Master'sMaterials, Manufacturing & Quality Applications open

Master’s in DfM/DfA/DfC and Cost Engineering: Cost Targets

Online master's programme of 1,900 hours in DfM/DfA/DfC and cost engineering with cost targets, structured in 12 modules covering product cost engineering, target costing, design for manufacture, assembly and cost, cost models, purchasing, tolerances, sustainability and product economics under VDI 2225, EN 1325 and ISO 15686-5, with an assigned technical tutor.

Duration12–14 months
ModeOnline
LanguageEnglish
Start datesSet by the faculty
AwardSEIUM Institute diploma

Master’s in DfM/DfA/DfC and Cost Engineering: Cost Targets — studying from South Africa

Materials and manufacturing underpin South Africa's mining, metals, automotive and heavy engineering industries. The country's rich mineral base supports research and production in metallurgy, polymers and advanced materials, and the CSIR and universities contribute to materials science. Quality management and standards compliance are essential for exporters, supported by the South African Bureau of Standards. Engineers in this field work on process control, materials testing and continuous improvement across production lines.

Fees for South Africa: R 185 000 (South African rand), with instalments and employer sponsorship available.

Relevant bodies in South Africa

  • South African Bureau of Standards (SABS)
  • South African Institute of Industrial Engineers (SAIIE)
  • South African Institute of Mining and Metallurgy (SAIMM)

Typical roles

  • Materials Engineer
  • Quality Engineer
  • Manufacturing Engineer
  • Metallurgical Engineer

Questions from South Africa

Will a SEIUM qualification be recognised by the professional bodies in South Africa for this area?

SEIUM qualifications are private, not official state degrees, and are not accredited by any South African body. For quality and manufacturing, relevant bodies include the South African Bureau of Standards (SABS) and professional engineering institutions, with ECSA handling professional registration. Recognition of a private qualification rests with employers or those bodies, so confirm acceptance with them before you enrol.

How might this qualification be used by employers in South Africa in materials and manufacturing?

Manufacturers, materials suppliers and quality departments value practical knowledge of materials behaviour, process control and quality systems. A private advanced qualification can strengthen a CV, especially combined with shop-floor or engineering experience. Its value is judged by each employer, so discuss it with potential employers in your industry to gauge how it would be received.

Can I study this programme alongside full-time work from South Africa, and is there a time zone or language issue?

The programme is 100% online and in English, so you can study from home and do not need a student visa. Master's programmes take 1,900 hours, postgraduate diplomas 800 hours and specialist courses 300 hours. You get an assigned technical tutor, can pay fees in instalments, and may seek employer sponsorship. Check the time-zone and workload details with SEIUM directly.

Virtual lab · try it before you enrol

Take the controls.

Run a real engineering trade-off from this field. Move the sliders, watch the model react in real time and beat the challenge.

SIM · LIVE ●
Learning outcomes

What you will be able to do

01

Structure the cost of a product and deploy cost targets to its components.

02

Apply design-for-manufacture rules to the main industrial processes.

03

Reduce part counts and assembly times through DFA analysis.

04

Build reliable bottom-up and parametric cost models.

05

Negotiate with suppliers using objective cost data.

06

Relate tolerances, quality and cost in design.

07

Prepare business cases that integrate cost, profitability and sustainability.

Profile

Who it's for

  • Cost engineers seeking a structured methodology for cost targets.
  • Design-for-manufacture engineers.
  • Should-cost analysts.
  • VA/VE value engineers.
  • Technical buyers who negotiate on the basis of cost data.
  • Product cost managers.
  • Engineering or science graduates aiming to enter the automotive sector.
Standards & tools

What you'll work with

  • VDI 2225 (design engineering methodology: technical and economic evaluation)
  • EN 1325 (value management: vocabulary and terms)
  • ISO 15686-5 (life cycle costing)
  • EN 12973 (value management)
  • ISO 22514 (statistical methods in process management: capability and performance)
  • IATF 16949 (automotive quality management system)
  • VDI 2235 (economic decisions in design: cost information)
  • aPriori
  • Boothroyd Dewhurst DFMA
  • Siemens Teamcenter Product Cost Management
  • SolidWorks Costing
  • Microsoft Excel with Power Query
Syllabus

12 modules

  1. 1.1Cost structure of an industrial product
  2. 1.2Material, process and overhead costs
  3. 1.3Recurring and non-recurring costs
  4. 1.4Target cost and target costing
  5. 1.5Should-cost versus purchase price
  6. 1.6Learning curves and volume
  7. 1.7Life cycle cost
  8. 1.8Influence of design on committed cost
  9. 1.9Roles of the cost engineer in development
  10. 1.10Case study: cost breakdown of a component
  1. 2.1Market price and target margin
  2. 2.2Deploying cost to systems and parts
  3. 2.3Functional analysis and cost per function
  4. 2.4Value engineering VA/VE
  5. 2.5Teardown and competitive benchmarking
  6. 2.6Cost gates in development
  7. 2.7Tracking the cost gap
  8. 2.8Negotiation with engineering and purchasing
  9. 2.9Change management and its impact
  10. 2.10Workshop: target cost cascade for a subsystem
  1. 3.1Design rules for plastic injection moulding
  2. 3.2Draft angles, wall thicknesses and ribs
  3. 3.3Design for sheet metal stamping
  4. 3.4Aluminium die casting
  5. 3.5Machining: tolerances and accessibility
  6. 3.6Extrusion and profiles
  7. 3.7Series additive manufacturing
  8. 3.8Process selection by volume
  9. 3.9Surface treatments and their cost
  10. 3.10Practical exercise: redesign of an injection-moulded housing
  1. 4.1The Boothroyd and Dewhurst method
  2. 4.2Reducing the number of parts
  3. 4.3Handling and insertion of components
  4. 4.4Clip, screw and welded joints
  5. 4.5Poka-yoke in design
  6. 4.6Automated versus manual assembly
  7. 4.7Assembly sequence and accessibility
  8. 4.8MTM standard times
  9. 4.9Modular design and platforms
  10. 4.10Lab: DFA analysis with DFMA software
  1. 5.1Variant complexity and its cost
  2. 5.2Component standardisation
  3. 5.3Commonality across product families
  4. 5.4Cost of quality and tolerances
  5. 5.5Logistics and packaging costs
  6. 5.6Tooling costs and amortisation
  7. 5.7Make or buy
  8. 5.8Design for disassembly and service
  9. 5.9Topology optimisation and weight
  10. 5.10Case study: variant reduction in a product range
  1. 6.1Bottom-up costing by operation
  2. 6.2Machine and labour rates
  3. 6.3Parametric cost models
  4. 6.4Activity-based costing
  5. 6.5Material and price databases
  6. 6.6aPriori and Facton tools
  7. 6.7Cost of injection and stamping tooling
  8. 6.8Sensitivity to volume and location
  9. 6.9Validation against real quotations
  10. 6.10Practical exercise: cost model of a stamped part
  1. 7.1Sourcing strategy
  2. 7.2Quotations and quote breakdown
  3. 7.3Negotiation based on cost data
  4. 7.4Raw material indices
  5. 7.5Logistics costs and tariffs
  6. 7.6Low-cost country sourcing
  7. 7.7Supply risks
  8. 7.8Joint development with suppliers
  9. 7.9Contracts and productivity clauses
  10. 7.10Workshop: analysis of a supplier quotation
  1. 8.1Tolerances and their effect on cost
  2. 8.2Tolerance stack-up analysis
  3. 8.3Process capability Cp and Cpk
  4. 8.4Design and process FMEA
  5. 8.5Cost of poor quality
  6. 8.6Statistical process control
  7. 8.7Inspection and metrology
  8. 8.8Taguchi robust design
  9. 8.9Control plans
  10. 8.10Case study: tolerances of a critical assembly
  1. 9.1Concurrent engineering in development
  2. 9.2Cross-functional product teams
  3. 9.3DFM in design reviews
  4. 9.4CAD tools with manufacturability analysis
  5. 9.5PLM and cost management
  6. 9.6Project portfolio management
  7. 9.7Industrialisation and PPAP
  8. 9.8Launch and production ramp-up
  9. 9.9Lessons learned across projects
  10. 9.10Practical exercise: DFM review of a real design
  1. 10.1Combined cost and carbon footprint
  2. 10.2Recycled materials and cost
  3. 10.3Design for recycling
  4. 10.4Remanufacturing and second life
  5. 10.5Cost of environmental compliance
  6. 10.6Energy in manufacturing processes
  7. 10.7Cost-effective ecodesign and its levers
  8. 10.8Carbon pricing and its impact
  9. 10.9Product sustainability reporting
  10. 10.10Case study: low-impact alternative meeting the target cost
  1. 11.1Product business case
  2. 11.2Profitability and payback period
  3. 11.3Net present value and IRR
  4. 11.4Scenarios and risk analysis
  5. 11.5Annual productivity with suppliers
  6. 11.6Cost reviews in series production
  7. 11.7Cost reduction on a launched product
  8. 11.8Communication with financial management
  9. 11.9Cost indicators in dashboards
  10. 11.10Workshop: business case with NPV and IRR
  1. 12.1Selection of the product or subsystem
  2. 12.2Analysis of the current cost
  3. 12.3Definition of the target cost
  4. 12.4Teardown and benchmarking
  5. 12.5DFM, DFA and DFC proposals
  6. 12.6Comparative cost model
  7. 12.7Validation with manufacturing and purchasing
  8. 12.8Implementation plan
  9. 12.9Master's Thesis report
  10. 12.10Master's Thesis: defence before a panel
Methodology, software & labs

How you'll learn

100% online training on the SEIUM campus, with downloadable material, recorded classes and an assigned technical tutor. There are no fixed timetables: you progress at your own pace within each intake, so you can combine it with your job.

Each module combines theory, guided reading of the original standard and applied exercises. The working software is aPriori, Boothroyd Dewhurst DFMA, Siemens Teamcenter Product Cost Management, SolidWorks Costing and Microsoft Excel with Power Query, in free, academic or evaluation versions. Practical work is based on real procedures: teardowns of competitor products, bottom-up cost models of real parts and DFM and DFA reviews with engineering teams. Assessment is continuous by module plus the final Master's Thesis.

Standards covered: VDI 2225, EN 1325 (value management), ISO 15686-5, EN 12973, ISO 22514, IATF 16949, VDI 2235.

Assigned technical tutor:every module ends with a deliverable that your tutor marks individually.
Standards-based learning:guided reading of VDI 2225, EN 1325 and ISO 15686-5 applied to real cases, not as a theoretical annex.
Industry software:aPriori, Boothroyd Dewhurst DFMA, Siemens Teamcenter Product Cost Management, SolidWorks Costing and Microsoft Excel with Power Query, in free, academic or evaluation versions.
Master's Thesis with defence:A complete cost-reduction and target-cost project on a real product or subsystem, defended before a panel.
Flexible format:100% online, no fixed timetables, compatible with full-time work.
Capstone project

Build it end to end

Your final project follows the real engineering workflow, step by step, reviewed by your tutor.

Current cost analysis
Break down the current cost of the selected product or subsystem.
Target cost definition
Set the target cost and cascade it to components.
Teardown and benchmarking
Benchmark the product against competitors through a structured teardown.
DFM, DFA and DFC proposals
Develop design proposals and compare them with a cost model validated with manufacturing and purchasing.
Master's Thesis
A complete cost engineering project with an implementation plan, defended before a panel.
Career opportunities

Where this takes you

Cost engineerDesign-for-manufacture engineerShould-cost analystVA/VE value engineerTechnical buyerProduct cost manager
Admissions & scholarships

Requirements

  • A university degree in engineering, science or architecture, or equivalent demonstrable professional experience.
  • An internet connection and a computer capable of running the programme software.
  • English sufficient to read technical standards.

Ready to start?

Send your application today. Our admissions team replies within 72 hours with your study plan and funding options.

FAQ

Frequently asked questions

The programme totals 1,900 hours over 12–14 months. You set your own pace within each intake, and your tutor helps you plan the workload around your job.

You work with aPriori, Boothroyd Dewhurst DFMA, Siemens Teamcenter Product Cost Management, SolidWorks Costing and Microsoft Excel with Power Query, using free, academic or evaluation versions. Your tutor indicates the free alternative wherever one exists.

A SEIUM Institute diploma, awarded on passing the continuous assessment and the Master's Thesis. It is SEIUM's own qualification, not an official state degree; its recognition depends on the programme completed and the regulations of each country.

Yes. Modules passed in a course or postgraduate diploma in the same area are recognised in the higher programme. Ask about the recognition policy when you enrol.

A university degree in engineering, science or architecture (or equivalent demonstrable professional experience), plus English sufficient to read technical standards.

Start dates are set by SEIUM's faculty for each intake. Our admissions team will confirm the next available date when you apply.

Master’s in DfM/DfA/DfC and Cost Engineering: Cost TargetsEnrol
Scroll to Top
SEIUM – Institute of Advanced Engineering
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.