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BCF 331V





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iCatalog Home BCF 331V Advanced Concepts in Cost Analysis
(Last Modified:07-Oct-2020)

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Description
This is a virtual instructor led training (VILT) course. 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 230, Intermediate Cost Analysis
  • Predecessor Course(s) (Acceptable as a substitute for this course until the acceptance date specified below.)
    Predecessor Predecessor Course Title PDS Code Accepted Until
    BCF 230 Intermediate Cost Analysis ZZB 01-Oct-2021
    Course Length
    5 days (see Notes)
    Additional Course Information
    Delivery Mode Virtual Instructor Led Training
    Equivalent Courses None
    ACE Recommended Credits YES
    PDS Code Z4C
    DAU Public (material/prework) N/A
    Continuing Education Units   3.1
    Continuous Learning Points  31
    Reservist Retirement Points  0
    Historical Allocations Mouse Over for Past CEU/CLPs
    Notes
    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. Read ahead material is available via DAU Public Blackboard.

  • Access your Agency specific registration site for the course schedule.
  • Virtual classes are conducted via Cisco Webex/MS Teams, supplemented with Blackboard and e-mail.
  • Walk-ins are NOT authorized. Students are required to test connectivity with DAU IT prior to the class start date and should not schedule themselves for any other work-related activity while participating in this class.
  • DAU does not reimburse student phone/internet charges.