BCF 331V Advanced Concepts in Cost Analysis

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


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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.
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Target Attendees
Senior level cost estimators
  • 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
    5 days (see Notes)
    Additional Course Information
    Delivery Mode Virtual Instructor Led Training
    Equivalent Courses None
    ACE Recommended Credits YES
    PDS Code Z4C
    Fulfillment Eligible N/A
    Continuing Education Units   3.3
    Continuous Learning Points  33
    Reservist Retirement Points  0
    Historical Allocations Mouse Over for Past CEU/CLPs
    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.

  • Access your Agency specific registration site for the course schedule.
  • Virtual classes are conducted via MS Teams.
  • 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.