Cost & Manufacturing Concept Class Real World Task 2024

Involved in the Concept Class Cost event?

Your team’s Cost lead has called a Leadership meeting to discuss the ongoing inflationary pressures acting on your team’s finances.

With inflation and wage growth running at ~7% they are concerned that your budget and departmental allocation may now not be enough to complete the project with these cost pressures acting on it.

Your Cost lead explains that they are working with new & current sponsors to see if they can close the short fall but in the current economic environment, they cannot guarantee this can be achieved.

They task you and the team to produce a plan to reduce your Bill of Material (BOM) cost spend by 10% and request you to achieve this without sacrificing your ultimate project goals.

Be prepared to present your plan & ideas during your judging session at the event, no pre submission is required.