain the concept of Cost – Volume – Profit analysis. 07
(b) Write a detail note on Pricing strategies. 07
*************
