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CON 7320V Cost Realism Analysis (Last Modified:24-Jul-2024)   Description ***This is an online Virtual Instructor-Led Training (VILT) course.*** Restrictions: This course is restricted to DoD Acquisition Workforce (DAW) government civilian and military students only. Cost realism analysis is the process of independently reviewing and evaluating specific elements of each offeror’s proposed cost estimate to determine if the estimate is unrealistically low. In this Virtual Instructor Led Course (VILT), you will learn why it is essential to recognize proposed costs that are unrealistically low. You will understand the integral role of cost analysis and price analysis and how those analyses differ from a cost realism analysis. You will also learn the role of a price realism analysis and when you should conduct a price realism analysis. Much of the class time is spent learning how to conduct an effective cost or price realism analysis. Protests are always a risk, especially when the award is based on a cost or price realism analysis. For that reason, you will learn practical, effective steps you can take to avoid protests and to successfully defend your team’s decision, if necessary. Objectives Download Course Objectives Target Attendees Defense acquisition personnel who are involved in conducting cost realism analysis on both fixed-price and cost-reimbursement proposals. Prerequisite(s) None Predecessor Course(s) Predecessor Predecessor Course Title PDS Code Expires On None None None None Course Length 25 hours over the course of 4.5 days Additional Course Information Delivery Mode Virtual Instructor Led Training Equivalent Courses N/A Availability Defense Acquisition Workforce (DAW) Only PDS Code B4L Walk-ins Authorized Yes Pre-work required No First Offering 07/15/2024 ACE Recommended Credits None Continuing Education Units   2.5 Continuous Learning Points  25 Reservist Retirement Points  0 Historical Allocations Mouse Over for Past CEU/CLPs Fulfillment Eligible YES Technical Requirements Click Here Notes Additional Information: Self-paced student activities each class day followed by required live virtual instructor-led sessions. Virtual classes are conducted in MS Teams. Students are required to test connectivity with DAU IT prior to the class start date. DAU does not reimburse student phone/internet charges. The CLPs assigned to this learning activity may be used to meet professional certification and/or licensure requirements (PDUs/CPE credits).