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Engineering cost optimization

Analyze and optimize the costs associated with engineering operations

Conduct a comprehensive analysis of engineering costs including infrastructure, tools, and productivity to identify optimization opportunities.

100 minutes
analysis

Overview

Conduct a comprehensive analysis of engineering costs including infrastructure, tools, and productivity to identify optimization opportunities.

Learning objectives

  • Map all engineering-related costs
  • Identify cost drivers and trends
  • Find optimization opportunities
  • Implement cost monitoring

Instructions

Analyze and optimize your engineering organization's cost structure.

Steps

1

Inventory costs

30 minutes

Inventory all cost centers

2

Analyze trends

25 minutes

Analyze cost trends and drivers

3

Identify optimizations

20 minutes

Identify optimization opportunities

4

Create reduction plan

20 minutes

Create cost reduction plan

5

Set up monitoring

5 minutes

Set up ongoing monitoring

Pro tips

  • •Consider both direct and indirect costs
  • •Balance cost optimization with productivity
  • •Involve finance partners
  • •Track ROI of optimizations

Example outcome

A 20% reduction in engineering costs while maintaining or improving productivity, with ongoing monitoring and optimization processes.

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