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BCF 331 Advanced Concepts in Cost Analysis





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iCatalog Home BCF 331 Advanced Concepts in Cost Analysis
(Last Modified:13-Oct-2021)

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Description
Students will apply their skills in managing, leading and reviewing each step of the five-step process to prepare and deliver quality cost estimates. Students will participate in a continuing case study in the role of a senior cost estimator or supervisor to successfully guide a hypothetical cost team through a milestone review cost estimate. In addition to requiring students to employ cost estimating fundamentals, the case study involves making difficult but realistic judgement calls often faced by cost estimators in those positions. Emphasis is placed on critical thinking, analytical decision making and leadership.
Objectives
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Target Attendees
Senior level cost estimators
Prerequisite(s)
Required:
  • BCF 216, Applied Operating and Support Cost Analysis
  • BCF 225, Acquisition Business Management Application
  • BCF 230V, Intermediate Cost Analysis
  • Predecessor Course(s)
    Predecessor Predecessor Course Title PDS Code Expires On
    BCF 330 Advanced Concepts in Cost Analysis ZZB 01-Oct-2021
    Course Length
    4.5 class days
    Additional Course Information
    Delivery Mode Instructor Led Training
    Equivalent Courses None
    ACE Recommended Credits YES
    PDS Code ZGK
    Fulfillment Eligible YES
    Continuing Education Units   3.3
    Continuous Learning Points  33
    Reservist Retirement Points  0
    Historical Allocations Mouse Over for Past CEU/CLPs
    Notes
  • Completing BCF 206 and BCF 250 prior to registering is highly recommended.
  • 6 Years of Cost Estimating Experience is strongly recommended, as well as a solid grasp of both risk and uncertainty analysis, and statistical regression analysis, including inputs, analysis techniques and especially reviewing products. Students also need to be able to evaluate and analyze estimates that include Work Breakdown Structures, knowledge of cost reporting procedures, escalation, learning curves and presentations. Students must also have a working knowledge of Excel and @Risk.