Process Cost engineering is the lean six sigma practice devoted to the management of work cost, involving such activities as estimating, process control, capacity forecasting, manager taxonomy and risk analysis. The optimum balance between cost, quality and time requirements. Lead Time defines when your client receives the end product requested.
One key objective of process engineering is to arrive at accurate capacity estimates and work time per activity and to avoid cost overruns and client complaints.
Process cost engineering goes beyond preparing work time estimates, capacity and work schedules by helping manage resources and supporting assessment and decision making of C Management.