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Engineering consulting is the practice of performing engineering as a consulting engineer.It assists individuals, public and private companies with process management, idea organization, product design, fabrication, maintenance, repair and operations (MRO), servicing, tech advice, tech specifications, tech estimating, costing, budgeting, valuation, branding, and marketing.
Subpart 37.2 defines advisory and assistance services and provides that the use of such services is a legitimate way to improve the prospects for program or systems success. FAR Part 37.201(c) defines engineering and technical services used in support of a program office during the acquisition cycle.
External consultant: [22] someone who is employed externally to the client, either by a consulting firm, some other agency or as an independent freelancer, whose expertise is provided under contract for a fee or rate.
A cost-plus contract is often used when performance, quality or delivery time is a much greater concern than cost, such as in the United States space program. [9] Cost plus contracting was expanded to include services such as engineering, consulting, and a variety of other such efforts in the 1980's. [10]
Cost engineering is "the engineering practice devoted to the management of project cost, involving such activities as estimating, cost control, cost forecasting, investment appraisal and risk analysis". [1] "Cost Engineers budget, plan and monitor investment projects. They seek the optimum balance between cost, quality and time requirements." [2]
For example, if 32 hours of billable time are recorded in a fixed 40-hour week, the utilization rate would then be 32 / 40 = 80%. Note that with this second method it is possible to have a utilization rate that exceeds 100%. If 50 hours of billable time are recorded in a fixed 40-hour week, then the utilization rate would be 50 / 40 = 125%.
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Engineering management is the application of engineering methods, tools, and techniques to business management systems. Engineering management is a career that brings together the technological problem-solving ability of engineering and the organizational, administrative, legal and planning abilities of management in order to oversee the operational performance of complex engineering-driven ...
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