Cost Time Report (CTR)

Share This Post

Prepare a Cost Time Report (CTR) for each package to calculate the budget in terms of inspection man days required during manufacturing.

 

You can use equipment criticality to assign a factor for calculating man days.

 

For example, for  an equipment with criticality “1” , assign a factor of “1.6”;

 

Now; if the equipment takes 6 months to be manufactured; considering 5 working days per week, you would need 6 X 22 (22 being working days in a month) multiplied by 1.6 (package criticality factor) = 211 man days of inspection.

 

For criticality “2” you can use a factor of “1” and so on.

 

Criticality “3” normally needs a final inspection only; while criticality “4” items are normally inspected at the point of receipt or at site.

 

You may want to add 25% to the total budget to account for uncertainties and any surprises such as:

  •  repeat inspection due to NCR,
  •  cancelled inspection by supplier,
  •  delays,
  •  enhanced inspection due to supplier’s poor performance.

Subscribe To Our Newsletter

Get updates and learn from the best

More To Explore

Inspector Continuous Improvement

  Continuous Improvement: At the completion of the inspection activities; a PDCA cycle (plan, do, check, act) review is taken as part of a continuous improvement program to determine which activities went well and where improvements should be made. Any

Maximum Allowable Working Pressure (MAWP)

  It is the maximum gauge pressure at the top of a pressure vessel allowed by design or code calculations for a set temperature. When the working temperature decreases or significantly increases, material strength is reduced and therefore the pressure

Do You Want To Boost Your knowledge?

See our Coursses