Professional Certificate Course in Production and Cost Analysis and Estimation in London 2025

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Online learning, with ease.

24/7

Unlimited access with pre-recorded lectures.

Partnerships and Accreditation:

Average Completion Time

2 Weeks

Accreditation

3 CPD Hours

Level

Advanced

Start Time

Anytime

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Unlimited Access

24/7 access to lectures.

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Professional Certificate Courses

These are short online certificate courses designed to help you develop professionally and achieve your career goals, while you earn a professional certificate which qualifies you for the appropriate continuous professional development (CPD).

Professional Certificate Course in Production and Cost Analysis and Estimation

The aim of the "Production and Cost Analysis and Estimation" course is to provide students with a comprehensive understanding of the production process, the cost structure of a firm, and the methods used to estimate costs and production functions.

After the successful completion of the course, you will be able to:

Understand the Classical Production Theory.
Understand the Optimum Factor of Combinations.
Understand the Price Elasticity of Supply.
Understand the Short-run and Long-run Cost Theories.
Understand the Break-even-analysis, Cost-Benefit analysis, Outscoring, and Cost.
Understand the Learning curve, Product innovation, and Process Innovation Life-Cycle Model.

Course Details

This economics course focuses on the analysis of production functions, cost functions, and the relationship between input and output. The course covers topics such as marginal cost, average total cost, and average variable cost, as well as the estimation techniques of cost functions and production functions. Students will learn about how firms make production decisions and how they can estimate and optimize their production costs to achieve maximum profitability.

Accreditation

All MSBM courses are accredited by the relevant partners and awarding bodies. Please refer to MSBM accreditation in about us for more details.

Entry Requirements

There are no strict entry requirements for this course. Work experience will be added advantage to understanding the content of the course.

The certificate is designed to enhance the learner's knowledge in the field. This certificate is for everyone eager to know more and get updated on current ideas in their respective field. We recommend this certificate for the following audience.

Business Analyst
Financial Analyst
Operations Manager
Production Planner
Cost Estimator
Supply Chain Manager
Management Consultant
Economist

Course Modules

This course is an economics course that focuses on the analysis of production functions, cost functions, and the relationship between input and output. The course covers topics such as marginal cost, average total cost, and average variable cost, as well as the estimation techniques of cost functions and production functions. Students will learn about how firms make production decisions and how they can estimate and optimize their costs of production to achieve maximum profitability.

VIDEO - Course Structure and Assessment Guidelines

Watch this video to gain further insight.
Navigating the MSBM Study Portal

Watch this video to gain further insight.
Interacting with Lectures/Learning Components

Watch this video to gain further insight.
Production and Cost Analysis & Estimation

Self-paced pre-recorded learning content on this topic.
Production And Cost Analysis And Estimation

Put your knowledge to the test with this quiz. Read each question carefully and choose the response that you feel is correct.

Understand the Classical Production Theory.
Understand the Optimum Factor of Combinations.
Understand the Price Elasticity of Supply.
Understand the Short-run and Long-run Cost Theories.
Understand the Break-even-analysis, Cost-Benefit analysis, Outscoring, and Cost.
Understand the Learning curve, Product innovation, and Process Innovation Life-Cycle Model.

VIDEO - Course Structure and Assessment Guidelines

Watch this video to gain further insight.
Navigating the MSBM Study Portal

Watch this video to gain further insight.
Interacting with Lectures/Learning Components

Watch this video to gain further insight.
Production and Cost Analysis & Estimation

Self-paced pre-recorded learning content on this topic.
Production And Cost Analysis And Estimation

Put your knowledge to the test with this quiz. Read each question carefully and choose the response that you feel is correct.

All MSBM courses are accredited by the relevant partners and awarding bodies. Please refer to MSBM accreditation in about us for more details.

There are no strict entry requirements for this course. Work experience will be added advantage to understanding the content of the course.

Business Analyst
Financial Analyst
Operations Manager
Production Planner
Cost Estimator
Supply Chain Manager
Management Consultant
Economist

Single Course Purchase

(Buy Lifetime Access)

£ 34 ^{£ 62}

What you will get:

Access to this course.
Access to library.

16-25 Initiative

£10 /month

(Billed monthly at £10)

What you will get:

Unlimited access to this course
Unlimited access to all courses in the PCC, APCC and SEP category
Free Access to Library with over 31 million Journal and Articles
Verifiable Co-branded Digital Certificate

Entrepreneurs or Working Professionals

£85 /month

(Billed monthly at £85)

What you will get:

Unlimited access to this course
Unlimited access to all courses in the PCC, APCC and SEP category
Free Access to Library with over 31 million Journal and Articles
Verifiable Co-branded Digital Certificate

View All Subscriptions

Training 5 or more people?

£25/month (from 5 employees)
(Billed monthly at £25)

What you will get:

Unlimited access to this course
Unlimited access to all courses in the PCC, APCC and SEP category
Free Access to Library with over 31 million Journal and Articles
Verifiable Co-branded Digital Certificate

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